Category: News

FG will protect, reward whistle-blowers, says minister
March 20, 2017 No Responses

FG will protect, reward whistle-blowers, says minister

The Federal Government will protect and reward whistle-blowers who provide information that leads to the recovery of stolen funds or assets, the Minister of Information and Culture, Alhaji Lai Mohammed, has reiterated. In a statement issued in Lagos on Sunday, the Minister...
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G20 finance ministers drop anti-protectionist pledge
March 19, 2017 No Responses

G20 finance ministers drop anti-protectionist pledge

(BBC)-Finance ministers from world’s biggest economies have dropped an anti-protectionist commitment after opposition from the US. G20 ministers left the two-day meeting without renewing their long-standing pledge to bolster free trade. Last year, the gr...
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2016: Transcorp Hotels declares N4.5b profits, 40k dividend
March 18, 2017 No Responses

2016: Transcorp Hotels declares N4.5b profits, 40k dividend

Transcorp Hotels Plc has announced a profit after tax of N4b at its 3rd Annual General Meeting which took place at Transcorp Hilton Abuja. At the meeting, the Shareholders according to a statement,  commended the management and staff of the...
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DMO issues more bonds
March 17, 2017 No Responses

DMO issues more bonds

The Debt Management Office (DMO) has issued more bonds than originally planned at an auction after slowing inflation rate helped it offer debt at lower yields. The DMO said it raised N160 billion at an auction on Wednesday, N30 billion...
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FG seeks Senate approval for $500 million Eurobond
March 16, 2017 No Responses

FG seeks Senate approval for $500 million Eurobond

The Federal Government has urged the Nigerian Senate to approve $500 million Eurobond to fund the 2016 Budget deficit. In a letter to the Senate read by president of the Senate, Bukola Saraki, Vice President Yemi Osinbajo explained that the...
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NPA boss pledges competitive tariff regime, actualisation of deep seaports
March 16, 2017 No Responses

NPA boss pledges competitive tariff regime, actualisation of deep seaports

The proposed competitive tariff regime of Nigerian Ports Authority (NPA) would place the Agency on a better platform in the sub-region, Managing Director, Hadiza Bala Usman has said. Addressing a team of Oxford Business Group UK, who paid her a...
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Obaseki signs power purchase agreement
March 16, 2017 No Responses

Obaseki signs power purchase agreement

Edo State Governor, Mr. Godwin Obaseki has signed a power purchase agreement noting that the agreement was in furtherance of the previously outlined power plan for the state. Governor Obaseki disclosed this in Benin City on Wednesday, when he appended...
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Kaduna Airport: Dana Air MD lauds Minister, security arrangement
March 16, 2017 No Responses

Kaduna Airport: Dana Air MD lauds Minister, security arrangement

The Managing Director of Dana Air, Mr. Jacky Hathiramani, has commended efforts of the Minister of state for Aviation, Captain Hadi Sirika and other aviation agencies for what he described as a ‘skillful execution of the Kaduna Airport as alternate...
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Cassava: Experts brainstorm on challenges, way forward
March 15, 2017 No Responses

Cassava: Experts brainstorm on challenges, way forward

Still in search of a healing balm, the world’s top cassava experts are in Nigeria to report progress on developing new varieties of cassava with higher yield and nutritional content.      The high level meeting commenced on Tuesday  at...
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EFCC intercepts N49m at Kaduna Airport
March 15, 2017 No Responses

EFCC intercepts N49m at Kaduna Airport

Following a tip off, operatives of the Economic and Financial Crimes Commission (EFCC), Kaduna zonal office, on Tuesday, March 14, 2017 intercepted a sum of N49million in five large black 150kg colored BUHU sacks. EFCC head, Media & Publicity, Wilson...
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Obaseki, Okowa eulogise late Ogbemudia
March 15, 2017 No Responses

Obaseki, Okowa eulogise late Ogbemudia

Governor Godwin Obaseki of Edo State and his Delta State counterpart, Governor Ifeanyi Okowa have said that the Late Dr Samuel Ogbemudia would be remembered for his numerous contributions to the development of defunct Bendel state.      This was as the...
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Atiku endows education fund for Onukaba’s children
March 15, 2017 No Responses

Atiku endows education fund for Onukaba’s children

Former Vice President and chieftain of All Progressives Congress, Atiku Abubakar has endowed an education fund for the children of his late aide, Dr. Adinoyi-Ojo Onukaba.  Onukaba, who died on his way back from former President Olusegun Obasanjo’s 80th ...
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Buhari to Osinbajo: Head delegation on Niger Delta crisis
March 14, 2017 No Responses

Buhari to Osinbajo: Head delegation on Niger Delta crisis

President Muhammadu Buhari on Monday directed Vice President Yemi Osinbajo to head a special presidential delegation charged with the task of resolving the crisis in the Niger Delta. Speaking with Journalists on Monday in Abuja, the  Special Adviser to the...
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Check-off dues: PTECSSAN faults ZTE Nigeria, alleges anti-labour practices
March 14, 2017 No Responses

Check-off dues: PTECSSAN faults ZTE Nigeria, alleges anti-labour practices

The leadership of PTECSSAN has blamed ongoing face-off with ZTE Nigeria on alleged anti-labour practices on the part of the company. In a letter sent to the Editor of www.citybusinessnews.com on Tuesday, PTECSSAN said: “For ZTE Management to rush to...
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