City Archives — Page 363 of 520

October 16, 2017 No Responses

Controversy trails NPA, Intels imbroglio

By citybusinessnews@yahoo.com – The controversy surrounding the termination of pilotage contract agreement with INTELS by the Nigerian Ports Authority (NPA) continued at the weekend. Indeed, the controversy has divided Nigerians into two groups with some criticising the Buhari’s...

October 16, 2017 No Responses

Foreign minister at 27, Sebastian Kurz set to become world’s youngest leader at 31

Austria’s conservative People’s Party, led by 31-year-old Sebastian Kurz, is set to win the country’s general election, projections suggest. Mr Kurz is on course to become the world’s youngest national leader. The People’s Party w...

October 15, 2017 No Responses

World Bank: Assistance to Nigeria not limited to Northeast

Assiatance to Nigeria is not limited to the Northeast, the World Bank has clarified. Reacting to the controversy generated by a statement credited to its President, Jim Yong Kim that President Muhammadu Buhari requested its special intervention in ...

October 15, 2017 No Responses

Four killed, six injured in Cargo plane crash

A cargo plane has crashed into the sea off Ivory Coast, close to Abidjan airport, killing four people and injuring six. The wreckage of the turboprop plane, which was carrying 10people, was swept toward a beach where rescuers treated surviving...

October 15, 2017 No Responses

Osinbajo lauds Elumelu as foundation wraps up 2017 entrepreneurship forum

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, concluded its 3rd annual TEF Entrepreneurship Forum on Saturday in Lagos State with Vice President Yemi Osinbajo in attendance. The Forum hosted mor...

October 14, 2017 No Responses

Coscharis unveils Ford Assembly plant in Lagos, rolls out 600 units of Ranger

By Moses Ebosele, ebosele@hotmail.com – A leading player in the automotive industry in Nigeria, Coscharis Group, has unveiled Ford Assembly plant in Lagos. Already, the plant located at KM 32, Lekki-Epe Expressway, Awoyaya, Lagos State has rolle...

October 14, 2017 No Responses

NPA replies Intels, insist on level playing field for all operators

By citybusinessnews@yahoo.com – The management of Nigerian Ports Authority (NPA) has dismissed reported plans by Integrated Logistics Services limited (Intels) to withdraw its investment agenda in Nigeria. According to NPA, business thrives in f...

October 14, 2017 No Responses

Edo reviews 2017 budget downwards by 16.49 %

The Edo State Government has approved the downward review of the 2017 budget from the initial ₦153.187bn to ₦127.921billion, representing a 16.49% reduction. In a statement issued after an emergency Executive Council (EXCO) meeting held at Government Hou...

October 14, 2017 No Responses

SIFAX Group gets West Africa Shipping Award

SIFAX Group, a multinational corporation with diverse interests in Maritime, Aviation, Haulage & Logistics, Oil & Gas and Hospitality, has bagged an award at the 7th edition of the Nigeria Brand Awards. SIFAX Group was awarded the “Most Innovative an...

October 14, 2017 No Responses

Management Crisis: Samsung CEO resigns

Citing “unprecedented crisis”, Samsung Electronics chief executive Kwon Oh-hyun has resigned. It is the latest management upheaval at the firm after the heir of the entire Samsung Group was imprisoned for corruption in August. Mr Kwon is one of thr...

October 13, 2017 No Responses

Osinbajo lauds NLNG, flags off construction of N120b Bonny-Bodo road project

The Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo, SAN (GCON), on Thursday in Bonny flagged off the construction of the N120 billion Bonny-Bodo Road to be jointly funded by Nigeria LNG Limited (NLNG) and the Federal...

October 13, 2017 No Responses

NSE appoints Jalo-Waziri CSCS boss

The Nigerian Stock Exchange (NSE) has appointed Mr. Haruna Jalo Waziri as the substantive Chief Executive Officer of the Central Securities Clearing System (CSCS). National Wire reports that Waziri will take over from Mr. Bola Adeeko who has been pilotin...

October 13, 2017 No Responses

Nestle sustains growth profile, hits N1, 240 per share

Nestle Plc on Thursday sustained its rising profile to lead the Nigerian Stock Exchange (NSE) gainers’ table, growing by N6.88 to close at N1,240 per share. Also at the end of tradings, Stanbic IBTC came second with a gain of...

October 13, 2017 No Responses

Isuzu unveils new pick-up

Growing demand for light commercial vehicles has spurred Isuzu to expand its offering in Sub-Saharan Africa to include the KB 4×4 crew cab X-Rider model. Introduced initially as a 700-unit limited edition, the X-Rider according to the auto firm...