City BusinessNews, Author at City Business News

August 5, 2016 No Responses

FG blacklist firm for allegedly diverting explosives

For allegedly diverting explosives, the Federal Government has blacklisted the Nigerian Development and Construction Company (NDCC), an importer and seller of explosives in Koko, Delta State. The Minister of Solid Minerals Development, Kayode Fayemi, in a statement said the...

August 5, 2016 No Responses

Minister congratulates football team for their victory over Japan

By Moses Ebosele – The Honourable Minister of Youth and Sports, Barrister Solomon Dalung has congratulated the National U-23 football team for their outstanding 5-4 victory over Japan in their opening Group B game. Dalung said “The Dream ...

August 4, 2016 No Responses

Dangote Cement opts for coal, revenue hits N292.2 billion

By Moses Ebosele – Come September this year (2016), Dangote Cement will commence use of coal as part of measures to tackle challenges associated with shortage of gas supply. Briefing the Nigeria Stock Exchange (NSE) on Wednesday in Lagos,...

August 4, 2016 No Responses

FG approves Badagry Seaport

The Federal Ececutive Council (FEC) on Wednesday approved the construction of $2.6 Billion Badagry SeaPort in Lagos State. The private sector project will be constructed over a period of five years. Briefing Journalists after the meeting, Minister of infor...

August 4, 2016 No Responses

First Bank reiterates support for customers

By Moses Ebosele – First Bank of Nigeria Limited has reiterated its resolve to strengthen its commitment to provide best financial solutions for customers. The Bank in a statement on Wednesday said it has through the years demonstrated an...

August 4, 2016 No Responses

Shareholders laud CBN policy on cheque deposit into savings account

By Moses Ebosele – Shareholder activist and Co-Founder of Nigeria Shareholders Solidarity Association (NSSA), Alhaji Gbadebo Olatokunbo, has commended recent Central Bank of Nigeria (CBN) directive approving payment of cheques into savings accou...

August 4, 2016 No Responses

Railway workers fault alleged sales of scraps, outsourcing

By Moses Ebosele – Workers of Nigerian Railway Corporation (NRC) have called for the suspension of alleged sales of iron scraps and outsourcing of recreational facilities. Under the aegis of Nigeria Union of Railway Workers (NUR) and Senior Sta...

August 4, 2016 No Responses

Jonathan visit Buhari, task Nigerians on unity

Former President Goodluck Jonathan has called for the protection and defend of the nation’s unity. Speaking with reporters after paying a courtsy visit to President Muhammadu Buhari, he said: “We are great because of our size, the human resources...

August 4, 2016 No Responses

Firefighter dies as Emirates plane with 300 passengers crash-land at Dubai airport

(Sky News)- A firefighter was killed while responding to a plane that crash-landed at Dubai airport and became engulfed in fire, the Emirates airline chairman has said. The passenger jet, carrying 300 people, crash-landed at Dubai International Airport and b...

August 4, 2016 No Responses

Stanbic IBTC Bank expands SME capacity building initiative

Following the enthusiastic participation by operators since the initiative was launched two years ago, Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has expanded the scope of its capacity building workshop for Small and Medium Scale Enterprises (SM...

August 3, 2016 No Responses

‘Beware of unregistered money transfer operators’

By Moses Ebosele – The Central Bank of Nigeria (CBN) on Tuesday cautioned Nigerians within and outside the country to beware of the unwholesome activities of some unlicensed International Money Transfer Operators (IMTOs) in Nigeria. In a statem...

August 3, 2016 No Responses

PDP faction unveils national convention committee

Ahmed Makarfi led faction of the Peoples Democratic Party (PDP) has announced members of the party’s national convention committee despite a court ruling declaring the leadership illegal. In a statement issued by Secretary of the faction, Senator Ben Obi,...

August 3, 2016 No Responses

Lagos to partner private sector on $1b rail line

To successfully construct $1 Billion urban rail line, the Lagos State Government has announced plan to partner the private sector. Speaking in Lagos during a seminar organized by the Lagos Metropolitan Area Transport Authority in conjunction with the Japa...

August 3, 2016 No Responses

‘Dangote refinery will enhance West Africa’

By Moses Ebosele – President of Togo, Faure Gnassingbe and Governor of Lagos State, Akinwunmi Ambode on Tuesday canvassed support for the proposed Dangote Refinery project. Gnassingbe and Ambode who spoke during a tour of Dangote Refinery pro...