Author: City BusinessNews

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 Okhiria during the inspection Of Lagos-Ibadan Standard...
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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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International Breweries Photo News
November 22, 2019 No Responses

International Breweries Photo News

L-R: Legal and Corporate Affairs Director, International Breweries, Otunba Michael Daramola, Finance Director, International Breweries,  Zuber Momoniat, Director, Chapel Hill Denham Advisory Ltd, Lanre Buluro, Managing Director, International Breweries, Annab...
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CBN: Nigeria Imports $600m Cassava Derivatives Annually
November 22, 2019 No Responses

CBN: Nigeria Imports $600m Cassava Derivatives Annually

Nigeria imports cassava derivatives valued at about 600million dollars annually, Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN) has said Emefiele disclosed this at a meeting With State Governors of Cassava Producing States in Abuja on Thursd...
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Buratai Donates 1,000 books, Remodel Primary School
November 22, 2019 No Responses

Buratai Donates 1,000 books, Remodel Primary School

The Chief of Army Staff, Lt-Gen Tukur Buratai has donated 1,000 books to pupils of his alma matter, Unguwar Sarki Musulmi LEA Primary School  Kaduna. The News Agency of Nigeria (NAN) report that Buratai, who began his search for education...
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Toyota Unveils Loan Facility For Customers
November 22, 2019 No Responses

Toyota Unveils Loan Facility For Customers

Toyota  on Thursday launched a facility for fast tracking car loans to its customers in India within 30 minutes of their applying. “The new service named ‘Tatkal’ loan enables our customers to get loan approval in 30 minutes of submittin...
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NAHCO Secures Approval To Build Export Processing Area, Boosts Equipment With N2billion
November 21, 2019 No Responses

NAHCO Secures Approval To Build Export Processing Area, Boosts Equipment With N2billion

The Nigeria Aviation Handling Company (NAHCO) has secured approval from the Federal Airports Authority of Nigeria (FAAN) to build an Export Processing Area at the Murtala Muhammed International Airport, Lagos. The Group Managing Director, NAHCO Aviance, Mrs Ol...
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