City BusinessNews, Author at City Business News

October 25, 2016 No Responses

Zenith Bank records N380b gross earnings in Q3

Despite ongoing economic challenges, Zenith Bank Plc recorded N380 Billion gross earnings for Third Quarter ended September 30, 2016, up by 13 per cent when compared to same period in 2015. Also the group’s Profit After Tax (PAT) increased...

October 25, 2016 No Responses

NPA to restructure Ikorodu Lighter Terminal for Agric Export

The Nigerian Ports Authority (NPA) is to restructure Ikorodu Lighter Terminal as part of measures to ensure its effective utilization. Inspecting operations at the Terminal, NPA’s Board chairman, Emmanuel Adesoye, described the facility as a “Gold ...

October 25, 2016 No Responses

‘Imported commercial vehicles must be fitted with speed limiter from January 2017’

Come January 1, 2017, all commercial vehicles coming into the country must be fitted with speed limiter, the Corps Marshal of the Federal Road Safety Corps (FRSC), Boboye Oyeyemi, has said. Mr. Oyeyemi stated this in Kaduna on Monday...

October 25, 2016 No Responses

FCMB explains late filling of Q3 accounts

The First City Monument Bank (FCMB) Group Plc is to release its nine months ended 30 September 2016 (3Q16) accounts before the end of November, this year. In a notice to the Nigerian Stock Exchange (NSE), the Bank said:...

October 25, 2016 No Responses

Court to hear N2.4 billion suit against Innosson on November 25

(NAN) A Federal High Court in Lagos on Monday fixed November 25 to hear a N2.4 billion suit filed against Innosson Nig. Ltd over alleged falsification of shipping documents. Charged alongside Innosson Nig. Ltd are Innocent Chukwuma, Charles Chukwu, Maximian...

October 25, 2016 No Responses

UBA Wins Finacle Client Innovation Awards

United Bank for Africa has continued to receive accolades and global recognition for its commitment to the use of cutting-edge technology to provide simple and convenient banking solutions and services to its customers. The pan African banking Group was ...

October 25, 2016 No Responses

NSE gets most innovative Stock Exchange in Africa

The Nigerian Stock Exchange (NSE) has emerged the Most Innovative Stock Exchange in Africa 2016. This award was presented to NSE by The Business Year Magazine. The Business Year Magazine Awards according to a statement issued by NSE...

October 25, 2016 No Responses

NSE Photo News

L – R, Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Buki Abu, ETF Product Manager, NSE; Oyelade Eigbe, Head of Investments, Vetiva Fund Managers Limited; Damilola Ajayi, Managing Director/CEO, V...

October 24, 2016 No Responses

CBN canvasses support for 2000-hectare Coscharis rice farm

As part of measures to sustain ongoing diversification into agriculture, the Central Bank of Nigeria (CBN) is to fund the rice milling plant for the 2000-hectare Coscharis Farm located at Anaku, in Anambra State. CBN Governor, Godwin Emefiele, who made...

October 24, 2016 No Responses

Wema Bank declares N37.89b gross earnings in Q3

For the third quarter ended September 30, 2016, Wema Bank Plc has declared N37.8Billion gross earnings, indicating 16.36 per cent growth over N32.57Billion recorded same period in 2015. According to the Bank, the nine-month figure was driven by a...

October 24, 2016 No Responses

NLC faults alleged violence against workers in Ogun

The Nigeria Labour Congress (NLC) has accused the Ogun State Government of instigating alleged violence against workers in the State. In a statement issued at the weekend, NLC condemned the non-payment of salaries in Ogun, adding that the State...

October 24, 2016 No Responses

NJC bars judges from accepting gifts

The National Judicial Council (NJC) has barred Judges and other Judicial officers from accepting gifts. NJC has also outlined new measures to curb corruption and other unethical conduct among judicial officers and other court staff. The measures form part.....

October 24, 2016 No Responses

Denmark to Initiate Study on Unmanned Ships

The Danish Maritime Authority (DMA) has taken a step toward the masterless ships as it is launching a pre-study on autonomous ships together with the Technical University of Denmark (DTU). The cooperation between the parties has an aim to increase the commo...

October 24, 2016 No Responses

NLC Photo News

L – R, Nikhil Rathi, Chief Executive Officer, London Stock Exchange (LSE); Chinelo Anohu-Amazu, Director General, National Pension Commission (PENCOM); Greg Hands, UK Minister for International Trade; Kemi Adeosun, Nigeria’s Minister of Finance; Bukar Ky...