City BusinessNews, Author at City Business News

July 27, 2015 No Responses

Ports must operate daily including weekends and public holidays, says STOAN

Ports are essential services obligated to remain open at all times including weekends and public holidays, says the Seaport Terminal Operators Association of Nigeria STOAN. In a statement issued at the weekend by its spokesperson, Bolaji Akinola, STOAN said ...

July 27, 2015 No Responses

Diamond Bank revenue hits N103b in six months

The revenue of Diamond Bank Plc for the first six months of this year increased by six per cent to N103billion from N96.8billion recorded during the corresponding period in 2014. The bank’s unaudited half-year result released to the Nigerian Stock...

July 27, 2015 No Responses

NRC flags off Kano – Port Hacourt trains services

The Nigerian Railway Corporation (NRC) has flagged- off Kano- Port- Harcourt Inter City Train Service to facilitate transportation of goods from the Northern part of the country to the South South. Speaking at the flag- off ceremony in Kano, the...

July 22, 2015 No Responses

Obi takes over as acting NIMASA DG

Barrister Calistus Nwabueze Obi has taken over as the Acting Director General/Chief Executive Officer of the Nigerian Maritime Administration and Safety Agency (NIMASA) following the handing over by Dr. Ziakede Patrick Akpobolokemi as directed by the Federal G...

July 22, 2015 No Responses

Why Innoson sued GTBank for N30 billion

What would make a company sue another for N30 billion? That was the question on the lips of many when the news recently broke that four companies under the Innoson Group, including Nigeria’s first indigenous automobile manufacturing company (Innoson Vehicle....

July 22, 2015 No Responses

FirstBank partners Digital Africa Global on exhibition

FIRST Bank of Nigeria Limited partnered Digital Africa Global Consult Limited to host the 3rd Digital Africa Conference & Exhibition. The event, which commenced yesterday and scheduled to end tomorrow, is titled: “Expanding Africa’s Capacity for Digita...

July 22, 2015 No Responses

PENGASSAN disagrees with El-Rufai’s clamour for disbanding of NNPC

THE Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has faulted call by the Kaduna State Governor, Mallam Nasir El-Rufai, for the scrapping of the Nigerian National Petroleum Corporation (NNPC). Reacting to the Governor’s comment ...

July 22, 2015 No Responses

NLNG train 7 targets 2018

BARRING any last minutes change of plans, the Nigerian Liquefied Natural Gas (NLNG) train 7 may come on stream in 2018. The NLNG is jointly owned by the Nigeria National Petroleum Corporation (NNPC), 49 per cent, Shell (25.6 per cent),...

July 22, 2015 No Responses

Intels redeems N1b commitment to East-West road repair project

INTEGRATED Logistics Limited Company (Intels) has fully paid up its contribution of one billion Naira (N1,000,000,000), being part of the three billion Naira (N3,000,000,000) needed for the repair of the collapsed six kilometre portion of the East/West road in...

July 22, 2015 No Responses

Shareholders fault LCCI on Bank debtors, tackles GTBank board

AS controversy continues to trail the Central Bank of Nigeria (CBN) directives to banks to publish names of all debtors on or before August 1, 3015, members of Proactive Shareholders Association of Nigeria (PROSAN) have thrown their weight behind the...