Information – Page 532 – City Business News

October 15, 2017 No Responses

Four killed, six injured in Cargo plane crash

A cargo plane has crashed into the sea off Ivory Coast, close to Abidjan airport, killing four people and injuring six. The wreckage of the turboprop plane, which was carrying 10people, was swept toward a beach where rescuers treated surviving...

October 15, 2017 No Responses

Osinbajo lauds Elumelu as foundation wraps up 2017 entrepreneurship forum

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, concluded its 3rd annual TEF Entrepreneurship Forum on Saturday in Lagos State with Vice President Yemi Osinbajo in attendance. The Forum hosted mor...

October 14, 2017 No Responses

Coscharis unveils Ford Assembly plant in Lagos, rolls out 600 units of Ranger

By Moses Ebosele, ebosele@hotmail.com – A leading player in the automotive industry in Nigeria, Coscharis Group, has unveiled Ford Assembly plant in Lagos. Already, the plant located at KM 32, Lekki-Epe Expressway, Awoyaya, Lagos State has rolle...

October 14, 2017 No Responses

NPA replies Intels, insist on level playing field for all operators

By citybusinessnews@yahoo.com – The management of Nigerian Ports Authority (NPA) has dismissed reported plans by Integrated Logistics Services limited (Intels) to withdraw its investment agenda in Nigeria. According to NPA, business thrives in f...

October 14, 2017 No Responses

Edo reviews 2017 budget downwards by 16.49 %

The Edo State Government has approved the downward review of the 2017 budget from the initial ₦153.187bn to ₦127.921billion, representing a 16.49% reduction. In a statement issued after an emergency Executive Council (EXCO) meeting held at Government Hou...

October 14, 2017 No Responses

SIFAX Group gets West Africa Shipping Award

SIFAX Group, a multinational corporation with diverse interests in Maritime, Aviation, Haulage & Logistics, Oil & Gas and Hospitality, has bagged an award at the 7th edition of the Nigeria Brand Awards. SIFAX Group was awarded the “Most Innovative an...

October 14, 2017 No Responses

Management Crisis: Samsung CEO resigns

Citing “unprecedented crisis”, Samsung Electronics chief executive Kwon Oh-hyun has resigned. It is the latest management upheaval at the firm after the heir of the entire Samsung Group was imprisoned for corruption in August. Mr Kwon is one of thr...

October 13, 2017 No Responses

Osinbajo lauds NLNG, flags off construction of N120b Bonny-Bodo road project

The Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo, SAN (GCON), on Thursday in Bonny flagged off the construction of the N120 billion Bonny-Bodo Road to be jointly funded by Nigeria LNG Limited (NLNG) and the Federal...

October 13, 2017 No Responses

NSE appoints Jalo-Waziri CSCS boss

The Nigerian Stock Exchange (NSE) has appointed Mr. Haruna Jalo Waziri as the substantive Chief Executive Officer of the Central Securities Clearing System (CSCS). National Wire reports that Waziri will take over from Mr. Bola Adeeko who has been pilotin...

October 13, 2017 No Responses

Nestle sustains growth profile, hits N1, 240 per share

Nestle Plc on Thursday sustained its rising profile to lead the Nigerian Stock Exchange (NSE) gainers’ table, growing by N6.88 to close at N1,240 per share. Also at the end of tradings, Stanbic IBTC came second with a gain of...

October 13, 2017 No Responses

Isuzu unveils new pick-up

Growing demand for light commercial vehicles has spurred Isuzu to expand its offering in Sub-Saharan Africa to include the KB 4×4 crew cab X-Rider model. Introduced initially as a 700-unit limited edition, the X-Rider according to the auto firm...

October 13, 2017 No Responses

South Korea gets order for 26 new vessels in September

Following the last year’s turmoil in the sector, shipyards from South Korea won the majority of orders worldwide in September 2017 and their order backlog increased for the first time in almost a 2-year period. Specifically, the country’s shipyards bagged....

October 12, 2017 No Responses

Committee submits technical report on gelegele seaport

The Edo State Governor, Godwin Obaseki, has received the technical report on the proposed Gelegele Seaport, which is envisioned to serve as a key artery for the state’s economic diversification efforts. The governor received the report at the Government Hou...

October 12, 2017 No Responses

Intels to sack more workers

Feelers emanating from Integrated Logistics Services (Intels) on Wednesday indicated that the company is to reduce further its workforce “due to ongoing challenges and hostile business environment”. A source at the headquarters of the seaport conce...