City BusinessNews, Author at City Business News

August 29, 2016 No Responses

Ezeh tasks judiciary on corruption cases

A former Director-General of the Bureau of Public Procurement (BPP), Engr. Emeka Ezeh has said that it is wrong to see everyone who serves in government as a thief, “because people go into government for different reasons”. He also...

August 29, 2016 No Responses

Moody’s, Augusto rate Heritage Bank high on strong capitalisation, asset quality

Two foremost rating agencies, Moody’s and Augusto & Co. recently affirmed that Heritage Bank’s capitalization remains sound in relation to its low asset risk model and has capacity to generate income from its core business and settle its obligation...

August 29, 2016 No Responses

NPA redeploys General Managers

The Managing Director of Nigerian Ports Authority (NPA) has redeployed 19 senior management staff including General Managers. Under the new arrangement, Mrs Akinbayo C. O. and Ephraim Okon who were Asst. General Managers Admin and Commercial respectively ar...

August 28, 2016 No Responses

FirstBank partners NBCC on MSME development

First Bank of Nigeria Limited is to partner the Nigerian-British Chamber of Commerce (NBCC) to jointly host a Micro, Small & Medium Size Enterprises (MSME) workshop with the theme: “Fundamentals of Building a Sustainable Business”. According to First...

August 28, 2016 No Responses

NIMASA clarifies position on Customs Board

The Nigerian Maritime Administration and Safety Agency (NIMASA) has dissociated itself from a report credicted to one of its staff, Mr Momoh Alhassan. Mr Alhassan who spoke at an event organised by the Nigerian Customs Service (NCS) to sensitise...

August 27, 2016 No Responses

Ford recalls 114,000 vehicles worldwide

Ford Motor Company said it was recalling about 91,000 vehicles worldwide to replace faulty fuel-pump parts that could potentially cause a car to stall without warning. Ford, in a statement also said it was recalling 23,150 Ford Escape Sports Utility...

August 27, 2016 No Responses

Paris world premiere for all-new Kia Rio

The all-new, fourth-generation Kia Rio will make its world premiere on 29 September in Paris, at the 2016 Mondial de l’Automobile. The Rio’s progressive new exterior and interior design was led by Kia’s design centers in Germany and California, in...

August 27, 2016 No Responses

Toyota begins RAV 4 production at Saint Petersburg

Production of the current generation Toyota RAV4 commenced on August 22, 2016 at Toyota plant in Saint Petersburg. The best-seller Toyota RAV4 became the second model to be produced at the Saint Petersburg plant together with the Toyota Camry, which...

August 27, 2016 No Responses

Volkswagen delivers 5.90 million vehicles in seven months

The Volkswagen Group grew deliveries in the first seven months of the year by 1.3 percent compared with the prior year. 5.90 million vehicles were handed over to customers worldwide from January to July. 787,300 vehicles were delivered in...

August 27, 2016 No Responses

Buhari approves governing boards for NPA, NIMASA

President Muhammadu Buhari has approved the composition of the Governing Boards of the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA). A statement issued by the Director (Press) in the office of the Secretary...

August 27, 2016 No Responses

Super Falcons maintains position as Africa’s best in FIFA ranking

Nigeria’s female foot ball team, Super Falcons retain position as the best within the Africa continent in the new FIFA ranking released on its website on Friday. However, the seven-time Africa Women’s Cup of Nations Winners remained at number...

August 26, 2016 No Responses

Skye Bank, Fidelity, FBN, others sustain sliding profile

For the second day, investors on the floor of the Nigerian Stock Exchange (NSE) have continued to dump the shares of Banks suspended from participating in Foreign Exchange (Forex) transactions by the Central Bank of Nigeria (CBN). The restriction...

August 26, 2016 No Responses

UBA proposes 20 kobo interim dividend for half year

United Bank for Africa Plc (UBA) has announced its audited 2016 Half Year Financial Results for the period ended 30 June 2016, showing the bank recorded gross earnings of N166 billion, net operating income of N109 billion and profit before...

August 26, 2016 No Responses

‘Heritage Bank did not conceal NPA’s N11.2Billion’

An investor of Heritage Bank has absolved the Bank of any involvement in the alleged concealment of N11.2 Billion belonging to the Nigerian Ports Authority (NPA). The source who preferred to remain anonymous on Thursday described the allegation as false,...