City BusinessNews, Author at City Business News

November 9, 2015 No Responses

‘Nigeria to find oil in Chad basin soon’

Nigeria is on the verge of discovering significant quantity of oil in the Lake Chad area, North-East Nigeria, the Nigerian National Petroleum Corporation (NNPC) has said. In a statement, NNPC explained that it was projecting the inflow of $20 billion...

November 9, 2015 No Responses

World Exchanges approves sustainability policies

November 8, 2015 No Responses

Man Utd 2-0 West Brom: Jesse Lingard and Juan Mata earn hosts win

Jesse Lingard’s fine strike and Juan Mata’s penalty earned Manchester United a 2-0 victory at home to West Brom in the Premier League on Saturday. United academy graduate Lingard struck superbly from 20 yards – his first senior goal for...

November 8, 2015 No Responses

Stoke 1-0 Chelsea: Marko Arnautovic condemns Blues to seventh defeat as Jose Mourinho banned

Chelsea’s struggles continued as Marko Arnautovic’s second-half volley earned Stoke City a 1-0 victory over the reigning champions on Saturday Night Football. Manager Jose Mourinho was not at the Britannia Stadium due to his one-match stadium ban b...

November 6, 2015 No Responses

NCC to issue new telecom licence in 2016

THE Nigerian Communications Commission (NCC) is to issue new telecom spectrum licences in 2016 as part of measures to create improved infrastructure in all the 36 states in the country. Acting executive vice chairman, NCC, Prof Umar Danbatta, explained...

November 6, 2015 No Responses

Customs generates N1.5b daily

NOT less than N1.5billion is generated by the Nigeria Customs Service (NCS), the Comptroller-General, Col. Hameed Ali (rtd.), has disclosed. Ali stated this on Thursday when he paid a courtesy visit to the Chief of Naval Staff (CNS), Vice Admiral...

November 5, 2015 No Responses

Samuel Eto’o brings health promotion messages to West Africa

A FIFA delegation led by FIFA Chief Medical Officer Prof. Jiří Dvořák and supported by Cameroonian superstar Samuel Eto’o has just completed a visit to Sierra Leone and Ghana to experience first-hand the progress of FIFA’s health campaigns. One...

November 5, 2015 No Responses

Court restrains FRC

The Federal High Court sitting in Lagos has restrained the Financial Reporting Council of Nigeria (FRCN) from interfering with the operations of Stanbic IBTC Holdings (SIBTCH), Plc. The court order came two days after the Central Bank of Nigeria (CBN)...

November 5, 2015 No Responses

MTN seeks review of $5.2b fine by 80%

MTN Group Limited in South Africa has appealed to the Nigerian Communications Communications (NCC) to review downward the $5.2 billion fine by 80 per cent. Bloomberg reported that the head of research of Renaissance Capital (RenCap) in Nigeria, Mr. Adesoji...

November 5, 2015 No Responses

FG approves N413b for Oil Marketers

The Federal Government has approved the payment of N413 billion to petroleum products marketers being the outstanding payment for subsidy claims. In a statement, the Nigerian National Petroleum Corporation (NNPC) explained that it has also injected additional ...

November 4, 2015 No Responses

VW gets 7-day ultimatum

The Consumer Protection Council (CPC) has issued a seven-day ultimatum to Volkswagen Nigeria to provide information on the status of its vehicles in relation to the emissions cheating software, which has allegedly affected 11 million cars worldwide. In a lette...

November 4, 2015 No Responses

CBN clears Stanbic IBTC

REQUEST by the Financial Reporting Council of Nigeria (FRCN) to takes disciplinary action against Stanbic IBTC Holding Company Plc (SIBTCH) has been rejected by the Central Bank of Nigeria (CBN). According to CBN, FRCN did not follow due process in...

November 4, 2015 No Responses

NSE may sanction Oando

The Nigerian Stock Exchange (NSE) may sanction Oando Plc over alleged delayed filing of its Audited Financial Statements (AFS) for the year ended December 31, 2014, its first quarter and half year. Already, Oando has been sanctioned for violations of...

November 3, 2015 No Responses

‘New Lifting Terms Will Abolish Hawking of Crude Oil’

THE management of Nigerian National Petroleum Corporation (NNPC) has explained that new measures put in place to select new off-takers of Nigeria’s crude oil grades will eliminate ‘hawking’. The Corporation, which received 278 bids from indigenou...