Author: City BusinessNews

In its last intervention for the month of November, the Central Bank of Nigeria (CBN) on Friday, November 29, 2019, made an intervention of $323.5million in the retail Secondary Market Intervention Sales (SMIS) and CNY 17.9million in the spot and...

President Muhammadu Buhari will on Monday perform the ground breaking ceremony for the University of Transportation, Daura and commission the Kwanar Gwante (Shargalle Road), which is off Kano-Daura Road in Katsina State. Malam Garba Shehu, the Senior Special A...

As the Federal Government makes efforts to solve the infrastructure challenges, investment experts, capital market regulators, operators and other stakeholders will gather on December 7 to proffer ways on how the  government can tap into the nation’s capita...

Photo Caption:L-R:  Dr. Eugene Nweke, former National President, National Association of Government Approved Freight Forwarders (NAGAFF), Mrs Amaka Ifeora Deputy Director, Monitoring & Enforcement Division of the Nigerian Shippers’ Council, DCP Fayo...

National Bureau of Statistics (NBS) says Ecobank Nigeria and the local unit of Standard Chartered Bank have joined Stanbic IBTC Bank to become foreign investors’ favourites for investment deals.  Details of the Bureau report showed that out of 26 banks....

President Muhammadu Buhari on Friday in Malabo, Equatorial Guinea, said leaders of neighbouring countries will work together and provide all necessary assistance to secure the Gulf of Guinea. Speaking at a bilateral meeting with President Teodoro Obiang Nguema...

L – R shows Mr. Babatunde Fowler, Executive Chairman, Federal Inland  Revenue Service, discusses with Mr. Oscar N. Onyema, OON,  Chief Executive Officer, The Nigerian Stock Exchange during the recently held NSE CEO Interactive Session for Consumer Goods Se...

The Federal Mortgage Bank of Nigeria (FMBN) has released about N5.4 billion to some cooperative societies to build 664 houseing units. The Managing Director of the bank, Mr Ahmed Dangiwa made this known at the 4th Annual Conference of Federal...

Nigeria is losing 68,000 women yearly as a result of pregnancy and child birth complications, Prof. Dolapo Lufadeju, the National Coordinator, Rotary International Project on National Family Planning Campaign, has said. Lufadeju disclosed this on Thursday duri...

Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has described the Privatisation of the Skyway Aviation Handling Company Limited (SAHCOL) as one of the best enterprise/reform initiatives implemented by the Bureau. Speaking at the In...

Suzuki on Thursday reported a decline of 8.8 per cent in its sales to 49,419 units for October 2019 in Japan, compared with 54,205 units sold in October 2018.  Standard and small vehicles, also witnessed a dip of 22.3 per...

The Development Bank of Nigeria as part of its advocacy initiative has held a capacity-building programmeon Environmental & Social Risk Management practice for top executives of Microfinance Banks recently in Lagos.  Giving his opening remarks, the Ma...

The Nigerian National Petroleum Corporation (NNPC), China Petroleum Pipeline Engineering Company Limited (CPPECL) and Brantex Consortium, have concluded plans for the commencement of work on the Abuja-Kaduna-Kano Pipeline (AKK) project. The Group Managing Dire...