City BusinessNews

October 14, 2016 No Responses

‘FirstBank now sole Foreign Exchange Dealer to BDCs’

The Central Bank of Nigeria (CBN) has announced FirstBank the sole authorized dealer for foreign exchange proceeds to licenced Bureau de Change (BDC) operators in Nigeria. According to First Bank, the announcement is coming on the heels of the...

October 14, 2016 No Responses

Report seeks paradigm shift in road safety policy

Road safety experts from around the globe are calling for a paradigm shift in road safety policy. In a new International Transport Federation (ITF) report launched in Paris, France, 30 experts from 24 countries and organisations argue that current road.....

October 14, 2016 No Responses

Intensify efforts to release other Chibok Girls, Brown tells FG

Former British Prime Minister, Mr Gordon Brown has urged the Federal Government and negotiators not to give up until all the abducted Chibok schoolgirls are freed from captivity. The United Nations’ Special Envoy for Global Education made this call in his...

October 14, 2016 No Responses

WFE explains growing liquidity in emerging market exchanges

The World Federation of Exchanges (“WFE”), on Thursday published a report into growing liquidity in emerging market exchanges, in collaboration with global management consulting firm Oliver Wyman. The report, entitled Enhancing Liquidity in Emerging Mark...

October 14, 2016 No Responses

APC raises 49-member committee for Ondo election

(NAN) The All Progressives Congress (APC) on Thursday in Abuja constituted a 49-member campaign committee for the November 26 governorship poll in Ondo state. The committee has nine governors, nine ministers, former governors and members of the National Asse...

October 14, 2016 No Responses

LCCI Photo News

Photo Caption: From Left – Peter Holasek, Ambassador, Embassy of the Slovakia Republic; Chief Dr. Mrs. Nike Akande, CON, President, Lagos Chamber of Commerce and Industry (LCCI) and Muda Yusuf, Director General, LCCI during aCourtesy Visit by the Ambassa...

October 14, 2016 No Responses

Ghana begins expansion of Tema Port

Construction works on the USD 1.5 billion Tema Port expansion have begun, Ghana Ports and Harbours Authority (GPHA) informed. Scheduled to be completed by the fourth quarter of 2019, the project will result in four deep-water berths, a new breakwater and...

October 13, 2016 No Responses

CBN faults report on Banks, caution against exceeding $50,000 annual limit on overseas withdrawal

No Nigerian Bank is in crisis, the Bankers Committee said on Wednesday after its 329thmeeting in Lagos. Briefing Journalists after the meeting, the Director, Banking Supervision of CBN, Tokunbo Martins described negative reports on the state of Nigerian Ba...

October 13, 2016 No Responses

Customs impounds 121 vehicles, 3,082 bags of Rice, others in FOU Zone C

The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone C, Owerri has recorded a total of two hundred and thirty-one (231) seizures of contraband goods with an overall Duty Paid Value (DPV) of one billion, nine hundred and fifty-seven...

October 13, 2016 No Responses

UBA profit hits N62 Billion in nine months

Leveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (UBA), has announced its unaudited Third Quarter Financial Results, showing a 7% year-on-year growth in profit before tax to N62 billion despite the challenging macro-...

October 13, 2016 No Responses

Minister pledges full implementation of ISPS Code

The Federal Government has reiterated Nigeria’s commitment to maritime security through the full implementation of the International Ship and Port Facility Security (ISPS) code. This commitment was made by the Minister of Transportation, Rotimi Chibuike A...

October 13, 2016 No Responses

Emirates Photo News

L-R Nigerian Actress/MC of Occasion, Mrs Shaffy Bello; Emirates Sales Manager ,Sales & Commercial, Mr Eghe Ekhator; CEO Modela Courture, Mr Adebayo Adegbe; FADAN President, Mrs Funmi Ladipo; and FADAN Ambassador/CEO Tiannah Styling, Mrs Toyin Lawani, at ...

October 12, 2016 No Responses

Guinness Nigeria increases local content, visits Benue

Managing Director, Guinness Nigeria Plc, Mr. Peter Ndegwa, has expressed the company’s commitment to increase the local sourcing of the raw materials used in its operations and would consider partnering farmers in Benue State. Speaking during a cour...

October 12, 2016 No Responses

‘Clean environment at Seaports, good health critical in operational efficiency’

The management of Nigerian Ports Authority (NPA) has reiterated its resolve to make the Nation’s Seaports a pride worthy of emulation in line with International Standards. According to NPA, the resolve is attainable through adherence to better sanitization...