City BusinessNews, Author at City Business News

May 13, 2019 No Responses

NIMASA Boss Canvasses Support For Renewable Energy

The Nigerian Maritime Administration and Safety Agency, NIMASA, has emphasised its readiness to develop policies that will see to a smooth transition from the regime of intense wet cargo operations, which is the major source of income for the maritime...

May 12, 2019 No Responses

Firm Secures $297m Loan For Two LNG Carriers

Russian shipping company Sovcomflot (SCF Group) has signed a new USD 297 million limited recourse credit facility to finance its two next-generation LNG carriers. The financing deal, with a duration of up to ten years, was concluded with three international...

May 12, 2019 No Responses

JAMB Withholds 34,120 Results

The Joint Admissions and Matriculation Board (JAMB) on Saturday released the results of 1, 792, 719 candidates who wrote the 2019 Unified Tertiary Matriculation Examination (UTME). Meanwhile, the board has withheld the results of 34, 1...

May 11, 2019 No Responses

ABCON: Re-Appointment Of Emefiele Will Boost FX Market Stability

The Association of Bureau De Change Operators of Nigeria (ABCON), on Friday said that the reappointment of Mr Godwin Emefiele as the CBN Governor for another term will sustain stability in the foreign exchange market. ABCON’s President, Alhaji Aminu Gwadabe....

May 11, 2019 No Responses

Photo News

President Muhammadu Buhari Breaks Ramadan Fast With Asiwaju Bola Tinubu, At The Presidential Villa, On Friday Night, In Abuja

May 10, 2019 No Responses

Coscharis Motors Unveils New Ford Everest

Coscharis Motors, sole distributor of Ford vehicles in Nigeria has unveiled new Everest XLT Range and Everest Limited Sports Utility Vehicle (SUV). Unveiled at the 2019 Lagos International Motor Fair, the new SUV boast of 2.2-litre Duratorq TDCi engine a...

May 10, 2019 No Responses

Naira Remains Stable At Parallel Market

The Naira on Thursday remained stable at the parallel market in Lagos, exchanging at N359.3 to the dollar. The Pound Sterling and the Euro traded at N472 and N402, respectively. At the Bureau De Change (BDC) window, the naira was...

May 10, 2019 No Responses

ILO: $150B Generated Annually Through Forced Labour

The International Labour Organisation (ILO) says that about 150 billion dollars is being generated illegally every year through forced labour. Mr Dennis Zulu, ILO Country Director to Nigeria said this during the National Consultation and Launch Workshop for Al...

May 10, 2019 No Responses

Senate Confirms Dabiri-Erewa As Chairman, Nigerian Diaspora Commission

The Senate on Thursday confirmed the appointment of Mrs Abike Dabiri-Erewa as Chairman/Chief Executive Officer, Nigerian Diaspora Commission. The confirmation followed a report on the screening of the nominee for Senate’s approval presented by Sen. Rose Oko ...

May 10, 2019 No Responses

FG, NSE Explain Collaboration

The Federal Government will welcome collaboration with the Nigerian Stock Exchange (NSE) in key aspects of improving the economy including the Ease of Doing Business, the privatization of public enterprises, amongst others, according to Vice President Yemi Osi...

May 8, 2019 No Responses

Shell Opens New LNG Terminal

Shell in partnership with Gasnor has opened a new Liquefied Natural Gas (LNG) regasification terminal at Gibraltar. The terminal, which will be operated by Shell’s Gasnor subsidiary will allow the British Overseas Territory to switch from diesel-fueled pow...

May 8, 2019 No Responses

CBN Lifts Forex Market With $205m

The interbank segment of the Foreign Exchange Market has received a boost of $205 million from the Central Bank of Nigeria (CBN) following the sales concluded on Tuesday, May 7, 2019. Figures obtained from the CBN indicated that authorized dealers...

May 8, 2019 No Responses

BMW Explains $1.6B Drop In Q1 Profit

For the first quarter 2019, BMW has declared 1.4 billion euros ($1.6 billion) drop in profit. BMW’s first-quarter profits slumped after car sales in key markets slowed and the automaker revised a provision for a potential fine for alleged collusion...

May 8, 2019 No Responses

MSMEs: AfDB, Fidelity Bank Seal $15.35b MoU

The African Development Bank (AfDB) has extended a $50 million (about N15.35 billion) facility to Fidelity Bank Plc for the growth of Micro Small and Medium Enterprises (MSMEs). The facility is designed to boost the bank’s capacity to promote the...