City BusinessNews Archives — Page 334 of 357

May 22, 2019 No Responses

CBN To Restrict Banks Access To Bonds, Treasury Bills

The Central Bank of Nigeria (CBN) is to restrict Banks access to government securities. Speaking at the end of the Monetary Policy Committee (MPC) meeting in Abuja, the CBN Governor, Godwin Emefiele explained that MPC also directed CBN to initiate...

May 22, 2019 No Responses

Intels Denies Owing NPA

The Management of Nigeria’s oil and gas logistics giant, Intels Nigeria Limited said it is not indebted to the Nigerian Ports Authority (NPA), but rather NPA owes it more than US$750 million. The company, which issued a statement on Tuesday...

May 22, 2019 No Responses

How To Lift Forex Earnings Through Viable Commodities Exchange, By SEC Boss

In a bid to ensure that Nigeria realizes its full potentials in the Commodities market as well as boost foreign exchange earnings, , the Securities and Exchange Commission, SEC has emphasized the need to have a vibrant Commodities Exchange in...

May 22, 2019 No Responses

UBA Premieres Most Anticipated Men’s Club Season 2 Trailer

Lagos, Saturday 18th of May, 2019 was the definition of entertainment success. From the lights to setup, the atmosphere was filled with the euphoria of excitement. The wait was finally over, almost 6 months after the first season hit YouTube, The...

May 21, 2019 No Responses

NSE Backs MTN On N40b Free Float Requirement, Premium Board Listing

By Moses Ebosele, ebosele@hotmail.com — MTN Nigeria met with the free float requirement of N40 billion. The free float of MTN Nigeria at the time of listing was in excess of N90 billion, the Nigerian Stock Exchange (NSE) clarified on...

May 21, 2019 No Responses

Ford Sacks 7,000 Workers

The management of Ford has announced it will cut 7,000 jobs globally by the end of August in an effort to save costs. Under the arrangement, the company will reduce Ford’s salaried workforce by 10% and will be made through...

May 21, 2019 No Responses

NIMASA, Navy, Others Probe Abduction Of Vessel, Crew

The Nigerian Maritime Administration and Safety Agency (NIMASA), in collaboration with the Nigerian Navy, the Indian High Commission in Nigeria and other security agencies have commenced investigations into an incident involving a Palau flagged Tanker, MT APEC...

May 21, 2019 No Responses

Continental Tyre Sponsors Total Africa Cup Of Nations

International tyre manufacturer, Continental has announced that its Tire Division is to be Official Sponsor of the Total Africa Cup of Nations (AFCON) until 2023, as part of a five-year agreement signed with the Confédération Africaine de Football (CAF). &nb...

May 20, 2019 No Responses

Rabiu Yadudu Resumes As New FAAN MD

The Federal Government on Monday appointed Captain Rabiu Hamisu Yadudu as the new Managing Director of the Federal Airports Authority of Nigeria (FAAN) with immediate effect. Until his new appointment, he was Director of Operstions, FAAN.He rep...

May 20, 2019 No Responses

Rotary Honours NSE With Outstanding Company Award

The Nigerian Stock Exchange (NSE) has received “Rotary Outstanding Invaluable Company Award” from Rotary International District 9110, Nigeria, one of the 535 Districts that make up Rotary International worldwide. It comprises over 100 Rotary Clubs wit...

May 20, 2019 No Responses

NIMASA To Partner Port Of Antwerp On Maritime Trade

As part of efforts to boost trade and encourage foreign direct investment opportunities in the Nigerian maritime sector, the Nigerian Maritime Administration and Safety Agency (NIMASA) is set to partner with the Port of Antwerp in Belgium. This position was...