City Archives — Page 451 of 489

October 22, 2016 No Responses

Mitsubishi joins Renault-Nissan alliance

(Auto News) Carlos Ghosn has officially folded troubled Mitsubishi Motors into the Renault-Nissan alliance and appointed himself chairman, forecasting nearly half a billion dollars in savings as soon as next year as the group joins a small club of automakers...

October 22, 2016 No Responses

Collaboration with London Stock Exchange deliberate, strategic, says Onyema as Adeosun opens trading

The Chief Executive Officer of Nigerian Stock Exchange (NSE), Oscar Onyema has described collaboration with London Stock Exchange (LSE) as deliberate and strategic. Speaking at the third anniversary of London & Lagos Capital Markets partnership confer...

October 22, 2016 No Responses

FBN Capital to host Govt, Business leaders at annual conference

In line with its commitment to provide a platform that will facilitate interaction for identifying sustainable growth opportunities in Nigeria, FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc. will host its Ann...

October 22, 2016 No Responses

NPA pledges improve power generation at seaports

The Management of Nigerian Ports Authority (NPA) has called on operators at the Nation’s Seaports to collaborate as part of measures to boost power generation. The chairman of the Organisation’s board of Directors Mr. Emmanuel Adesoye, who gave this.....

October 21, 2016 No Responses

Senate tasks FG on withdrawal of airlines from Nigeria

The Deputy Senate President, Senator Ike Ekweremadu has described withdrawal of airlines from Nigeria as a bad omen for the country. Speaking during a session on the proposed concessioning of four airports on Thursday, the Deputy Senate President explained...

October 21, 2016 No Responses

AfDB approves $40m loan for Afe Babalola University

The Board of Directors of the African Development Bank (AfDB) Group has approved an eight-year $40-million corporate loan to the Afe Babalola University (ABUAD) in Ado Ekiti (Nigeria), to finance part of the university’s expansion plan. According to the.....

October 21, 2016 No Responses

UBA, MEC, unveil revolutionary Omni-Channel Payment System, EmailMoni

MEC Incorporated has entered into agreements with United Bank for Africa (UBA) Plc to provide a revolutionary email-based billing, payment and banking software system called “EmailMoni.” EmailMoni, according to UBA represents the world’s...

October 21, 2016 No Responses

New National Counter Terrorism Strategy underway in Nigeria

(NAN) The Federal Government on Thursday said it had put in place the needed structures for the full implementation of the National Counter Terrorism Strategy (NACTEST). The National Security Adviser, Babagana Monguno, said this in Lagos at the opening of...

October 21, 2016 No Responses

Dangote canvasses tax relief for SMEs

Foremost Businessman and President/ Chief Executive of Dangote Group, Aliko Dangote, on Thursday urged government at all levels to reduce the multiple taxes placed on small and medium businesses (SMEs). Dangote said in a statement in Lagos explained that...

October 20, 2016 No Responses

FERMA comes under scrutiny

The Federal House of Representatives has resolved to probe how the Federal Roads Maintenance Agency (FERMA) utilised its budgetary allocation from September, 2015 till date. The resolution was based on the adoption of a motion by Representative Kamale Adam...

October 20, 2016 No Responses

CMA CGM suspends Terminal Handling Charges in Ghana

CMA CGM has placed temporary suspension on the collection of Terminal Handling Charges in Ghana. In a notice to customers, the Shipping Firm said: “ CMA CGM wishes to inform its customers that the collection of Terminal Handling Charges (THC),...

October 20, 2016 No Responses

Customs arraigns two smugglers

The Nigeria Customs Service, Federal Operations Unit, (Zone A) on Tuesday arraigned two alleged smugglers before Magistrate Y.A. Aje-Afunwa of the Magistrate Court, Ikeja, Lagos State on nine (9) counts charge of smuggling prohibited items. According to ...

October 20, 2016 No Responses

IMF declares Nigeria Africa’s biggest economy

Despite ongoing economic challenges, the International Monetary Fund (IMF) has affirmed Nigeria as the biggest economy in Africa ahead of South Africa and Egypt. However, the IMF’s World Economic Outlook for October 2016, puts South Africa’s GDP at 28...

October 20, 2016 No Responses

FG approves transaction adviser on rail concessioning

The Federal Executive Council (FEC) on Wednesday approved the appointment of transaction advisers to negotiate with General Electric (GE) on railline concessioning. Speaking at the end of the meeting presided over by President Muhammadu Buhari, Minister ...