yetty, Author at City Business News

July 16, 2020 No Responses

Jaiz Bank Sets Aside N884m For Maiden Dividend

Shareholders of Jaiz Bank Plc are to receive a total of N884million dividend payment subjected to appropriate withholding tax. The Chairman of the Bank Alhaji Umaru Mutallab disclosed this at the 8th Annual General Meeting (AGM) of the bank held...

July 16, 2020 No Responses

Court Affirms FRSC’s Powers To Impound Vehicles, Enforce Traffic law

Justice Anwuli Chikere of the Federal High Court, Abuja, has affirmed the powers of the Federal Road Safety Corps (FRSC) to enforce traffic laws on all public roads in Nigeria and impound violators’ vehicles. Justice Chikere delivered the judgment ...

July 16, 2020 No Responses

MSC Ship Loses 20 Containers Off South Africa

Earlier this week, a containership operated by Swiss shipping major Mediterranean Shipping Company (MSC) lost more than 20 containers overboard during stormy weather in Algoa Bay near the city of Port Elizabeth, Eastern Cape, the South African Maritime Safety ...

July 16, 2020 No Responses

NDDC Boss, Others Walk Out On Lawmakers

The acting Managing Director of the Niger Delta Development Company (NDDC) Prof. Kemebradikumo Pondei and his team on Thursday walked out on legislators investigating the alleged N40 billion irregular expenditure in the commission.Pondei stormed out of the hea...

July 16, 2020 No Responses

Volkswagen To Revamp Facility

Volkswagen AG and its Chinese joint venture partner SAIC Motor plan to invest 4.13 billion yuan ($590 million) to revamp their car plants in Shanghai to make new Audi sedans, according to a government document seen by Reuters.SAIC Volkswagen, the joint v...

July 16, 2020 No Responses

Court Refuses To Dissolve 10-Year-Old Marriage

The Karu Upper Area Court sitting in Mararaba, Nasarawa, on Thursday refused to dissolve a 10-year-old marriage brought by one Mrs Deborah Joseph for lack of care.The petitioner had urged the court to nullify the marriage between her and her...

July 15, 2020 No Responses

Okonjo-Iweala To WTO: Elect DG On Basis Of Merit

Dr Ngozi Okonjo-Iweala on Wednesday in Geneva stressed the need for the World Trade Organisation (WTO) to elect a credible candidate, based on merit, for the position of Director General. Okonjo-Iweala, who is among the eight candidates vying for the...

July 15, 2020 No Responses

Imumolen Gets World Greatness Award

Sequel to a rigorous selection exercise by Greatness University, Dr Christopher Imumolen, a Nigerian serial entrepreneur and philanthropist has emerged one of the successful awardees of the prestigious World Greatness Award, the Oscar of Humanitarian Civilit...

July 15, 2020 No Responses

Market Capitalisation Recovers N8b

The Nigerian Stock Exchange (NSE) on Wednesday recorded the first gain of the week, appreciating marginally by 0.06 per cent due to bargain hunting in Airtel Africa. Accordingly, the All-Share Index rose by 15.67 points or 0.06 per cent to...

July 15, 2020 No Responses

FRSC To Prosecute Bribe-Seeking Officers, Givers

The Federal Road Safety Corps (FRSC) on Wednesday cautioned its bribe-seeking officials and members of the public against such practice, to avoid being prosecuted. Mr Imoh Etuk, Assistant Corps Marshal, Zonal Commanding Officer, RS2.2, gave the warning during ...

July 15, 2020 No Responses

Senate Passes Bills To Establish University of Technology Auchi, Maritime University, Okerenkoko

The Senate on Wednesday passed a bill seeking to establish the Nigeria Maritime University, Okerenkoko in Delta State. Also passed were two bills to establish the University of Technology, Auchi, Edo State; and Federal College of Education, Giwa, Kaduna ...

July 15, 2020 No Responses

Buhari Mourns First Female Combat Helicopter Pilot, Tolulope Arotile

President Muhammadu Buhari has expressed sadness over the passing of Flying Officer, Tolulope Arotile, and condoled with her family on the loss of such a promising officer. In a condolence message by his Special Adviser on Media and Publicity, Mr...

July 15, 2020 No Responses

Volkswagen Shifts Software Development Centre To Audi

Volkswagen will shift leadership for software development to the company’s premium Audi division in Ingolstadt, Bavaria, Herbert Diess, chief executive of the multi-brand group has said.“The centre of gravity for software development will move ...

July 15, 2020 No Responses

NIMASA Directs Registered Stevedoring Firms To Commence Operation

The Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has directed all duly registered stevedoring companies with operational areas allotted by the Nigerian Ports Authority (NPA), which are yet to start operation, to mobilise to the...