Business – Page 479 – City Business News

January 24, 2018 No Responses

FG, States, LGs share N655.17billion

The Federation Account Allocation Committee (FAAC) on Tuesday shared N655.17 billion to the three tiers of government as revenue for January. The Minister of Finance, Mrs Kemi Adeosun, told newsmen on Tuesday in Abuja that the N655.17 billion was distributed...

January 24, 2018 No Responses

China Harbour commences work on Gelegele Seaport

Following the signing of a Memorandum of Understanding (MoU) for the construction of Gelegele Seaport between the Edo State Government and China Habour Engineering Company (CHEC) in China three weeks ago, senior officials of the company arrived Benin City, E...

January 24, 2018 No Responses

Oando: Shareholders fault Sanusi’s intervention

The reported intervention of the Emir of Kano, Muhammadu Sanusi in the face-off between Oando Plc and one of its aggrieved shareholders cannot stop a forensic audit planned by the Securities and Exchange Commission (SEC), the Oando Shareholders Solidarity Gro...

January 24, 2018 No Responses

FG threatens to revoke Airport contract

Minister for State, Aviation, Hadi Sirika says the Federal Government may revoke the remodelling contract of the domestic wing, Port Harcourt International Airport due to slow pace of work by the contractor. Sirika made this know to newsmen during an...

January 23, 2018 No Responses

Jaguar Land Rover scales down production

Jaguar Land Rover will cut production of some vehicles amid uncertainty over Brexit and changes to taxes on diesel cars. The company will temporarily scale back output of the Discovery Sport and Range Rover Evoque models later this year....

January 23, 2018 No Responses

CBN boosts foreign exchange market with $210m

The Central Bank of Nigeria (CBN) has boosted the inter-bank foreign exchange market with $210 million to meet customers’ requests in various segments of the market. The Bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement ...

January 23, 2018 No Responses

Mining: FG engages Revenue Consultants

The Federal Government has engaged the services of about 100 revenue consultants to work on areas of leakages in the revenue accrued from the mining sector, with a view to shoring up earnings from the sector. The consultants, who would...

January 23, 2018 No Responses

Edo seeks partnership with Diaspora community on gender

Edo State Governor, Mr. Godwin Obaseki, has expressed readiness to partner with Edo indigenes in the diaspora to engender social economic growth, especially in empowering women and girls in the state. Obaseki disclosed this when he hosted Ms. Blessing...

January 23, 2018 No Responses

Photo News

L-R: Project Coordinator, Revenue Optimisation and Verification Project Mr. Makinde Araoye; Permanent Secretary, Ministry of Mines and Steel Development, Dr Muazu Abdullahi; Director Procurement, Mr. Kehinde Osikoya; and Director Finance and Account, M...

January 23, 2018 No Responses

Shanghai Dingheng Shipping Unveils Agenda to Build 100 Ships

Chinese tanker owner Shanghai Dingheng Shipping has inked a strategic cooperation agreement with local shipbuilders and steel and equipment manufacturers for its plan of constructing 100 ships in the next ten to twenty years. The company’s parent Dinghen...

January 22, 2018 No Responses

CBN explains inability to hold MPC meeting for January

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has allayed the fears of Nigerians and the international community over the inability to hold the meeting of the Monetary Policy Committee (MPC) for January. A statement signed by Emefiele...

January 22, 2018 No Responses

MOWCA Seeks Co-operation with Association of African Maritime Adminstration

The Chairman of the Association of African Maritime Administration, (AAMA) Dr. Dakuku Peterside has stated that the maritime sector is crucial to the growth and development of the African economy. The AAMA Chairman who stated this when the Secretary General....

January 21, 2018 No Responses

Police nabs 20 visa racketeers in Lagos

The Police Special Fraud Unit (PSFU) says it has arrested over 20 suspects who specialised in counterfeiting entry visas of some foreign countries. Spokesman for the PSFU, Audi Lawal, said in a statement on Saturday in Lagos that the visa...