City BusinessNews, Author at City Business News

November 16, 2017 No Responses

Akeredolu lauds BPE’s privatisation agenda

Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, has commended the Bureau of Public Enterprises (BPE) for its reform and privatization transactions in the country, especially in the telecom sector which has deepened and transformed the Nigerian economy. Speaking when he received the...

November 16, 2017 No Responses

Dana Air Photo News

L-R Manager, Flight Ops and Quality Assurance, Captain Olukayode Ola, Dana Air’s Chief Pilot, Captain Jemitola Ayorinde, Accountable Manager/ Chief Operating Officer of Dana Air Obi Mbanuzuo and The Area Manager, South West IATA, Dr Samson Fatokun during...

November 16, 2017 No Responses

FG revokes residence permit of expatriate staff of six firms

The Federal Government, through the Nigeria Immigration Service (NIS), has revoked the residence permit of expatriate staff of six companies operating in the country. The Comptroller-General of the NIS, Mr Muhammad Babandede, announced this in Abuja on Wedn...

November 16, 2017 No Responses

Shareholders to Tinubu: You must resign to save Oando from further trouble

The crisis rocking Oando Plc assumed another dimension on Wednesday as a group of shareholders called on the embattled company’s management team led by its Group Chief Executive, Wale Tinubu to resign. President of the Trusted Shareholders’ Association...

November 15, 2017 No Responses

Labour seeks panel on new national minimum wage

By citybusinessnews@yahoo.com – The Association of Senior Civil Servant of Nigeria (ASCSN) has advised the Federal Government to constitute a panel to negotiate new national minimum wage. In an address delivered on Tuesday in Enugu b...

November 15, 2017 No Responses

Report predicts drastic drop in Vehicle sales

Global vehicle sales will decline over the next two decades as consumers embrace on-demand ride services such as Uber, according to a study by IHS Markit. Annual private vehicle sales in the U.S., Europe, China and India will decline over the...

November 15, 2017 No Responses

Market capitalisation depreciates by N124billion

Transactions on the floor of Nigerian Stock Exchange (NSE) ended on Tuesday in the negative territory as market capitalisation dropped by N124billion. Specifically, the market capitalisation lost N124 billion or 0.96 per cent to close at N12.789 trilli...

November 15, 2017 one Response

Egina FPSO gulps $3b, to arrive Nigeria in 2018

South Korean shipbuilder Samsung Heavy Industries (SHI) waved goodbye to Egina floating production storage and offloading (FPSO), which departed on a journey to Nigeria on October 31. Featuring a length of 330 meters, a width of 61 meters, the unit...

November 15, 2017 No Responses

IG explains withdrawal of Obiano’s ADC

The Inspector-General of Police (I-G), Mr Mohammed Idris, said the withdrawal of the Aide Camp (ADC) to Gov. Willie Obiano of Anambra was to prevent the re-occurrence of past experience. Idris gave the explanation during Election Stakeholders’ Forum organi...

November 15, 2017 No Responses

Diamond Bank customer wins car in western union promo

Diamond Bank customer, Mr Patrick Anyatonwu has emerged star prize winner of the just concluded ‘Western Union Back to School Promo” held at Diamond bank Awolowo road, Ikoyi branch, Lagos State. He was rewarded with a brand new Hyundai Accent salo...

November 14, 2017 No Responses

Gwarzo, SEC boss decries drop in e-dividend registrations, insists on December deadline

By citybusinessnews@yahoo.com – The Director General, Securities and Exchange Commission (SEC), Mounir Gwarzo on Monday in Lagos decried low investors enrollment to the e-dividend payment platform in the last three months. Speaking at the post Capi...

November 14, 2017 No Responses

Dangote Cement, Forte Oil, others lift market capitalisation by N66b

Transactions on the floor of Nigerian Stock Exchange (NSE) commenced on Monday on a positive as investors gained N66billion. At the end of the day’s transaction, Dangote Cement topped the gainers’ table recording N8.99 to close at N238 per...

November 14, 2017 No Responses

MV Demeter:Nigerian Pirates Free Crew

The crew of the Liberia-flagged containership MV Demeter has been released by Nigerian pirates, the Associated Press reports citing a spokesman for Peter Doehle Schiffahrts-KG, Cor Radings. According to Radings, the “seafarers are in good condition and have...

November 14, 2017 No Responses

Toyota to phaseout internal explosion engine by 2050

Toyota expects a inner explosion engine to be passed by 2050, and energy usually about 10% of cars as partial of hybrid systems from 2040 onwards. The prediction, announced by Seigo Kuzumaki, Toyota’s conduct of modernized RD and engineering, re-emphasises...