The leadership crisis rocking the Nigeria Labour Congress (NLC) is a threat to the development and growth of Nigeria’s economy, the Director-General, Nigeria Employers’ Consultative Association (NECA), Olusegun Oshinowo has said. Speaking during an interactive session with Journalists in…
Offshore West Africa gets new date
PennWell Corporation, owners and producers of the annual Offshore West Africa Conference & Exhibition have announced a change in date for its 21st edition. According to a statement, the new 2017 date has been set for 6‐8 June 2017, moving from the originally planned January date. Managing Director, PennWell International, Mr Glenn Ensor said: “Due to a number of factors, most pressingly the current economic climate facing the oil and gas industry, PennWell Corporation have decided to re‐schedule the 21st edition of Offshore West Africa Conference and Exhibition from the original date of January, to 6‐8 June 2017. It is our belief that this change of date will enable our many loyal exhibitors, speakers, sponsors and attendees to benefit further from the event as these economic factors become more manageable. *Contact Editor at citybusinessnews@yahoo.com
Crisis looms in Edo PDP as Iduoriyekwemwen gets certificate of return
Ahead of the September 10, 2016 Governorship election in Edo State, factional chairman of the Peoples Democratic Party (PDP), Ali Modu Sheriff has presented certificate of return to Matthew Iduoriyekwemwen. Sheriff is also expected to present Iduriyekwemwen to the Independent…
FRSC deploys 30,000 officials for Eid-el-Fitri
The Federal Road Safety Corps (FRSC) has deployed not less than 30,000 officials for the Eid-el-Fitri celebrations. Corps marshal of FRSC, Boboye Oyeyemi also cautioned motorists to ensure they use their seatbelt as they embark on journeys during the festive…
NIMASA has not floated scholarship scheme, says DG
The Nigerian Maritime Administration and Safety Agency (NIMASA) has dismissed as fraudulent an online platform purporting that the Agency has floated a scholarship programme tagged “NIMASA Scholarship 2016/2017”. The Director General, Dr. Dakuku Peterside who said that this advertisement…
Shareholders divided over compulsory resignation of Skye Bank Board, Management
Controversy has continued to trail the compulsory retirement of the Board and Management of Skye Bank Plc by the Central Bank of Nigeria (CBN). A cross section of the Bank shreholders who spoke with City BusinessNews expressed divergent views on…
Lobbying for NAC DG post intensifies at presidency
Not less than six contenders are jostling for the position of Director General of National Automotive Council (NAC), as the tenure of the incumbent, Engineer Aminu Jalal expires early next year (2017). City BusinessNews gathered this morning that four…
Oando’s Q1 turnover drops by 34 %
For the 2016 first quarter, Oando Plc recorded N64.413billion, indicating a drop of 34 per cent when compared with N97.070 recorded within same period in the previous year. Presenting the company’s “Facts behind the figures” at the Nigerian Stock…
CBN removes Skye Bank Board, Management
THE Central Bank of Nigeria (CBN) has replaced the Board and management of Skye Bank Plc. Addressing Journalists in Lagos, CBN Governor, Mr Godwin Emefiele said the Bank failed failed to meet the regulator’s minimum key liquidity and capital adequacy…
Buhari charges new NNPC board on dedication
PRESIDENT Muhamadu Buhari has advised the new Board of Nigerian National Petroleum Corporation (NNPC) to ensure the successful delivery of its mandate and serve the nation by upholding the public trust placed on them in managing “this critical national asset.”…
25 ships expected in Lagos Ports
Twenty five ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos State. According to the Nigerian Ports Authority (NPA), the expected ships contained buck wheat, bulk sugar,…
Partnership with maritime nations key to economic growth, says NIMASA DG
COLLABORATION with various stakeholders across the globe is fundamental to unlocking the maritime opportunities in Nigeria, Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside has said Welcoming the Acting Chinese Consul General, Mr. Li Yong to his…
Haastrup seeks support for ADR mechanism
THE Chairman of Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has commended the use of arbitration, mediation and other forms of Alternative Dispute Resolution (ADR) in settling commercial disputes in the maritime industry. Speaking during a…
Oando explains ‘facts behind the figures’
Top management staff of Oando Plc will today, July 4th, 2016 address Capital Market Stakeholders ‘with a Facts Behind the Figures Presentation and also sound the Closing Gong’. A team from City BusinessNews will be on ground to provide our…