Author: City BusinessNews

Nigerians mourn Olorogun Michael Ibru
September 7, 2016 No Responses

Nigerians mourn Olorogun Michael Ibru

Tributes have continued to pour in for Olorogun Michael Ibru, the patriarch of the Ibru family and chairman of the Ibru organization, who died in the United States of America at the age of 86 years.   An economist, Dr...
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Aruna gets improved ranking in Africa
September 7, 2016 No Responses

Aruna gets improved ranking in Africa

Similar to his record as the first African to make the top 30 in the world, Rio Olympic Games quarterfinalist, Nigeria’s Aruna Quadri has inscribed his name in the annals of history in the continent after leaping to 25th in...
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NSE unveils 2016 essay competition
September 7, 2016 No Responses

NSE unveils 2016 essay competition

The Nigerian Stock Exchange (NSE) has announced the commencement of its 2016 edition of essay competition for students in Senior Secondary Schools in all states of the federation.  The topic for this year’s edition is “What is the biggest obstacle...
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Customs FOU impounds N250 M contrabands in two months
September 7, 2016 No Responses

Customs FOU impounds N250 M contrabands in two months

The Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone ‘A’ Ikeja  Lagos within the period of July-August 2016 intensified its  anti-smuggling operations by intercepting various contrabands with a  duty paid value (DPV) of 186,911,500.00 ...
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NLNG decries proposed agenda to repeal enabling Act
September 6, 2016 No Responses

NLNG decries proposed agenda to repeal enabling Act

The Nigeria Liquefied Natural Gas Limited (NLNG) has decried efforts by the legislature to repeal its enabling Act.   Managing Director of NLNG, Mr Tony Attah, who led management team of the company on a courtesy visit to the Minister of...
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Ghana scraps Terminal Handling Charges at Seaports
September 6, 2016 No Responses

Ghana scraps Terminal Handling Charges at Seaports

The Ghanian Ministry of Transport has directed that Terminal Handling Charges (THC) should not be charged by any body as local charge at any of the country’s ports.  This followed an investigation into the introduction of the Charges by shipping...
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First Bank appoints Alebiosu as Chief Risk Officer
September 6, 2016 No Responses

First Bank appoints Alebiosu as Chief Risk Officer

First Bank of Nigeria Limited has announced the appointment of Mr. Olusegun Alebiosu as its new Chief Risk Officer (CRO).   Prior to this appointment, Olusegun was the Chief Risk Officer of Coronation Merchant Bank.  Mr. Alebiosu’s appointment, which is...
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Wema Bank reopens Minna Branch
September 6, 2016 No Responses

Wema Bank reopens Minna Branch

Wema Bank Plc has continued its expansion plan with the reopening of its branch in Minna, Niger State.   Located at  35 Bosso Road, Minna, this  comes barely a year after the bank obtained a national banking licence from the...
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NNPC denies plan to increase fuel price
September 6, 2016 No Responses

NNPC denies plan to increase fuel price

The Nigerian National Petroleum Corporation (NNPC) has denied reported plan by the Federal Government to increase fuel price as untrue.   . The NNPC Group Managing Director (GMD), Maikanti Baru, told the State House correspondents  after  meeting with Presi...
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LCCI holds 2016 members day exhibition
September 6, 2016 No Responses

LCCI holds 2016 members day exhibition

The Lagos Chamber of Commerce and Industry (LCCI) has concluded plans to  hold its 2016 Members’ Day exhibition and networking event with the theme “Increasing the Visibility of Members”.   The event is an opportunity for all members of the...
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ILO seeks support for commitment of G20 to tackle inequality
September 6, 2016 No Responses

ILO seeks support for commitment of G20 to tackle inequality

 The Director General of International Labour Organisation (ILO), Guy Ryder has urged leaders to accelerate inclusive development to respond to growing employment and equality challenges.    He also welcomed the commitment taken by G20 leaders to tackle ris...
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WFE reiterates partnership with IOSCO, G20 nations
September 6, 2016 No Responses

WFE reiterates partnership with IOSCO, G20 nations

The World Federation of Exchanges (WFE) has called for common approach to issues among International Organisation of Securities Commission (IOSCO) and G20 nations.   Reacting to the European Securities and Markets Authority’s (ESMA) Discussion Paper on Dist...
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‘INNOSON operation is on, plant not shut’
September 5, 2016 No Responses

‘INNOSON operation is on, plant not shut’

Innoson Vehicle Manufacturing Company Limited (IVM), is still producing vehicles with full complement of its workers, and has not shut the plant in Nnewi as reported recently in some sections of the media. This  was contained in a statement issued...
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First Nation resumes September 15
September 5, 2016 No Responses

First Nation resumes September 15

Barely one week after suspending its operations, FirstNation Airways is to resume onSeptember 15, 2016.    In a statement, FirstNation’s Head of Corporate Affairs, Rasheed Yusuf explained that the airline suspended operations to carry out routine maintenan...
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