Category: News

FRSC deploys 30,000 officials for Eid-el-Fitri
July 6, 2016 No Responses

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...
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NIMASA has not floated scholarship scheme, says DG
July 6, 2016 No Responses

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...
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Shareholders divided over compulsory resignation of Skye Bank Board, Management
July 6, 2016 No Responses

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...
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Lobbying for NAC DG post intensifies at presidency
July 5, 2016 No Responses

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...
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Oando’s Q1 turnover drops by 34 %
July 5, 2016 No Responses

Oando’s Q1 turnover drops by 34 %

For the 2016 first quarter, Oando Plc recorded N64.413billion, indicating a drop of 34 per cent when compared with N97.070 recorded within same period in the previous year.   Presenting the company’s “Facts behind the figures” at the Nigerian Stock...
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CBN removes Skye Bank Board, Management
July 5, 2016 No Responses

CBN removes Skye Bank Board, Management

THE Central Bank of Nigeria (CBN) has replaced the Board and management of Skye Bank Plc.  Addressing Journalists in Lagos, CBN Governor, Mr Godwin Emefiele said the Bank failed failed to meet the regulator’s minimum key liquidity and capital adequacy...
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Buhari charges new NNPC board on dedication
July 5, 2016 No Responses

Buhari charges new NNPC board on dedication

PRESIDENT Muhamadu  Buhari has advised the new Board of Nigerian National Petroleum Corporation (NNPC) to ensure the successful delivery of its mandate and serve the nation by upholding the public trust placed on them in managing “this critical national ass...
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25 ships expected in Lagos Ports
July 5, 2016 No Responses

25 ships expected in Lagos Ports

Twenty five ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos State.    According to the Nigerian Ports Authority (NPA),  the expected ships contained buck wheat, bulk sugar,...
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Haastrup seeks support for ADR mechanism
July 4, 2016 No Responses

Haastrup seeks support for ADR mechanism

THE Chairman of Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has commended the use of arbitration, mediation and other forms of Alternative Dispute Resolution (ADR) in settling commercial disputes in the maritime industry...
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Six Convicted for Conspiracy, Forgery, Counterfeiting, says Customs
July 4, 2016 No Responses

Six Convicted for Conspiracy, Forgery, Counterfeiting, says Customs

 Six persons accused of conspiracy, forgery and counterfeiting by the Nigeria Customs Service have been convicted by the Federal High Court, Lagos. The suspects were charged to court in 2013 and arraigned with a five count charge before Honourable Justice...
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NPA set aside N241m for foreign medical expenses
July 4, 2016 No Responses

NPA set aside N241m for foreign medical expenses

THE Nigerian Ports Authority (NPA) is to spend N241 million before the end of this year on foreign medical expenses. The sum form part of the N382 million the parastatal has budgeted to cater for its medical expenses within the...
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Buhari opposes social media bill
December 8, 2015 No Responses

Buhari opposes social media bill

Citing the commitment of his administration to protect free speech in keeping with democratic tradition, President Muhammadu Buhari has pledged not to assent any legislation that might be inconsistent with the constitution.  Reacting to the public outcry agai...
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FG Proposes N6tri Budget For 2016
December 8, 2015 No Responses

FG Proposes N6tri Budget For 2016

For the fiscal year 2016, the Federal Government has proposed a  budget of N6 trillion, allocating 30 percent of the budget to  capital expenditure. It has also approved and submitted the Medium Term Expenditure Framework ( MTEF), to the National...
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December 7, 2015 No Responses

NAICOM delists 108 insurance brokers

The National Insurance Commission has removes 108 insurance brokers, out of the list of 421 licensed practitioners operating in the country, for failing to renew their licences. Sources from NAICOM told The Punch that the affected brokers had been operating...
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