City BusinessNews, Author at City Business News

May 16, 2017 No Responses

‘Indigenous languages may go into extinction’

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the country’s indigenous languages are endangered and could go into extinction in no distant future if urgent steps are not taken to reverse the trend. In his address at the 2017 Annual...

May 16, 2017 No Responses

Apapa access roads: NPA, Dangote, Flour Mills, to raise N4.5 b

As part of measures to fast-track the re-construction of Apapa seaports access roads in Lagos State, the Nigerian Ports Authority (NPA) is to raise N4.3 billion. Addressing maritime stakeholders in Lagos on Monday, the Managing Director of NPA, Hadiza...

May 14, 2017 No Responses

Joint account committee declares N2. 10b allocation for LGs in Edo

The Edo Joint Account and Allocation Committee (JAAC) has declared N2.10 billion as total allocation accrued to the 18 local governments in the state from both Internally Generated Revenue (IGR) and the Federation Account for March. A statement issued by...

May 14, 2017 No Responses

‘FG will give priority to indigenous consultants’

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government will soon adopt a policy to give the right of first refusal to indigenous consultants in its projects. The Minister disclosed this in Abuja on when he received...

May 13, 2017 No Responses

BMW to revive 8 series in upmarket strategy push

By Edward Taylor, Reuters – BMW Group said it will launch an 8-series model in 2018, reviving its upmarket coupe line as part of a broader strategic shift to focus on higher-margin sports cars rather than compact vehicles. “The 8-series...

May 13, 2017 No Responses

Haastrup: Success of port concession has opened more business opportunities

The Federal Government has been commended for its foresight in concessioning terminal operations at the nation’s seaports. Chairman, Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, who gave the commendation said the succes...

May 13, 2017 No Responses

LCCI Photo News

L-R: Mr. Ken Abazie, Chairman, Lagos Chamber of Commerce and Industry (LCCI) Petroleum Downstream Group; Dr. Mrs. Nike Akande, President, LCCI; Mr. Ikem Obih, Representative of the Minister of State for Petroleum and Group Executive Director/COO, Downstream, N...

May 12, 2017 No Responses

Oando seeks approval to refurbish refineries

Oando Plc is to seek the approval of the Federal Government to refurbish one or two refineries as part of measures to end fuel importation. Speaking during the company’s facts behind the figure at the Nigerian Stock Exchange (NSE)...

May 12, 2017 No Responses

NASS earmarks N23.7B for personnel cost in 2017

The National Assembly has earmarks N125billion for its 2017 budget, up from N115billion in 2016. Under the arrangement, total personnel cost is N23,789,787,880 while total overhead cost is N85,878,619,888; total capital cost will gulp N14,940,196,063. A...

May 12, 2017 No Responses

National Assembly passes N7.441tri 2017 Budget

The 2017 budget of N7.441trillion was on Thursday passed by the two chambers of the National Assembly. President Muhammadu Buhari had on December 14, 2016 presented a N7.298 trillion estimate before the joint session of the National Assembly. In the...

May 12, 2017 No Responses

NNPC Chief Executives sign performance bond with GMD

The journey to the transformation of the Nigerian National Petroleum Corporation (NNPC) into a commercially focused and profitable business organization has been taken a notch higher with the signing of a performance bond by the Chief Operating Officers (COO) ...

May 12, 2017 No Responses

Maersk Group declares $253m profit in first quarter

Danish shipping and offshore energy conglomerate Maersk Group reported its profit at USD 253 million for the first quarter of 2017, compared to USD 224 million seen a year earlier, in line with expectations. The group’s revenue increased by 5 percent...

May 12, 2017 No Responses

FRSC boss implores commanding officers on purposeful leadership

At the first quarter review of the 2017 Management/Commanding Officers Strategy Session of the Federal Road Safety Corps (FRSC) at the Corps’ Academy at Udi, Enugu state, the Corps Marshal of the FRSC, Dr Boboye Oyeyemi has charged Unit Commanders fro...