City BusinessNews, Author at City Business News

July 9, 2018 No Responses

SEC Nigeria Faults Report On MTN, IPO

The Securities and Exchange Commission (SEC) has said neither MTN Nigeria Limited nor any of its advisers or representatives has filed any application with the Commission regarding an Initial Public Offering (IPO). The Commission in a Circular in Abuja weekend...

July 9, 2018 No Responses

Customs Zone ‘A’ Records N8.6b, Impounds 167 Vehicles In Six Months

The Nigeria Customs Service, Federal Operations Unit, Zone ‘A’ Ikeja, Lagos intercepted various contraband with a duty paid value (DPV) of Eight Billion, Two Hundred and Fourteen Million, Four Hundred and Eighty Six Thousand, Seventy Two Naira, Seventy F...

July 9, 2018 No Responses

LNG: Japan To Launch First Bunkering Vessel in 2020

Central LNG Shipping Japan Corporation (CLS) has placed an order for a 3,500 m3 LNG bunkering vessel (LBV) on July 6, the first to be operated in Japan. The joint venture company, established by Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota...

July 8, 2018 No Responses

Hyundai Merchant Marine Receives Two Mega Containerships

The two 11,000 TEU sister ships, HMM Blessing and HMM Promise, were handed over to their owner on June 26 and 30, respectively. Originally ordered by Greek-based Oceanbulk Container Carriers in 2014, the ships were transferred to HMM as part...

July 8, 2018 No Responses

Croatia Stops Russia

Russia’s remarkable World Cup run ended in a heart-breaking quarter-final defeat on penalties as Croatia bounced back from a late extra-time equaliser to set up a last-four meeting with England. Defender Mario Fernandes, who had brought his side level th...

July 7, 2018 No Responses

Mercedes-Benz Records 1.18m Sales In Six Months

Moses Ebosele, citybusinessnews@yahoo.com – Between January and June, this year, Mercedes-Benz maintained its position as the premium brand with the most new registrations in several markets, including Germany, France, Russia, Switzerland, Por...

July 7, 2018 No Responses

Dana Air Reward Scheme Hits 18,000 Membership

Dana Air has rebranded its Dana Miles loyalty programme to Dana Miles Club This is as the airline confirmed that the membership of the reward programme has reached a record 18,000 Speaking to newsmen in Lagos, the Media and Communications...

July 7, 2018 No Responses

SIFAX Haulage Boss To FG: Fix Dilapidated Roads

Adewale Adetayo, General Manager, SIFAX Haulage & Logistics Limited has urged the Federal Government to fix all the major dilapidated roads scattered all round the country in a bid to boost the fortunes of the haulage sector. According to him,...

July 7, 2018 No Responses

Tony Elumelu Pledges N500m For Delta Entrepreneurship Scheme

Tony Elumelu Foundation (TEF) Founder and Chairman of United Bank for Africa (UBA), Tony O. Elumelu, CON has pledged N500 million to create an entrepreneurship programme exclusive to indigenes of Delta State. He made the pledge after presenting 50 beneficiar...

July 6, 2018 No Responses

Dakuku In London, Explains NIMASA, IMO Technical Cooperation

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stated that Nigeria will continue to seek continued technical cooperation and support from the International Maritime Organization (IMO) in ord...

July 6, 2018 No Responses

New BMW X5 Gets $61,695 Price Tag

Scheduled to go on sale in November, the 2019 BMW X5 will cost $61,695 for a turbo-6-powered, all-wheel-drive, Louis Vuitton transportation device, the automaker has announced. Stepping up to the V-8-powered X5 xDrive50i will add a breathtaking $15,050 to the....

July 6, 2018 No Responses

“NNPC Pays $1b Out Of $5b Cash Call”

The Nigerian National Petroleum Corporation (NNPC) has paid $1billion out of its $5billion cash call. The Group Managing Director, Dr. Maikanti Baru stated this in Abuja while addressing the corporation’s workers via a mail broadcast to commemorate his two-y...

July 6, 2018 No Responses

NSE Photo News

L – R:: Mr. Melville Ebo, Executive Director, Finance & Corporate Services, Federal Mortgage Bank Nigeria (FMBN); Arc. Ahmed Musa Dangiwa, Managing Director/CEO, FMBN; Mr. Bola Adeeko, Head, Shared Services Division, The Nigerian Stock Exchange (NSE); Dr...

July 5, 2018 No Responses

DMO: Nigeria Has Subsisting Debt Management Strategy

The Debt Management Office (DMO) on Wednesday refuted a report published by a national daily that the country had no debt management strategy. The Director-General of DMO, Ms. Patience Oniha, in a statement issued by the Office, disclosed that...