Author: City BusinessNews

Ecobank faults closure of branches by Anambra State Internal Revenue Board
June 2, 2017 No Responses

Ecobank faults closure of branches by Anambra State Internal Revenue Board

Branches of Ecobank Nigeria Limited in Anambra State were on Thursday June 1, 2017 sealed on the authority of the Anambra State Board of Internal Revenue.   The Bank in a statement explained that the closure was  based on a...
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NPA reiterates collaboration with Chamber of Shipping
June 2, 2017 No Responses

NPA reiterates collaboration with Chamber of Shipping

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has reiterated the agency’s resolve to collaboare with the Nigerian Chamber of Shipping and all stakeholders in the Ports Industry. Speaking, when she hosted members of the Chambe...
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NPA Photo News
June 2, 2017 No Responses

NPA Photo News

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman (Middle); British Deputy High Commissioner, Laure Beautis (left) and Alessandra Lustrati of the Department for Foreign International Development (DFID) and Private Sector Adviser, both ...
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Senate Scraps Customs Board
June 1, 2017 No Responses

Senate Scraps Customs Board

The Senate chamber of Nigeria’s National Assembly on Wednesday scrapped the Governing Board of the Nigerian Customs Service (NCS), replacing it with the establishment of the Nigerian Customs Commission.   The development follows a clause by clause considera...
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Heirs Holdings appoints Emmanuel Nnorom as Group Chief Executive
June 1, 2017 No Responses

Heirs Holdings appoints Emmanuel Nnorom as Group Chief Executive

The Board of Heirs Holdings on Wednesday announced the appointment of Emmanuel Nnorom as Group Chief Executive Officer.   Mr Nnorom previously served as chief executive of Heirs Holdings’ affiliate Transnational Corporation of Nigeria Plc and will join the ...
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Lagos secures FG’s approval to reconstruct Airport Road
June 1, 2017 No Responses

Lagos secures FG’s approval to reconstruct Airport Road

Acting President, Professor Yemi Osinbajo has granted permission to the Lagos State Government to embark upon a total reconstruction of the International Airport Road from Oshodi.  In a Statement signed on Wednesday by the Secretary to the State Government, M...
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Ooni implores NPA, stakeholders on trade facilitation, packaging, AGOA
June 1, 2017 No Responses

Ooni implores NPA, stakeholders on trade facilitation, packaging, AGOA

The Ooni of Ife, His Imperial Majesty, Enitan Adeyeye Ogunwusi Ojaja II, has challenged stakeholders to uphold and take advantage of the African Growth Opportunity Act (AGOA).   Specifically, the Ooni, who spoke in Lagos at a forum comprising of representati...
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With a price tag of $13m, Rolls-Royce unveils Sweptail
June 1, 2017 No Responses

With a price tag of $13m, Rolls-Royce unveils Sweptail

By Benjamin Zhang, Business Insider       On Saturday, Rolls-Royce unveiled a one-off custom build called the Sweptail. At a reported price of nearly $13 million, it is believed to be the most expensive new car ever commissioned, The Telegraph reported......
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Evolving the capital markets ecosystem
June 1, 2017 No Responses

Evolving the capital markets ecosystem

By Adena Friedman –    As we work to improve both public and private markets, companies of all sizes will have a clearer path to grow and innovate     I  chose a career in financial services, and in particular the...
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NSE Photo News
June 1, 2017 No Responses

NSE Photo News

L – R: Arc. Eddy Eguavoen, Non-Executive Director, Mixta Real Estate (Nigeria) Plc; Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE) and Hon. Justice George Oguntade (Rtd JSC), (CFR,CON),Chairman, Mixta Real Estate (Nigeria) P...
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Production of Vaccine: FG approves N2.5b JV with May & Baker
June 1, 2017 No Responses

Production of Vaccine: FG approves N2.5b JV with May & Baker

The Federal Executive Council (FEC) has approved N2.5billion Joint Venture (JV) agreement between the Federal Government and May & Baker  Plc to produce vaccines from 2017 to 2021. Briefing Journalists after the FEC meeting on Wednesday, the  Minister of...
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NPA intensifies surveillance, bans touts from Seaports
May 31, 2017 No Responses

NPA intensifies surveillance, bans touts from Seaports

The Nigerian Ports Authority (NPA) has intensified security surveinance at all Seaports in the country in compliance with an Executive Order issued by Acting President, Prof Yemi Osinbajo.    Under the arrangement, all touts and hawkers are now banned in...
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CBN enhances Naira with $482.6m
May 31, 2017 No Responses

CBN enhances Naira with $482.6m

 As part of ongoing efforts, the Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million.   A statement issued by its Acting Director, Corporate Communications, Isaac Okorafor, in Abuja explained that...
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Gowon, Obasanjo, Adesina, Elumelu, others to speak at IITA’s 50th anniversary
May 31, 2017 No Responses

Gowon, Obasanjo, Adesina, Elumelu, others to speak at IITA’s 50th anniversary

Two former heads of state of Nigeria, Dr Yakubu Gowon, and Chief Olusegun Obasanjo will be among dignitaries that would grace the 50th anniversary celebration of the International Institute of Tropical Agriculture (IITA) in Ibadan on 24 July.   The...
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