Author: City BusinessNews

THE headquarters of Nigeria Labour Congress (NLC has commended the Central Bank of Nigeria’s (CBN) directive to banks to publish names of chronic debtors. Secretary of the NLC, Peter Eson-Ozo, explained that the development would  strengthen the economy. Th...

AN indigenous Information Technology (ICT) firm has, Omatek has stressed the need to fully explore solar technology in Nigeria. The management of the firm also advised industries including banks, telecommunications, medics, schools, manufacturing companies and...

President Muhammadu Buhari Monday in Abuja ordered the National Planning Commission (NPC) to go back to the drawing board and produce the framework for a 2016 national budget that will reduce recurrent expenditure and prioritize developmental projects. Preside...

APM Terminals Apapa has announced the appointment of Olufemi Ransom-Kuti as its Deputy Managing Director. Olufemi brings to this role 14 years of experience in supply chain operations and project management. Before joining APM Terminals, he worked with Lafarge...

DANGOTE Cement Plc has declared Profit After Tax (PAT) of N121.808 billion in the six-month period ended June 30, 2015, amounting to a 21.65 per cent increase over the N95.440 billion recorded in the same period in 2014. Detail of...

THE Nigerian Maritime Administration and Safety Agency (NIMASA) has redeployed  some senior management staff of the Agency. The new posting, according to acting Director General/Chief Executive Officer, Mr. Haruna Baba Jauro are expected to reposition the Age...

EXPERTS expect more wide-beam 14,000- to 15,000-TEU (Twenty foot equivalent)  ships with 21-deck rows and 53.5 metre beams. According to Alphaliner, the wider-beam ships   are coming given the popularity of wide-beamed 8,500 – 10,000-TEUers. How carri...

The Board of Governors of the Economic Community of West Africa (ECOWAS) Bank for Investment and Development (EBID) which comprises Finance Ministers from the 15-Member States of ECOWAS has  renewed the tenure of the President of the Bank, Mr. Bashir...

President Muhammadu Buhari on has  renewed the appointment of Joshua Okpo as the Rector of the Maritime Academy of Nigeria (MAN) Oron for a second and final term of four years, according to a statement by the Special Adviser to...

THE National Headquarters of Nigerian Customs Service (NCS) has reviewed its earlier plans to shut down Intercontinental Hotel over alleged default in the payment of duty on imported rice. A statement sent to Citybusinessnews by Public Relation Officer, Wale A...

THE management of Nigerian Civil Aviation Authority (NCAA) has threatened to publish names and amount being owed by each airline operating in the country within 14 days. NCAA explained that the airlines had refused to remit the 14if the carriers...

THE Securities and Exchange Commission (SEC) has unveiled e-dividend payment platform. Director-General of SEC, Mounir Gwarzo, explained that the platform was initiated in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settleme...

THE National Automotive  Council (NAC) has described Citybusiness story titled “Govt probes auto policy” as “unfair to the automotive industry.” Reacting to the story onbehalf of NAC, Director Policy and Planing, Luqman Mamudu said Assembling of vehic...