Author: City BusinessNews

Ighalo, Osimhen, Nnadozie, Oshoala Nominated For CAF Awards
November 25, 2019 No Responses

Ighalo, Osimhen, Nnadozie, Oshoala Nominated For CAF Awards

Nigeria’s Odion Ighalo, Victor Osimhen and Wilfred Ndidi have been shortlisted for the 2019 CAF Men Footballer of the Year. The trio were nominated alongside 27 others in a list released by the Confederation of African Football (CAF) on Sunday....
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LNG Firm Secures $629m Loan
November 24, 2019 No Responses

LNG Firm Secures $629m Loan

Bermuda-based LNG carrier  owner, Flex LNG will obtain a new USD 629 million financing for five newbuilds scheduled for delivery in 2020.  Earlier this month, the company received firm commitments from a syndicate of eleven banks and the Export-Impor...
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Gregory University Honours Iwuanyanwu, Abaribe, Others
November 24, 2019 No Responses

Gregory University Honours Iwuanyanwu, Abaribe, Others

The Gregory University, Uturu (GUU) in Abia, on Saturday conferred honorary doctoral degrees (Honoris Causa) on some prominent Nigerians, including the Senate Minority Leader, Sen. Enyinnaya Abaribe. The university also conferred elder statesman and newspaper ...
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Shareholders To FG: Address Infrastructure Deficit Through Capital Market
November 24, 2019 No Responses

Shareholders To FG: Address Infrastructure Deficit Through Capital Market

The Independent Shareholders Association of Nigeria (ISAN) has stressed the need to address the country’s infrastructure challenges through the Nigerian capital market. Mr Adeniyi Adebisi, ISAN’s National Coordinator, stated this on Saturday in Lagos, whil...
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Pope Seeks End To Nuclear Weapons
November 24, 2019 No Responses

Pope Seeks End To Nuclear Weapons

Pope Francis landed in the wind and rain in Tokyo on Saturday evening, issuing a call for an end to nuclear weapons in the only country to have suffered a nuclear bomb attack. He is set to travel to Hiroshima...
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Amaechi: We’ll Deliver Lagos-Ibadan Rail Line By April
November 24, 2019 No Responses

Amaechi: We’ll Deliver Lagos-Ibadan Rail Line By April

Photo Caption: From Left, Chairman Board Of Directors Nigerian Railway Corporation, Malam Ibrahim Al-Hassan Musa, Project Manager, CCECC, Mr Li Depeng, Minister Of Transportation, Rotimi Amaechi And Managing Director Nigerian Railway Corporation,Mr Fidet Okhir...
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Michelin, Firm Seal €140m Hydrogen Mobility Partnership
November 23, 2019 No Responses

Michelin, Firm Seal €140m Hydrogen Mobility Partnership

Michelin and Faurecia have concluded arrangement to invest 140 million euros in Symbio hydrogen mobility joint venture.  Michelin has also explained that apart from the JV, it  will combine hydrogen fuel cell dedicated activities and it aims to becom...
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SEC Nigeria Engages PENCOM, AMCON On Securities Lending
November 23, 2019 No Responses

SEC Nigeria Engages PENCOM, AMCON On Securities Lending

Determined to deepen  liquidity in the nation’s bourse, the Securities and Exchange Commission (SEC) is engaging the National Pension Commission (PENCOM) and the Asset Management Corporation of Nigeria (AMCON) on securities lending. Acting Director-Gene...
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FRSC Begins Night Patrol
November 23, 2019 No Responses

FRSC Begins Night Patrol

The Anambra Sector Command of the Federal Road Safety Corps (FRSC) has  impounded 15 vehicles for allegedly endangering the lives of other road users at night by overloading and use of extra headlights. The Sector Commander, Mr Andrew Kumapayi, made...
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DMO Puts Nigeria’s Debt Profile At N25.7 Tri
November 23, 2019 No Responses

DMO Puts Nigeria’s Debt Profile At N25.7 Tri

The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion. The Director-General of the office, Ms Patience Oniha, announced this while addressing House of Representatives Committee on Public Account on Friday in Abuja. “As ...
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Banky W To Unveil New Album In 2020
November 23, 2019 No Responses

Banky W To Unveil New Album In 2020

Nigerian singer, rapper, actor and politician, Olubankole Wellington, a.k.a Banky W, on Friday announced his intention to produce a new album in 2020. The Nigerian rhythm and blues veteran explained that he would come out of retirement and release a...
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Navy Hands Over Smuggled Rice, Vegetable Oil To Customs
November 23, 2019 No Responses

Navy Hands Over Smuggled Rice, Vegetable Oil To Customs

The Nigerian Navy on Friday in Lagos handed over 35 bags of rice and five gallons of vegetable oil smuggled into the country to the Nigeria Customs Service (NCS). The Naval Commander, Forward Operating Base (FOB), Capt. Tamuno Senibo, handed...
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Reps Probe NIMASA, Ministry Over Alleged $195m Security Contract
November 22, 2019 No Responses

Reps Probe NIMASA, Ministry Over Alleged $195m Security Contract

The House of Representatives has resolved to investigate alleged $195, 500.000 contract awarded to an Israeli security firm to secure Nigeria’s waterways by the Ministry of Transportation. This is sequel to a unanimous adoption of a motion by Rep. Benjamin.....
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NSIA Generates N68.3b In 18 Months
November 22, 2019 No Responses

NSIA Generates N68.3b In 18 Months

The Nigeria Sovereign Investment Authority (NSIA) realized N68.3 billion between January 2018 and June 30, 2019. The Managing Director/Chief Executive Officer of NSIA, Mr Uche Orji, made the disclosure at the end of the National Economic Council (NEC), meeting...
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