City BusinessNews

January 5, 2017 No Responses

Rights Issue: Guinness Nigeria to hold EGM

Guinness Nigeria Plc is to hold an Extraordinary General Meeting (EGM) on January 24, 2017to secure Shareholders approval for a rights issue. In a statement, the company explained that it believed that the rights issue would allow the company to...

January 5, 2017 No Responses

‘Demand for BMW 7 Series up by 39 %’

Between January and December 2016, demand for BMW 7 Series increased by 39 per cent to 12,918 in the United States of America (USA). The BMW X1 also set a new sales record with 27,812 units, a 92.9 percent increase...

January 5, 2017 No Responses

Cosco Shipping, FAW seal vehicle transportation partnership

China Cosco Shipping Group (Coscocs) has entered into a strategic agreement with Chinese state-owned automaker FAW Group for the transportation of vehicles and components. Under the agreement, signed on January 3 in Shanghai, the parties also plan to strength...

January 5, 2017 No Responses

First Bank Photo News

Deputy Managing Director, FirstBank, Gbenga Shobo (Middle); Executive Chairman and CEO of EbonyLife TV, Mo Abudu ( third left); Group Head, Marketing and Corporate Communications, FirstBank, Folake Ani-Mumuney (second right) presenting the star prize to the wi...

January 4, 2017 No Responses

Presco, Conoil, others join NSE 30 index

Presco Plc, quoted in the agricultural sector of the Nigerian Stock Exchange (NSE) has been admitted into the NSE 30 index. The development, which is based on the NSE bi-annual review, became operational, January 3, 2017. Also included in the...

January 4, 2017 No Responses

Adeniyi, ex-Customs PRO lauds media, maritime stakeholders

The immediate past Public Relations Officer (PRO) of Nigeria Customs Service (NCS), Mr Wale Adeniyi has commended Journalists and all stakeholders in the maritime sector for their support during his reign as the spokesperson of Customs. Adeniyi and 245 others....

January 4, 2017 No Responses

Dakar 2017: Team Toyota wins opening stage

(Wheels 24)-It was a picture perfect start for Toyota Gazoo Racing SA, as Nasser Al-Attiyah and navigator Mathieu Baumel (#301) triumphed in the opening stage of the race, a 26th stage victory for Al-Attiyah on the Dakar Rally. Giniel de...

January 4, 2017 No Responses

FG to overhaul Third Mainland Bridge, 49 others

(NAN) Nigeria is planning to overhaul about 50 bridges nationwide, the Minister of Power, Works and Housing, Babatunde Fashola, has said. Mr. Fashola unveiled the plan when he was inspecting the rehabilitation of Lagos Ring Road Bridge Abutment and Approach....

January 4, 2017 No Responses

Janet Jackson, 50, gives birth to a boy

(BBC) Singer Janet Jackson has at the age of 50 given birth to her first child, a baby boy, her publicist has confirmed. A statement said the musician and her Qatari businessman husband, Wissam Al Mana, were “thrilled” to welcome...

January 3, 2017 No Responses

NEPZA issues license to Maritime Africa Economic City

The Nigeria Export Processing Zones Authority (NEPZA) has granted license to Nigeria’s largest and most ambitious Free Trade Zone and Mega Port project – the Maritime Africa Economic City otherwise known as the Badagry Free Zone. The license was handed...

January 3, 2017 No Responses

FG begins payment of N5,000 to poorest, vulnerable Nigerians

As part of its determined efforts to touch the lives of Nigerians positively, the Federal Government has commenced payment of N5, 000 monthly stipends to the poorest and the most vulnerable in the country through the Conditional Cash Transfer (CCT)...

January 3, 2017 No Responses

‘United Labour Congress will make a difference in 2017’

By Joe Ajaero – As we all march into the beginning of 2017. As we all ponder the direction of the nation; its economy; the colour of its politics and their probable impact on the lives and aspirations of the...

January 3, 2017 No Responses

Minna airport is best alternative to Abuja Airport, Niger tells FG

Niger State Government has advised the Federal Government to make Minna International Airport an alternative airport for travellers, as it plans to close Nnamdi Azikiwe International Airport in Abuja for rehabilitation in February. A statement by Jonathan Vats...

January 3, 2017 No Responses

‘NIMASA will re-dedicate itself to execution of core functions in 2017’

The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has pledged the commitment of the Agency to re-dedicate itself to the execution of its core functions in the year 2017. In his new year message...