Author: City BusinessNews

Shell Inaugurates 34 Projects In Delta
October 4, 2019 No Responses

Shell Inaugurates 34 Projects In Delta

The Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture (JV) has appealed to its host communities to continue to create the enabling environment for sustainable business growth. The SPDC General Manager, External Relations, Igo Weli, made the appeal...
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NSE Market Capitalisation Drops By N111b
October 4, 2019 No Responses

NSE Market Capitalisation Drops By N111b

Activities on the nation’s bourse remained on a negative posture on Thursday with the market capitalisation dropping further by N111 billion, amid sell pressure in blue chips. News Agency of Nigeria (NAN) reports that the market capitalization which opened a...
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GOCOP Reelects Exco
October 4, 2019 No Responses

GOCOP Reelects Exco

Mr Dotun Oladipo, Publisher of The Eagle Online has been re-elected as the President, Guild of Corporate Online Publishers, GOCOP. He was returned unopposed at the Guild’s annual general meeting on Thursday in Lagos through affirmation alongside other me...
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Nigeria To Build Cash-Less Toll Plazas On Highways
October 3, 2019 No Responses

Nigeria To Build Cash-Less Toll Plazas On Highways

The Nigerian Government on Wednesday disclosed plans to reintroduce toll plazas on its roads across the country.  According to Works and Housing Minister Babatunde Fashola, cash transactions will be minimised at the toll plazas, which will be built on at....
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Buhari Arrives South Africa For Three-Day Visit
October 3, 2019 No Responses

Buhari Arrives South Africa For Three-Day Visit

President Muhammadu Buhari on Wednesday arrived at Waterloof Air Force Base, Pretoria, to begin a three-day official visit to South Africa. The President left the Presidential Villa, Abuja at about 1:30 p.m. for Pretoria via the Presidential wing of the...
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TVS Road Side Assistance Scheme Debuts
October 3, 2019 No Responses

TVS Road Side Assistance Scheme Debuts

TVS Motor Company has announced Road Side Assistance program for its Apache RR 310 customers in India. The program will offer unlimited kilometers (towing and mechanical services) of road side assistance for an entire year to new as well as...
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Heritage Bank Photo News
October 3, 2019 No Responses

Heritage Bank Photo News

Ifie Sekibo, MD/CEO of Heritage Bank Plc; (Right) and Senator Bala Mohammed, Governor, Bauchi State during the bank’s business call to the Bauchi State Governor on developmental project partnership with the bank,
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Senate To Security Agencies: Arrest, Prosecute Foreigners Engaged In Illegal Mining
October 3, 2019 No Responses

Senate To Security Agencies: Arrest, Prosecute Foreigners Engaged In Illegal Mining

The President of the Senate, Ahmad Ibrahim Lawan, has called on security agencies to arrest and prosecute foreigners and anyone engaged in the illegal mining of the country’s mineral resources.  Lawan made the call on Wednesday in his remarks after...
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NPA Photo News
October 3, 2019 No Responses

NPA Photo News

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman (Middle), Commissioning the NPA Club House. To the left of the MD is the Executive Director, Engineering & Technical Services, Prof. Idris Abubakar, the Chairman of NIPOSA, General Ma...
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NNPC Seals $875.75m Financing Deal With CPDC
September 23, 2019 No Responses

NNPC Seals $875.75m Financing Deal With CPDC

The Nigerian National Petroleum Corporation (NNPC) has signed a 875.75 million dollar funding and technical services agreement and alternative financing deal for the Nigerian Petroleum Development Company(NPDC) operated Oil Mining Lease (OML) 65. The Corporati...
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More Farmers To Benefit From Anchor Borrowers Programme
September 23, 2019 No Responses

More Farmers To Benefit From Anchor Borrowers Programme

Not less than 70, 000 farmers in Borno State are to benefit from the  Anchor Borrower Programme (ABP) of the Central Bank of Nigeria (CBN)  in  2019. Mr Mahmood Nyako, the Head of Finance Development Office (DFO) of the CBN...
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Photo News
September 23, 2019 No Responses

Photo News

L-R, Head, Finance Department, Berger Paints Plc, Mr Shakiru Oyegbele, Managing Director Mr Anjan Sircar, Acting Executive Commissioner Operations, Securities and Exchange Commission Mr Isyaku Tilde, Deputy Director, Director Generals Office, SEC Mrs Frana Chu...
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Azura Power: Edo Divests N2.1b Equity
September 23, 2019 No Responses

Azura Power: Edo Divests N2.1b Equity

The Edo State Government has concluded plans to divest 50 per cent of its equity stake in the Edo Azura Power Project valued at N2.1billion for onward investment in the $200 billion industrial park project.  The development is coming in...
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“Nigeria Generated N28.6tri From Oil, Non-Oil Sources In Five Years”
September 23, 2019 No Responses

“Nigeria Generated N28.6tri From Oil, Non-Oil Sources In Five Years”

The Nigeria Extractive Industries Transparency Initiative (NEITI) has declared that  N28.58 trillion was remitted to the Federation Account between 2012 and 2016 from mineral revenues, non-mineral revenues and Value Added Tax (VAT). NEITI disclosed this o...
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