City BusinessNews, Author at City Business News

May 15, 2019 No Responses

NIMASA Budgets N24b For 2019 Overhead

For the year 2019, the Nigerian Maritime Administration and Safety Agency (NIMASA) overhead will account for N24 billion. Speaking in Abuja on Tuesday, Director General of the agency, Dakuku Peterside explained that capital expenditure will cost N17. 6 billion while...

May 15, 2019 No Responses

International Breweries Appoints Odulate, Olori Beauty Enterprise Boss Director

The Board of International Breweries Plc has appointed Olutoyin Mobisola Odulate as an Independent Non-Executive Director of the Company. A statement explained that she is a seasoned Consumer Goods and FMCG senior management professional with over 16 yea...

May 15, 2019 No Responses

Honda Confirms Closure Of UK Plant

Honda has confirmed its western England car factory, which employs 3,500 people, will close in 2021. The Japanese carmaker explained that the Swindon plant will shut in two years, “at the end of the current model’s production life cycle....

May 15, 2019 No Responses

US Embassy Suspends “Dropbox” Process For Visa Renewal In Nigeria

The U.S. Embassy says effective from the close of business on Tuesday, May 14, the U.S. Mission to Nigeria will indefinitely suspend interview waivers for visa renewals, otherwise known as the “Dropbox” process. According to it, visa applications will no.....

May 14, 2019 No Responses

Shell Nigeria Targets 2,400MW Electricity From Gas Project In Imo

The ongoing Assa North/Ohaji South gas development project in Imo State, southeast Nigeria will produce 600 million standard cubic feet of gas per day, energy equivalent of about 2400 Megawatts which is enough to provide uninterrupted electricity to about 2.4....

May 14, 2019 No Responses

TSA Yields N30trillion

The Accountant-General of the Federation (AGF), Idris Ahmed, on Monday explained that seven years after it was created, the Treasury Single Account (TSA) has yielded more than 30 trillion for the Federal Government, . Speaking with Journalists on t...

May 14, 2019 No Responses

RIFAN: Reappointment Of Emefiele As CBN Governor Will Transform Agric Sector

Rice Farmers Association of Nigeria (RIFAN) says the reappointment of Mr Godwin Emefiele, as the Governor of the Central Bank of Nigeria (CBN) by President Muhammadu Buhari, will lead to agricultural transformation. The RIFAN President Alhaji Aminu Goronyo, to...

May 14, 2019 No Responses

JAMB Remits N5b To Federation Account

The Joint Admissions and Matriculation Board (JAMB) has remitted N5 billion to the Federation Account in 2019. This is against the N8 billion it returned to the government purse last year. JAMB’s Head of Information, Dr Fabian Benjamin, confirmed this...

May 14, 2019 No Responses

Panama Canal Welcomes Largest LNG Tanker

Less than three years since its inauguration, the Expanded Panama Canal welcomed Qatargas’ Al Safliya, the first Q-Flex and the largest liquefied natural gas (LNG) carrier to ever transit the waterway. The tanker, which has an overall cargo capacity of...

May 14, 2019 No Responses

SEC Boss: Commodities Market will Aid Economic Diversification

The Commodities Trading Ecosystem has been described as an important market that is capable of playing a strong role in the nation’s diversification efforts as being championed by the present administration. This was stated by the Acting Director General of....

May 13, 2019 No Responses

SEC Nigeria To Stop Distribution Of Gifts To Shareholders At AGMs, EGMs

In a bid to ensure that investors get more value for their investments and thereby positively impact on their earnings per share, the Securities and Exchange Commission, SEC is seeking to create a sub rule to regulate the conduct of...

May 13, 2019 No Responses

‘No Monies Missing, Stolen In CBN’

The Management of the Central Bank of Nigeria (CBN) has been notified of a purported audio recording of selective conversations amongst the Governor, Deputy Governor and some Senior Officials. Contrary to the headline-grabbing narrative that the discussion was...

May 13, 2019 No Responses

Nigeria To Blacklist Firms Over N5tr AMCON Debts

The Nigerian Government has concluded plans to blacklist firms and individuals on the Asset Management Corporation of Nigeria’s (AMCON) debtors’ list. Under the proposed arrangement, they will no longer be allowed to do business with the govern...

May 13, 2019 No Responses

NSITF: Presidency Backs Ngige, Appoints Enejamo-Isire Board Chairman

The Presidency has confirmed the appointment of Mr. Austin Enejamo-Isire, a Chartered Accountant, as the rightful chairman of Nigeria Social Insurance Trust Fund (NSITF). Meanwhile, Frank Kokori has been pencilled down for the headship of Labour Tr...