City BusinessNews Archives — Page 356 of 356

December 10, 2018 No Responses

Nigeria Lauds $21b Savings On Food Import

PRESIDENT Muhammadu Buhari has commended Nigerians for curbing excessive taste for foreign products. According to the President, the new development, he said, has positioned the country for food self-sufficiency and resulted in saving over $21 billion. A statement issued by...

December 9, 2018 No Responses

National Microfinance Bank Takes off Next Month With N5b Capital Base

Barring last minute adjustment, National Microfinance Bank will begin operations in January 2019 as part of measure to ensure more credits flow to the grassroots. According to the Governor, Central Bank of Nigeria (CBN), Godwin Emefiel...

December 8, 2018 No Responses

Nigeria Implores Maritime Stakeholders On Sustained Economic Growth

The Senate Committee on Marine Transport and the Federal Ministry of Transportation (FMOT) have called on stakeholders to join the Government in its recent efforts to pay more attention to the development of the maritime sector as it has enormous...

December 8, 2018 No Responses

Mercedes-Benz Explains 198,545 Sales In November

Mercedes-Benz has once again set a new sales record towards the end of this year despite a volatile market environment: 198,545 vehicles with the three-pointed star were delivered to customers all over the world last month. Under ongoing challenging cond...

May 4, 2017 No Responses

NPA deploys $30m tug boats, reiterates commitment to operational efficiency

Citing need for greater operational efficiency at the nation’s Seaports, the Nigerian Ports Authority (NPA) on Wednesday in Lagos commissioned four new tug boats valued at $30 million. Christened Mt. Daura, Mt. Ubima, Mt. Uromi and Mt. Majiya, the...

May 4, 2017 No Responses

Presco emerges winner of CSR award

Presco Plc has emerged winner of Corporate Social Responsibility (CSR) agriculture award for the year 2016 and 2017. At a colourful ceremony held on Wednesday in Lagos, Presco Plc was announced winner ahead of other nominees such as British...

May 4, 2017 No Responses

Ecobank to sack more workers

Inline with plans to close some branches, Eco Bank has resolved to sack more of its workers. Under the arrangement, Eco Bank is to step up its digital platforms as part of measures to cut cost and ensure efficiency....

April 4, 2017 No Responses

CBN sets aside $90m for BTA, Medicals

As part of efforts to stabilize the naira, Central Bank of Nigeria (CBN), on Monday, released the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees. Also, the Bank offered a total of $150 million...

April 4, 2017 No Responses

Shell to fuel world’s 1st LNG-Powered Aframax Tankers

Russia’s SCF Group (Sovcomflot) has signed an agreement with Shell Western LNG B.V. (Shell) for the supply of liquefied natural gas (LNG) to fuel the first Aframax crude oil tankers in the world to be powered by LNG. Under the...

April 4, 2017 No Responses

African envoys: India attacks on Nigerians ‘racial’

(BBC)—Envoys from African nations in the Indian capital, Delhi, have condemned the handling of recent attacks on Nigerian students in the city. In a statement, the African Heads of Mission said the attacks were “xenophobic and racial”. Indian...

April 4, 2017 No Responses

Photo News

Chief Leemon Ikpea, Chairman/Chief Executive Officer Lee Engineering and Construction Company, on Thursday, April 30, 2017, graduated from Harvard Business School Owner President Management (OPM) 49 programme, in Boston, Massachusetts, United States. Pictur...