City – Page 476 – City Business News

May 25, 2017 No Responses

FEC approves committee on minimum wage

The Federal Executive Council (FEC) on Wednesday endorsed the constitution of a minimum wage committee charged with the responsibility of negotiating with lanour unions a new minimum wage for the country. Briefing Journalists after the meeting, the Minister of...

May 25, 2017 No Responses

Dangote Cement Shareholders approve N144.8b for 2016 dividend, seeks bonus

Shareholders of Dangote Cement Plc on Wednesday in Lagos endorsed proposal by the Board of company to set aside N144.8billion for 2016 dividend, indicating N8.50 kobo per share as against N8 per share paid in the corresponding period of 2015...

May 25, 2017 No Responses

Coscharis Motors wins Jaguar LandRover’s ‘customer first’, ‘technician’ of the year awards

Foremost importers and employees of Jaguar Land Rover sub-Sahara Africa were recently honoured at a colourful awards banquet in Sandton, Johannesburg, South Africa. Jaguar Land Rover’s importer partners from its sub-Saharan markets were present at the pr...

May 25, 2017 No Responses

Don’t amend NLNG Act, PENGASSAN tells National Assembly

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has reiterated its opposition to the amendment of the Nigeria LNG Limited (NLNG) (Fiscal Incentives, Guarantees and Assurances) Act. Specifically, the union called on the Nat...

May 25, 2017 No Responses

Edede, new Murtala Mohammed Airport CAC implores stakeholders on honest declarations, appropriate duties

The new Customs Area Controller (CAC) of Murtala Mohammed Airport Command, Lagos, Comptroller Edede I. Emmanuel has commenced interactive sessions with the heads of Federal Government Agencies at the Airport. According to the command, the essence of the visit ...

May 24, 2017 No Responses

CBN retains interest rate at 14 %, injects $186.5m for invisible, SMEs

THE Central Bank of Nigeria (CBN) on Tuesday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent. Speaking at an interactive session with Journalists after the Monetary Policy Committee (MPC) meeting in Abuja, CBN Governor,...

May 24, 2017 No Responses

Customs intercepts 440 pump action riffles imported from Turkey

The Tin-Can Island Command of the Nigeria Customs Service (NCS) has intercepted a 20 footer container laden with 440 pump action riffles imported from Turkey. The Customs Area Controller, BASHAR YUSUF explained on Tuesday that the seizure was perfected...

May 24, 2017 No Responses

Osinbajo mourns Onuekwusi, Channels TV State House Correspondent

Acting President Yemi Osinbajo, SAN, has received the news of the death of Mr. Chukwuma Onuekwusi, Channels TV State House Correspondent with great sadness. Prof Osinbajo extends heartfelt condolences to his family, as well as the Channels TV family on...

May 24, 2017 No Responses

FBN Capital Asset Management Business appoints Onyia as MD/CEO

Mr. Ike Onyia has been appointed Managing Director/CEO of FBN Capital Asset Management, a part of FBN Holdings Plc’s Merchant Banking & Asset Management Group. A statement explained that Mr. Onyia joined the firm with over 20 years’ experience in.....

May 24, 2017 No Responses

NSE Photo News

L – R: Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Apostle Hayford Alile, Pioneer Director-General, NSE; Oscar N. Onyema, OON, CEO, NSE; Abimbola Ogunbanjo, First Vice President, NSE andAyo Gbeleyi, Ma...

May 23, 2017 No Responses

Lagos terminates N844b Fourth Mainland Bridge contract

Citing delay in the commencement of work, the Lagos State Government on Monday terminated the N844billion Fourth Mainland Bridge contract. Commissioner for Waterfront and Infrastructure Development Adebowale Akinsanya, explained that the State Government wa...

May 23, 2017 No Responses

Obaseki shuts down Edo Line, relocates staff to ministry of transport

Edo State Governor, Mr. Godwin Obaseki has shut down state-owned transport outfit, Edo line, indefinitely and directed that its staff be relocated to the Edo State Ministry of Transport. The governor gave this directive in Benin as he paid an...

May 23, 2017 No Responses

Heritage Bank partners RIMAN on best practice in risk management

Heritage Bank Plc has entered into strategic partnership with Risk Management Association of Nigeria (RIMAN) to promote global best practices in the implementation of risk management for safer and stronger financial institution. President of RIMAN, Mr Jude Mon...

May 23, 2017 No Responses

‘Reps attempt to amend NLNG Act without shareholders’ involvement borders on illegality’

An amendment to the Nigeria LNG Limited (NLNG) (Fiscal Incentives, Guarantees and Assurances) Act without following the laid down process stipulated in the Act for any amendment would be contrary to the Rule of Law, said General Manager, External Relations...