By Moses Ebosele – For the week ended July 15, 2016, transactions in FBN Holdings Plc, Guaranty Trust Bank Plc and Access Bank Plc accounted for 353.999 million shares worth N3.867 billion in 4,188 deals. At the end of…
NCC remits N70b into federation account
Between December 2015 and March 2016, the Nigerian Communications Commission (NCC), remitted N70 billion into the federation account. The amount according to a statement issued by the commission is in addition to the N30 billion paid by MTN Nigeria Communications…
New NPA MD resumes today
By Moses Ebosele The newly appointed Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala-Usman is to formerly resume today, July 18th, 2016. City BusinessNews gathered yesterday that the immediate past Managing Director, Habib Abdullahi is scheduled to…
Aisha Buhari, Osinbajo, Awolowo, Elumelu, seek support for women entrepreneur
Leading African businessman and philanthropist, Tony O. Elumelu CON joined recently joined the First Lady of Nigeria, Mrs. Aisha Buhari, wife of the Vice President, Mrs. Dolapo Osinbajo, Nigerian Export Promotion Council (NEPC) Chief Executive Officer, Segun Awolowo andExecutive Director…
Skye Bank shares maintains slidding profile
By Moses Ebosele The shares of Skye Bank Plc has continued its free fall on the floor of Nigerian Stock Exchange (NSE). At the end of trading for the week ended Friday July 15, 2016, the Bank shares…
SEC boss pledges to raise market participation
AS part of measures to deepen Nigerian capital market, the Securities and Exchange Commission (SEC) has expressed its determination to raise the participation of retail investors. Speaking during a visit to the Federal Radio Corporation of Nigeria (FRCN) in Abuja…
‘How to curtail premature death through investment in Energy’
By Moses Ebosele Sustained investment in Energy could curtail premature deaths associated with air pollution by half in 2040. According to a report put together by International Energy Agency (IEA),each year an estimated 6.5 million deaths are linked to…
G-20 Ministers pledge decent work, more job opportunities
By Moses Ebosele Labour and Employment Ministers from G-20 have agreed to advance decent work, enhance employability, and generate adequate job opportunities. At the end of a two-day meeting in Beijing, Chinese Minister of Human Resources and Social Security,…
Lai Mohammed canvasses support for Inner Wheel
By Moses Ebosele – A Non Governmental Organisation (NGO), Inner Wheel, has been commended by the Minister of Information and Culture, Lai Mohammed for improving the social well-being of the most vulnerable groups in the society. Speaking in…
NLC tasks NECA on retrenchment in banking sector
By Moses Ebosele – Factional President of Nigerian Labour Congress (NLC), Joe Ajaero has challenged the leadership of Nigeria Employers’ Consultation Association (NECA) to make its position known on the retrenchment in the banking sector. In a statement issued…
Between practicality and new Jaguar F-PACE
By Moses Ebosele – Technically, the new Jaguar F-Pace Sports Utility Vehicle (SUV) is inspired by the sensational F-Type. Right from the bonnet to the rear, the signatures are similar. The F-PACE exhibits the DNA of a sports car. Information…
Customers embrace 110,200 infiniti vehicles in six months
Infiniti finished the first half of 2016 with a new sales record. The company sold more than 110,200 vehicles, an increase of 7 percent over the same period last year. In the month of June, more than 19,300 vehicles were…
Kia Motors declares 268,886 sales in June
By Moses Ebosele – For the month of June 2016, Kia Motors Corporation has announced global sales figures (export sales, domestic sales and sales from overseas plants) for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of…
Ford invests in self-driving map for cars
Ford Motor Company is among five investors providing $6.6 million in seed funding for Civil Maps, a California startup that creates three-dimensional maps for autonomous cars. The other participants are Motus Ventures, Wicklow Capital, StartX Stanford and AME Cloud Ventures,…