Information – Page 327 – City Business News

September 28, 2022 No Responses

FRSC Advises Political Parties To Shun Reckless Driving During Campaigns

The Federal Road Safety Corps (FRSC) has advised political parties preparing for campaigns ahead of the 2023 general elections to shun reckless driving during electioneering to avoid casualties. Mr Peter Kibo, the Zonal Commanding Officer in charge of Ogun and...

September 28, 2022 No Responses

FG To Distribute 12,000 Metric Tonnes Of Grains

The Federal Government has concluded arrangements to distribute 12,000 metric tonnes of assorted grains to vulnerable Nigerians. The Director-General, National Emergency Management Agency (NEMA), Mr Mustapha Habib announced this during a visit to Governo...

September 28, 2022 No Responses

Daewoo Shipbuilding Seals $1.4b Conditional Takeover Deal

South Korean shipbuilding major, Daewoo Shipbuilding & Marine Engineering (DSME) has entered into a tentative deal with compatriot conglomerate, Hanwha Group on the acquisition of a 49.3 percent stake and management rights in return for $1.4 billion. ...

September 28, 2022 No Responses

Senate Passes Bill To Amend CBN Act For Second Reading

The Senate on Tuesday at plenary passed for second reading, a bill to amend the Central Bank of Nigeria (CBN) Act. Leading debate on the general principles of the bill, its sponsor, Sen. Sadiq Umar (APC-Kwara), said the bill was...

September 28, 2022 No Responses

Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021

By Moses Ebosele, ebosele@hotmail.com — For the 2021 financial year, Ardova Plc attained a gross revenue of N192.47 billion, representing a 5.95 per cent increase from the 2020 revenue of N181.66 billion, whilst the group revenue closed a...

September 28, 2022 No Responses

Union Bank Partners WACOT Rice On Financial Inclusion For Smallholder Farmers In Kebbi

As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State. The Keb...

September 28, 2022 No Responses

Sterling Positions For Expansion With New Structure

With the unanimous support received from its shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand its financial services footprint from traditional banking and deliver more value to its shareholde...

September 27, 2022 No Responses

Fidelity Bank, SMEDAN, Seal SMEs MoU

In what has been termed a major move to bridge the gap in helping small businesses access much-needed funding and capacity development initiatives, Fidelity Bank Plc has announced a strategic partnership with the Small and Medium Enterprises Development Agency...

September 27, 2022 No Responses

Photo News

L-R: Director, Office of the Director General, Securities and Exchange Commission (SEC), Mr Daiyabu Kurfi, Member Technical Committee MSME Forum, Mrs Precious Gilbert-Akpan , President, Micro, Small and Medium Enterprises Business Membership Organisation...

September 27, 2022 No Responses

Nigeria Joins IMO On Greener Shipping For Sustainable Shipping

Nigeria is committed to achieving greener shipping in line with the campaign by the International Maritime Organization, IMO, to attain sustainable development in the maritime industry, the Minister of Transportation, Mu’azu Sambo, has declare...

September 27, 2022 No Responses

FRSC Deploys 10 Additional Operational Vehicles To Tackle Gridlock In FCT

The Acting Corps Marshal, Federal Road Safety Corps (FRSC), Dauda Biu has directed the immediate deployment of 10 additional operational vehicles to tackle traffic gridlocks in FCT. A statement issued on Monday Mr Bisi Kazeem, the Corps Public Educati...

September 27, 2022 No Responses

SON Impounds Substandard, Adulterated Wines In Ebonyi

The Standards Organisation of Nigeria (SON) has impounded substandard and adulterated alcoholic and non-alcoholic wines within the Abakaliki metropolis in Ebonyi State. A statement issued on Monday by the Head of Public Relations, SON South-East Regional...

September 27, 2022 No Responses

N5b Libel Suit: Out Of Court Settlement Fails, Court Adjourns To Nov15

THE out-of-court settlement embarked upon by parties in a N5 billion libel suit instituted by the immediate past Resident Electoral Commission (REC) in Akwa Ibom, Mike Igini, has failed in a Benin High Court presided over by Justice Vestee Eboreime ...

September 27, 2022 No Responses

Stock Market Rebounds By N87b

The Nigerian Exchange (NGX) was upbeat on Monday as market capitalisation increased by N87 billion or 0.33 per cent to close at N26.532 trillion from N26.445 trillion recorded on Friday. Also, the All-Share Index (ASI) increased by 162.70 basis points,.....