City – Page 542 – City Business News

November 8, 2016 No Responses

Ryder re-elected as ILO Director-General for a second term

The Governing Body of the International Labour Organization (ILO) has re-elected Guy Ryder as Director-General for a second five year-term to start in October 2017. Guy Ryder received 54 of the 56 votes cast by the titular members of the...

November 8, 2016 No Responses

NECA lauds suspension of FRCN’S Code of Corporate Governance

The Nigeria Employers’ Consultative Association (NECA) has commended the Federal Government on its decision to suspend the Financial Reporting Council (FRCN)’s recently released Code of Corporate Governance. In a statement, NECA considered the action ap...

November 8, 2016 No Responses

Fidelity Bank Goes Live on NIBSS mCash Product

Inline with its renewed efforts to further drive the financial inclusion mandates of the Central Bank of Nigeria (CBN), Fidelity Bank Plc is now live on the Nigerian Inter-Bank Settlement System (NIBSS) mCash product which will allow it’s registered mercha...

November 8, 2016 No Responses

DANGOTE, Osundare, Amao bag University of Ibadan Honourary Degree

Foremost entrepreneur and business guru, Aliko Dangote has been named among three eminent Nigerians to be conferred with honorary degrees by the premier institution, the University of Ibadan. Others to be honoured according the University management are Prof...

November 8, 2016 No Responses

FG inaugurates N510bn water, sanitation scheme

The Vice President, Prof Yemi Osinbajo on Monday in Abuja inaugurated N510 Billion partnership for Expanded Water Suppy, Sanitation and Hygiene (PEWASH) Programme. Under the arrangement, N290.5 Billion is to be set aside for water while for the period 2016.....

November 8, 2016 No Responses

NPA pledges sustained partnership with NLNG

As part of measures to enhance economic growth, the Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has assured the management of Nigerian Liquified Natural Gas (NLNG) of a sustained partnership. Playing host to a delegation from....

November 7, 2016 No Responses

Business leaders seek fresh path to prosperity in SouthWest, lauds Awolowo

All is now set for business leaders from the South West to hold Economic Summit in Ibadan, Oyo State between November 18 and 25, 2016. The gathering is expected to identify challenges confronting the region and how to overcome...

November 7, 2016 No Responses

Rail conveys 2,330 cattle to Lagos in two months

Between September and October 2016, the Nigerian Railway Corporation (NRC) transported 2,330 cattle from the North to Lagos. Lagos District Manager, Jerry Oche made this known in an interview with the News Agency of Nigeria (NAN) in Lagos. He...

November 7, 2016 No Responses

Heritage Centre replaces Presidential Lodge in Lagos

The Lagos State Government has commended President Muhammadu Buhari for approving the hand over of the Marina Presidential Lodge to the State. According to the State Government, the gesture followed Governor Ambode’s request to have the lodge released t...

November 7, 2016 No Responses

Shareholders should take advantage of recession, says Oderinde

The Proactive Shareholders Association of Nigeria (PROSAN) has advised members to take advantage of the present economic recession in Nigeria. Addressing members during a meeting in Ibadan, Oyo State, the National Coordinator of PROSAN, Taiwo Oderinde e...

November 7, 2016 No Responses

Poetsch, VW Chairman under investigations

Car giant Volkswagen says German prosecutors have expanded their probe of the emissions scandal to include the firm’s chairman of the board. Hans Dieter Poetsch was chief financial officer when the scandal over cars rigged to cheat on US diesel...

November 7, 2016 No Responses

Clinton maintains lead over Trumph

The closing days of this long campaign has seen Trump closing the gap on the Democratic nominee. Two new polls, two days out from the US presidential election, show Hillary Clinton opening up her lead against Donald Trump, but the...

November 7, 2016 No Responses

Stowaway incidents rise in South Africa

Gothenburg-based marine insurer The Swedish Club has issued an urgent stowaway advice for shipowners to prevent stowaways from boarding vessels in South African ports, following a rise in such incidents in the last two months. Shipowners should be conce...

November 6, 2016 No Responses

NIMASA, Navy arrest 16 stowaways on US bound vessel

Search and Rescue personnel of the Nigerian Maritime Administration and Safety Agency (NIMASA) in conjunction with officers and men of the Nigerian Navy have apprehended 16 stowaways on a United States bound vessel, MV Colombia River. The arrest which was...