News Archives — Page 226 of 726

March 16, 2023 No Responses

NPA Receives 12 Ships With Petroleum Products, Others At Lagos Ports

The Nigerian Ports Authority (NPA) on Wednesday said 12 ships conveying petroleum products and other goods were expected at Lagos ports from March 15 to March 23, 2023. NPA listed items on board as bulk sugar, frozen fish, general cargo,...

March 16, 2023 No Responses

Kia Reveals Electric Flagship SUV

Kia Corporation on Wednesday revealed full images of the exterior and interior design of the Kia EV9, its first three-row electric flagship Sports Utility Vehicle (SUV), which encapsulates bold styling and sophisticated elegance inside and out. The Kia EV9 rep...

March 15, 2023 No Responses

Air Peace: Sustaining Route Dominance

By Stanley Olisa It is incontrovertible that Nigeria’s aviation industry is laden with humongous challenges, ranging from forex crunch, fuel crisis, inadequate technical manpower, statutory bottlenecks, etc, making it tough for airlines to stay afloat and su...

March 15, 2023 No Responses

OPEC Raises Chinese Oil Demand Growth Forecast

The Organization of Petroleum Exporting Countries (OPEC) on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country’s COVID-19 curbs, although it left the global total steady, citing potential downside r...

March 15, 2023 No Responses

Stock Market Investors Lose N36b

Investors on the stock market of the Nigerian Exchange (NGX) lost N36 billion at the close of trading activities on Tuesday. Specifically, the equity capitalisation which opened at N30.391 trillion, lost N36 billion to close at N30.355 trillion, representing a...

March 15, 2023 No Responses

Lassa Fever Deaths Rise To 109 In One Month

The Nigeria Centre for Disease Control and Prevention (NCDC) has disclosed that 22 states of the federation recorded 109 deaths from Lassa Fever in January 2023. The NCDC via its official website on Tuesday said the infections were recorded in...

March 14, 2023 No Responses

Poultry Association Laments Rising Cost Of Eggs

The Poultry Association of Nigeria (PAN) has blamed the hike in the price of eggs on cash scarcity and the rising cost of raw materials. The News Agency of Nigeria (NAN) reports that the cost of a crate of eggs...

March 14, 2023 No Responses

DMO Re-Opens Auction For N360b FGN Bonds

The Debt Management Office (DMO) on Tuesday offered four Federal Government of Nigeria (FGN) Bonds valued at N360 billion for subscription through auction. According to the DMO, the first offer is a February 2028 FGN Bond valued at N90 billion...

March 14, 2023 No Responses

Okomu Oil Empowers Women On Waste To Wealth Initiatives

Okomu Oil Palm Plc has empowered not less than 70 women on how to turn waste to wealth as part of activities to mark the 2023 International Women’s Day. According to Okomu Oil Palm Plc, the two day skills acquisition...

March 14, 2023 No Responses

FG Takes Over Yobe Cargo Airport

The Federal Government has taken over the recently inaugurated Muhammadu Buhari International Cargo Airport, Damaturu, Gov. Mai Mala Buni of Yobe, disclosed on Monday. Speaking at the launch of a book titled: “Gov. Buni’s 1,500 projects” authored by Alha...

March 14, 2023 No Responses

Pfizer Stakes $43b On Seagen

Pfizer, the pharmaceutical giant, has entered a merger agreement with Seagan Inc., a global biotechnology company, for $43 billion or $229 per share. Seagan discovers, develops and commercialises cancer medicines. The companies expect to complete the merger in...

March 14, 2023 No Responses

Naira Loses Further To Dollar

Naira lost further to the dollar on Monday as it exchanged at N461.67 at the Investors’ and Exporters’ window. The rate represented a decrease of 0.04 per cent, compared to the N461.50 for which it exchanged to the dollar at...

March 14, 2023 No Responses

Shareholders Hold Investors Summit Thursday

All is now set for the 2023 Investors’ Summit organized by members of the Proactive Shareholders Association of Nigeria (PROSAN). Under the chairmanship of former chairman, NAHCO AVIANCE, Alhaji Sulaiman Yahyah, the event is scheduled to hold on Thursday, Ma...

March 13, 2023 No Responses

CBN To Banks: Comply With Supreme Court’s Judgement On Naira Notes

The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, CBN spokesperson in a statement said, “In compliance with the established tradition of obedience to court orders...