City BusinessNews, Author at City Business News

July 20, 2018 No Responses

Total MD Faces Arrest Over $1B Pipeline Contract

The Senate Committee on Gas, investigating $1billion pipeline contract, has threatened to issue warrant of arrest on Managing Directors, Total and Saipem, if they fail to appear in person on Tuesday. The Chairman of the committee, Senator Basset Akpan, gave...

July 20, 2018 No Responses

Airlines Seek Level Playing Field For Private Operators, Nigeria Air

Some domestic airline operators on Thursday urged the Federal Government to ensure a level playing field for them and the new national carrier. The airlines spoke at the 22nd Annual Seminar and Award of the League of Airports and Aviation...

July 20, 2018 No Responses

More Winners Emerge In Diamondxtra Season 10

More winners have emerged in the DiamondXtra Season 10 scheme as the Bank recently unveiled 1,016 winners in the second quarterly draw held at its Asa – Afariogun, Ajao Estate, Lagos branch. Addressing journalists after the draw, Osita Ede,...

July 20, 2018 No Responses

Kia Niro EV Crossover Debuts

The new Kia Niro EV is now on sale in Korea, combining an all-electric, zero-emissions powertrain with crossover practicality, intelligent packaging and eye-catching design. A long-distance driving range of up to 385 kilometers makes it one of the most capable...

July 20, 2018 No Responses

Firm Ships 1st LNG Cargo To China

Russian gas company PAO Novatek has shipped its first cargoes of liquefied natural gas (LNG) from the Yamal LNG project to China via the Northern Sea Route. To commemorate the occasion, the arrival of LNG carriers Vladimir Rusanov and Eduard...

July 19, 2018 No Responses

GTBank, Okomu Oil, FBN Holdings, Oando, Others Sustain Sliding Profile

More firms on the floor of Nigeria Stock Exchange (NSE) sustained sliding profile on Wednesday as Bears maintained dominance for the third consecutive trading days. At the end of the day’s trading, the All-Share Index lost 215.52 points or 0.58...

July 19, 2018 No Responses

NPA Boss Seeks Improved Intermodal Freight Transport, Logistics Value Chain

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman has said that a lot still needs to be done “particularly in synergising efforts and fine-tuning grey areas” in order to ensure continuous improvement in the nation’s inter modal fre...

July 19, 2018 No Responses

Excitement, Celebration As Ethiopia-Eritrea Commercial Flight Takes Off After 20 Years

The first commercial flight from Ethiopia to Eritrea in 20 years took off early on Wednesday, sealing a stunning reconciliation between the former enemies a week after they ended their military standoff. More than 400 passengers boarded two Ethiopian Airline...

July 19, 2018 No Responses

Reactions Trail Proposed New National Carrier

Mixed reactions on Wednesday trailed the unveiling of the name and logo of the proposed new national carrier by the Minister of State for Aviation, Sen. Hadi Sirika. Sirika had unveiled the name of the new carrier as “Nigeria Air’’...

July 19, 2018 No Responses

Nigerian Senate Probes Ibe Kachikwu

The Nigerian Senate on Wednesday directed its Committee on Petroleum Resources (Upstream) to investigate alleged irregularities in the oil and gas sector lease renewal. The upper chamber explained that the lease renewal being undertaken by the Minister of St...

July 19, 2018 No Responses

Buhari, Others Mourn Former CJN, Aloysius Katsina-Alu

President Muhammadu Buhari sends condolences to the family and friends of former Chief Justice of Nigeria, Justice Aloysius Iyorgyer Katsina-Alu, who passed away on Wednesday. President Buhari joins the government and people of Benue State, Nigerian Bar Associ...

July 18, 2018 No Responses

NSC Tasks Terminal Operator On Automation

The Nigerian Shippers’ Council (NSC) has called on terminal operators to embrace automation system for cargo clearance. The Executive Secretary and Chief Executive Officer of the Council, Mr. Hassan Bello made the call when he led the agency’s management t...

July 18, 2018 No Responses

Nigeria Explains N228.9b For 2019 Polls

President Muhammadu Buhari has forwarded a letter to the National Assembly seeking N228,854,008,215 from the N9.12 trillion 2018 budget to fund the 2019 general election and other critical projects. According to Buhari, the N228.9 billion from N578,319, 9...

July 18, 2018 No Responses

IITA, Washington Varsity To Tackle Poverty, Youth Unemployment

The International Institute of Tropical Agriculture (IITA) and the Washington University in St. Louis (WUSTL) are exploring areas of collaboration that would address poverty, hunger, and youth unemployment in Africa. According to IITA, the plan is to leverag...