Author: City BusinessNews

Sony Acquires 90 % Stake In EMI Record With $2.3Billion
May 22, 2018 No Responses

Sony Acquires 90 % Stake In EMI Record With $2.3Billion

Sony says it has agreed to buy a controlling stake in EMI Music Publishing for $2.3bn (£1.71bn) as it looks to boost its music portfolio.  The deal would mean Sony would indirectly own about 90% of the record label and...
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Minister: 15 Revenue-Generating Agencies Did Not Remit N8.1trillion To Federation Account
May 22, 2018 No Responses

Minister: 15 Revenue-Generating Agencies Did Not Remit N8.1trillion To Federation Account

The Minister of Information and Culture, Alhaji Lai Mohammed, has said 15 revenue generating agencies of the federal government failed to remit N8.1 trillion to the Federation Account between 2010 and 2015. The Minister made the disclosure in Osogbo, Osun St...
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Winners Emerge In First Bank Visa Gold Card Promo
May 22, 2018 No Responses

Winners Emerge In First Bank Visa Gold Card Promo

First Bank of Nigeria Limited in partnership with Visa International has announced the emergence of two lucky winners, Mrs. Hadizat Bello and Mr. Ado Ibrahim Idris, in the just concluded FirstBank Visa Gold card issuance and usage promo. The promo...
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Lufthansa Makes Emergency Landing With 204 Nigerian passengers
May 22, 2018 No Responses

Lufthansa Makes Emergency Landing With 204 Nigerian passengers

A Lufthansa Airlines aircraft, flight LH569 from Nigeria to Frankfurt, Germany early Monday morning made an emergency landing at the TMR Airport in Algiers, Algeria over “electrical smell” in the cabin. The aircraft, Airbus A330, which departed the Murtala...
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COSCO Shipping In Strategic Alliance With GLP, Eshipping
May 22, 2018 No Responses

COSCO Shipping In Strategic Alliance With GLP, Eshipping

In an effort to boost growth, COSCO Shipping Ports has entered into a strategic alliance with GLP and Eshipping to develop terminal extended services and port supply chain platform.  The port operator has signed a cooperation memorandum of understanding (MOU...
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Pastor In Police Net For Allegedly Killing Woman With Concoction
May 22, 2018 No Responses

Pastor In Police Net For Allegedly Killing Woman With Concoction

The police in Lagos said they have arrested a 34-year-old Celestial Church pastor for allegedly giving a deadly concoction to one Ramat Audu which eventually resulted in her death. Lagos State Commissioner of Police, CP Edgal Imohimi, told newsmen on...
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Grimaldi Christens New Car, Truck Carrier
May 22, 2018 No Responses

Grimaldi Christens New Car, Truck Carrier

Grande Halifax, a pure car & truck carrier (PCTC) owned and operated by Italian Grimaldi Group, has been christened in Halifax, Nova Scotia. The christening ceremony for the 63,000-ton ship took place at Halterm/Autoport . Built at the Chinese shipyards o...
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‘APM Terminals Contributes N186b Annually To Nigeria’s Economy’
May 21, 2018 No Responses

‘APM Terminals Contributes N186b Annually To Nigeria’s Economy’

An impact assessment study conducted by a Denmark-based consulting firm, Quantifying Business Impacts on Society (QBIS) has revealed that the operation of leading global port operating company, APM Terminals in Nigeria created a total turnover of around USD610...
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Dakuku Peterside: Maritime Security Requires Commitment of All Stakeholders
May 21, 2018 No Responses

Dakuku Peterside: Maritime Security Requires Commitment of All Stakeholders

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Adol Peterside has stated that security in the Nigerian Maritime domain is a work in progress that requires the commitment of all stakeholders to ensure optimum...
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NCAA Partners Lagos On High-Rise Structure
May 21, 2018 No Responses

NCAA Partners Lagos On High-Rise Structure

The Nigerian Civil Aviation Authority (NCAA) and the Lagos State Government have elected to work together to curb the danger posed by unauthorised high-rise structures scattered around Lagos metropolis.  This collaboration, NCAA in a statement by Mr. Sam Adur...
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Commission Adopts Proposal On Ship Reporting
May 20, 2018 No Responses

Commission Adopts Proposal On Ship Reporting

The European Commission has adopted a proposal with a view to increased harmonization of ship reporting requirements when calling at ports within the EU. Earlier this year, Denmark on behalf of 13 EU member states sent the commission a letter...
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An Unprecedented Mix Of British tradition, Black-American Culture
May 20, 2018 No Responses

An Unprecedented Mix Of British tradition, Black-American Culture

The royal wedding of Prince Harry and Meghan Markle was grand in many ways, but perhaps the most striking aspect were the myriad collisions of American and British culture. The wedding was an unprecedented mix of royal pomp, British tradition,...
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EDO APC Affirms Anslem Ojezua As Chairman
May 20, 2018 No Responses

EDO APC Affirms Anslem Ojezua As Chairman

Anslem Ojezua has been affirmed the State Chairman of the Edo State Chapter of the All Progressives Congress (APC) at the party’s state congress held at Imaguero College Hall, on Sapele Road in Benin City, Edo State on Saturday. Ojezua...
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Investors Stake N14.2Billion On Zenith Bank, GTBank, UBA In Five Day
May 19, 2018 No Responses

Investors Stake N14.2Billion On Zenith Bank, GTBank, UBA In Five Day

Between Monday and Friday this week, investors on the floor of Nigeria Stock Exchange (NSE) staked N14.159Billion on Zenith Bank Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc.  Transactions in the Top Three Equities accounted for 491.649...
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