Information – Page 357 – City Business News

July 1, 2022 No Responses

Saraki: Onitsha River Port Will Generate Over N23b In 30 Years

The Onitsha River Port is positioned to generate over N23billion for the Federal Government in 30 years, the Minister of State For Transport, Gbemi Saraki, has said Saraki, during the signing of the concession of the port on Thursday in...

June 30, 2022 No Responses

Grimaldi Takes Delivery Of 10th Eco-Friendly RoRo

Italian shipping company, Grimaldi Group has taken delivery of Eco Mediterranea, the tenth of twelve hybrid roll-on/roll-off (RoRo) ships belonging to the Grimaldi Green 5th Generation (GG5G) class. The vessel was delivered on 28 June by the Chinese...

June 30, 2022 No Responses

Fitch Upgrades Fidelity Bank’s Issuer Default Rating From ‘B-’ To ‘B’

Fitch Ratings has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased creditworthiness. The rating agency also upgraded Fidelity’s National Long-Term Rating to ‘A(nga)’ from ‘...

June 30, 2022 No Responses

Delta, Rivers Corps Members To Benefit From Unity Bank’s N10m Business Grant

Unity Bank’s flagship Entrepreneurial Development Initiative, Corpreneurship Challenge, is set to return for the 8th edition across 10 locations in Nigeria, including a debut in Delta and Rivers States. The Retail lender kick-star...

June 30, 2022 No Responses

WAEC Approves 85 Venues For Coordination And Scripts Marking

Coordination and marking of the 2022 West African Senior School Certificate Examination (WASSCE) for school candidates will be carried out at 85 venues across Nigeria. The West African Examinations Council (WAEC) made the disclosure in a statement s...

June 29, 2022 No Responses

Nigeria, Japan Sign Exchange Notes On High-Speed Boat

The Federal Republic of Nigeria has signed an Exchange of Note(E/N) with the Japanese Government for an Economic and Social Development Programme involving the acquisition of a High-Speed Boat to reinforce services for coastal security in Nigeria, with the Nig...

June 29, 2022 No Responses

NIWA Board Holds Inaugural meeting, Pledges To Make 10,00km Waterways Navigable

The Board of Directors, the National Inland Waterways Authority (NIWA), has promised to make the nation’s 10,000km-waterways navigable all year round. The Board Chairperson, Sen Binta Masi-Garba, made the promise on Tuesday during the Inaugural meeting o...

June 29, 2022 No Responses

Unclaimed Dividends Hit N180b

Lamido Yuguda, the Director-General, Security and Exchange Commission (SEC), on Tuesday, said the commission is working to ensure it reduces the level of unclaimed dividends to zero per cent. Speaking at an interactive session with editors on Tuesday in Lagos,...

June 28, 2022 No Responses

Customs Impounds N1.3b Goods In Ogun

The Nigeria Customs Service (NCS), Ogun 1 Area Command impounded goods worth N1.3 billion between May to June around Ogun State and its environs. Briefing Journalists on Monday, the Area Comptroller, Bamidele Makinde, explained that the command generated N12.8...

June 28, 2022 No Responses

Fitch Reaffirms Ecobank Nigeria’s Stable Outlook

Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch also affirmed the Bank’s Viability Rating (VR) at ‘b-‘ and National Long-Term Rating at &#8216...

June 28, 2022 No Responses

Evergreen Takes Delivery Of ‘world’s Largest’ 24,000 TEU Containership

Hudong–Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has delivered ‘the world’s largest’ 24,000 TEU-class containership ordered by Taiwanese shipping firm Evergreen Group. The ship, named Ever Alot, was delivered on...

June 28, 2022 No Responses

Railway Fencing: Contractors Protest Over Non-Payment Of N500m Debt

The Abuja-Kaduna Railway Fencing Sub-Contractors Association on Monday, in Abuja protested over the non-payment of N500 million debt owed them by Deux Projects Limited since 2018.The association’s spokesman, Mr Onyeka Enechuku, said the angry contractors wer...

June 28, 2022 No Responses

Ekweremadu, Wife Sue NIMC, NIS, UBA, Stanbic-IBTC Bank

Former Deputy Senate President, Ike Ekweremadu, and his wife, Beatrice, have sued the National Identity Management Commission (NIMC) and others over the controversy surrounding David Ukpo’s real age. Others mentioned in the suit are the Comptroller Ge...

June 28, 2022 No Responses

CVR: Fresh Registrations Hit 10,487,972

Fresh registration in the ongoing nationwide Continuous Voter Registration (CVR) has hit 10,487,972 as at 7 a.m. on Monday, June 27, 2022, the Independent National Electoral Commission (INEC) has disclosed The commission in its CVR weekl...