President Muhammadu Buhari has encourage Nigerians, especially Muslims on the need to remain steadfast despite economic challenges. In his Eid-El-Kabir message to Nigerians, Buhari said the present administration is working roundthe clock to remove the hardships the country is…
FG intensifies consultations on issuance of Green Bond
The Federal Government has commenced consultation with capital market stakeholders on the issuance of Green Bond. According to the Minister of Environment, Amina Mohammed, the process is expected to contribute to Nigeria’s development. Already, the Federal Ministry of…
Ayade, Amaechi, others to brainstorm on harnessing Africa’s Maritime Logistics
The Annual African Shipping & Oil Roundtable/Award Dinner, facilitated by Africa Business and Logistics Support Services (ABALSS) UNLIMITED, a platform promoting Regional Integration and Economic Sustainability through Maritime and Energy Sectors in Africa, will come up 20th – 22nd September…
Eid-el-Kabir: Delta Speaker facilitates with muslims
The Speaker, Delta State House of Assembly, Rt. Hon Monday Igbuya on Sundayemphasized the need for Nigerians to live together in peace and harmony. In a message on this year’s Eid-el-Kabir festival, igbuya urged Muslims to hold on to Islamic…
Criticism trails suspension of Abuja-Kaduna train services
An economist, Dr Matthew R. Otoide has criticized the suspension of Abuja-Kaduna train l services by the management of Nigerian Railway Corporation (NRC). Dr Otoide, in a four paragraph statement sent to www.citybusinessnews.com onSunday, September 11, 2016 described the suspension…
‘Ownership claims of change begins with me campaign is sheer blackmail’
I read with utter shock and disbelief the reported claim by some people that the Minister of Information and Culture, Alhaji Lai Mohammed, stole their concept of ‘CHANGE BEGINS WITH ME’, which was launched by the President on Thursday, 8th…
GM recalls 4.3m vehicles worldwide
General Motors has recalled 4.3 million vehicles for a software problem that can prevent airbags from deploying in a crash. The defect, which according to agency report affects all of GM’s current full-size pickups and Sports Utility Vehicles (SUVs),…
Kia introduces 8-speed FWD automatic transmission
Kia Motors has revealed details of its advanced new eight-speed automatic transmission (8AT), engineered for use in front-wheel drive vehicles. Kia’s new front-wheel drive 8AT (FWD 8AT) has been developed in-house by the Korean manufacturer, engineered to offer a high…
Infiniti delivers 145, 000 vehicles in seven months
Infiniti achieved a new global sales record in August. Total sales of over 17,150 were up 2 percent compared to August 2015 representing the best ever August result. From January to August, Infiniti sold almost 145,000 vehicles, an increase…
‘Critical Role of regulation in development of Africa’s Ports’
A-two day African Ports Evolution, West Africa edition forum, has ended in Accra with the call for regulation and competitiveness to control the industry. The forum was designed to provide West African government, terminal operators, port authorities and service providers…
‘Samsung Galaxy Note 7 too dangerous to use’
The U.S. Consumer Product Safety Commission says owners of the Galaxy Note 7 smartphones should turn them off and stop using them because of the risk that their batteries can explode. The agency also says it’s working with Samsung on an…
NIMASA reiterates partnership with Navy
The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has said that the Agency will continue to partner with the Nigerian Navy for the security of Nigerian water ways and the optimum exploration of the…
N500b bond: Lagos to access N60b in 2016
The Lagos State Bond will span over a period of three to five years, the State Governor, Akinwunmi Ambode has said. According to the Governor, for the current appropriation year, the state can only draw N60 billion from the…
Frsc deploys 20,000 personnel, 697 vehicles for Sallah patrols
The Federal Road Safety Corps (FRSC) has deployed 20,000 for the sallah celebration scheduled for Monday and Tuesday. According to the FRSC Corps Marshall, Boboye Oyeyemi, the agency was not comfortable with road clashes and casualties, deposit their reduction in…