News Archives — Page 302 of 729

July 30, 2022 No Responses

FBN Holdings Declares N359.2b Gross Earnings, N56.5b Profit In Six Months

FBN Holdings Plc has announced its unaudited results for the half year ended June 30, 2022 with a gross earnings of N359.2 billion. In a statement on Friday, the company explained that the gross earnings indicated an increase of 22.4...

July 30, 2022 No Responses

Innoson Sues Imo Govt Over N2.5b Debt

Innoson Vehicle Manufacturing Company has filed a lawsuit against the Imo State Government over its failure to pay a N2.54 billion debt owed to the firm. Head, Corporate Communications, Innoson Vehicles, Cornel Osigwe, in a statement on Friday ...

July 30, 2022 No Responses

Acting Corps Marshal Warns FRSC Personnel Against Misconduct

The Acting Corps Marshal, Federal Road Safety Corps (FRSC), Mr Dauda Biu, has warned officers and men of the Corps against any form of misconduct in the discharge of their duties. Biu issued the warning in his inaugural virtual meeting...

July 30, 2022 No Responses

NIMASA Board Appoints Three Directors, Promotes 469 Others

The Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) has approved the appointment of three new Directors. A statement on Friday explained that the new directors are Mr Otonye Obom, Captain Sunday Umoren a...

July 30, 2022 No Responses

Unity Bank Posts N27.6b Gross Earnings In Six Months

Unity Bank Plc has announced a gross earnings of N27.6 billion for the first half of 2022 ended June 30. According to the result, the figure represented a growth of 17.09 per cent compared with N23.6 billion posted in the...

July 30, 2022 No Responses

Buhari Approves Lekki Deep Seaport For Commercial Operations

President Muhammadu Buhari has approved the designation of Lekki Deep Seaport as a Customs Port and Approved Wharf. This is contained in the official Twitter handle of the Nigerian Ports Authority (NPA) on Friday. It stated that the Managing Direct...

July 29, 2022 No Responses

FG Sets To Implement 5% Excise Duty On Telecom Services

Nigerians will soon start paying 12.5 per cent tax on telecommunications services as the Federal Government plans to implement a five per cent inclusive excise duty on telecommunications services in Nigeria. The Minister of Finance Budget and National Planni...

July 28, 2022 No Responses

Ministry Inaugurates Committee On Oil, Gas Investment Promotion

The Ministry of Petroleum Resources has inaugurated a committee on the Establishment of an Oil and Gas Investment Promotion Office to spur investment in the sector. Mr Kamoru Busari, Director overseeing the Office of the Permanent Secretary said that having...

July 28, 2022 No Responses

Sambo Appoints Dantsoho, Ex Onne Port Manager As Chief Of Staff

The Minister of Transportation, Mr Mu’azu Sambo has appointed former Onne Port Manager, Rivers State, Dr Abubakar Dantsoho, as his Chief of Staff. A statement issued on Thursday by Mr Eric Ojiekwe, Director of Press and Public Relations of the minis...

July 28, 2022 No Responses

FG Approves Additional N16b To Complete Kano-Katsina Expressway

The Federal Executive Council (FEC) on Wednesday approved an augmentation of N16 billion for the completion of the dualisation of the Kano-Katsina Expressway. Minister of Information and Culture, Alhaji Lai Mohammed, made this known while briefing Journa...

July 28, 2022 No Responses

CBN Issues National Licence To TAJBank

TAJBank Limited Nigeria’s leading non-interest bank has secured approval for nationwide banking operations from the Central Bank of Nigeria (CBN). The bank’s Managing Director, Mr Hamid Joda, made this known in a statement on Wednesday. Joda said tha...

July 28, 2022 No Responses

Kumuyi: Deeper Life Global Crusade Will Refocus Youths For Greater Accomplishments

The General Superintendent, Deeper Life Bible Church, Pastor Williams Kumuyi, has said that its six-day Global Crusade beginning on Thursday in Ikorodu, Lagos, will refocus youths for greater accomplishments. Kumuyi, a renowned Bible scholar, said this o...

July 28, 2022 No Responses

NIMASA Urges NLNG To Fly Nigerian Flag On Vessels

The Nigerian Maritime Administration and Safety Agency (NIMASA) have urged the Nigeria Liquefied Natural Gas (NLNG) to consider the Nigerian Flag as the first option for its vessels. The Director-General of NIMASA, Dr Bashir Jamoh, made the appeal in a...

July 28, 2022 No Responses

NEPZA, FIRS Agree To Adjust FTZs New Tax Administration Pact

The Nigeria Export Processing Zones Authority (NEPZA) and the Federal Inland Revenue Service (FIRS) have agreed to adjust some sections of the recently signed Memorandum of Understanding (MoU) on effective tax administration, to accommodate some salient concer...