City BusinessNews, Author at City Business News

June 22, 2017 No Responses

SEC commends DMO, CBN, PENCOM on N100B Sukuk

The Securities and Exchange Commission (SEC) has commended the Debt Management Office (DMO) onarrangements to issue the maiden N100.0 Billion Sukuk in the Nigerian Capital Market. In a statement by the SEC “This is a major milestone for Nigeria as it will catalyze the development...

June 22, 2017 No Responses

Bank of Industry seeks partnership with Edo State Govt

The Managing Director and Chief Executive Officer (MD/CEO) of Bank of Industry, Mr. Pitan Olukayode has indicated the bank’s interest to seek more areas of collaboration with the Edo government. Assuring of the bank’s readiness to support the initiative...

June 21, 2017 No Responses

Governors endorse peer advisory mechanism, targets zero hunger by 2030

Five state Governors in Nigeria have endorsed a peer advisory mechanism to enable them monitor the implementation of their state-grown agricultural plans with a view to ending hunger by 2030. The peer advisory mechanism is a brainchild of the Nigeria...

June 21, 2017 No Responses

Harmonisation of standard operating procedures critical to 24-hour activities at Seaports, says Hassan Bello, NSC boss

The Executive Secretary of Nigerian Shippers Council (NSC), Hassan Bello, has emphasized the need to harmonize and streamline Standard Operating Procedure at the nation’s Seaports. Speaking at a one day town hall meeting on 24-hour operations at Seaports...

June 21, 2017 No Responses

FG to purchase four new locomotives

To further enhance movement of goods and passengers along Abuja-Kaduna rail route, the Federal Government on Tuesday announced plans to purchase four new locomotives before the end of August, 2017. Speaking during the inspection of the Kaduna Inland Dry...

June 21, 2017 No Responses

UBA emerges financial brand of the decade

Foremost financial institution, United Bank for Africa (UBA) Plc has emerged Financial Brand of the Decade. The award ceremony, put together by Marketing Edge, is in recognition of UBA’s innovative and pacesetting role. Also, the award is a product...

June 20, 2017 No Responses

INTELS: De-categorization of port terminals will lead to loss of Govt revenue

De-categorization of port terminals by Nigerian Ports Authority (NPA) will result in huge revenue loss to the Federal Government, INTELS Nigeria Limited has said. In his witness statement on oath filed at the Federal High Court Abuja in a case...

June 20, 2017 No Responses

Hyundai unveils Kona SUV

Hyundai has unveiled the latest vehicle in its expanding line-up of stylish Sports Utility Vehicles (SUVs), the Kona compact SUV. With a strong, impactful design and uncompromised individuality, the Kona is designed to appeal to modern customers with active...

June 20, 2017 No Responses

AfDB, UBA, Wema Bank, others to finance ABUAD projects

African Development Bank (AfDB) in collaboration with four Nigerian Banks have signed Memorandum of Understanding (MoU) to provide Project Finance facilities to Afe Babalola University (ABUAD), Ado Ekiti, for the execution of various projects under the Unive...

June 20, 2017 No Responses

Heritage Bank agent outlets hit 400, debuts in Badagry

As part of its ongoing expansion agenda, Heritage Bank Plc has deepened its retail banking structure by growing its agent banking base to 400 ‘Corner Shops.’ According to the Bank, this is in line with the financial inclusion strategy of...

June 20, 2017 No Responses

BPE Photo News

Mr. Alex A.Okoh, Director General of Bureau of Public Enterprises (Left) during a working visit to Hajia Kadijat Buka Abba Ibrahim, the Minister of State for Foreign Affairs in Abuja.

June 20, 2017 No Responses

maritime transport policy critical to national economic growth, says NIMASA DG

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stated that Nigeria is in dire need of a Maritime Transport policy which will complement the existing National Transport Policy and advance the c...

June 20, 2017 No Responses

NSE Photo News

L – R: Bunmi Akinremi, Deputy Group CEO, United Capital Plc ; Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE) and Jude Chiemeka, MD/CEO, United Capital Asset Management at the Listing of United Capital Eu...

June 19, 2017 No Responses

FG distributes 200 rice mills to farmers, begins training of 3000 Agro Rangers

Minister of Agriculture and Rural Development, Chief Audu Ogbeh has approved the distribution of 200 rice mills to farmers across the country. Speaking during an interactive session with a team of social media influencers in Abuja at the weekend,...