City BusinessNews, Author at City Business News

February 28, 2017 No Responses

Presidency: Osinbajo not performing better than Buhari

The Presidency on Monday said it was wrong for anybody to be claiming that the Acting President, Yemi Osinbajo, has been performing better than President Muhammadu Buhari since the President started his extended medical vacation. It said Osinbajo still consults with Buhari on major national...

February 28, 2017 No Responses

FG flags off presidential initiative on fertilizer, targets 100,000 jobs

The Presidential Fertilizer Initiative of the Federal Government produced more than 4,000 metric tonnes of locally-blended fertilizer in the first week of operation. The Initiative was approved by President Muhammadu Buhari in December 2016, to achieve t...

February 28, 2017 No Responses

2016: Zenith Bank declares N129.65b profit, reward shareholders with N1.77 dividend

For the year ended December 31, 2016, Zenith International Bank Plc has declared a profit after tax of N129.65 billion and a final dividend of N1.77 per share This is contained in the company’s audited report released by the Nigerian...

February 28, 2017 No Responses

COSCO posts $695m loss in 2016, records 22.6 % drop in shipping, others

(WMN) COSCO Corporation (Singapore) Limited, a shipbuilding, marine engineering and dry bulk shipping group, saw a net loss of SGD 976.1 million (USD 695.5 million) in 2016, against a net loss of SGD 914.8 million (USD 651.8 million) recorded in 2015,...

February 28, 2017 No Responses

NIMASA targets strategic growth with 2017 Budget

The 2017 budget of Nigerian Maritime Administration and Safety Agency (NIMASA) is tailored towards strategic growth and other developmental initiatives of the maritime sector, Director General, Dr. Dakuku Peterside has said. The DG who stated this during the 2...

February 28, 2017 No Responses

First Bank Photo News

L-R: Aliyu Toro, Chief Superintendent of Customs; Adesola Adeduntan, MD/CEO First Bank of Nigeria Limited and Subsidiaries; Bayo Adeniji, Director, First Street Limited; and Gbenga Shobo, Deputy Managing Director, First Bank of Nigeria Limited at the FirstLo...

February 27, 2017 No Responses

Weststar unveils four new Mercedes-Benz models

Mercedes-Benz, represented in Nigeria by Weststar Associates has consolidated its leadership position in the luxury segment with four new models. Highly respected in Nigeria because of its decades of resilience and first class after sales support, the new prod...

February 27, 2017 No Responses

Nigeria to host 32 countries on future of maritime in Africa

Come April 19th-21, 2017, Nigeria would be hosting the 3rd Conference of the Association of Heads of African Maritime Administrations (AAMA Conference) in Abuja, at the Transcorp Hilton Hotel. The meeting which will be hosted by the Nigerian Maritime Administr...

February 27, 2017 No Responses

SEC Seals Yuan Dong over ‘illegal activities’

Citing need to protect investors and ensure that illegal operators are not allowed to operate in Nigeria’s capital market, the Securities and Exchange Commission, Nigeria (SEC) has sealed up the premises of Yuan Dong (YDEC). According to a statement by.....

February 26, 2017 No Responses

FG recalls two sacked NCAA directors

The federal government has recalled two out of the nine directors who were sacked from the Nigerian Civil Aviation Authority (NCAA) on Friday. The duo are Adamu Abdullahi, Director of Consumer Protection, and Ayodele Sasegbon, Director of general aviation. Sam...

February 26, 2017 No Responses

Dogara lauds Oslo Summit on Food Crisis in North East

Speaker of the House of Representatives Yakubu Dogara, has commended the convening of World leaders in Oslo, Norway, “which saw donors pledging $672 to tackle food crisis in the north east for the next three years”. In a statement issued...

February 25, 2017 No Responses

VW’s profit boost clouded by $6.8b diesel-crisis charge

By Christoph Rauwald (Bloomberg) and Reuters – Volkswagen Group’s provisions for its diesel-cheating scandal increased by 6.4 billion euros ($6.8 billion) last year, as the automaker continued to tally the damages from the worst business crisis i...

February 25, 2017 No Responses

2017: Customs targets N1.1 tri revenue

For the year 2017, the Nigeria Customs Service (NSC) has set a revenue target of N1.1 trillion. At the end of a strategic management meeting, the Comptroller-General of Customs, Hameed Ali,in a statement issued by national Public Relations Officer (PRO),...

February 25, 2017 No Responses

ICC lauds WestBlue Consulting on improved trade facilitation in Ghana

The International Chamber of Commerce (ICC) Office in Ghana has commended Westblue Consulting Limited, technical consultant of the Ghana Single Window Project, for its salutary role in simplifying the country’s cross-border trade, thereby enhancing the compe...