Author: City BusinessNews

Buhari Extends Tenure Of Seven Permanent Secretaries, Removes Oyo-Ita
September 19, 2019 No Responses

Buhari Extends Tenure Of Seven Permanent Secretaries, Removes Oyo-Ita

President Muhammadu Buhari has approved the appointment of Dr. Mrs. Folashade Yemi-Esan as the Acting Head of the Civil Service of the Federation with immediate effect. In a statement signed by Mr. Willie Bassey, Director Information, Office of the Secretary...
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Qatar Airways Posts $639m Loss
September 19, 2019 No Responses

Qatar Airways Posts $639m Loss

Qatar Airways reported a loss of 2.3 billion Qatari riyals or 639 million dollars on Wednesday for the year ended March 31, as it grappled with the second year of an embargo by neighbours that has restricted its air routes...
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The Next Titan: Heritage Bank Sustains Support For Youth Entrepreneurship
September 19, 2019 No Responses

The Next Titan: Heritage Bank Sustains Support For Youth Entrepreneurship

Heritage Bank Plc has again thrown its usual support behind the organizer of The Next Titan, so as to have a better and improved season six of the programme. This year’s edition of the reality TV show is again headlined...
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Kia Seltos Displaces Hyundai Creta In August Sales
September 19, 2019 No Responses

Kia Seltos Displaces Hyundai Creta In August Sales

The ongoing competition between Kia Seltos and Hyundai Creta in the Indian Sports Utility Vehicle (SUV) segment assumed a new dimension in the month of August, 2019. Within the month of August, Kia Seltos delivered 6,236 units to customers. The...
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NSE Domestic Transactions Drops By 66.68% In 12 Years
September 19, 2019 No Responses

NSE Domestic Transactions Drops By 66.68% In 12 Years

Domestic transactions in the Nigerian Stock Exchange (NSE) has declined by 66.68 per cent in 12 years, the News Agency of Nigeria (NAN) reports. The exchange said in its Domestic and Foreign Portfolio Investment (FPI) report released on Wednesday that...
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CBN Approves Three New Payment Service Banks
September 19, 2019 No Responses

CBN Approves Three New Payment Service Banks

The Central Bank of Nigeria on Wednesday granted approvals-in-principle (AIP) to three new Payment Service Banks (PSBs) in the country. The CBN spokesperson, Isaac Okorafor, said the new institutions, issued approvals in principle to operate as Payment Service...
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Nigeria Imposes Additional Charges On Bank Accounts
September 18, 2019 No Responses

Nigeria Imposes Additional Charges On Bank Accounts

With effect from Wednesday, September 18, 2019, cash deposits and withdrawals from individual bank accounts are to attract addition charges, the Central Bank of Nigeria said on Tuesday.  In a circular to all deposit money bank (DMBs), the Director, Paymen...
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NPA Photo News
September 18, 2019 No Responses

NPA Photo News

L-R: The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman presents a plaque to the Executive Secretary, NCDMB, Engr. SimbiKesiye Wabode  who paid a courtesy call on the Managing Director at the NPA Corporate Headquarters in Lagos.
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FG Sets Up Inter-Agency Task Force On N5t AMCON Debt Recovery
September 18, 2019 No Responses

FG Sets Up Inter-Agency Task Force On N5t AMCON Debt Recovery

The Federal Government has taken another determined step in its bid to recover over N5 Trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), with the formal inauguration of an inter-agency Committee to speedily resolve the challe...
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Strike Looms In Nigeria Over Minimum Wage
September 18, 2019 No Responses

Strike Looms In Nigeria Over Minimum Wage

Organised Labour under the auspices of the Trade Union Side (TUS) of the Joint National Public Service Negotiating Council (JNPSNC) on Tuesday threatened to embark on strike nationwide over the non- implementation of the minimum wage.  The union explained...
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WISTA Donates Speedboat, Fishing Accessories To Aguleri Women
September 18, 2019 No Responses

WISTA Donates Speedboat, Fishing Accessories To Aguleri Women

Women’s International Shipping and Trading Association (WISTA) has donated a speedboat and some fishing accessories to the women of Omabala Na Esu Fishers Association of Aguleri, in Anambra State. President of WISTA Nigeria, Mrs. Mary Madu Hamman, said t...
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‘LNG Is the Most Commercially Viable Alternative Marine Fuel’
September 18, 2019 No Responses

‘LNG Is the Most Commercially Viable Alternative Marine Fuel’

LNG is the most mature, scalable, and commercially viable alternative fuel currently available for the maritime industry, a new study finds. Released by SEA\LNG and entitled ‘Comparison of Alternative Marine Fuels’, the study was conducted by alternative f...
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EcobankPay Platform Records N2b Transactions
September 17, 2019 No Responses

EcobankPay Platform Records N2b Transactions

Ecobank Nigeria says over 100,000 merchants have been onboarded on the EcobankPay platform with transaction value reaching N2billion.  According to the Bank, the platform offers customers a multi-channel payment experience that includes Mobile QR Payment ...
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At TAAM Conference, Experts Chart Course For Maritime Sector’s Growth
September 17, 2019 No Responses

At TAAM Conference, Experts Chart Course For Maritime Sector’s Growth

To achieve a greater level of growth in the country’s maritime sector, there is a need to devise a strategic framework that guarantees innovations and sustainable solutions that could address the problems in the industry. This was the submission of...
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