Information Archives — Page 389 of 478

October 27, 2017 No Responses

FG pledges to fast-track establishment of seaport in Bayelsa

The Federal Government on Thursday pledged to fast-track the establishment of the seaport in Bayelsa through Public Private Partnership for infrastructural development. Mr Rotimi Amaechi made the pledge when the Bayelsa State Governor, Seriake Dickson, paid him a courtesy visit in Abuja....

October 27, 2017 No Responses

Ford declares $1.6 billion profit in Q3

Ford Motor Company on Thursday said its third-quarter net income rose 63 percent to $1.6 billion, helped by foreign tax credits and strong light-truck sales in North America. Ford’s revenue, pretax profit and operating margin all increased in what C...

October 26, 2017 No Responses

Reshuffle ‘kitchen cabinet’, labour tells Buhari

Alarmed by the scandal surrounding the reinstatement of the dismissed former Chairman of the Presidential Task Force on Pension Reforms, Abdulrasheed Maina, into the Federal Civil Service, Organised Labour under the auspices of Association of Senior Civil Serv...

October 26, 2017 No Responses

NLNG awards 10 overseas post-graduate scholarships

October 26, 2017 No Responses

Market capitalisation attains N101b, index up by 0.25 per cent

For the second day, the Nigerian Stock Exchange (NSE) on Wednesday sustained growth as the market capitalization recorded N101billion to close atN12.675 trillion. Also, the index increased by 91.23 points or 0.25 per cent to close at 36,622.85 compared with....

October 26, 2017 No Responses

Coscharis thrills BMW club, highlights 5 series performamce, achievements

Coscharis Motors in partnership with BMW Club Nigeria, recently demonstrated BMW 5 Series performance and achivements during the 2017Bimmerfest event held at the Muri Okunola Park, Victoria Island, Lagos State. According to Coscharis, the event is aimed at ...

October 26, 2017 No Responses

Customs at Tincan Island Port hands over two containers of drugs to NAFDAC

The Tincan Island Port Command of the Nigeria Customs Service, on Friday 20th October 2017, handed over two 40ft containers of drugs falsely declared as vehicles, cartons of makeup items and Computer Accessories respectively to officials of the National Agen...

October 25, 2017 No Responses

Yam exporters refute report as minister implores National Assembly on 1989 law

By citybusinessnews@yahoo.com – Nigerian yam exporters have refuted news report which alleged rejection of their consignments in the United Kingdom (UK) and United States of America (USA). In a statement on Tuesday, the exporters explained that...

October 25, 2017 No Responses

Investors stake N303m on UBA shares

By citybusinessnews@yahoo.com – The slidding mood on the floor of the Nigerian Stock Exchange (NSE) came under control on Tuesday as the All-Share Index gained 118.89 points or 0.33 per cent to close at 36,531.62, compared with 36,412.73 recorde...

October 25, 2017 No Responses

Hyundai votes $5m for research and development

Hyundai America Technical Center Incorporated is investing $5 million in the American Center for Mobility in Ypsilanti Township. According to Agency Report, the investment brings the autonomous vehicle testing site’s fundraising total to $101 millio...

October 25, 2017 No Responses

Saudi Arabia unveils agenda for $500b mega city, business zone

Saudi Arabia has unveiled plans to build a new city and business zone – a project that will be backed up by more than $500bn (£381bn) in investment. Crown Prince Mohammed bin Salman says the 26,500 sq km (10,232 sq...

October 24, 2017 No Responses

Obaseki to FG: Deregulate petroleum sector now

The former Group Managing Director of the Nigerian National Petroleum Company (NNPC), Dr Jackson Gaius-Obaseki, has advised the Federal Government to consider full deregulation of the value chains of the nation’s petroleum sector. Gauis-Obaseki, who is cur...

October 24, 2017 No Responses

SEC votes N160m for Oando’s Forensic Audit, highlights alleged insider dealing

By citybusinessnews@yahoo.com – The Securities and Exchange Commission (SEC) has set in motion machinery for the forensic audit of Oando Plc. To ensure the independence and transparency of the exercise, the Forensic Audit according ...

October 24, 2017 No Responses

Lafarge, Nigeria Breweries, Zenith Bank suffer more losses as market capitalisation drops further by N60b

By citybusinessnews@yahoo.com – Trasnsactions on the floor of Nigerian Stock Exchange (NSE) continued on Monday on a negative trend as market capitalisation dipped further by N60billion. Specifically, market capitalisation which opened for the...