Business – Page 317 – City Business News

September 19, 2018 No Responses

CBN Acquires 2.4b FG’s Shares In NSPM

The Central Bank of Nigeria (CBN) and the Bureau of Public Enterprises(BPE) have signed an agreement for the sale of the Federal Government’s 12.4 billion shares in Nigerian Security Printing and Minting company (NSPM) to CBN. The ceremony was chaired...

September 19, 2018 No Responses

Again, CBN Lifts FOREX Market With $210m

The Central Bank of Nigeria (CBN) has again intervened in the inter-bank Foreign Exchange Market to the tune of $210 million. According to the figures obtained from the CBN on Tuesday, September 18, 2018, the Bank offered $100million to authorized...

September 18, 2018 No Responses

Buhari Implores Africa Nations On Maritime Endowment, Trade Facilitation

By Moses Ebosele, ebosele@hotmail.com – President Muhammadu Buhari of Nigeria has advised African Nations to take full advantage of maritime endowment within the continent as part of measures to strengthen economic development. Speaking on...

September 18, 2018 No Responses

Arunma Oteh, 300 Delegates For WFE General Assembly, Annual Meeting

By Moses Ebosele, citybusinessnews@yahoo.com – The World Federation of Exchanges (WFE) General Assembly & Annual Meeting is to hold from 2-4 October, in Athens, Greece. WFE in a statement on Monday explained that the event will also includ...

September 18, 2018 No Responses

Buhari Lauds Jim Ovia’s Entrepreneurship Drive

President Muhammadu Buhari on Monday commended the Founder and Chairman of Zenith Bank, Mr Jim Ovia, for his contributions to entrepreneurship in Nigeria. Buhari gave the commendation in a message at the public presentation and launch of Ovia’s book...

September 18, 2018 No Responses

Maersk Line To Introduce New Fuel Adjustment Surcharge

World’s largest container shipping company Maersk Line is planning to introduce a new fuel adjustment surcharge ahead of the 2020 sulphur cap. As explained, the new Bunker Adjustment Factor (BAF) surcharge aims at recovering Maersk Line’s costs of compl...

September 17, 2018 No Responses

Labour Tasks MTN On Alleged $2B Tax Arrears, $8.13B Transactions

We at the Nigeria Labour Congress (NLC) hereby urge MTN Nigeria to comply without further delay the directive of the Federal Government to it to pay $2 billion in tax arrears as well as the $8.13 billion it was said...

September 17, 2018 No Responses

Dakuku In Egypt, Seeks Maritime Development Through Continental Collaboration

The chairman of the Association of African Maritime Administrations AAMA, Dr Dakuku Peterside has restated the place of continental collaboration to grow the African maritime industry. This was the thrust of his message as he arrived Sharm El Sheik, Egypt...

September 17, 2018 No Responses

BoI, Exim Bank Seal $500m MoU

A $500 million financing support agreement has been signed by the Bank of Industry (BoI), the Development Finance Institution (DFI) and the Export-Import Bank of China (CEXIM). According to BoI’s Managing Director/Chief Executive Officer Olukayode Pitan, t...

September 17, 2018 No Responses

Photo News

L-R, Head of Wealth, Mercer Financial Services Middle East Limited Mr John Benfield, Director, Wealth Management Advisory, Mercer, Ms Sylvia Solomon, Acting Director General, Securities and Exchange Commission, Ms. Mary Uduk, Managing Director, Hudson Consul...

September 16, 2018 No Responses

LNG-Powered ConRo Begins Full Speed Trial

Crowley’s second commitment class ConRo, Taíno, currently under construction at VT Halter Marine in Pascaguola, Mississippi, has aced its first speed trial, bringing it a step closer to delivery, the company said. “As part of the testing and commissionin...

September 16, 2018 No Responses

Nigeria Govt Faults HSBC Report

The Presidency wishes to make clear to all Nigerians, and particularly the global banking giant HSBC which said the second term of President Muhammadu Buhari would stunt the economy, that what killed Nigeria’s economy in the past was the unbridled...

September 15, 2018 No Responses

Adeosun Explains Resignation, Blames Close Associates

Nigeria’s former Minister of Finance, Mrs. Kemi Adeosun, on Friday blamed her resignation on alleged forged National Youth Service Corp (NYSC) exemption certificate. Already, President Muhammadu Buhari has accepted Adeosun’s resignation and wished her...

September 15, 2018 No Responses

AIB: Wrong NiMET Rain Forecast Caused Skybird Airlines Abuja Incident

The Accident Investigation Bureau (AIB) has blamed Nigerian Meteorological Agency (NiMET) inaccurate rain forecast for the Skybird Airline aircraft incident of Wednesday night at the Nnamdi Azikiwe International Airport (NAIA), Abuja. AIB in its preliminary ...