Ahead of another convention slated for August 17 in Port Harcourt, Rivers State, the Peoples Democratic Party (PDP) National Caretaker Committee has inaugurated an 82 member committee. The committee is expected to help design zoning of party positions to different…
Le Guen rejects Super Eagles job
Barely 24 hours after Nigeria Football Federation (NFF) appointed Paul Le Guen as the technical adviser for Nigeria’s Super Eagles, Le Guen has turned down the offer. NFF had on Monday announced Le Guen as the new technical adviser…
Anxiety as inflation hits 16.5 per cent
By Moses Ebosele – Economic challenges confronting Nigeria assumes more disturbing dimensions as the Consumer Price Index (CPI) increased to its highest point of 16.5 per cent since 2005. The report released by the National Bureau of Statistics (NBS)…
ENL Consortium disowns Protesters
By Moses Ebosele – ENL Consortium, operator of Terminals C and D of the Lagos Port Complex, Apapa has disowned dockworkers who staged a protest at the Nigerian Ports Authority (NPA) Headquarters in Marina, Lagos on Monday, July 18, 2016….
New NPA boss harps on improved revenue generation
By Moses Ebosele – The Nigerian Ports Authority (NPA) will strive for enhanced operating efficiencies to facilitate improved revenue generation and inflows into the national treasury, newly appointed Managing Director, Hadiza Bala-Usman has said. Speaking at the handing…
Presidency pledges full complince with fiscal responsibility act
The Federal Government has reiterated its resolve to fully comply with the provisions of the Fiscal Responsibility Act and other extant laws as they relate to the submission of budget proposals to the National Assembly. Presidential spokesman, Garba Shehu…
Nigeria appoints Le Guen as new technical adviser for Super Eagles
The Nigeria Football Federation (NFF) has named Frenchman Paul Le Guen, 52, as the new Technical Adviser of the senior national team, the Super Eagles. He will be assisted by Nigerian Salisu Yusuf, who takes the role of Chief Coach….
German police kill Afghan teen who slashed passengers on train
A teenage Afghan migrant armed with an ax and a knife attacked passengers aboard a regional train in southern Germany on Monday night, injuring four people before he was shot and killed by police as he fled, authorities said. Wuerzburg police said…
Investors stake N3.8b on three banks in one week
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…