Business – Page 424 – City Business News

July 1, 2018 No Responses

“NNPC Must Remit N20b To Federation Account”

As the controversy over alleged non-remittance of N20billion to the federation account by Nigerian National Petroleum Corporation (NNPC) continues, states on Saturday insisted the money must be remitted without further delays Chairman of the Finance Commissioners Forum, Mr. Mamood...

July 1, 2018 No Responses

CBN To Banks: Resolve USSD Disputes In Three Days

The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. Mr Dipo Fatokun, CBN’s Director, Banking and Payment Systems Depart...

July 1, 2018 No Responses

Heritage Bank Partners NEFF On Prevention Of e-fraud

Heritage Bank Plc has partnered the Nigeria Electronic Fraud Forum (NEFF) on the prevention of fraud in the Nigerian banking system. MD/CEO of the bank, Mr. Ifie Sekibo explained at the unveiling of the 2017 NEFF annual report in Lagos...

July 1, 2018 No Responses

FIFA Fines Russia For Discriminatory Banner

(Reuters) – FIFA has fined World Cup hosts Russia 10,000 Swiss francs ($10,100) after their fans displayed a discriminatory banner during the country’s 3-0 World Cup loss to Uruguay. Russia will play Spain in the last 16 on Sunday...

June 30, 2018 No Responses

Wema Bank Appoints New Managing Director

Wema Bank Plc has announced the retirement of its Managing Director/Chief Executive Officer, Segun Oloketuyi, following almost a decade at the helm of the Bank. “On behalf of the Board and Management of the Bank, I want to thank Mr...

June 30, 2018 No Responses

Dakuku: Maritime Silk Road Will Boost China-Africa Economic Partnership

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr Dakuku Peterside, has said the Maritime Silk Road initiative promoted by China to develop international shipping connectivity across South East Asia, Africa, Oceania, In...

June 30, 2018 No Responses

Samsung Gets Order For $250m Special-Purpose Ships

South Korea’s shipbuilder Samsung Heavy Industries has received a contract to construct two special-purpose ships for a European company. According to the shipbuilder’s stock exchange filing, the deal has a value of around KRW 266.1 billion ($250Million)....

June 29, 2018 No Responses

Lafarge Under Probe Over Alleged Terrorist Funding

Cement giant LafargeHolcim says its French subsidiary is under formal investigation in France over claims it funded a terrorist group in Syria. The subsidiary is also accused of complicity in crimes against humanity and endangering lives in Syria. Last yea...

June 29, 2018 No Responses

Olu Of Warri Lauds NPA Boss, Dredging Of Escravos Channel

The Olu of Warri, HIS Royal Majesty, OgiameIkewoli, has called on all stakeholders in the Delta Ports to give maximum support and cooperation to the Managing Director of Nigerian Ports Authority, Hadiza Bala Usman as part of measures to sustain...

June 29, 2018 No Responses

ILO Seeks Urgent Action To Prevent Looming Global Care Crisis

Investment in the care economy needs to be doubled to avert a looming global care crisis, says a new ILO report. Sweeping changes in policies should address the rising need for care and tackle the huge disparity between women’s and...

June 29, 2018 No Responses

World Bank Approves $2.1B Loan For Seven Projects In Nigeria

The World Bank says it has approved a 2.1 billion dollar loan for seven projects to support Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency and polio eradication. It said this in a statement issued on Thursday...

June 29, 2018 No Responses

Nine Persons Burnt To Death, 54 Vehicles Affected In Lagos Tanker Fire

No fewer than nine persons were burnt beyond recognition with 54 vehicles torched in a fuel tanker explosion on Thursday at Otedola Bridge, near the old toll gate, Alausa, Lagos he spokesman, Lagos State Emergency Management Agency (LASEMA), Mr Kehinde...

June 29, 2018 No Responses

Jaguar Land Rover Sets Aside $18B For Electrification

Jaguar Land Rover is to increase its investment into electrification for future electric cars by 25 percent. The automaker explained at an investor presentation that the added investment will see the figure climb to $18 billion total by 2025, citing...

June 28, 2018 No Responses

CCNN Proposes Merger With BUA Cement, Targets 2m Metric Tonnes Per Annum

The Board of Directors, Cement Company of Northern Nigeria (CCNN) and owners of the 500,000 metric tonnes per annum Sokoto Cement Plant has notified the Nigerian Stock Exchange of its proposed merger with Kalambaina Cement Company Limited, owned by...