City BusinessNews, Author at City Business News

August 17, 2018 No Responses

NNPC Seeks Clarification On Proposed Petroleum Asset Management Company

The Nigerian National Petroleum Corporation (NNPC) on Thursday sought clarification on the funding structure of the proposed Nigerian Petroleum Asset Management Company (NPAMC) in the Petroleum Industry Governance Bill (PIGB). Dr Maikanti Baru, the Group Managing Director (GMD), sought...

August 17, 2018 No Responses

NIMASA Boss Seeks Maritime Data Bank

The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that the Agency is pushing for a single data window system of all activities in the Nigerian maritime sector in such a way that...

August 17, 2018 No Responses

PILOTAGE DISTRICTS BOARD MEMBERS RECOMMEND URGENT REVIEW OF 1999 PORTS ACT

Members of the newly reconstituted Nigerian Port Authority (NPA) Pilotage Districts Boards have recommended the urgent review of relevant sections on pilotage in the Ports Act of 1999, to reflect the present dynamics of the industry. The members in a...

August 16, 2018 No Responses

FRSC Identifies 45 Corridors, Explains Alternative Routes

As part of strategies put in place by the Federal Road Safety Corps (FRSC) to trend down road traffic crashes, the Corps Marshal, Dr Boboye Oyeyemi, has directed the Corps’ Operatives (Regular and Special Marshals) to effectively cover 45 Corridors...

August 16, 2018 No Responses

New Zealand Bans Sales Of Homes To Foreigners

New Zealand’s parliament has banned many foreigners from buying existing homes in the country – a move aimed at making properties more affordable. The ban only applies to non-residents. Australians and Singaporeans are exempt because of free-trade ...

August 16, 2018 No Responses

Dakuku: NIMASA Floating Dockyard To Save Nigeria N36B

The multimillion dollar floating Dockyard owned by the Nigerian Maritime Administration and Safety Agency (NIMASA) which arrived the country recently will save the Country millions of dollars in capital flight once operational. The Director General of the A...

August 16, 2018 No Responses

MTN Secures N200B Deal With Citibank, UBA, 10 Others

MTN Nigeria on Wednesday in Lagos signed a seven-year medium term loan agreement of N200 billion with a consortium of 12 lenders. The lenders are: Citibank Nigeria, UBA, Diamond Bank, Ecobank, Fidelity Bank Plc First Bank, FCMB, FSDH Merchant Bank, Rand...

August 16, 2018 No Responses

GOCOP Demands Release of PREMIUM TIMES Journalist

The Guild of Corporate Online Publishers (GOCOP) has demanded the immediate release of PREMIUM TIMES Security Reporter, Samuel Ogundipe, detained by the Nigeria Police Force for carrying out his constitutional duty. A statement signed by the Guild’s Publicit...

August 15, 2018 No Responses

SIFAX Group In Gambia, Secures Multi-Million Dollar Dry Port Contract

The management of SIFAX Group has signed a Memorandum of Understanding (MOU) with the Government of Gambia to build and operate a dry port in the country’s capital, Banjul. A dry port (sometimes inland port) is an inland intermodal terminal...

August 15, 2018 No Responses

SNEPCo Seeks Diversification Roadmap

The Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari, has harped on economic diversification as a panacea for job creation and rapid economic growth of Nigeria. He spoke at the just-concluded annual conference and ex...

August 15, 2018 No Responses

Presidency: No Foreign Pressure On Buhari To Drop 2nd Term Bid

By Femi Adesina – It is necessary to respond to a tendentious story published today as cover choice by Daily Independent Newspaper. Under the headline, ‘Pressure mounts on Buhari not to seek re-election,’ the fiction parading as news claims...

August 15, 2018 No Responses

Nigeria Unveils Agenda For Two Additional Refineries

The Nigerian National Petroleum Corporation (NNPC) says it has plans to establish 100,000-barrels-per-day brownfield refineries in Port-Harcourt and Warri to boost local refining of crude oil in the country. The Group General Manager, Group Public Affairs Di...

August 15, 2018 No Responses

Nigeria Lifts Forex Market With $210m

The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting yet another sum of $210,000,000 into various sums of the market on Tuesday, August 14, 2018. At Tuesday’s trading, the Bank offered...

August 15, 2018 No Responses

NPA Boss Implores Pilotage Boards On National Interest

The Managing Director, Nigerian Ports Authority (NPA) Hadiza Bala Usman has charged members of the newly inaugurated pilotage boards to see their appointments as a “call to serve the nation in the national interest”. She therefore implored the appointees t...