City BusinessNews, Author at City Business News

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 Staff Association...

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...

August 3, 2016 No Responses

Benefits of town hall meetings, by Minister

By Moses Ebosele – Town hall meetings being held across the country by the Federal Government will provides an avenue for both the government and the governed to exchange ideas, thus fostering good governance, the Minister of Information and Culture,.....

August 2, 2016 No Responses

Forte Oil to raise N50 Billion Capital

By Moses Ebosele – The board and management of Forte Oil Plc has concluded plan to raise N50 billion debt capital before the end of this year, December 31, 2016. Presenting its “facts and figures” to Nigeria Stock Exchange (NSE)...

August 2, 2016 No Responses

NPA to renovate headquarters with N800 Million in 2016

By Moses Ebosele – Barring any last minute adjustment, the contractor handling the rehabilitation of the headquarters building of Nigerian Ports Authority (NPA) in Lagos will receive N800 Million payment in 2016. According to NPA’s 2016 Budget ...

August 2, 2016 No Responses

Change agenda is real, irreversible, says minister

By Moses Ebosele – The change agenda of the present administration is real and irreversible, Minister of Information and Culture, Alhaji Lai Mohammed, has said. Speaking at the South-East edition of the Federal Government’s Town Hall Meeting i...

August 2, 2016 No Responses

NIMASA is committed to full implementation of Cabotage Act, says DG

By Moses Ebosele – The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside has reiterated the Agency’s determination to ensure the Coastal and Inland Shipping Act 2003 also known as the Cabota...

August 2, 2016 No Responses

Nigeria seeks $3.5Billion loan from World Bank, AfDB

The Federal Government has commenced negotiation for concessionary loans of $3.5 Billion from the World Bank and African Development Bank (AfDB). According to the Minister of Finance, Mrs Kemi Adeosun, the fund will support Government effort to finance the 201...