City BusinessNews, Author at City Business News

October 19, 2015 No Responses

Shareholders laud UBA’s Q3 results

CITING what they described as ‘favourable indices’, shareholders at the weekend commended the board, management and staff of UBA for the results attained in Q3. Speaking with CityBusiness News in Lagos, the shareholders emphasized the need for the bank to sustain...

September 15, 2015 No Responses

Ministry reviews employment at NIMASA

The Federal Ministry of Transport has commenced a review of employments, placements and promotions embarked upon by the Nigerian Maritime Administration and Safety Agency (NIMASA) since 2010. The committee, which is headed by the Ministry’s Director of Human...

September 14, 2015 No Responses

BVN hits 20 million

LESS than 47 days to the second deadline of October 31, 2015, the Biometric Verification Number (BVN) project has recorded 20-million mark. Meanwhile, three of the four major telecommunications giant- Etisalat, Airtel and MTN Nigeria have indicated interes...

September 14, 2015 No Responses

First Bank unveils new products for schools

New products aimed at supporting school operators and entrepreneurs has been unveiled by the management of First Bank of Nigeria Limited. According to the bank, the product are: FirstEdu Loan, Operational Vehicle Loan, Commercial Mortgage and Personal Loan a...

September 11, 2015 No Responses

New customs CG pledges to enhance capacity, generate more revenue

THE new Comptroller-General of Nigeria Customs Service (NCS) Col. Hameed Ibrahim Ali (Rtd) has pledged to undertake reforms and re-structuring as part of measures to enhance capacity and generate more revenue. The Comptroller-General stated this in Abu...

September 11, 2015 No Responses

NNPC lifts ban on 113 oil tankers

The Nigerian National Petroleum Corporation has lifted ban on 113 vessels from engaging in crude oil/gas loading activities. In a letter dated September 8, 2015 NNPC explained that President Muhammadu Buhari had approved the consideration of all incoming ships...

September 11, 2015 No Responses

Agents to shut down Lagos ports over restriction of trucks

The Association of Nigerian Licensed Customs Agents (ANLCA) has threatened to shut down Lagos ports over restriction order on movement of trucks within the metroplolis In a statement issued by the National Publicity Secretary of the association, Mr Kay...

September 10, 2015 No Responses

NNPC unveils agenda for new refineries

The Nigerian National Petroleum Corporation (NNPC) has unveiled agenda for new refineries as part of measures to enhance performance in the oil sector. Speaking with Journalists in Kaduna after inspecting Kaduna Refining and Petrochemical Company, the Group Ma...

September 9, 2015 No Responses

NIMASA Partners British Military On Capacity Building

The Nigerian Maritime Administration and Safety Agency (NIMASA) is to partner British Military in the area of capacity building. Receiving a delegation from the British Military Advisory and Training Team (BMATT) led by Commander Shaun Quinn of the Royal Nav...

September 8, 2015 No Responses

FBN Holdings Gets New Group Managing Director

Executive Director, South, First Bank of Nigeria Limited, Mr UK Eke is to replace Mr Bello Maccido as Group Managing Director of FBN Holdings Plc with effect from January 1, 2016. Maccido, pioneer Group Chief Executive Officer, FBN Holdings, is...

September 7, 2015 No Responses

NNPC to recover N1.5trillion over-deducted tax benefits from firms

THE Federal Government through the Nigerian National Petroleum Cooperation (NNPC) has announced plans to recover $7billion (N1.5trillion) in over-deducted tax benefits from joint venture partners on major capital projects. NNPC has also appointed an accounting...

September 7, 2015 No Responses

Lagos restricts trailer movement

WORRIED by the chaotic state of transportation within the metropolis, the Lagos State government has directed law enforcement agencies to impound trailers and long vehicles plying the metropolis at day time. The state government explained that the directiv...

September 4, 2015 No Responses

Lawyer drags new Customs CG to court

A lawyer based in Enugu, Ifeanyichukwu Okonkwo has filed a suit at the Federal High Court Umuahia, Abia state challenging the constitutionality of the appointment of Col. Hameed Ibrahim Ali (rtd) as the Comptroller-General of the Nigeria Customs Service by.....

September 4, 2015 No Responses

Oliseh, player condols Enyeama

UPER Eagles coach, Sunday Oliseh has condoles captain Vincent Enyeama over the death of his mother. He also used the opportunity to assure Nigerians that the team will excel in Tanxania as part of the 2017 Africa Nations Cup qualifier....