yetty, Author at City Business News

June 24, 2019 No Responses

CBN To Sustain Float Exchange Rate Regime

The Central Bank of Nigeria says it will continue to operate a managed float exchange rate regime to reduce the impact of continuous volatility in the exchange rate on the economy.The CBN Governor, Godwin Emefiele, said this while reeling out...

June 24, 2019 No Responses

Nigeria Harps On Good Corporate Governance, Inaugurates SEC Board

Listed companies in the Capital market have been urged to imbibe good corporate governance and accountability in a bid to accelerate the growth of the market and increase both domestic and foreign investor participation.This was stated by the Permanent Secreta...

June 24, 2019 No Responses

Switzerland Seeks Release of Detained Tanker, Crew In Nigeria

Switzerland has requested the International Tribunal for the Law of the Sea (ITLOS) to order the release of a Swiss tanker and its crew detained in Nigeria since early 2018.According to World Maritime News, the public hearing concerning the arrest...

June 24, 2019 No Responses

NPA Photo News

June 16, 2019 No Responses

Elumelu To Empower 1,000 Northern Youths

Founder of Tony Elumelu Foundation, Tony Elumelu, has pledged to empower 1000 young entrepreneurs in northern Nigeria.Speaking on Saturday at Bayero University Kano (BUK), while receiving Doctor of Business Administration, Honoris Causa from the universi...

June 16, 2019 No Responses

Firm Seals Two Charter Deals With MSC, Maersk Line

UK-based containership charter owner, Global Ship Lease (GSL) has agreed new charters for two of its vessels with container shipping majors.Both charters are commencing this June and include the 2,824 TEU GSL Valerie and the 5,095 TEU Orca.The 2005-built GSL.....

June 15, 2019 No Responses

Buhari To CBN: Blacklist Firms Still Importing Palm Oil

President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist any firm, its owner and top management caught smuggling or dumping palm oil into the country.The presidential directive was disclosed by CBN Governor, Mr Godwin Emefiele, at a...

June 15, 2019 No Responses

COSCHARIS Unveils Complimentary BMW Five Year Service

Coscharis Motors, the sole franchisee of BMW in Nigeria has commenced complimentary five year service or 100,000km BMW care package, whichever comes&...

June 15, 2019 No Responses

NNPC Inaugurates Trading Company’s New Office

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has tasked staff of the National Oil Company to boost their productivity.The NNPC helmsman’s charge came during his inauguration of a new office complex of its ...

June 15, 2019 No Responses

Apapa Gridlock: Presidential Taskforce Gets Extension

The Federal Government has extended by two weeks, the time given the Presidential Taskforce on the Apapa traffic gridlock to resolve the matter following a request for extension by members of the taskforce and other stakeholders.Vice President Yemi Osinbajo, S...

June 14, 2019 No Responses

Nigeria Customs Generates N5.5b Daily

The Nigeria Customs Service (NCS) generates not less than N5.5 billion daily.The Comptroller-General (CGC), Hameed Ali, made this known during a working visit to the headquarters of the National Association of Government Approved Freight Forwarders (NAGAFF) in...

June 14, 2019 No Responses

Mercedes-Benz Delivers 938,499 Vehicles In Five Months

Mercedes-Benz sold 195,690 vehicles worldwide in May (-1.3%). The sales success of the new A-Class and the new CLA Coupé,which was launched in Europe in May, had a positive effect last month. In a highly competitive market environment worldwide, the...

June 14, 2019 No Responses

Heritage Bank Secures CIBN Nod On Academy, Trains 300 New Employee

In line with its commitment to ensure greater efficiency and boost its workforce, Heritage Bank Plc has received a nod from the Chartered Institute of Bankers of Nigeria (CIBN) for its establishment of a full-fledged learning and development institute, with...

June 14, 2019 No Responses

NIMASA Boss Explains 7,000 New Jobs

The Nigerian Maritime Administration and Safety Agency (NIMASA)has keyed into the vision of President Muhamadu Buhari by creating over 7000 jobs in the last six months through the New Cabotage Compliance Strategy.Addressing Journalists on Thursday in Lagos, th...