Information Archives — Page 408 of 499

October 31, 2017 No Responses

SEC inaugurates capital market development fund

The Securities and Exchange Commission (SEC) on Monday inaugurated the Nigerian Capital Market Development Fund (NCMDF) in Abuja. Speaking at the event, the Director General of SEC, Mr Mounir Gwarzo, who is also the Chairman of NCMDF board, explained that the board would...

October 31, 2017 No Responses

FG to unveil six locomotives, 100 wagons, partner Israeli firm on maritime security

By citybusinessnews@yahoo.com – The Federal Government is to deploy six locomotives and 100 wagons before the end of December, 2017 as part measure to boost rail transportation nationwide. Speaking at the 2017 World Maritime Day, organise...

October 31, 2017 No Responses

LCCI seeks auto policy review, decries over 400 % increase in cost of vehicles

The automotive policy is biting harder on the economy and must be urgently reviewed, the Lagos Chamber of Commerce and Industry (LCCI) said on Monday in Lagos. According to the Director-General of LCCI, Mr Muda Yusuf, the review was necessary...

October 31, 2017 No Responses

Atiku absent at APC Caucus meeting

Former Vice-President Atiku Abubakar was conspicuously absent at the All Progressives Congress’ caucus meeting which was presided over by President Muhammadu Buhari at the new Banquet Hall, Aso Rock, Abuja. The News Agency of Nigeria (NAN), however, gathered...

October 30, 2017 No Responses

Nigerian Breweries declares N7.9b interim dividend

By citybusinessnews@yahoo.com – For the nine (9) months ended September 30, 2017, the Board of Directors of Nigerian Breweries Plc has announced a revenue of N254.7 billion. In the statement of the result sent to Nigerian Stock Exchange (NSE...

October 30, 2017 No Responses

Emefiele at London Stock Exchange, explains highest ROI in Nigeria

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged investors to come over to Nigeria, declaring that the nation’s Return on Investment (ROI) in all sectors of the economy are among the best in the world. Addressing...

October 30, 2017 No Responses

Intels threatens to sue OGFZA over ‘false, malicious allegations’

The Management of Nigeria’s oil and gas logistics giant and port concessionaire, Intels Nigeria Limited (INL) has threatened legal action against the Managing Director of the Oil and Gas Export Free Zone Authority (OGFZA), Umana Okon Umana, for levelling “...

October 30, 2017 No Responses

Osinbajo: It’s in Nigeria’s interest to promote transparency in extractive sector

Nigeria will continue to embrace transparency in the extractive sector because it is in the country’s overriding national interest to do so, Vice President, Yemi Osinbajo, has said. Prof. Osinbajo stated this during a bilateral meeting with the Chairman of...

October 30, 2017 No Responses

Sterling Bank donates customised uniforms to waste management workers in Ondo

Sterling Bank Plc, Your One-Customer Bank, has donated 600 customized reflective uniforms to the Ondo State Waste Management Authority (OSWMA) for distribution among highway sweepers and workers working with the agency. In addition to the reflective uniforms, ...

October 30, 2017 No Responses

Oando: Shareholders seek accelerated forensic audit

The proposed forensic audit of Oando Plc should commence without any further delay, shareholders of the company declared on Sunday in Lagos. According to the shareholders, the investigation should be detailed and “without any fear or favour”. Under t...

October 30, 2017 No Responses

Volkswagen records $5.01 billion earnings in Q3

Volkswagen AG said earnings rose 15 percent in the third quarter, benefiting from cost cuts at its core VW passenger cars division. Quarterly group earnings before interest and taxes (EBIT) and before special items jumped to 4.31 billion euros ($5.01...

October 29, 2017 No Responses

Cosco shipping ports generates $155.5m revenue in Q3

China-based Cosco Shipping Ports Limited delivered improved earnings, accompanied by greater volumes in the third quarter of 2017, driven by the growth of international trade. Amid improvement in international trade, and the support from shipping alliances ...

October 29, 2017 No Responses

Between Gwarzo, SEC and constructive criticisms

By James Ume Constructive criticisms are sometimes necessary for the smooth running of organisations. They help to keep the executives on their toes and call their attention to mistakes as they occur. Criticisms can also become pernicious and debilitating when...

October 29, 2017 No Responses

Celebrated Georgia farmer, John McCormick to receive Nigerian Agribusiness delegates

The US-Nigeria Trade Council USA is pleased to announce that Mr. John McCormick, the eminent “2016 Georgia Farmer of the Year “will be attending and making a presentation at the forthcoming US-Nigeria Agribusiness Investment Summit & Expo, November 16...