City BusinessNews, Author at City Business News

November 9, 2017 No Responses

‘IOSCO report on implementation of G20 recommendations to strengthen securities markets’

The Board of the International Organization of Securities Commissions (IOSCO) today published a report on the implementation of the G20/FSB post-crisis recommendations aimed at strengthening securities markets. The Implementation Report: G20/FSB Recommendations related to Securities Markets was prepared by IOSCO’s...

November 9, 2017 No Responses

Market capitalisation sustains growth with N43b

Transactions on the floor of Nigerian Stock Exchange (NSE) continued on a positive note on Wednesday as the market capitalisation which opened at N12.810 trillion gained N43 billion or 0.34 per cent to close at N12.853 trillion. Also, the...

November 9, 2017 No Responses

CCNN Photo News

R – L: Kabiru Rabiu, Group Executive Director, BUA Group; Ahmed Aliyu, Company Secretary, BUA Group; Abdulsamad Rabiu, Chairman, CCNN; Ibrahim Aliyu, Managing Director, Cement Company of Northern Nigeria (CCNN) at the 2017 Annual General Meeting (AGM) of...

November 9, 2017 No Responses

Daewoo shipbuilding declares $41m profit in Q3

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) ended the third quarter of this year with a profit of KRW 45.7 billion (USD 41 million), compared to a net loss of KRW 284 billion posted a year earlier. As...

November 9, 2017 No Responses

Bola Attah, UBA group head of marketing wins top award

United Bank for Africa Plc (UBA) Group Head, Marketing and Corporate Communications, Mrs Bola Atta was recemtly honoured as a top marketing professional in West Africa at the 7th Marketing World Awards (MWA) & Marketing 360 Summit. The prestigious...

November 9, 2017 No Responses

Heritage Bank savings campaign berth in more schools

As part of measures to expose more Nigerians to financial literacy especially at very early age in life, Heritage Bank Plc, recently joined the world in celebrating the World Savings’ Day with the theme: Our Future Starts with Savings. ...

November 9, 2017 No Responses

Audi steps up research into synthetic fuels

Audi is systematically building on its e-fuels strategy. Together with the partners Ineratec GmbH and Energiedienst Holding AG, the company has plans for a new pilot facility for the production of e-diesel in Laufenburg, in Canton Aargau (Switzerland). For the...

November 8, 2017 No Responses

FG to investigate Nigerian users of offshore tax havens

Members of the Civil Society Legislative Advocacy Centre (CISLAC), the National Chapter of Transparency International, TI, in Nigeria, and Premium Times Centre for Investigative Journalism, PTCIJ, have called on the Federal Government to investigate Nigerians ...

November 8, 2017 No Responses

FG to spend N35b on Housing Programme, N9.8b on Mambilla Hydro Project

The Federal Government has set aside N35.4 billion to address the housing needs of its workforce under the National Housing Programme in 2018. President Muhammadu Buhari made this known when he presented the 2018 budget proposal at the joint session...

November 8, 2017 No Responses

Relief as NSE market capitalisation rises by N29b

Investors’ wealth in Nigerian Stock Exchange (NSE) appreciated on Tuesday as the market capitalisation increased by N29 billion or 0.23 per cent to close at N12.810 trillion from N12.781 trillion recorded on Monday. Also, the All-share index increased by....

November 8, 2017 No Responses

FirstBank promotes female youth entrepreneurship with house of Tara International

First Bank of Nigeria Limited has partnered with House of Tara in organising “1000 Voices” to celebrate and promote female youth entrepreneurship. The event, scheduled to hold on Wednesday, November 8, 2017 at the Harbour Point, Victoria Island, Lagos.....

November 8, 2017 No Responses

CMA CGM to power 22,000 TEU ship with LNG

French shipping major CMA CGM Group has unveiled the decision to equip its nine future ships of 22,000 TEUs with engines using liquefied natural gas. “We have made the bold decision to equip our future 22,000 TEUs vessels with a...

November 8, 2017 No Responses

Toyota declares $63.45 b revenue in Q2

Toyota Motor’s operating profit climbed 10 percent in the latest quarter as windfall gains from favorable foreign exchange rates offset weakening business in the key U.S. market, where rising incentives and falling wholesale volume dented regional profit...

November 8, 2017 No Responses

Importer faces trial over alleged re-branding of Dangote Sugar

A 72-year-old businesswoman, Esther Akinsanya, was on Tuesday charged before a Federal High Court in Lagos over alleged packaging of unregistered Brazilian sugar as Dangote granulated sugar. The accused is charged alongside her company, Esther Olufumilayo Nig....