Members of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have commenced nationwide strike to push for the implementation of their demands. However, the South West Chairman of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG),…
Qatargas unveils agreement with Global Energy Infrastructure
Qatargas, the World’s Premier LNG Company, has announced a long-term Sale and Purchase Agreement (SPA) with Global Energy Infrastructure Limited (GEIL). Under the terms of the agreement, Qatargas will supply 1.3 million tonnes per annum of Liquefied Natural Gas (LNG)…
WFE partners varsity on training
The World Federation of Exchanges (WFE) has announced an education partnership with University of Cambridge Judge Business School Executive Education (“Cambridge Judge”). As part of the agreement, WFE members will be able to access and apply for a range…
NAGAFF pledges support for NIMASA’s restructuring
The National Association of Government Approved Freight Forwarders (NAGAFF) has commended the Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) for its commitment to the on going restructuring exercise in the Agency for enhanced efficiency. This was made…
No bank is in distress, says CBN
The Central Bank of Nigeria (CBN) has dismissed allegations in some quarters that certain banks in the country are in distress. In a statement, the apex bank described the allegation as unfounded, “malicious rumors and unfounded speculations,” adding that…
Skye Bank new MD pledges to harness employees’ expertise
The new Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Tokunbo Abiru, has pledged the commitment of the new management to harness expertise of employees and the reconstituted board as part of measures to take Skye Bank to…
Nationwide strike looms over alleged $7b debt
BARRING any last minute adjustment, the Minister of Labour and Employment, Dr Chris Ngige and other senior government officials will today meet with representatives of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Abuja. The meeting is…
Employers seek end to NLC crisis
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…