City BusinessNews, Author at City Business News

August 13, 2019 No Responses

KPMG Under Pressure, Removes Head Of Financial Services Unit

Following a probe into alleged misconduct, KPMG, one of the biggest consultancies in the United Kingdom has ousted the head of its financial services consulting division. A spokesperson for KPMG confirmed to the BBC that Tim Howarth had left the...

August 13, 2019 No Responses

FCMB Targets Palm Oil, Cocoa, Ginger, Others With New Agric Finance Facility

Foremost financial institution, First City Monument Bank (FCMB) has introduced an enhanced agro-commodity trade finance facility for agribusiness operators. According to the Bank, the revamped facility is designed for agro-commodity merchants with supply...

August 13, 2019 No Responses

NNPC: Rehabilitation In PH Refinery Still Ongoing

The Nigerian National Petroleum Corporation (NNPC) has said that the rehabilitation of the two Port Harcourt Refineries were still ongoing. Mr Ndu Ughamadu, the Group General Manager, Group Public Affair Division disclosed this to News Agency of Nigeria (NAN),...

August 13, 2019 No Responses

APM Terminals To Expand Terminal

APM Terminals Yucatán, operator of the Port of Progreso in Mexico has unveiled an investment to expand and modernize the port’s container terminal. The terminal has doubled its volumes from 80,000 to 140,000 TEUs throughput over the last two years....

August 13, 2019 No Responses

NAFDAC Explains Agenda To Phase Out Sniper From Open Market

The National Agency for Food and Administration and Control has reiterated its plans to phase out sniper from the open market in no distant time. NAFDAC’s Director of Public Affairs, Dr Abubakar Jimoh, restated this in an interview with the...

August 12, 2019 No Responses

Businessman Returns N2.2b Mistakenly Paid Into His Account

Managing Director of Peace Mass Transit (PMT), Dr Maduka Onyishi, returned N2,219,500,000 which was overpaid into his account by the First Bank Nigeria. A cheque bearing the overpaid amount was received on behalf of First Bank by the Business Manager,...

August 12, 2019 No Responses

Buhari To Corps Members: Use Your Education To Unite Nigeria

President Muhammadu Buhari on Sunday in Daura, Katsina State, challenged members of the National Youth Service Corps (NYSC) to live up to expectation of the founding fathers by utilising their education and privilege of visiting different parts of the country....

August 12, 2019 No Responses

Again, SEC Urges Nigerians to Shun Ponzi Schemes

Nigerians have again been advised to desist from investing their money in various investment schemes that are not registered to carry out fund management functions. This was stated weekend by Ag. Director General of the Securities and Exchange Commission (SEC)...

August 12, 2019 No Responses

Sallah: Dakuku Urges Nigerians To Embrace Love, Peace

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has urged Nigerians to embrace love and ensure peaceful coexistence among one another as they celebrate Sallah. The NIMASA DG who said that sall...

August 11, 2019 No Responses

Buhari, Ramaphosa To Meet Over Consular, Trade

President Muhammadu Buhari and South African President, Cyril Ramaphosa, will meet in October to discuss issues relating to wellbeing of citizens and ways to further strengthen trade relations between the two largest African economies. In a telephone conversat...

August 10, 2019 No Responses

Buhari Celebrates Akintola Williams At 100

President Muhammadu Buhari felicitates with renowned chartered accountant, iconic leader and legendary teacher, Chief Akintola Williams, who turns a centenarian, August 9, 2019, congratulating him for many honours and pride brought to Nigeria and Africa. A sta...

August 10, 2019 No Responses

Presidential Panel Partners FIRS On Recovery Of Tax Revenues

The Special Presidential Investigation Panel for the Recovery of Public Property (SPIP) is to partner Federal Inland Revenue Service (FIRS), to recover tax revenues from companies who hitherto have been evading payment. Ms Lucie-Ann Laha, the panel spokesperso...

August 10, 2019 No Responses

CBN Injects $280.04m, CNY 28.3m Into Retail SMIS

The Retail Secondary Market Intervention Sales (SMIS) has received a boost of $280.04 million from the Central Bank of Nigeria (CBN), which also injected the sum of CNY 28.3 million in the spot and short tenored forwards segment of the...

August 9, 2019 No Responses

New Samsung Galaxy Note 10 Debuts In Nigeria

By citybusinessnews@yahoo.com — Samsung has unveiled Galaxy Note10, a new line of premium smartphones that combines design with powerful performance. According to the company, the new product is inspired by a generation that flows seamlessly ...