City BusinessNews, Author at City Business News

February 23, 2017 No Responses

NLNG records explosion along gas transmission pipelines

The Nigeria Liquefied Natural Gas (NLNG) on Wednesday recorded an explosion on a section of its right of way housing two gas transmission pipelines. A statement issued by NLNG General Manager (External Relations), Kudo Eresia-Eke, explained that one of the...

February 23, 2017 No Responses

EFCC recovers 17 vehicles from Dikko, ex-Customs boss

The Economic and Financial Crimes Commission (EFCC) on Wednesday disclosed that it has recovered 17 “exotic vehicles’’ in a warehouse belonging to a former Comptroller-General of Customs, Abdullahi Dikko Inde. A statement issued by Wilson Uwujaren, Hea...

February 23, 2017 No Responses

Strategic role of professionalism in maritime’s development, by NIMASA DG

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that professionalism has a key role to play in the development and growth of the maritime industry in Nigeria. Dr. Peterside who made...

February 23, 2017 No Responses

WFE unveils report on SME financing, equity markets

The World Federation of Exchanges (WFE) on Wednesday published a report into exchanged-based financing of Small and Medium Enterprises (SMEs), aimed at identifying globally-consistent barriers and opportunities for enhancing SME access to equity finance. As ...

February 23, 2017 No Responses

Nissan: Carlos Ghosn to remain chairman, refocuses role

(BBC) Carlos Ghosn is relinquishing his role as chief executive of Nissan, but will remain chairman of the Japanese car maker. Hirohito Saikawa, already the company’s co-chief executive, will take over. The reshuffle will allow Mr Ghosn to focus on...

February 22, 2017 No Responses

NSE lists Forte Oil’s N9B Bond

The Nigerian Stock Exchange (NSE) has listed N9billion bond for Forte Oil as part of the planned N50 billion bond issuance programme for the leading energy company. Under the arrangement, proceeds of the N9 Billion Series 1, five year bond...

February 22, 2017 No Responses

FG adopts 60-day plan on ease of doing business at seaports, airports, others

The Presidential Enabling Business Environment Council (PEBEC) chaired by Acting President, Yemi Osinbajo, has approved a 60-day national action plan to push through short term reforms at seaports, airports and other locations . The Acting President, who addre...

February 22, 2017 No Responses

China sanctions CMA CGM, Evergreen, others for not reporting freight tariffs

(WMN) China’s Ministry of Transport has fined 14 international container shipping companies because they either failed to report freight tariffs to the ministry or were inconsistent with the reported ones. Companies have been punished with a total of RMB 2....

February 22, 2017 No Responses

Photo News

The Minister of Information and Culture, Alhaji Lai Mohammed (middle), flanked by the Chairman, Leadership/Folio Limited, Mr. Fidelis Anosike, and the Permanent Secretary, Federal Ministry of Information and Culture, Mrs. Ayotunde Adesugba, at the signing of M...

February 21, 2017 No Responses

WFE explains FSB’s access to financial market infrastructure

The World Federation of Exchanges (WFE) has responded to a consultation from the Financial Stability Board (FSB) related to the Continuity of Access to Financial Market Infrastructures (FMIs) for a Firm in Resolution. Whilst focused on situations where a firm....

February 21, 2017 No Responses

NPA boss canvasses quick passage of maritime bills

AS part of measures to boost Port Development, the Managing Director, Nigerian Ports Uthority ( NPA) Ms Hadiza Bala Usman has appealed to the National Aasembly to pass the Ports and Harbours Bill, National Transport Commission Bill and other maritime...

February 21, 2017 No Responses

Unauthorised Employment: Labour faults alleged agenda to sack 3,500 workers

Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has flayed alleged plan by the Federal Government to sack 3,500 public servants “under the guise that their appointments were irregular and unauthorized”. In a pr...

February 21, 2017 No Responses

Amaechi to chair town hall on cargo handling charges

Against the backdrop of a recent audit report revealing that private terminal operators in Nigerian ports lost about N58.9 billion to the rising foreign exchange scarcity, Consumer Price Index (CPI), among others, in eight years, a one-day town hall meeting...

February 21, 2017 No Responses

CBN announces new foreign exchange policy

The Central Bank of Nigeria (CBN) has unveiled a new foreign exchange policy with immediate effect. According to the CBN, in order to ease the difficulties encountered by Nigerians in obtaining funds for foreign exchange transactions, it would henceforth be...