Category: News

World Bank: Assistance to Nigeria not limited to Northeast
October 15, 2017 No Responses

World Bank: Assistance to Nigeria not limited to Northeast

Assiatance to Nigeria is not limited to the Northeast, the World Bank has clarified.    Reacting to the controversy generated by  a statement credited to its President, Jim Yong Kim that President Muhammadu Buhari requested its   special intervention in the zone,...
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Osinbajo lauds Elumelu as foundation wraps up 2017 entrepreneurship forum
October 15, 2017 No Responses

Osinbajo lauds Elumelu as foundation wraps up 2017 entrepreneurship forum

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, concluded its 3rd annual TEF Entrepreneurship Forum on Saturday in Lagos State with Vice President Yemi Osinbajo in attendance.   The Forum hosted mor...
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NPA replies Intels, insist on level playing field for all operators
October 14, 2017 No Responses

NPA replies Intels, insist on level playing field for all operators

By citybusinessnews@yahoo.com  –   The management of Nigerian Ports Authority (NPA) has dismissed reported plans by Integrated Logistics Services limited (Intels) to withdraw its investment agenda in Nigeria.   According to NPA, business thrives in f...
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Edo reviews 2017 budget downwards by 16.49 %
October 14, 2017 No Responses

Edo reviews 2017 budget downwards by 16.49 %

The Edo State Government has approved the downward review of the 2017 budget from the initial ₦153.187bn to ₦127.921billion, representing a 16.49% reduction.  In a statement issued after an emergency Executive Council (EXCO) meeting held at Government Hou...
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SIFAX Group gets West Africa Shipping Award
October 14, 2017 No Responses

SIFAX Group gets West Africa Shipping Award

SIFAX Group, a multinational corporation with diverse interests in Maritime, Aviation, Haulage & Logistics, Oil & Gas and Hospitality, has bagged an award at the 7th edition of the Nigeria Brand Awards. SIFAX Group was awarded the “Most Innovative an...
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Management Crisis: Samsung CEO resigns
October 14, 2017 No Responses

Management Crisis: Samsung CEO resigns

Citing “unprecedented crisis”, Samsung Electronics chief executive Kwon Oh-hyun has resigned. It is the latest management upheaval at the firm after the heir of the entire Samsung Group was imprisoned for corruption in August. Mr Kwon is one of thr...
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Osinbajo lauds NLNG, flags off construction of N120b Bonny-Bodo road project
October 13, 2017 No Responses

Osinbajo lauds NLNG, flags off construction of N120b Bonny-Bodo road project

The Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo, SAN (GCON), on Thursday in Bonny flagged off the construction of the N120 billion Bonny-Bodo Road to be jointly funded by Nigeria LNG Limited (NLNG) and the Federal...
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NSE appoints Jalo-Waziri CSCS boss
October 13, 2017 No Responses

NSE appoints Jalo-Waziri CSCS boss

The Nigerian Stock Exchange (NSE) has appointed Mr. Haruna Jalo Waziri as the substantive Chief Executive Officer of the Central Securities Clearing System (CSCS).   National Wire reports that Waziri will take over from Mr. Bola Adeeko who  has been pilotin...
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Nestle sustains growth profile, hits N1, 240 per share
October 13, 2017 No Responses

Nestle sustains growth profile, hits N1, 240 per share

Nestle Plc on Thursday sustained its rising profile to lead the Nigerian Stock Exchange (NSE) gainers’ table, growing by N6.88 to close at N1,240 per share.  Also at the end of tradings,  Stanbic IBTC came second with a gain of...
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Committee submits technical report on gelegele seaport
October 12, 2017 No Responses

Committee submits technical report on gelegele seaport

The Edo State Governor, Godwin Obaseki, has received the technical report on the proposed Gelegele Seaport, which is envisioned to serve as a key artery for the state’s economic diversification efforts. The governor received the report at the Government Hou...
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Intels to sack more workers
October 12, 2017 No Responses

Intels to sack more workers

Feelers emanating from Integrated Logistics Services (Intels) on Wednesday indicated that the company is to reduce further its workforce “due to ongoing challenges and hostile business environment”.    A source at the headquarters of the seaport conce...
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Kia appoints Oleg new head of design in China
October 12, 2017 No Responses

Kia appoints Oleg new head of design in China

Kia Motors has appointed prominent car designer Oleg Son, 56, as Head of Kia Design China – leading the brand’s design activities in China and strengthening its design capability in the rapidly expanding Chinese market. Son will be based in...
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FG names Sumaila sole administrator for Ajaokuta Steel Complex
October 11, 2017 No Responses

FG names Sumaila sole administrator for Ajaokuta Steel Complex

The Minister of Mines and Steel Development, Dr Kayode Fayemi, has announced the appointment of Engr. Abdul-Akaba  Sumaila, as the Acting Sole Administrator of the Ajaokuta Steel Complex.   Sumaila replaces Mr Joseph Isah, who retired from the civil service....
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NPA boss implores PMAWCA on capacity development
October 11, 2017 No Responses

NPA boss implores PMAWCA on capacity development

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has implored women professionals in the Maritime sub-sector to invest more in capacity development.   Hadiza Bala Usman gave this charge in a key note address at the opening...
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