Author: City BusinessNews

Diamond Bank Explains N1.8B Revenue In Q1
May 12, 2018 No Responses

Diamond Bank Explains N1.8B Revenue In Q1

Diamond Bank Plc has declared growth in its mobile banking revenue from N1.2 billion in Q1 2017 to N1.8 billion in Q1 2018.   In its Q1 result released on the floor of Nigerian Stock Exchange (NSE), said Increases were...
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Panama Probes Treatment Of Tug Captains
May 12, 2018 No Responses

Panama Probes Treatment Of Tug Captains

A Panamanian government agency is to launch an inquiry into the Panama Canal Authority’s treatment of tugboat captains, the International Organization of Masters, Mates & Pilots (MM&P) said. The Autoridad Nacional de Transparencia Internacional (ANTA...
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Nigeria Seals Agric Mechanization Partnership With John Deere, To Promote Local Content, Training
May 11, 2018 No Responses

Nigeria Seals Agric Mechanization Partnership With John Deere, To Promote Local Content, Training

citybusinessnews@yahoo.com  –  Barely two weeks after a business meeting with President Muhammadu Buhari in Washington DC, United States of America (USA), representative of Agricultural equipment manufacturers,  John Deere are in Nigeria to hold furth...
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Port Workers Begin Nation-Wide Strike
May 11, 2018 No Responses

Port Workers Begin Nation-Wide Strike

Workers across Italian ports launched a 24-hour strike on May 11, voicing their dissatisfaction over the lack of lashing legislation enforcement and poor safety in Italian ports. The strike is lead by unions FILT CGIL, Fit Cisl and Uiltrasporti Nazionale,...
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Rolls-Royce £200,000 SUV Debuts
May 11, 2018 No Responses

Rolls-Royce £200,000 SUV Debuts

Rolls-Royce has become the latest luxury car maker to launch an SUV. Chief executive Torsten Müller-Ötvös said the new Cullinan, which will cost more than £200,000, was a “seminal” moment and probably the “most anticipated” Rolls-Ro...
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Nigeria To Mobilise More Revenues For Growth, Says Adeosun
May 11, 2018 No Responses

Nigeria To Mobilise More Revenues For Growth, Says Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, disclosed on Thursday that the Federal Government would mobilise more revenues to drive its growth plan for the economy.   The Minister made this known in Abuja at a meeting with a World...
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Ethiopian Airlines, Air Côte d’Ivoire Seal Agreement On West Africa, US routes
May 11, 2018 No Responses

Ethiopian Airlines, Air Côte d’Ivoire Seal Agreement On West Africa, US routes

The managements of Ethiopian Airlines and Air Côte d’Ivoire have entered into a codeshare agreement effective May, 2018.  Under the new codeshare partnership, passengers originating from West African countries, especially from Lagos, Bamako, Cotonou, Accra...
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CBN: Banks Are Sabotaging Our Efforts On New Notes
May 11, 2018 No Responses

CBN: Banks Are Sabotaging Our Efforts On New Notes

The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new ones in the country. Mr Isaac Okorafor, Acting Director, Communications Department of the CBN, made the allegation in Lagos on...
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Nigerian To Sue US Customs Over $41,000 Seizure
May 11, 2018 No Responses

Nigerian To Sue US Customs Over $41,000 Seizure

A Nigerian woman is suing the US customs agency after it seized tens of thousands of dollars which was earmarked to build a free medical clinic in Imo state.  According to the Washington Post, Anthonia Nwaorie was carrying $41,000 (£30,000)...
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NSE Photo News
May 11, 2018 No Responses

NSE Photo News

L – R::Tinuade Awe, Executive Director, Regulation, The Nigerian Stock Exchange (NSE) presenting a replica of the closing gong to Scott Wilson, Chief Investment Officer (CIO), Washington University Management Co. Limited, Missouri, USA during  a courtesy vi...
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Forum Explores SME Access To Funding Through Capital Markets
May 10, 2018 No Responses

Forum Explores SME Access To Funding Through Capital Markets

The public sessions of the International Organization of Securities Commissions (IOSCO) opened on Thursday with special focus on Small and Medium Enterprises (SME) access to funding through capital markets.  Members also explored the sale of unsuitable produc...
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BW LNG Unveils New Vessel
May 10, 2018 No Responses

BW LNG Unveils New Vessel

Shipping company, BW LNG, part of BW Group has splashed its newbuilding Floating Storage Regasification Unit (FSRU). The vessel BW Courage, with hull number 2488, was launched at Daewoo Shipbuilding & Marine Engineering’s (DSME) shipyard in Geoje, S...
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Wema Bank Assures Shareholders On Dividend Payment, Declares N65.27B Gross Earnings
May 10, 2018 No Responses

Wema Bank Assures Shareholders On Dividend Payment, Declares N65.27B Gross Earnings

Moses Ebosele, ebosele@hotmail.com –  “The day we begin to give you what you want (dividend),there will be no going back. Very soon we will be in a position to give you what you want. No management or board want to come...
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AMERC Lauds SEC As Nigeria Hands Over To Kenya
May 10, 2018 No Responses

AMERC Lauds SEC As Nigeria Hands Over To Kenya

The Securities and Exchange Commission (SEC) Nigeria has been commended on its tirelessness, professionalism and dedication among others while it hosted the secretariat of the Africa and Middle East Regional Committee (AMERC) of the International Organisation ...
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