Tag: City BusinessNews

WFE Explains Proposal On Registration, Alternative Compliance For Non-U.S. Derivatives
September 21, 2019 No Responses

WFE Explains Proposal On Registration, Alternative Compliance For Non-U.S. Derivatives

The World Federation of Exchanges (WFE) has published a letter to the Commodity Futures Trading Commission (CFTC) concerning two proposals that stand to impact the supervision of non-US central counterparties (CCPs) – namely, its Proposal on the Registration with Alternative...
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Presco, Okomu, Others Get N30b To Boost Oil-Palm Production
September 20, 2019 No Responses

Presco, Okomu, Others Get N30b To Boost Oil-Palm Production

The Central Bank of Nigeria (CBN) has committed about N30 billion to enhance Oil-palm production in the country. The CBN Governor, Mr Godwin Emefiele, disclosed this in a meeting with some state Governors in Abuja on Thursday. Emefiele explained that...
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NNPC Woos Investors For NLNG Train 7
September 20, 2019 No Responses

NNPC Woos Investors For NLNG Train 7

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment towards harnessing Nigeria’s abundant resources for the benefit of Nigerians. It’s Group Managing Director Malam Mele Kyari disclosed this while speaking at a Gas and Power Br...
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NEC To NNPC: Identify Markets For Stolen Products
September 20, 2019 No Responses

NEC To NNPC: Identify Markets For Stolen Products

The National Economic Council(NEC) on Thursday urged the Nigerian National Petroleum Corporation(NNPC) to engage the National Intelligence Agency(NIA) to identify markets for stolen products across the continent. Governor Godwin Obaseki made this known while b...
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FG, States, Council Share N740.880b
September 20, 2019 No Responses

FG, States, Council Share N740.880b

The Federal Account Allocation Committee (FAAC). today in Abuja at its meeting, shared to the Federal Government, States and Local Government Councils a sum total of N740.880 billion as federal allocation for the month of August 2019. From this amount,...
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New BMW X7 To Debut In Nigeria At Banana Island Festival
September 20, 2019 No Responses

New BMW X7 To Debut In Nigeria At Banana Island Festival

Coscharis Motors Nigeria, the exclusive franchise owner of BMW in Nigeria is set to officially reveal the very first-ever BMW X7, the pinnacle of BMW’s X Sport Activity Vehicle line-up and a statement of the luxury class at this year’s...
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UBA Emphasises Customer Satisfaction, Now Available On Apple Business Chat
September 20, 2019 No Responses

UBA Emphasises Customer Satisfaction, Now Available On Apple Business Chat

United Bank for Africa (UBA) Plc, on Thursday, announced that the services of its Chatbot, Leo is now available for customers on Apple Business Chat, where its users can communicate directly with businesses using the Messages app on iPhone and...
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Employers Blame Poverty In Africa On Incompetent Leaders, Corruption
September 20, 2019 No Responses

Employers Blame Poverty In Africa On Incompetent Leaders, Corruption

The United Kingdom based Federation of International Employers (FedEE) on Thursday decried the state of poverty in Africa.  In a release titled: ‘Why is Africa Poor?, the group said: “Most African countries have vast mineral resources, a rapidly growi...
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Toyota Votes $243.29m For New Expansion
September 20, 2019 No Responses

Toyota Votes $243.29m For New Expansion

Toyota Motor Corp on Thursday announced a 1 billion reais ($243.29 million) expansion at a plant in the Brazilian state of Sao Paulo, joining Volkswagen and General Motors in new investments in the region. Toyota said the funding would allow...
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Qatar Airways Posts $639m Loss
September 19, 2019 No Responses

Qatar Airways Posts $639m Loss

Qatar Airways reported a loss of 2.3 billion Qatari riyals or 639 million dollars on Wednesday for the year ended March 31, as it grappled with the second year of an embargo by neighbours that has restricted its air routes...
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The Next Titan: Heritage Bank Sustains Support For Youth Entrepreneurship
September 19, 2019 No Responses

The Next Titan: Heritage Bank Sustains Support For Youth Entrepreneurship

Heritage Bank Plc has again thrown its usual support behind the organizer of The Next Titan, so as to have a better and improved season six of the programme. This year’s edition of the reality TV show is again headlined...
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Kia Seltos Displaces Hyundai Creta In August Sales
September 19, 2019 No Responses

Kia Seltos Displaces Hyundai Creta In August Sales

The ongoing competition between Kia Seltos and Hyundai Creta in the Indian Sports Utility Vehicle (SUV) segment assumed a new dimension in the month of August, 2019. Within the month of August, Kia Seltos delivered 6,236 units to customers. The...
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FG Sets Up Inter-Agency Task Force On N5t AMCON Debt Recovery
September 18, 2019 No Responses

FG Sets Up Inter-Agency Task Force On N5t AMCON Debt Recovery

The Federal Government has taken another determined step in its bid to recover over N5 Trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), with the formal inauguration of an inter-agency Committee to speedily resolve the challe...
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At TAAM Conference, Experts Chart Course For Maritime Sector’s Growth
September 17, 2019 No Responses

At TAAM Conference, Experts Chart Course For Maritime Sector’s Growth

To achieve a greater level of growth in the country’s maritime sector, there is a need to devise a strategic framework that guarantees innovations and sustainable solutions that could address the problems in the industry. This was the submission of...
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