Information – Page 388 – City Business News

December 27, 2021 No Responses

Republic Of Benin Hands Over Tramadol Container To Nigeria Customs

The Nigeria Customs Service (NCS), Seme Command, has received items suspected to be tramadol capsules concealed with packaged jumbo size adult diapers in a container from the Republic of Benin. A statement issued on Sunday by the Customs command Public Relations Officer, Hussain Abdulahi explained...

December 23, 2021 No Responses

Truck Crushes FRSC Official

An official of the Federal Road Safety Corps (FRSC) has been crushed to death by a truck at Sagamu-Ijebu Ode Road in Ogun State. The Sector Commander, Mr Ahmed Umar, confirmed the incident to the News Agency of Nigeria (NAN) on Wednesday.&...

December 22, 2021 No Responses

Obaseki: Edo Has The Largest Oil Palm Plantation Under Cultivation In Nigeria

With the cultivation of 120,000 hectares, Edo State has the largest oil palm plantation under cultivation in Nigeria, Edo State Governor, Godwin Obaseki has said Obaseki said this during a visit by members of the Plantation Owners Forum of Nigeria...

December 19, 2021 No Responses

Buhari Greets Oil Magnate, Leemon Ikpea At 65

President Muhammadu Buhari on Saturday congratulated oil and gas investor, Dr Leemon Ikpea, as he turns 65 on Sunday. His media aide, Mr Femi Adesina, said in a statement that the president rejoiced with the Ikpea family on the milestone,...

December 16, 2021 No Responses

FEC Approves $1.9b To Boost Power Supply To 7,000 Megawatts

The Federal Executive Council (FEC) has approved $1.9 billion for the procurement of equipment for the nation’s power sector as part of measures to boost power supply across the country, through the Presidential Power Initiative. Briefing Jour...

December 12, 2021 No Responses

World Bank Applauds Kano State APPEALS Project

The World Bank on Saturday in Kano commended the successes recorded in its Agro-processing Productivity Enhancement and Livelihood Improvement Support Project. Dr Adetunji Oredipe, World Bank Task Team Leader gave the commendation while fi...

December 9, 2021 No Responses

Housing Deficit: SEC Pledges Collaboration With Stakeholders

The Securities and Exchange Commission (SEC) has pledged to collaborate with relevant stakeholders on real estate investments in as part of measures to curtail housing deficit in the country. Director-General of the SEC, Mr. Lamido Yuguda made...

December 9, 2021 No Responses

NIMASA DG Assures IGP of Support In Combating Maritime Crimes

Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has assured the Inspector General of Police, Usman Alkali Baba of support and strengthened partnership in the fight against maritime crime. Jamoh at a...

December 8, 2021 No Responses

Equinix Acquires MainOne For $320m

Equinix Inc, international digital infrastructure company, on Tuesday announced its expansion into Africa through $320m acquisition of MainOne, a leading West African data center and connectivity solutions provider. Charles Meyers, CEO, of Equinix, expla...

December 8, 2021 No Responses

ICPC Inaugurates Anti-Corruption Transparency Unit In NRC

Independent Corrupt Practices and Other Related Offences Commission (ICPC) has inaugurated Anti-Corruption Transparency Unit (ACTU) in the Nigeria Railway Corporation (NRC), Lagos. The News Agency of Nigeria (NAN) reports that the Chairman, ICPC, Prof. Bolaji ...

December 8, 2021 No Responses

Samsung Secures $622m Contract For Three New LNG Carriers

South Korean shipyard Samsung Heavy Industries (SHI) has received orders for three new LNG carriers valued at $622 million . Specifically, the shipyard received these orders from a Bermuda regional shipping company and from an Oceania regi...

December 7, 2021 No Responses

AMCON To Publish Debtors’ List In January

The Asset Management Corporation of Nigeria (AMCON) has concluded arrangements to publish the full list of the names of individuals, institutions as well as their Directors on its Non-Performing Loans (NPLs) portfolio in national newspapers. The Chairman...

December 7, 2021 No Responses

FIRS Urges Comprehensive Revenue Inclusion

Executive Chairman, Federal Inland Revenue Service (FIRS) Muhammad Nami, on Monday in Abuja called for the aggregation of all revenues generated at national and sub-national levels. This, he said, would enable proper determination and accurate computatio...

December 7, 2021 No Responses

Market Capitalisation Dips Further By N83b

Transactions in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure. Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from...