Information – Page 483 – City Business News

November 8, 2017 No Responses

FG to spend N35b on Housing Programme, N9.8b on Mambilla Hydro Project

The Federal Government has set aside N35.4 billion to address the housing needs of its workforce under the National Housing Programme in 2018. President Muhammadu Buhari made this known when he presented the 2018 budget proposal at the joint session...

November 8, 2017 No Responses

Relief as NSE market capitalisation rises by N29b

Investors’ wealth in Nigerian Stock Exchange (NSE) appreciated on Tuesday as the market capitalisation increased by N29 billion or 0.23 per cent to close at N12.810 trillion from N12.781 trillion recorded on Monday. Also, the All-share index increased by....

November 8, 2017 No Responses

FirstBank promotes female youth entrepreneurship with house of Tara International

First Bank of Nigeria Limited has partnered with House of Tara in organising “1000 Voices” to celebrate and promote female youth entrepreneurship. The event, scheduled to hold on Wednesday, November 8, 2017 at the Harbour Point, Victoria Island, Lagos.....

November 8, 2017 No Responses

CMA CGM to power 22,000 TEU ship with LNG

French shipping major CMA CGM Group has unveiled the decision to equip its nine future ships of 22,000 TEUs with engines using liquefied natural gas. “We have made the bold decision to equip our future 22,000 TEUs vessels with a...

November 8, 2017 No Responses

Toyota declares $63.45 b revenue in Q2

Toyota Motor’s operating profit climbed 10 percent in the latest quarter as windfall gains from favorable foreign exchange rates offset weakening business in the key U.S. market, where rising incentives and falling wholesale volume dented regional profit...

November 8, 2017 No Responses

Importer faces trial over alleged re-branding of Dangote Sugar

A 72-year-old businesswoman, Esther Akinsanya, was on Tuesday charged before a Federal High Court in Lagos over alleged packaging of unregistered Brazilian sugar as Dangote granulated sugar. The accused is charged alongside her company, Esther Olufumilayo Nig....

November 7, 2017 No Responses

Elumelu at Presidential Villa, implores investors on Nigeria’s business ranking

Foremost industrialist and entrepreneur, Tony Elumelu, on Monday urged Nigerian and foreign investors to take advantage of the World Bank’s Ease of Doing Business ranking of Nigeria to invest in the country. Speaking with Journalists after a visit to the.....

November 7, 2017 No Responses

Total top losers’ table as market capitalisation records N3b loss

Transactions on the floor of Nigerian Stock Exchange (NSE) resumed on a negative note on Monday as market capitalisation, which opened atN12.784 trillion, dropped by three billion naira or 0.02 per cent to close at N12.781 trillion. Also, the All-Share...

November 7, 2017 No Responses

FG to demolish Costain, Jibowu bridges as construction of Standard Gauge rail track begins in December

The Minister of Transportation, Rotimi Amaechi on Monday said the laying of tracks of Lagos-Ibadan standard gauge rail line would start in December. He also said that Jibowu and Costain bridges in Lagos would be demolished to give way for...

November 7, 2017 No Responses

Weststar, Barbedos flags off Mercedes-Benz special service campaign in Abuja

As part of strategic directions aimed at achieving superior after-sales quality of service and enhancing customer relationship, Weststar Associates Limited (Authorized General Distributors of Mercedes-Benz Passenger and Commercial vehicles in the Federal Repub...

November 7, 2017 No Responses

Labour To National Assembly: Support Bailout To States

Organised Labour under the auspices of Association of Senior Civil Servants of Nigeria (ASCSN) has enjoined the National Assembly to support the effort of the Federal Government to settle all arrears of salaries and pensions owed workers and pensioners in...

November 7, 2017 No Responses

Coscharis Photo News

R – L: Abiona Babarinde, General Manager Marketing and Corporate Communications, Coscharis Group; Felix Mahan, Brand Manager; Coscharis Motors Plc; Edwin Okonkwo, Sales Executive, Abro, Coscharis Motors Plc; at the Abro exhibition stand during the 2017...

November 7, 2017 No Responses

TinCan Island Port generates N237.26b revenue in 10 months

Between January and October, this year, the Nigeria Customs Service, Tincan Island Port Apapa Lagos,generated N237.26 billion revenue, compared with N207.93 billion recorded in the corresponding period in 2016. In a statement on Monday, the Controller of the...

November 6, 2017 No Responses

Online shopping comes under scrutiny

China has created a new law to impose heavy fines on internet shopping websites which publish false advertisements about their products. Vendors who delete negative online reviews or post fake positive reviews face a minimum $30,000 (£23,000) fine. The new...