News Archives — Page 247 of 735

February 4, 2023 No Responses

G7, EU Announce Price Cap On Russian Diesel

The Group of Seven (G7) industrialized countries, the European Union and Australia agreed to limit the price of Russian diesel on Friday. The new price cap focuses on refined oil products, following up from a previous price cap on Russian...

February 4, 2023 No Responses

NPA To Receive 22 Ships At Lagos Ports

The Nigerian Ports Authority (NPA) on Friday disclosed that out of the 22 ships expected to arrive at the Lagos Port Complex, one was carrying petrol. According to NPA, the remaining 21 ships expected to arrive at the ports were...

February 4, 2023 No Responses

CNG Declares 2023 Multinational Maritime Exercise Successful

The Chief Of Naval Staff (CNS), Vice Adm. Awwal Gambo, on Friday said the 2023 multinational maritime exercise in the Gulf of Guinea, codenamed ‘Obangame Express’, was a huge success. Gambo said this during the review of the exercise at...

February 3, 2023 No Responses

Geregu Power Declares 50.5% Drop In Profit

Geregu Power Plc has reported 50.5 per cent decline in profit as revenue dropped and earnings impaired negatively. The company, listed on the NGX last year reported N10.17billion profit in 2022 as against N20.55billion in 2021, while profit ...

February 3, 2023 No Responses

Price Cap On Russian Refined Fuels To Disrupt Trade

The European Union’s ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it takes effect on Sunday and could hurt Moscow more than an embargo on crude oil. Although Western sanctions...

February 3, 2023 No Responses

FRSC Promotes 3,628, Appoints Two DCMs

The Federal Road Safety Corps (FRSC) has announced the promotion of 3, 628 marshals and appointment of two Deputy Corps Marshals (DCMs). A statement issued on Thursday by the Corps Public Education Officer, Assistant Corps Marshal, Bisi Kazeem...

February 3, 2023 No Responses

Air Peace Introduces Abuja-Banjul, -Dakar Connections, Plans Maiduguri, Jos Operations

Air Peace has announced the addition of Abuja-Banjul and Abuja-Dakar connections to its regional network of seven West African cities. A statement sent to City Business News explained that the airline has also kicked off plans to launch flight oper...

February 3, 2023 No Responses

IFC Partners Union Bank ON Trade, SMEs

To boost access to finance for smaller businesses in Nigeria and to support increased trade, IFC has announced a partnership with Union Bank of Nigeria Plc as part of measures to help the bank expand lending to hundreds of businesses...

February 3, 2023 No Responses

Fidelity Bank CEO, Nneka Onyeali-Ikpe Bags Banker Of The Year Award

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has been presented the award of the Banker of the Year 2022 at the 14th Leadership Annual Conference and Awards. Organized by Leadership Media Group, publishers of...

February 2, 2023 No Responses

Buhari Inaugurates MOFI Board, FG Targets N100trillion

President Muhammadu Buhari has charged the Ministry of Finance Incorporated (MOFI) to grow its Assets Under Management from the current value of N18 trillion to at least N100 trillion in the next 10 years. The president gave the charge at...

February 2, 2023 No Responses

Buhari Congratulates Siene Allwell-Brown At 70

President Muhammadu Buhari says he shares in the joy of celebrations as seasoned broadcaster, Siene Allwell-Brown, clocks 70, exuding the same poise, confidence and talent that made her a household name in the 70s and 80s. The president, in a...

February 2, 2023 No Responses

FEC Approves N4b For Construction Of Senate Buildings, Radio Antenna

The Federal Executive Council (FEC) has approved about N4 billion for the execution of three projects across the nation. The amount would cover the construction of Senate Buildings in Osun State University, Osogbo, and Federal University, Lokoja, as well...

February 1, 2023 No Responses

Lagos Unveils Mobile Learning Devices

The Lagos State Government has described its Unified Scheme of Work and launch of Mobile learning devices/E-Books for secondary school students as ground-breaking and designed to revolutionise teaching and learning in schools in the State. Gov. Bab...