Author: City BusinessNews

Sterling Bank bags best award in financial inclusion
November 28, 2017 No Responses

Sterling Bank bags best award in financial inclusion

Sterling Bank Plc, has won the best company in financial inclusion award at the SERAs CSR Africa 2017 awards held in Lagos.  The theme of this year’s edition of the awards is transformational sustainability: From Social Responsibility to Social Impact....
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Oando: Shareholders insist on interim management
November 28, 2017 No Responses

Oando: Shareholders insist on interim management

Shareholders of Oando Plc have advised the current management of the company under the leadership of Mr Wale Tinubu to step down in the interest of all stakeholders.    A Federal High Court sitting in Lagos had last week dismissed...
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Hydrographic society seeks national hydrographic commission
November 28, 2017 No Responses

Hydrographic society seeks national hydrographic commission

The Nigerian Hydrographic Society (NHS), Lagos /South-West Zone, has called for the establishment of a National Hydrographic Commission, in order to drive policies on hydrography for full utilization of hydrographic surveys to benefit the nation’s economy. M...
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Between waste, reality and politics of deep seaports
November 27, 2017 No Responses

Between waste, reality and politics of deep seaports

By Moses Ebosele, ebosele@hotmail.com –        Did Governor Ben Ayade of Cross Rivers State carry out any feasibility study before embarking on the Bakassi Deep Seaport project? Who carried out the feasibility study and what is the outcome?  ...
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Shipowners task FG on $100m cabotage fund
November 27, 2017 No Responses

Shipowners task FG on $100m cabotage fund

The President, Nigerian Shipowners Association (NISA), Mr Aminu Umar, has called on the Federal Government to intervene in delayed disbursement of the Cabotage Vessel Financing Fund (CVFF) to sustain shipping business. Umar made the call in an interview with t...
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Mazda to unveil new SUV
November 27, 2017 No Responses

Mazda to unveil new SUV

Four years ago, CEO Masamichi Kogai predicted Mazda would be notching annual U.S. sales of 400,000 vehicles by now. Instead, it is in a second-straight year of decline, with volume under 300,000 and market share retreating from an erstwhile goal...
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NNPC to select core investor for Benue bio-fuel project
November 27, 2017 No Responses

NNPC to select core investor for Benue bio-fuel project

The Nigerian National Petroleum Corporation (NNPC) says it has almost concluded discussion on the choice of a core investor for the proposed bio-fuel plant in Benue. The Group Managing Director of the corporation, Dr Maikanti Baru, said this in a...
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Ministry faults ‘flagrant abuse of import duty waivers by some NGOs, importers’
November 27, 2017 No Responses

Ministry faults ‘flagrant abuse of import duty waivers by some NGOs, importers’

The Federal Ministry of Finance has alleged attempts by some importers and Non-Government Organisations (NGOs) to malign the name of the Minister of Finance, Mrs. Kemi Adeosun over “spurious claims of refusing to grant import duty waivers in respect of...
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Iyalode Alaba Lawson bags State of Georgia honourary citizenship
November 26, 2017 No Responses

Iyalode Alaba Lawson bags State of Georgia honourary citizenship

The State of Georgia, United States of America, has conferred its honourary citizenship on the Chairman of US-Nigeria Trade Council, Iyalode Alaba Lawson.    At a ceremony held in her honour, the Secretary of State for the State of Georgia, Mr....
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TICT unveils Africa’s first female harbour crane operators
November 26, 2017 No Responses

TICT unveils Africa’s first female harbour crane operators

Leading container terminal operator, Tin Can Island Container Terminal (TICT) made history on Friday as it unveiled the first set of female harbour crane and Rubber Tyre Gantry (RTG) operators in Africa.  Speaking at the official presentation of the female...
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Canada deploys First LNG to China in Container
November 26, 2017 No Responses

Canada deploys First LNG to China in Container

Canada has sent its first shipment of liquefied natural gas (LNG) to China by a containership as part of a pilot project to determine long-term feasibility.  LNG was supplied by FortisBC’s Tilbury facility in Delta, logistics and equipment were provided...
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BMW to invest $237m on battery cell center
November 25, 2017 No Responses

BMW to invest $237m on battery cell center

BMW will bundle its battery cell expertise in a new competence center, the German luxury carmaker said on Friday, adding it would invest 200 million euros ($237 million) in the site over the next four years.  “By producing battery-cell prototypes,...
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SIFAX Group Wins Ebute-Ojo Ferry Terminal Concession
November 25, 2017 No Responses

SIFAX Group Wins Ebute-Ojo Ferry Terminal Concession

SIFAX Group, a multinational corporation with diverse interests in Maritime, Aviation, Haulage & Logistics, Oil & Gas and Hospitality, has been given the concession approval by the Lagos State Government to operate and maintain the Ebute-Ojo Ferry Term...
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Nestle shareholders to get 1,500k interim dividend as Wapic, Zenith, UBA records N5.8b deals in five days
November 25, 2017 No Responses

Nestle shareholders to get 1,500k interim dividend as Wapic, Zenith, UBA records N5.8b deals in five days

 For the period ended September 2017, Nestle Plc has proposed 1500 kobo interim dividend.   In a notice to the Nigerian StockExchange (NSE), the company explained that qualification date is 24th November 2017 while closure date is 27th November 2017....
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