City BusinessNews, Author at City Business News

April 1, 2019 No Responses

Commission Approves Promotion Of 8,916 Police Officers

The Police Service Commission ( PSC) has approved the promotion of 8,916 senior police officers to their next substantive ranks. The spokesman of the commission, Mr Ikechukwu Ani, said in a statement on Sunday that the approval followed the meeting...

March 31, 2019 No Responses

Shipping Firm Secures $407m Financing

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has decided to raise JPY 45 billion (USD 406.6 million) through a new subordinate loan. As informed, the loan proceeds will be used for the repayment of interest-bearing debts and capital expenditures...

March 31, 2019 No Responses

Analysts Make Assessment Of CBN’s Report Card Under Emefiele

The Central Bank of Nigeria Governor, Mr. Godwin Emefiele can be described as the proverbial cat with nine lives considering the storms he weathered in the past five years. Typically, in Nigeria’s political scene, it is usually not easy for...

March 31, 2019 No Responses

Adewale Martins: Preparedness, Good Planning Essential In Governance

By Odinaka Uruakpa — The Catholic Archbishop of Lagos Archdiocese, Most Rev (Dr.) Alfred Adewale Martins has called on Christians and Catholics in particular who have interest in serving the people to participate in politics, so as to make the...

March 31, 2019 No Responses

Photo News

L-R: President, Signis Nigeria, Lagos Archdiocese, Lady Neta Nwosu; Chairman, Lumen Christi Television, Prince Soji Olagunju; Catholic Archbishop of the Metropolitan See of Lagos, Lagos, His Grace, Most Rev. (Dr.) Alfred Adewale Martins; Priest in ...

March 30, 2019 No Responses

GTBank Links Nigeria Customs To Supreme Court Judgment

The management of Guarantee Trust Bank Plc (GTBank) has resolved to take all necessary legal steps to ensure that “no illegal or fraudulent execution is carried out against the Bank”. In a notice sent to the Nigerian Stock Exchange ...

March 30, 2019 No Responses

NPA, NIPR To Strengthen Collaboration

A renewed collaboration for the training of Public Relations personnel has been sealed between the Nigerian Ports Authority and the Nigerian Institute of Public Relations (NIPR). Under the collaboration, the NIPR will offer both local and foreign training for ...

March 30, 2019 No Responses

Med-View Airline Records N10.33b Loss, Laments Multiple Taxation

By citybusinessnews@yahoo.com – For the year ended December, 2018, Med-View Airline recorded loss after tax of N10.33Billion. In a notice to the Nigerian Stock Exchange (NSE) ahead of its 3rd Annual General Meeting (AGM), the company described the ...

March 30, 2019 No Responses

14 Years After, Wema Bank Shareholders To Get Dividend

The Board and Management of Wema Bank Plc has concluded plans to reward ts shareholders with dividend, 14 years after the exercise was suspended due to various challenges. For the year ended December 31, 2018, the Bank’s gross earnings increased....

March 30, 2019 No Responses

Appeal Court Returns NLNG, NIMASA Case To High Court

The Court of Appeal, Lagos Division has set aside the judgement of the Federal High Court, which had exempted the Nigerian Liquefied Natural Gas Limited (NLNG) from levies payable to the Nigerian Maritime Administration and Safety Agency (NIMASA) under the...

March 29, 2019 No Responses

Tinubu To FG: Don’t Increase VAT

All Progressive Congress (APC) National Leader and former Lagos State Governor, Bola Tinubu on Thursday advised the Federal Government not to increase the Value Added Tax (VAT). He explained that a new VAT regime will increase the burden of Nigerians....

March 29, 2019 No Responses

MPR Reduction: More Experts Laud CBN

The Lagos Chamber of Commerce and Industry (LCCI) has commended the Central Bank of Nigeria (CBN) for reducing the Monetary Policy Rate (MPR) by 50 basis points from 14 per cent to 13.5 per cent. Its Director-General, Mr. Muda Yusuf...

March 29, 2019 No Responses

SEC Extends Issuance of Dividend Warrants to Dec 2019

The securities and Exchange Commission (SEC) has extended the deadline for the discontinuance of the issuance of dividend warrants to 31st December 2019. This the SEC said is to enable relevant stakeholders deliberate on and address all outstanding issues...

March 29, 2019 No Responses

More Millionaires To Emerge In UBA Wise Savers Promo

As part of UBA’s commitment to support the savings culture in Africa, the bank is rewarding its loyal customers for saving towards their goals. A statement explained that so far, twenty customers have been rewarded with N1.5 million each has...