Author: City BusinessNews

NNPC unveils agenda for new refineries
September 10, 2015 No Responses

NNPC unveils agenda for new refineries

The Nigerian National Petroleum Corporation (NNPC) has unveiled agenda for new refineries as part of measures to enhance performance in the oil sector. Speaking with Journalists in Kaduna after inspecting Kaduna Refining and Petrochemical Company, the Group Managing Director of...
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NIMASA Partners British Military On Capacity Building
September 9, 2015 No Responses

NIMASA Partners British Military On Capacity Building

The Nigerian Maritime Administration and Safety Agency (NIMASA) is to partner British Military in the area of  capacity building. Receiving a delegation from the British Military Advisory and Training Team (BMATT) led by Commander Shaun Quinn of the Royal Nav...
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FBN Holdings Gets New Group Managing Director
September 8, 2015 No Responses

FBN Holdings Gets New Group Managing Director

Executive Director, South, First Bank of Nigeria Limited, Mr UK Eke is to replace Mr Bello Maccido as Group Managing Director of FBN Holdings Plc with effect from January 1, 2016. Maccido, pioneer Group Chief Executive Officer, FBN Holdings, is...
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NNPC to recover N1.5trillion over-deducted tax benefits from firms
September 7, 2015 No Responses

NNPC to recover N1.5trillion over-deducted tax benefits from firms

THE Federal Government through the Nigerian National Petroleum Cooperation (NNPC) has announced plans to recover $7billion (N1.5trillion) in over-deducted tax benefits from joint venture partners on major capital projects. NNPC has also appointed an accounting...
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Lagos restricts trailer movement
September 7, 2015 No Responses

Lagos restricts trailer movement

WORRIED by the chaotic state of transportation within the metropolis, the  Lagos State government has directed  law enforcement agencies to impound trailers and long vehicles plying the metropolis at day time. The state government explained that the directiv...
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Lawyer drags new Customs CG to court
September 4, 2015 No Responses

Lawyer drags new Customs CG to court

A lawyer based in Enugu,  Ifeanyichukwu Okonkwo has filed a suit at the Federal High Court Umuahia, Abia state challenging the constitutionality of the appointment of Col. Hameed Ibrahim Ali (rtd) as the Comptroller-General of the Nigeria Customs Service by.....
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Oliseh, player condols Enyeama
September 4, 2015 No Responses

Oliseh, player condols Enyeama

UPER Eagles coach, Sunday Oliseh has condoles captain  Vincent Enyeama over the death of his mother. He also used the opportunity to assure Nigerians that the team will excel in Tanxania as part of the 2017 Africa Nations Cup qualifier....
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FAAN arrests suspect with N54.3million
September 4, 2015 No Responses

FAAN arrests suspect with N54.3million

AN  officials of the Federal Airports Authority of Nigeria (FAAN) has arrested a suspect over alleged attempt to traffic  $271.14m (N54.35bn) through the Murtala Muhammed Airport, Ikeja. In a statement, the FAAN Deputy General Manager, Corporate Affairs,  O...
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Lawyer drags Buhari to Court over appointment of Ali as Customs boss
September 4, 2015 No Responses

Lawyer drags Buhari to Court over appointment of Ali as Customs boss

A lawyer based in Enugu,  Ifeanyichukwu Okonkwo has filed a suit at the Federal High Court Umuahia, Abia state challenging the constitutionality of the appointment of Col. Hameed Ibrahim Ali (rtd) as the Comptroller-General of the Nigeria Customs Service by.....
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Dangote Cement to Generate Jobs in Cameroon
September 4, 2015 No Responses

Dangote Cement to Generate Jobs in Cameroon

The Managing Director of Dangote Group, Onne Vander Weijde, has declared the preparedness of the company to create  about 150 to 300 jobs in Cameroon. In an interview with CNBC, he said: “Thousands of jobs are being created [indirectly] through...
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Warri refinery gets 90-day Ultimatum
September 4, 2015 No Responses

Warri refinery gets 90-day Ultimatum

THE Nigerian National Petroleum Corporation (NNPC) has challenged the management of Warri Refining and Petrochemicals Company (WRPC) to commenced full production within 90 days. Group Managing Director of NNPC, Dr. Ibe Kachikwu, who gave the ultimatum during ...
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FG reveals Buhari, Osinbajo assets
September 4, 2015 No Responses

FG reveals Buhari, Osinbajo assets

The Federal Government has disclosed details of  the assets of President Muhammadu Buhari and Vice President Yemi Osinbajo, as declared to the Code of Conduct Bureau. A statement issued by Senior Special Assistant to the President (Media and Publicity), Garba...
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UBA declares 20k interim dividend
September 4, 2015 No Responses

UBA declares 20k interim dividend

FOREMOST financial services group, United Bank for Africa (UBA) Plc, has announced its audited 2015 half year financial results. The results showed strong growth in earnings and profits, as the Bank continued to benefit from its determination to provide value...
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NNPC refutes agenda to sell refineries
September 3, 2015 No Responses

NNPC refutes agenda to sell refineries

The Nigerian National Petroleum Corporation (NNPC) has denied any agenda to  sell existing  refineries. However, NNPC clarified that it may consider encouraging  joint venture investments in the facilities. In a statement, the Group Managing Director of the...
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