City BusinessNews, Author at City Business News

November 7, 2017 No Responses

TinCan Island Port generates N237.26b revenue in 10 months

Between January and October, this year, the Nigeria Customs Service, Tincan Island Port Apapa Lagos,generated N237.26 billion revenue, compared with N207.93 billion recorded in the corresponding period in 2016. In a statement on Monday, the Controller of the command, Comptroller...

November 6, 2017 No Responses

Online shopping comes under scrutiny

China has created a new law to impose heavy fines on internet shopping websites which publish false advertisements about their products. Vendors who delete negative online reviews or post fake positive reviews face a minimum $30,000 (£23,000) fine. The new...

November 6, 2017 No Responses

NAHCO appoints Idris Yakubu Managing Director

The Board of Nigerian Aviation Handling Company Plc (Nanco Aviance) has approved the appointment of Mr Idris Yakubu as the substantive Managing Director/Chief Executive Officer of the company with effect from November 3, 2017. Yakubu replaces Mrs Folashade ...

November 6, 2017 No Responses

Lagos to unveil more waterways security

Lagos State Governor, Akinwunmi Ambode on Sunday inaugurated three executive boats procured strictly for official use by the state government. The governor said during the inauguration at the Caverton Jetty on Victoria Island that the government had made sev...

November 6, 2017 No Responses

Edo seeks new investor for Ava Cement Factory

The Governor of Edo State, Mr Godwin Obaseki, has said the state is negotiating with the Assets Management Corporation of Nigeria (AMCON) to get a new investor for Ava Cement Factory located in the state. Obaseki announced this at Igarra,...

November 6, 2017 No Responses

Security report predicts peaceful guber polls in Anambra

A Pre-Election Security Assessment report has predicted that the Noveber 18, 2017 Anambra Governorship Election would be generally peaceful. The report according to the Independent National Electoral Commission (INEC), Director of Publicity and Voter Educati...

November 6, 2017 No Responses

Toyota seeks more investments in Israeli auto tech, robotics

Japan’s Toyota Motor Corporation is seeking more investments in Israeli robotics and vehicle technologies after its venture arm led a $14 million investment in Intuition Robotics in July. The startup, which makes robots for the elderly, was the first....

November 6, 2017 No Responses

27 killed in Texas church shooting

More than 20 people have been killed after a gunman opened fire at a church during Sunday services, police say. The attack happened at the First Baptist Church in Sutherland Springs, a small town in Wilson County, Texas. The gunman,...

November 5, 2017 No Responses

IOSCO unveils peer review, regulation of money market funds

The Board of the International Organization of Securities Commissions (IOSCO) has published two update reports titled update to the IOSCO peer review of regulation of money market funds and update update to the IOSCO peer review of implementation of incentive....

November 5, 2017 No Responses

FRSC to deploy 2,000 personnel, 100 vehicles for Anambra polls

The Federal Road Safety Corps (FRSC) is to deploy additional 2,000 personnel and 100 vehicles for the Nov. 18 gubernatorial election in Anambra. Its Public Education Officer, Mr Bisi Kazeem, disclosed this in a phone interview with the News Agency...

November 5, 2017 No Responses

NAJA names Ade-Ojo icon of auto industry

A foremost industrialist and automobile business legend, Chief Michael Ade-Ojo, is set to be honoured as an icon of the Nigeria’s auto industry by the Nigerian Auto Journalists Association. Ade-Ojo, who is the founder of Elizade Nigeria Limited and Chairman....

November 5, 2017 No Responses

Presidency explains list of Buhari’s appointments

The Presidency on Saturday released a full list of all the appointments made by President Muhammadu Buhari since he assumed office on May 29, 2015. The Special Adviser to the President on Media and Publicity, Femi Adesina, who released...

November 4, 2017 No Responses

France cuts Renault stake to 15 percent

France is selling a 4.73 percent stake in carmaker Renault, a government investment agency has said, paring the holding back to the 15-percent level that had preceded a 2015 power struggle over voting rights. The APE state holding agency said...

November 4, 2017 No Responses

FG to distribute 13m nets

The Federal Government says it will distribute 13 million Long Lasting Insecticidal Nets (LLINs) in collaboration with other stakeholders in six selected states. The Minister of Health, Prof. Isaac Adewole, made this known on Friday in Yola at the flag-off o...