CBN Advert

newscorner

Business news

Month: February 2024

Basil Agboarumi Completes Tenure As SAHCO MD, Hands Over To Adenike Aboderin

The Board of the Skyway Aviation Handling Company (SAHCO) PLC, has confirmed the appointment of Mrs. Adenike  Aboderin as Managing Director/Chief Executive Officer with effect from the 1st of February 2024. A statement signed by the Head, Corporate Communications, SAHCO PLC, Mrs. Adetola Vanessa, explained that Aboderin who is taking over from Mr. Basil Agboarumi due to […]

Cost Of Healthy Diet Highest In South-West In December 2023 – NBS

The average Cost of a Healthy Diet (CoHD) was highest in the South-west zone at N979 per day in December 2023, the National Bureau of Statistics (NBS) has said. The statistics office in its report titled “Cost of a Healthy Diet December 2023” published on Wednesday, said the National average CoHD was N786 per adult […]

Meta Boss Mark Zuckerberg Apologises To Families In Fiery US Senate Hearing

Meta CEO Mark Zuckerberg has apologised to families who say their children had been harmed by social media, during a fiery hearing in the US Senate. Mr Zuckerberg – who runs Instagram and Facebook – turned to them and said “no one should go through” what they had. He and the bosses of TikTok, Snap, […]

N683bn Grant: State Varsities Protest Reps Directive On TETFund

The Committee of Pro-Chancellors of State-Owned Universities (COPSUN) has protested against the decision of the House of Representatives Committee on Tertiary Education Trust Fund (TETFund) to stop the implementation of the 2024 TETFund intervention in State Universities. The organization therefore called on the House of Representatives Committee on TETFund to rescind the directive and allow […]

Otedola Appointed Board Chairman of FBN Holdings

Nigerian billionaire investor Femi Otedola has been appointed chairman of the board of directors of FBN Holdings Otedola was elected Chairman of the board after a meeting of the board of directors held on Jan 31st. He succeeds Alhaji Ahmad Abdullahi who was appointed board chair on the 17th of December 2021. Otedola takes over […]

No Going Back On FAAN Relocation To Lagos, N500m Will Be Saved Annually — Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, says there is no going back on the relocation of the headquarters of the Federal Airports Authority of Nigeria (FAAN) from Abuja to Lagos. “We are going ahead. The directive has been given,” the minister said matter-of-factly on Channels Television’s Politics Today programme on Wednesday. Senator […]

Senate Summons CBN Chief Cardoso Over Naira Free Fall

The Senate’s Committee on Banking, Insurance, and other Financial Institutions has summoned the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to appear before Committee next Tuesday.   The move comes amid pressing concerns about the state of the economy and the sharp decline of the naira in the foreign exchange market. With the […]

Illegal Importation Of Medical Syringes May Kill Local Pharmaceutical Industries — NAFDAC

Winifred Bosa The National Agency for Food and Drug Administration and Control NAFDAC has admonished members of the Association of Nigerian Licensed Customs Agents (ANLCA) to think more of the interest of the country over and above personal gains in their activities as clearing agents at the nations ports. The Director General, Prof. Mojisola Adeyeye […]

Cadbury Nigeria records 4228% increase in operating profit

…Wins Top Employer in Nigeria Award Following the approval of the unaudited financial statements of Cadbury Nigeria Plc by the Board of Directors, the Company has announced an operating profit of N8,397billion for the full year ended 31 December 2023. This represents an increase of 4228 percent over the N194million it recorded in the same […]

1 … 9 10 11