Category: News

Samsung loses $44 Billion of value
September 13, 2016 No Responses

Samsung loses $44 Billion of value

(BLOOMBERG) Tepid demand for Samsung Electronics Co.’s newest Galaxy smartphones triggered a fifth straight monthly decline for the electronics maker, wiping out about $44 billion in market value since April. Shares of the world’s biggest smartphone vendor slumped 8.1 percent...
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Be steadfast, Buhari greets Nigerians at Eid-El-Kabir
September 12, 2016 No Responses

Be steadfast, Buhari greets Nigerians at Eid-El-Kabir

 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 ha...
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Eid-el-Kabir: Delta Speaker facilitates with muslims
September 12, 2016 No Responses

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...
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Criticism trails suspension of Abuja-Kaduna train services
September 11, 2016 No Responses

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, 201...
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‘Ownership claims of change begins with me campaign is sheer blackmail’
September 11, 2016 No Responses

‘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...
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‘Samsung Galaxy Note 7 too dangerous to use’
September 10, 2016 No Responses

‘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...
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N500b bond: Lagos to access N60b in 2016
September 9, 2016 No Responses

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...
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Frsc deploys 20,000 personnel, 697 vehicles for Sallah patrols
September 9, 2016 No Responses

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 red...
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Council of State Confirms IGP, approves Commissioners for INEC, NPC
September 8, 2016 No Responses

Council of State Confirms IGP, approves Commissioners for INEC, NPC

The Council of State and the Police Service Council have confirmed the appointment of Mr Ibrahim Idris as the Inspector General of Police.  Briefing State House Correspondents on the outcome of the meeting, the Governor of Jigawa State, Mr Abubakar...
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Buhari mourns Olorogun Michael Ibru
September 8, 2016 No Responses

Buhari mourns Olorogun Michael Ibru

President Muhammadu Buhari has consoled the family of Olorogun Michael Ibru, who died on Tuesday in the United States of America (USA) at 85.  The President also commiserated with the Government and people of Delta State and the Urhobos in...
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‘Nigeria begins visa on arrival for foreign investors soon’
September 7, 2016 No Responses

‘Nigeria begins visa on arrival for foreign investors soon’

As part of measures to encourage foreign investors, the Federal Government is to commenece issuance of Visa at point of entry into Nigeria.   According to the Vice President, Prof Yemi Osinbajo, the development is expected to curtail perceived bureaucratic b...
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IBM Appoints Dipo Faulkner as Country General Manager for Nigeria
September 7, 2016 No Responses

IBM Appoints Dipo Faulkner as Country General Manager for Nigeria

IBM has announced the appointment of Ernest Oladipo Faulkner as Country General Manager, IBM Nigeria. He succeeds Taiwo Otiti who served as Country General Manager, West Africa, since 2010. Dipo will be responsible for IBM’s overall business in Nigeria w...
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Shareholders seek adequate awareness on proposed amendments to CAMA
September 7, 2016 No Responses

Shareholders seek adequate awareness on proposed amendments to CAMA

Members of the Proactive Shareholders Association of Nigeria have urged relevant Government agencies to prevail on the Corporate Affairs Commission (CAC) to extend till end of the year proposed amendment of the Companies and Allied Matters Act (CAMA).  Accord...
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Nigerians mourn Olorogun Michael Ibru
September 7, 2016 No Responses

Nigerians mourn Olorogun Michael Ibru

Tributes have continued to pour in for Olorogun Michael Ibru, the patriarch of the Ibru family and chairman of the Ibru organization, who died in the United States of America at the age of 86 years.   An economist, Dr...
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