City BusinessNews, Author at City Business News

July 8, 2016 No Responses

Oil workers divided as strike begins

Members of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have commenced nationwide strike to push for the implementation of their demands. However, the South West Chairman of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG),...

July 8, 2016 No Responses

Qatargas unveils agreement with Global Energy Infrastructure

Qatargas, the World’s Premier LNG Company, has announced a long-term Sale and Purchase Agreement (SPA) with Global Energy Infrastructure Limited (GEIL). Under the terms of the agreement, Qatargas will supply 1.3 million tonnes per annum of Liquefied Natural ...

July 7, 2016 No Responses

WFE partners varsity on training

The World Federation of Exchanges (WFE) has announced an education partnership with University of Cambridge Judge Business School Executive Education (“Cambridge Judge”). As part of the agreement, WFE members will be able to access and apply for a ran...

July 7, 2016 No Responses

NAGAFF pledges support for NIMASA’s restructuring

The National Association of Government Approved Freight Forwarders (NAGAFF) has commended the Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) for its commitment to the on going restructuring exercise in the Agency for enhanced eff...

July 7, 2016 No Responses

No bank is in distress, says CBN

The Central Bank of Nigeria (CBN) has dismissed allegations in some quarters that certain banks in the country are in distress. In a statement, the apex bank described the allegation as unfounded, “malicious rumors and unfounded speculations,” addin...

July 7, 2016 No Responses

Skye Bank new MD pledges to harness employees’ expertise

The new Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Tokunbo Abiru, has pledged the commitment of the new management to harness expertise of employees and the reconstituted board as part of measures to take Skye Bank to...

July 7, 2016 No Responses

Nationwide strike looms over alleged $7b debt

BARRING any last minute adjustment, the Minister of Labour and Employment, Dr Chris Ngige and other senior government officials will today meet with representatives of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Abuja. The meet...

July 6, 2016 No Responses

Employers seek end to NLC crisis

The leadership crisis rocking the Nigeria Labour Congress (NLC) is a threat to the development and growth of Nigeria’s economy, the Director-General, Nigeria Employers’ Consultative Association (NECA), Olusegun Oshinowo has said. Speaking during an inte...

July 6, 2016 No Responses

Offshore West Africa gets new date

PennWell Corporation, owners and producers of the annual Offshore West Africa Conference & Exhibition have announced a change in date for its 21st edition. According to a statement, the new 2017 date has been set for 6‐8 Jun...

July 6, 2016 No Responses

Crisis looms in Edo PDP as Iduoriyekwemwen gets certificate of return

Ahead of the September 10, 2016 Governorship election in Edo State, factional chairman of the Peoples Democratic Party (PDP), Ali Modu Sheriff has presented certificate of return to Matthew Iduoriyekwemwen. Sheriff is also expected to present Iduriyekwemwe...

July 6, 2016 No Responses

FRSC deploys 30,000 officials for Eid-el-Fitri

The Federal Road Safety Corps (FRSC) has deployed not less than 30,000 officials for the Eid-el-Fitri celebrations. Corps marshal of FRSC, Boboye Oyeyemi also cautioned motorists to ensure they use their seatbelt as they embark on journeys during the festive.....

July 6, 2016 No Responses

NIMASA has not floated scholarship scheme, says DG

The Nigerian Maritime Administration and Safety Agency (NIMASA) has dismissed as fraudulent an online platform purporting that the Agency has floated a scholarship programme tagged “NIMASA Scholarship 2016/2017”. The Director General, Dr. Dakuku...

July 6, 2016 No Responses

Shareholders divided over compulsory resignation of Skye Bank Board, Management

Controversy has continued to trail the compulsory retirement of the Board and Management of Skye Bank Plc by the Central Bank of Nigeria (CBN). A cross section of the Bank shreholders who spoke with City BusinessNews expressed divergent views on...

July 5, 2016 No Responses

Lobbying for NAC DG post intensifies at presidency

Not less than six contenders are jostling for the position of Director General of National Automotive Council (NAC), as the tenure of the incumbent, Engineer Aminu Jalal expires early next year (2017). City BusinessNews gathered this morning that four...