City BusinessNews, Author at City Business News

October 16, 2019 No Responses

Shell Remits N720b To NDDC In 16 Years

Shell Petroleum Development Company of Nigeria (SPDC) and partners have remitted about $2 billion ( N720 billion) to the Niger Delta Development Commission (NDDC) in 16 years. SPDC’s General Manager, External Relations, Igo Weli, disclosed this on Tuesday at the...

October 16, 2019 No Responses

Senate Probes PPRA Over Alleged Non Remittance Of 5% Pump Price Commission To FERMA

The Senate has directed its committees on Petroleum Downstream and National Planning to investigate within two weeks why the Petroleum Pricing Regulatory Agency (PPRA) failed to remit five per cent commission it charged on every litre of fuel to FERMA...

October 16, 2019 No Responses

Nigeria To Explore More Investment Opportunities In UAE

The Minister of Industry, Trade and Investment, Mr Richard Adebayo, has said that Nigeria would explore more investment opportunities in the United Arabic Emirate (UAE). According to a statement signed by Mr Julius Toba-Jegede, Special Assistant (Media) to the...

October 16, 2019 No Responses

Enugu Hands Over 65 Innoson Security Vehicles To Police

Governor Ifeanyi Ugwuanyi of Enugu State on Tuesday in Enugu handed over sixty five (65) patrol vans to the state command of the Nigeria Police to aid its security operations. The sixty five (65) patrol vans were among the 100...

October 16, 2019 No Responses

NSE Photo News

L-R: Uma Mxenge, Satrix SA; Fiona Ahimie, FBNQuest Securities Ltd; Jude Chiemeka, Head, Trading Business Division, The Nigerian Stock Exchange (NSE); Yusuf Wadee, Satrix SA and Omotola Imafidon, FBNQuest Securities Ltd during Satrix SA’s Nigerian no-de...

October 16, 2019 No Responses

Volkswagen Postpones Final Decision On Turkey Plant

Volkswagen has postponed the final decision whether to build a car plant in Turkey, the company said, amid international criticism of the country’s military operation in Syria and concerns about potential reputational fallout. “We are carefully mon...

October 15, 2019 No Responses

Firm Tackles CBN Over $285m Supreme Court Judgment

A communications firm, Interstella Communications Limited has urged the Central Bank of Nigeria (CBN) to obey a Supreme Court order by paying them $285 million judgment sum for alleged breach of contract. The News Agency of Nigeria (NAN) reports that...

October 15, 2019 No Responses

Nigeria Presents `Certificate Of Discharge’ To Transcorp

Vice President Yemi Osinbajo on Monday at the Presidential Villa, Abuja, presented Certificate of Discharge to Transnational Corporation of Nigeria (Transcorp). A certificate of discharge is a written statement of satisfaction that a party has discharged its o...

October 15, 2019 No Responses

Court Freezes 45 Bank Accounts

A Federal High Court on Monday in Abuja ordered the temporary freezing of 45 bank accounts belonging to three companies allegedly involved in smuggling of rice into Nigeria. The companies whose accounts were domiciled with ten commercial banks in Nigeria...

October 15, 2019 No Responses

Photo News

L-R, Director General, ICRC Engr Chidi Izuwah, Acting Director General, Securities and Exchange Commission Ms Mary Uduk and Permanent Secretary, Special Duties Ministry of Finance Dr Muhammed Dikwa during a Publi...

October 15, 2019 No Responses

Yamaha Joins Automotive Sharing Centre

Yamaha Motor Group has joined the Automotive Information Sharing and Analysis Center (Auto-ISAC) along with three other companies TuSimple, ArmorText and Celerium. The inclusion of these four companies in the Auto-ISAC will increase the strength of the platfor...

October 14, 2019 No Responses

ExxonMobil, Firm Seal $406m LNG Deal

October 14, 2019 No Responses

SEC Nigeria Restates Commitment To Sustainable Financing

The Securities and Exchange Commission (SEC) remains a strong advocate for the promotion of infrastructural development through sustainable financing, Acting Director General,, Ms. Mary Uduk has said Speaking at the formal launch of the Financial Center ...

October 14, 2019 No Responses

Sanwo-Olu Appoints New GM For LASTMA

Governor Babajide Sanwo-Olu of Lagos State has appointed Olajide Oduyoye as the new General Manager of the Lagos State Traffic Management Authority. The LASTMA Public Relations Officer, Olumide Filade, made this known in a statement made available to newsmen i...