City BusinessNews Archives — Page 395 of 396

December 11, 2018 No Responses

41 Items: CBN To Sanction Firms, Directors

The Central Bank of Nigeria (CBN) is to sanction Banks, their customers, firms that abuse its policy restricting foreign exchange (forex) allocation to 41 items. According to the CBN, culprits are to be investigated by the Economic Intelligence Unit of...

December 11, 2018 No Responses

Bi-Courtney: MMA2 Not Indebted To FAAN

Bi-Courtney Aviation Services Limited (BASL), operators of the domestic wing of Murtala Muhammed Airport Terminal Two (MMA2), Ikeja, Lagos, has denied owing the Federal Airports Authority of Nigeria (FAAN) about N1, 943,323,516.50. BASL, in a statement on Mond...

December 11, 2018 No Responses

COSCO, Abu Dhabi Ports Open New Terminal

COSCO Shipping Ports and Abu Dhabi Ports on Monday inaugurated CSP Abu Dhabi Terminal at Khalifa Port, adding Abu Dhabi as the regional hub for COSCO’s global network of 36 ports as part of China’s Belt and Road Initiative. This...

December 11, 2018 No Responses

Heritage Bank Photo News

L-R: CEO of David Wej, Adedayo David Eweje; Divisional Head, Corporate Communications, Heritage Bank, Fela Ibidapo; Divisional Head, Commercial Banking, Osepiribo Ben-Willie; Winner of 42nd Miss Nigeria 2018 Chidinma Aaron; Divisional Head, Strategy and Corpor...

December 10, 2018 No Responses

Ekiti Lifts Embargo On Ecobank, GTbank, Zenith Bank

Ekiti State Governor, Dr Kayode Fayemi has lifted the embargo placed on some banks by the immediate past administration. The Fayose-led administration had in May 2016 placed a “non-patronage” ban on three banks- Ecobank, GTbank and Zenith Bank Plc an...

December 10, 2018 No Responses

SEC Nigeria Photo News

Left –Right: Capital Markets Development Specialist (FSD Africa), Mr Victor Nkiri, Managing Director/CEO (FMDQ OTC SecuritiEs Exchange) Mr. Bola Onadele Koko, Ag. Director-General Securities and Exchange Commission, SEC, Mary Uduk, Acting Executive...

December 10, 2018 No Responses

Osinbajo To Address Business Leaders In Berlin, London

Vice President, Prof. Yemi Osinbajo, will address a group of notable German business leaders in Berlin, Germany, on Monday, the Presidency said in a statement on Sunday. In a statement in Abuja, Laolu Akande, Senior Special Assistant to the President...

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 bill...

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...