Tag: City

IOSCO Unveils New Measures To Protect Investors of OTC Products
September 20, 2018 No Responses

IOSCO Unveils New Measures To Protect Investors of OTC Products

The Board of the International Organization of Securities Commissions (IOSCO) on Wednesday issued a final report providing measures for securities regulators to consider when addressing the risks arising from the marketing and sale of OTC leveraged products to retail investors....
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Nigeria Suspends Proposed National Carrier
September 20, 2018 No Responses

Nigeria Suspends Proposed National Carrier

The Federal Government, on Wednesday suspended its controversial national carrier project, Nigeria Air.   This was disclosed by the Minister of State for Aviation, Hadi Sirika, while addressing Journalists.  According to Sirika, the decision to suspend the ...
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Tony Elumelu Foundation To Launch Digital Platform For African Entrepreneurs At 2018 Forum
September 20, 2018 No Responses

Tony Elumelu Foundation To Launch Digital Platform For African Entrepreneurs At 2018 Forum

Africa’s leading entrepreneurship focused philanthropy, The Tony Elumelu Foundation, is launching the world’s largest digital platform for African entrepreneurs and the African entrepreneurship ecosystem –  TEFConnect.   TEFConnect will officially be u...
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A.P. Moller – Maersk Explains Integration, Improved Customer Experience
September 20, 2018 No Responses

A.P. Moller – Maersk Explains Integration, Improved Customer Experience

To better serve customers and unlock growth potential in the Logistics &Services segment, A.P. Moller – Maersk will combine its offering for ocean products and supply chain services to be able to offer more comprehensive end-to-end logistic solutions...
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IAPH Communique Tasks African Countries On Regional Deep Seaport
September 19, 2018 No Responses

IAPH Communique Tasks African Countries On Regional Deep Seaport

By Moses Ebosele, citybusinessnews@yahoo.com –   African Countries need to look into the possibilities of partnering as part of measures to develop regional deep-sea ports, the International Association of Ports and Harbours (IAPH) has said.  In a com...
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INTELS Donates New Health Centre To Delta Community
September 19, 2018 No Responses

INTELS Donates New Health Centre To Delta Community

Leading port operator/oil and gas logistics service company, INTELS Nigeria Limited has built and handed over a modern, fully equipped Health Centre to the Aruakpor-Umah Community, in Uvwie Local Government Area, Warri of Delta State.  The multimillion naira ...
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NPA, Guangzhou Port Seal MoU On Effective Logistics, Trade, Training, Others
September 19, 2018 No Responses

NPA, Guangzhou Port Seal MoU On Effective Logistics, Trade, Training, Others

By Moses Ebosele, citybusinessnews@yahoo.com –       Citing need to promote cooperation in a variety of fields, the Nigerian Ports Authority (NPA) and Guangzhou Port Authority, China, on Tuesday in Abuja signed a Memorandum of Understanding (MoU).  ...
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CBN Acquires 2.4b FG’s Shares In NSPM
September 19, 2018 No Responses

CBN Acquires 2.4b FG’s Shares In NSPM

The Central Bank of Nigeria (CBN) and the Bureau of Public Enterprises(BPE) have signed an agreement for the sale of the Federal Government’s 12.4 billion shares in Nigerian Security Printing and Minting company (NSPM) to CBN. The ceremony was chaired...
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Again, CBN Lifts FOREX Market With $210m
September 19, 2018 No Responses

Again, CBN Lifts FOREX Market With $210m

The Central Bank of Nigeria (CBN) has again intervened in the inter-bank Foreign Exchange Market to the tune of $210 million. According to the figures obtained from the CBN on Tuesday, September 18, 2018, the Bank offered $100million to authorized...
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Buhari Implores Africa Nations On Maritime Endowment, Trade Facilitation
September 18, 2018 No Responses

Buhari Implores Africa Nations On Maritime Endowment, Trade Facilitation

By Moses Ebosele, ebosele@hotmail.com –     President  Muhammadu Buhari  of Nigeria has advised African Nations to take full advantage of maritime endowment within the continent as part of measures to strengthen economic development.   Speaking on...
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Arunma Oteh, 300 Delegates For WFE General Assembly, Annual Meeting
September 18, 2018 No Responses

Arunma Oteh, 300 Delegates For WFE General Assembly, Annual Meeting

By Moses Ebosele, citybusinessnews@yahoo.com –     The World Federation of Exchanges (WFE) General Assembly & Annual Meeting is to hold from 2-4 October, in Athens, Greece.   WFE in a statement on Monday explained that the event will also includ...
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Buhari Lauds Jim Ovia’s Entrepreneurship Drive
September 18, 2018 No Responses

Buhari Lauds Jim Ovia’s Entrepreneurship Drive

  President Muhammadu Buhari on Monday commended the Founder and Chairman of Zenith Bank, Mr Jim Ovia, for his contributions to entrepreneurship in Nigeria.  Buhari gave the commendation in a message at the public presentation and launch of Ovia’s book...
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Maersk Line To Introduce New Fuel Adjustment Surcharge
September 18, 2018 No Responses

Maersk Line To Introduce New Fuel Adjustment Surcharge

World’s largest container shipping company Maersk Line is planning to introduce a new fuel adjustment surcharge ahead of the 2020 sulphur cap.  As explained, the new Bunker Adjustment Factor (BAF) surcharge aims at recovering Maersk Line’s costs of compl...
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Labour Tasks MTN On Alleged $2B Tax Arrears, $8.13B Transactions
September 17, 2018 No Responses

Labour Tasks MTN On Alleged $2B Tax Arrears, $8.13B Transactions

We at the Nigeria Labour Congress (NLC) hereby urge MTN Nigeria to comply without further delay the directive of the Federal Government to it to pay $2 billion in tax arrears as well as the $8.13 billion it was said...
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