City BusinessNews, Author at City Business News

February 8, 2018 No Responses

NLNG presents $200,000 to 2017 Literature, Science Prizes winners

Nigeria LNG (NLNG) Limited, on Wednesday at a Public Presentation in Lagos, formally presented The Nigeria Prize for Literature and The Nigeria Prize for Science, which come with a cash prize of $100,000 each, to four winning entries that emerged...

February 8, 2018 No Responses

FG re-appoints Consortium of Banks to implement $2.5b Euro bond

The Federal Government has announced the re-appointment of a consortium of banks including Citi Group, Standard Chartered, Stanbic IBTC, Whitten-Case and African Practice to implement its 2.5billion dollars Eurobond scheme. The Minister of Finance, Mrs Kemi Ad...

February 7, 2018 No Responses

NPA boss at Ikorodu lighter terminal, flags off export of solid minerals

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman on Wednesday flagged off the first export consignment of manganese, a solid mineral resource from the Ikorodu lighter Terminal. Bala Usman also used the opportunity to explain that.....

February 7, 2018 No Responses

NNPC task force arrest two managers of Azman filling stations over alleged diversion

As part of efforts to sanitize the fuel supply and distribution system to eliminate the queues, the Nigerian National Petroleum Corporation (NNPC) has stepped up the arrest and prosecution of erring marketers and fuel hawkers across the country. A...

February 7, 2018 No Responses

Photo News

L-R: Mr. Henry Ajoh, General Manager, SIFAX Shipping Company Limited; Otunba Kunle Folarin, Chairman, Nigerian Ports Consultative Council (NPCC); Mr. Hassan Bello, Executive Secretary/CEO, Nigerian Shippers’ Council; Prince Olayiwola Shittu, National Preside...

February 7, 2018 No Responses

Labour faults reinstatement of NHIS Boss

Alarmed that President Muhammadu Buhari reinstated the suspended Executive Secretary, National Health Insurance Scheme (NHIS), Professor Usman Yusuf, organsied Labour under the umbrella of Association of Senior Civil Servants of Nigeria (ASCSN), has stated tha...

February 7, 2018 No Responses

BUA Group to establish N7.5b hospital in Kano

Alhaji Abdulsamad Rabiu, Chief Executive Officer, BUA Group has disclosed plan to build a N7.5 billion ultra-modern specialist hospital in Kano State as part of measures to curtail rate of medical tourism in the country. This was disclosed in a...

February 7, 2018 No Responses

Customs impounds four Rolls-Royce, Jaguar, 29 others worth N1.4billion

The Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone ‘A’ Ikeja, has impounded 31 vehicles including four Rolls Royce. Others include one Porche Panamera, one Jaguar, one Bentley, two Lexus Sports Utility Vehicles, One Toyota Land Crui...

February 7, 2018 No Responses

Edo inaugurates Technical Committee on Privatisation, Commercialisation

Edo State Governor, Mr. Godwin Obaseki, has inaugurated a 10-man Technical Committee on Privatisation and Commercialisation (TCPC), which will take inventory of all non-operational enterprises owned by the state government and provide guidelines for their priv...

February 6, 2018 No Responses

Okomu oil palm unveils agenda for new plantation

Okomu Oil Palm Company Plc has notified its shareholders and other stakeholders of plan to unveil new plantation. According to the company, the new plantation referred to as Extension 2 will be commissioned by Governor of Edo State, Godwin...

February 6, 2018 No Responses

NPA to sanction terminal operators over huge debt

The Nigerian Ports Authority (NPA) is to withdraw its services from some terminal operators over unspecified huge debt. Reviewing NPA’s 2017 activities, Managing Director, Hadiza Bala Usman said efforts are ongoing to compel the terminal operators to sett...

February 6, 2018 No Responses

Buhari signs Air Services Agreements with China, Qatar, Singapore, Others

President Muhammadu Buhari on Monday in Abuja signed the Instruments of Ratification of the Bilateral Air Services Agreements between Nigeria and Algeria; Congo; the People’s Republic of China; Qatar and Singapore. Malam Garba Shehu, the President’s Seni...

February 6, 2018 No Responses

CBN injects $210m into foreign exchange market

Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various segments of the market. Giving a breakdown of the amount, the acting Director, Corporate...

February 5, 2018 No Responses

Total to sell 25% stake to Qatar Petroleum

French oil and gas group, Total, has agreed to sell a 25 per cent stake in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum, in a deal which Total said would strengthen its ties with the Qatari group....