Information – Page 436 – City Business News

July 31, 2018 No Responses

Naira Weakens Against Dollar At Parallel Market

The Naira on Monday weakened marginally against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N358.3, weaker than N358 traded on Friday, while the Pound Sterling and the Euro closed...

July 31, 2018 No Responses

BA Extends Summer Fare Offer For Nigerian passengers

British Airways has extended the ‘BA Promo for Two” summer fare offer for its Nigerian passengers departing from either Abuja or Lagos to London in United Kingdom. The airline said that it extended promo, which commenced last week due to...

July 30, 2018 No Responses

VW Recalls 33,168 Golf

Volkswagen Group of America Inc. is recalling 33,168 Golfs and Golf Sportwagens in the U.S. to address a rollaway risk. Another 24,123 vehicles are also being recalled in Canada. The automaker says that because of a buildup of silicate, a...

July 30, 2018 No Responses

Pension Fund Assets Hit N8.14trillion

As at end of May, 2018, total pension fund assets stood at N8.14 trillion, the National Pension Commission (PenCom) has revealed. According to PenCom spokesman, Peter Aghahowa, the assets rose from N7.52 trillion in December 2017, adding that: ”The....

July 30, 2018 No Responses

ITTF Unveils Seeding Lists For 2018 Nigeria Open

The International Table Tennis Federation (ITTF) has unveiled the seeding list for the 2018 ITTF Challenge Seamaster Nigeria Open holding on August 8 to 12 at the Molade Okoya-Thomas Hall of Teslim Balogun Stadium in Lagos. Also, 12 undergraduates from Nig...

July 29, 2018 No Responses

Firm Orders 12 Ethane Carriers

US investment banking and principal investment firm Delos Shipping has been linked to an order of up to twelve very large ethane carriers (VLECs). According to data provided by Asiasis, the company ordered the units from two South Korean shipbuilding...

July 29, 2018 No Responses

Amaechi: Itakpe-Ajaokuta-Warri Rail Line 80% Completed

The Minister of Transportation, Mr Rotimi Amaechi, says that Itakpe-Ajaokuta-Warri rail project is about 80 per cent completed and will be ready soon. Amaechi, disclosed this during the inspection tour of the Itakpe-Ajaokuta-Warri rail line in Agbor. He also...

July 29, 2018 No Responses

Gowon Seeks Tolerance, Unity Among Nigerians

Former Head of State, Retired Gen. Yakubu Gowon has advocated for more tolerance and understanding among Nigerians to put an end to the spate of killings in the country. Gowon made the remark on Saturday while speaking as the Special...

July 28, 2018 No Responses

CBN Approves $340m, CNY69m For Agric, Raw Materials

The Central Bank of Nigeria (CBN), on Friday, provided 340 million dollars and 69 million Chinese Yuan (CNY) to customers seeking foriegn exchange in the agricultural and raw material sector. The acting Director, Corporate Communications, Mr Isaac Okorafor,...

July 28, 2018 No Responses

Nigeria To Review Revenue Template

President Muhammadu Buhari has ordered for the review of the revenue reporting template between the NNPC and the Federation Account Allocation Committee (FAAC). The Minister of Finance, Mrs Kemi Adeosun conveyed the President’s directive on Friday whil...

July 28, 2018 No Responses

EU, US To Boost LNG Trade, Hold Further Tariffs

The trade relations between the United States and Europe, which were on roller coaster ride over the past few months amid trade tariff threats and retaliation measures being thrown from each side, seem to be on the path of...

July 28, 2018 No Responses

Photo News

The Chairman of Federation Account Allocation Committee (FAAC) and Minister of Finance, Mrs. Kemi Adeosun (left); Permanent Secretary in the Federal Ministry of Finance, Dr. Mahmoud Isa-Dutse, and Director, Home Finance, Federal Ministry of Finance, Mrs. Olub...

July 27, 2018 No Responses

Dakuku: Creation Of More Agencies Not Solution To Maritime Security Challenges

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that creating additional agencies in the maritime sector would only overburden the sector; adding that what needed to be done was to strengt...

July 27, 2018 No Responses

Experts Harp On Improved Road Safety Culture, Legal Framework For NAIDP

Moses Ebosele, ebosele@hotmail.com – The Corp Marshal of Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi and Director General of National Automotive Design and Development Council (NADDC),Jelani Aliyu, on Thursday in Lagos gave an overvi...