Nigeria Archives — Page 331 of 675

March 25, 2020 No Responses

Ekiti Seals N3.5b Agric MoU With Dutch Firm

Ekiti State Governor, Dr Kayode Fayemi has restated his administration’s resolve to use the agric sector as a platform for the diversification of the state’s economy, in view of the hard times that may arise as a result of the...

March 25, 2020 No Responses

Fidelity Bank Explains N30.4b PBT In 2019

For the 2019 financial year, Fidelity Bank Plc has declared Gross Earnings of delivered Gross Earnings of N215.5billion, indicating 14.0% more than N189.0billion recorded in 2018, whilst Profit before tax rose by 21.0% to N30.4bn compared with N25.1bn re...

March 23, 2020 No Responses

NIMASA Boss Implores Nigerians On Business Opportunities In Maritime Industry

The Nigerian Maritime Administration and Safety Agency (NIMASA) has advised Nigerians to get involved in vast Small and Medium Enterprises (SMEs) businesses in Nigerian maritime industry. The Director-General of NIMASA, Dr Bashir Jamoh, gave the advice in Enug...

March 23, 2020 No Responses

BUA Acquires Majority Stake In Construction Firm

BUA Group has acquired majority shareholding in P.W. Nigeria Ltd., one of Nigeria’s largest construction, engineering and mining companies. Executive Chairman of BUA Group, Abdul Samad Rabiu explained in a statement on Sunday that the acquisition was necessa...

March 23, 2020 No Responses

Eko Hotels Shuts Down

THE management of Eko Hotels and Suites, Lagos State on Sunday shut down activities. The management of the five-star facility explained in a statement that it was temporarily shutting down some sections until the coronavirus pandemic disease is put under...

March 23, 2020 No Responses

Coronavirus: We’re Not Shutting Down Operations – Union Bank

The Union Bank of Nigeria Plc, on Sunday, denied social media report that it would shut down its daily operations, beginning from March 23 due to the Coronavirus pandemic. The Head, Corporate Communication and Marketing of the bank, Ogochukwu Ekezie-Ekaidem,.....

March 22, 2020 No Responses

Bankers’ Committee Back CBN’s N3.5 trillion Stimulus Package

As the country continues to record new cases of corona virus, the Central Bank of Nigeria (CBN) and the Bankers’ Committee rose from an extra-ordinary meeting held in Lagos on Saturday, March 21, 2020, with the pledge to grant funding...

March 21, 2020 No Responses

Nigeria Devalues Currency, Explains Uniform Exchange Rate

The Central Bank of Nigeria (CBN) on Friday devalued the naira to N380 to a dollar and adopted a unified exchange rate. Under the arrangement, the apex Bank pushed the official rate of the naira to N376 to dollar for...

March 21, 2020 No Responses

Women Farmers Seek Land Use Act Review

Women farmers under the auspices of Smallholder Women Farmers Organisation in Nigeria(SWOFON) have called for review of the Land Use Act as part of measures to adequately protect their rights to own and control land. The President of the association,...

March 20, 2020 No Responses

NPA: Our Charges Not Highest In West Africa

By citybusinessnews@yahoo.com — The Nigerian Ports Authority (NPA) on Thursday reiterated that apart from towage dues, which were reviewed to cover the cost of providing the service in 2015, tariffs have remained the same since 1993. Accordin...

March 19, 2020 No Responses

Nigeria Suspends Recruitment

As part of measures to address the impacts of Coronavirus on Nigerian economy, the Federal Executive Council (FEC) on Wednesday approved reduction in the size of the 2020 budget by about N1.5 trillion The Minister of Finance, Budget and National...

March 19, 2020 No Responses

Lagos To Shut Down Schools On Monday

The Lagos State Government is closing down all public and private schools from Monday March 23, 2020 as part of preventive measures against the spread of the Coronavirus pandemic. The state Commissioner for Education, Mrs Folashade Adefisayo, explained in a...

March 18, 2020 No Responses

Nigeria Reviews Oil And Gas Free Zones Authority Act

The Nigerian Government on Tuesday in Abuja commenced review of the Act establishing Oil and Gas Free Zones Authority (OGFZA). According to the Government, the review is to remove ambiguities and enhance effectiveness in the sector. The Minister of Industry,.....

March 18, 2020 No Responses

Akinwuntan: Ecobank Xpress Save And Xpress Loan Is Designed To Stimulate Micro Savings In The economy

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan said the Ecobank Xpress Save and Xpress Loan is a digital product designed to stimulate micro savings in the economy. According to the bank Managing Director, this innovative product is par...