Information – Page 392 – City Business News

October 24, 2021 No Responses

FBN Holdings Confirms Otedola’s Acquisition Of 5.07% Stake

Barely 24 hours after denying notification of possible acquisition of shares by Mr Femi Otedola, FBN Holdings (FBNH) Plc on Saturday confirmed that the business mogul had acquired 5.07 percent equity stake in the company. FBNH’s Company Secretary, Mr Seye...

October 24, 2021 No Responses

Annuity For Retirees: Lagos Approves Additional Insurance Firms

The Lagos State Government has approved additional insurance company to join the league of insurance companies that underwrite annuity business for retirees in the state. The insurance firm is a subsidiary of a holding company. Managing Director of the c...

October 24, 2021 No Responses

NPCC Seeks Support For Single Window At Nigeria’s ports

The Chairman, Nigerian Ports Consultative Council (NPCC), Otunba Kunle Folarin has called for the establishment of the National Single Window at the nation’s seaports. Otunba Folarin made the call when he led the Nigerian Ports Consultative Council (NP...

October 23, 2021 No Responses

FBN Holdings Denies Femi Otedola’s Acquisition

By Moses Ebosele, ebosele@hotmail.com – FBN Holdings (FBNH) Plc, on Thursday, denied the reported acquisition of a majority stake in the company by Businessman, Mr Femi Otedola. In a statement published on the website of the Nigerian Exchange (NGX...

October 23, 2021 No Responses

AIICO Insurance Director Resigns

By Moses Ebosele, ebosele@hotmail.com — The Executive Director of AIICO Insurance Plc in charge of Retail Business, Mr. Olusola Ajayi has resigned from the Board of the Company. A notice sent to the Nigerian Exchange (NGX)...

October 23, 2021 No Responses

NCC Lists Measures To Guard Against “Flubot” malware

The management of Nigerian Communications Commission (NCC) on Friday alerted Nigerians of the existence of new, high-risk and extremely damaging, Malware called “ Flubot”. A statement issued by the Director of Public Affairs (DPA), NCC, Dr. Ikechukwu A...

October 22, 2021 No Responses

Another Shell’s Tanker Joins Signal Maritime Pool

Signal Maritime, the Signal Group’s shipping arm, has taken commercial management of MT Silver London, the new Shell’s medium-range (MR) tanker, increasing the pool’s fleet size to 15. The addition of the energy major’s tonnage as well ...

October 21, 2021 No Responses

FRSC Unveils Body Cameras For Patrol Operations

The Corps Marshal, Federal Road Safety Corps (FRSC) Dr Boboye Oyeyemi, on Thursday, unveiled body cameras, operation monitoring and control platform, to improve the Corps’ field operations across the country. At the official inauguration in Abuja, Oyey...

October 21, 2021 No Responses

LADOL MD Joins UNCTAD, GIZ To Launch Handbook On Special Economic Zones In Africa

By ebosele@hotmail.com — The LADOL Free Zone Managing Director, Dr Amy Jadesimi has joined a high-level panel convened by the United Nations Conference on Trade and Development (UNCTAD) and GIZ (Deutsche Gesellschaft für Internationale Zusammenarb...

October 21, 2021 No Responses

NIMASA DG Rallies Support For Nigeria’s IMO Category C Reinstatement

By ebosele@hotmail.com — Ahead of the December International Maritime Organisation (IMO) Council Election, Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has called on the international maritime co...

October 21, 2021 No Responses

TotalEnergies Accused Of Downplaying Climate Risks

French oil company TotalEnergies knew at least 50 years ago about a link between burning fossil fuels and global warming, researchers have said. An article from 1971 in the company’s magazine, Total Information, mentioned partial melting of ice caps, res...

October 21, 2021 No Responses

AfDB, MTN Sign $0.5m Grant-Agreement

The African Development Bank (AfDB) has signed a grant agreement worth $500,000 dollars with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN, for a study on the economic, religious and social factors hampering access to finance by women...

October 20, 2021 No Responses

CSCS Board Renews Jalo-Waziri’s Appointment For Another Four Years

By Moses Ebosele, ebosele@hotmail.com — The Board of Directors, Central Securities Clearing System (CSCS) Plc has renewed the appointment of Mr Haruna Jalo-Waziri as the Managing Director/Chief Executive Officer. A...

October 19, 2021 No Responses

NPA Upgrades Control Tower

The management of the Nigerian Ports Authority (NPA) is poised to ensure optimal utilisation of its facilities across the nation’s seaports, Acting Managing Director, Mohammed Bello-Koko has said. He made this known in a statement on Monday ...