Information – Page 542 – City Business News

September 5, 2016 No Responses

‘INNOSON operation is on, plant not shut’

Innoson Vehicle Manufacturing Company Limited (IVM), is still producing vehicles with full complement of its workers, and has not shut the plant in Nnewi as reported recently in some sections of the media. This was contained in a statement issued...

September 5, 2016 No Responses

Obasanjo denies report on Buhari’s second term

Former President, Olusegun Obasanjo has denied media report that he asked President Muhammadu Buhari not to seek re-election in 2019. A former Chief Press Secretary to Mr. Obasanjo, Alex Nwokedi, was quoted to have made the comment on behalf of...

September 1, 2016 No Responses

Airtel, Nestle CEOs list modalities for improved GDP

The critical role of private sector in the development of Nigeria’s economy took the centre stage on Wednesday at the second edition of Nigerian Stock Exchange (NSE) Chief Executive Officers (CEOs) roundtable discussions in Lagos. Some Chief Executive Off...

September 1, 2016 No Responses

Beware of online fraudsters, SEC cautions investors

The Securities and Exchange Commission (SEC) has cautioned investors against patronizing illegal operators currently running an online investment scheme tagged ‘MMM Federal Republic of Nigeria’. According to SEC, the fraudsters carry out their ...

August 31, 2016 No Responses

FG seeks cultural tiers with Sudan

The Minister of Information and Culture, Alhaji Lai Mohammed, has called for the strengthening of bilateral ties between Nigeria and Sudan in the areas of cultural/creative industry and digital economy in order to boost the efforts of the two countries...

August 31, 2016 No Responses

I’m in Nigeria to learn, listen, says Zuckerburg

The founder and Chief Executive Officer of Facebook, Mark Zuckerburg said he is in Nigeria to listen, learn and take ideas back to California on how Facebook can better support tech development and entrepreneurship across Africa. Zuckerburg who arrived....

August 31, 2016 No Responses

Nigeria, Britain seal MoU on stolen funds

A Memorandum of Understanding (MoU) on modalities for the repatriation of Nigeria’s stolen assets has been signed by Nigeria and British Government The Attorney-General of the Federation, Abubakar Malami, who signed onbehalf of Nigeria explained that the ...

August 31, 2016 No Responses

Developer acquires Tribune Tower

By Robert Channick – Los Angeles-based developer CIM Group has agreed to buy Tribune Tower for up to $240 million, marking the end of media ownership for the historic North Michigan Avenue building and the beginning of a new...

August 30, 2016 No Responses

NSE tasks dealing clerks on professionalism, integrity

The Nigerian Stock Exchange (NSE) has challenged recently qualified dealing clerks to maintain internal values of Professionalism, Integrity, Transparency and Reliability. Speaking at the induction ceremony on Monday, the Chief Executive Officer of NSE, Mr ...

August 30, 2016 No Responses

Ambode appoints Dabiri MD of LAMATA

The Head of Procurement, Lagos Metropolitan Area Transport Authority (LAMATA), Engr. Abiodun Dabiri, has been named the substantive Managing Director of the Authority by the Lagos State Governor, Mr. Akinwunmi Ambode. His appointment comes about one year aft...

August 30, 2016 No Responses

Peterside condemns assassination of Ken Atsuwete

Dr. Dakuku Peterside has condemned the “barbaric and gruesome assassination” of Barrister Ken Atsuwete in Port Harcourt, the Rivers State capital. The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) who was reacting to t...

August 27, 2016 No Responses

Buhari approves governing boards for NPA, NIMASA

President Muhammadu Buhari has approved the composition of the Governing Boards of the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA). A statement issued by the Director (Press) in the office of the Secretary...

August 26, 2016 No Responses

Skye Bank, Fidelity, FBN, others sustain sliding profile

For the second day, investors on the floor of the Nigerian Stock Exchange (NSE) have continued to dump the shares of Banks suspended from participating in Foreign Exchange (Forex) transactions by the Central Bank of Nigeria (CBN). The restriction...

August 26, 2016 No Responses

‘Heritage Bank did not conceal NPA’s N11.2Billion’

An investor of Heritage Bank has absolved the Bank of any involvement in the alleged concealment of N11.2 Billion belonging to the Nigerian Ports Authority (NPA). The source who preferred to remain anonymous on Thursday described the allegation as false,...