City BusinessNews, Author at City Business News

August 17, 2016 No Responses

NNPC faults alleged NPA’s N5Billion debt

By Moses Ebosele – The Nigerian National Petroleum Corporation (NNPC) has blamed its agent, Daddo Maritime for the alleged N5 Billion debt the Corporation is owing the Nigerian Ports Authority (NPA). In a chat with City BusinessNews (www.citybusinessnews.com)...

August 17, 2016 No Responses

CBN increases BDCs weekly sales to $50,000

The Central Bank of Nigeria (CBN) has increased the amount of foreign exchange that Bureaux De Change (BDCs) can access from $30,000 to $50, 000 per week. Speaking in Abuja on Tuesday, Directors of CBN and some Managing Directors of...

August 17, 2016 No Responses

NDIC tasks Jaiz Bank on Corporate Governance

By Bademi Johnson – To successfully tackle various challenges facing Nigeria’s banking Industry, the management of Jaiz Bank Plc has been advised to strengthen its corporate governance mechanism. The Managing Director/Chief Executive Officer of Nig...

August 17, 2016 No Responses

Customs drag firm to court over alleged illegal importation, others

The Nigeria Customs Service, Federal Operations Unit has charged Mr Roland Uche Ogbonna, Managing Director of Elgusto Classic International before Hon. Justice Abdulazeez Anka of Federal High Court, Ikoyi, on three counts charge of illegal importation ...

August 17, 2016 No Responses

‘Creative industry can generate one million jobs”

By Moses Ebosele – The creative industry in Nigeria is capable of creating one million jobs in the next three years if properly harnessed, Minister of information and Cukture, Alhaji Lai Mohammed has said. The creative industry encompasses television...

August 17, 2016 No Responses

Amaechi extols late Ojo Maduekwe’s virtues

The Minister of Transportation, Chibuike Rotimi Amaechi has extolled the virtues of the former Minster of Transport, Late Chief Ojo Maduekwe describing him as a great Administrator, Pan – Africanist and a shining Star in the nation’s political fi...

August 17, 2016 No Responses

Havelange, former FIFA President dies at 100

(AP) — Joao Havelange, who as president of FIFA for two decades transformed soccer’s governing body into a multibillion-dollar business and a hotbed for subsequent corruption that damaged its reputation, has died. He was 100. Havelange, who was suffering f...

August 16, 2016 No Responses

Customs generates N385.7 Billion in six months

Between January and June this year, the Nigeria Customs Service (NCS) generated N385.7 Billion. NCS had within same period in 2015 generated N438.7 Billion. Public Relations Officer (PRO) of NCS, Wale Adeniyi, disclosed this to the News Agency of...

August 16, 2016 No Responses

Union Bank declares N8.7B profit in six months

For the first six months of this year, Union Bank of Nigeria Plc recorded profit after tax of N8.7 Billion compared with N6.3 Billion within same period in 2015. According to the Bank, total assets also increased from N1.046...

August 16, 2016 No Responses

Miners to get licence within 40 days

The Federal Government has put all necessary measures in place to ensure prospective miners secure necessary licenses within 40 days. Speaking in Abuja, Director General, Mining Cadastral Office, Mr. Ibrahim Amate, said there is a new vigour at the...

August 16, 2016 No Responses

NSC to partner NITT on capacity development

The Nigerian Shippers’ Council (NSC) is to partner Nigeria Institute of Transport Technology (NITT) in the area of effective training and capacity development of its personnel. Speaking in Lagos when he received officials of NITT led by its Director...

August 16, 2016 No Responses

Firm seeks support for NB’s golden pen award

As the deadline for the submission of entries for the 2016 edition of the Nigerian Breweries’ Golden Pen Awards closes on Friday, 19th August, 2016, the management of Thisday Newspaper has commended the initiative aimed at rewarding media excellence. Speakin...

August 16, 2016 No Responses

Court stops PDP convention

A Federal High Court in Abuja has suspended the national convention of the Peoples Democratic Party (PDP) slated for August 17, 2016 in Port Harcourt. Justice Okon Abang said he gave the ruling to serve as a “judicial deterrent” for what...

August 15, 2016 No Responses

NLNG explains reviewed wage scale for seafarers

By Moses Ebosele – Contrary to some media reports, there is no strike by Seafarers or any other employees within Nigeria Liquefied Natural Gas (NLNG) and its subsidiaries. NLNG in a statement on Sunday also explained that the...