Tag: City BusinessNews

Naira Remains Stable At Parallel Market
May 10, 2019 No Responses

Naira Remains Stable At Parallel Market

The Naira on Thursday remained stable at the parallel market in Lagos, exchanging at N359.3 to the dollar. The Pound Sterling and the Euro traded at N472 and N402, respectively. At the Bureau De Change (BDC) window, the naira was...
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ILO: $150B Generated Annually Through Forced Labour
May 10, 2019 No Responses

ILO: $150B Generated Annually Through Forced Labour

The International Labour Organisation (ILO) says that about 150 billion dollars is being generated illegally every year through forced labour. Mr Dennis Zulu, ILO Country Director to Nigeria said this during the National Consultation and Launch Workshop for Al...
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SIFAX Group Donates Clinic, Hall To Ogun Community
May 9, 2019 No Responses

SIFAX Group Donates Clinic, Hall To Ogun Community

In furtherance of its commitment to the philosophy of impacting the society, SIFAX Group, a group of companies with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services and Hospitality, has donated a modern and well...
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Toyota Posts $21.66b Profit, Delivers 10.6m vehicles
May 9, 2019 No Responses

Toyota Posts $21.66b Profit, Delivers 10.6m vehicles

For the fiscal year ended March 31st, Toyota Motor Corporation has declared $21.66billion operating profit and 10.6million sales worldwide.However, according to the financial statement released on Wednesday, net income declined 25 percent to 1.88 trillion yen ...
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Dakuku: Special Tax Regime For Maritime Sector Under Consideration
May 8, 2019 No Responses

Dakuku: Special Tax Regime For Maritime Sector Under Consideration

The Federal Government Wednesday, assured the international oil and Gas community that the Nigerian maritime sector is safe for investment and special tax regime are under consideration to grow capacity for the industry in the country. Addressing Journalists a...
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Edo 2020: Igbinedion Canvasses Support For Obaseki
May 8, 2019 No Responses

Edo 2020: Igbinedion Canvasses Support For Obaseki

A Chieftain of the Peoples Democratic Party (PDP), Chief Dr Gabriel Osawaru Igbinedion has thrown his weight behind Edo State Governor, Godwin Obaseki’s development strides, urging him to remain focused. Chief Igbinedion endorsed Obaseki’s per...
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CBN Lifts Forex Market With $205m
May 8, 2019 No Responses

CBN Lifts Forex Market With $205m

The interbank segment of the Foreign Exchange Market has received a boost of $205 million from the Central Bank of Nigeria (CBN) following the sales concluded on Tuesday, May 7, 2019.  Figures obtained from the CBN indicated that authorized dealers...
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SEC Receives MTN’s Application For Listing on Nigerian Stock Exchange
May 6, 2019 No Responses

SEC Receives MTN’s Application For Listing on Nigerian Stock Exchange

The Securities and Exchange Commission (SEC) on Monday disclosed  that MTN Nigeria has formally applied for listing by introduction on the Nigerian Stock Exchange (NSE). SEC Head, Corporate Communications, Efe Ebelo,  who confirmed the development explaine...
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Yam Stakeholders Seek Duty-Free Export To Europe
May 6, 2019 No Responses

Yam Stakeholders Seek Duty-Free Export To Europe

To facilitate free duty yam export to Europe, some stakeholders in the yam value chain have appealed to the Nigerian Government to sign relevant trade agreements with the European Union (EU) They made the appeal in a communiqué issued in...
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FRSC Recovers Stolen Vehicle Through NVIS
May 6, 2019 No Responses

FRSC Recovers Stolen Vehicle Through NVIS

The Federal Road Safety Corps, Anambra State Command has urged motorists to ensure their vehicles are properly registered and uploaded to the National Vehicle Identification System platform and desist from patronising touts. Andrew Kumapayi, the Sector Command...
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Tony Elumelu Foundation To Host 5,000 African Entrepreneurs
May 6, 2019 No Responses

Tony Elumelu Foundation To Host 5,000 African Entrepreneurs

The Tony Elumelu Foundation (TEF), Africa’s foremost champion of entrepreneurship, will host its 5th Annual Forum — the largest annual gathering of African entrepreneurs – on July 26 – 27, 2019. The two-day event will take place at the iconic...
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NNPC Remits N153.01b Into Federation Account In January
May 6, 2019 No Responses

NNPC Remits N153.01b Into Federation Account In January

The Nigerian National Petroleum Corporation (NNPC) says it transferred N153.01 billion into the federation account in January. The corporation disclosed this in its Financial and Operations Report for the January released in Abuja on Sunday. “Within the peri...
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Photo News
May 6, 2019 No Responses

Photo News

VP Trading, Cars45, Mohammed Iyamu; Zonal Coordinator, Nigeria Customs Service Zone ‘A’, Assistant Comptroller-General of Customs, Katherine Ekekezie; and Head, Central Support Services, Cars45, Mandela Oniemola during a courtesy visit to the Zone A HQ, Ni...
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South Africa To Tackle IMO’s Delisting Action
May 5, 2019 No Responses

South Africa To Tackle IMO’s Delisting Action

The International Maritime Organization’s intentions to delist over 80 countries, including South Africa from its Standards of Training, Certification and Watchkeeping for Seafarers (STCW) whitelist has major implications for the country’s maritime sector....
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