Information – Page 562 – City Business News

February 11, 2017 No Responses

Ford to invest $1b in artificial intelligence startup

– By Michael Martinez, Auto News – Ford Motor Company is investing $1 billion over the next five years in artificial intelligence startup Argo AI to help build the brains of its robot cars. The Pittsburgh company, founded last year,...

February 11, 2017 No Responses

Customs promotes 1,561 junior officers

The Comptroller General of Customs, Col. Hameed Ibrahim Ali (Rtd) has approved the promotion of 1,561 Junior Officers to various ranks. A statement explained that the promotion “which is based on the performances of the personnel at the 2016 promotion...

February 10, 2017 No Responses

Arik Air to challenge FG takeover in court

The management of Arik Air on Thursday said it would challenge the taking over of the airline by the Assets Management Company of Nigeria (AMCON) in court. Ado Sanusi, Senior Vice President, Arik Air made the disclosure at a joint...

February 10, 2017 No Responses

CMA CGM gets new CEO

(WMN)-Rodolphe Saadé has been appointed as the new Chief Executive Officer of the French shipping company CMA CGM Group, taking over the reins from his father Mr. Jacques Saadé. Jacques Saadé remains Chairman of the Board of Directors, the company informe...

February 10, 2017 No Responses

NIMASA refutes report on Maritime Varsity as Board reiterates support for resource development centre

By Moses Ebosele – The Nigerian Maritime Administration and Safety Agency (NIMASA) has denied report alleging its opposition to the establishment ofMaritime University at Okerenkoko, in Warri South West Local Government Area of Delta State. A stateme...

February 9, 2017 No Responses

PwC: How to lift Nigeria’s GDP from 22nd to 14th in Africa by 2050

A new report from the stable of PwC has predicted that Nigeria could move up the GDP rankings in Africa from 22nd place to 14th by 2050. However, the report titled: “The Long View: How will the global economic order...

February 9, 2017 No Responses

2,500 NSDP graduates to get seatime training in 2017, says NIMASA DG

About 2500 graduates of the NSDP programme will be assisted to get trained on Sea going Vessels for their mandatory sea time in 2017, the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Peterside Dakuku has said...

February 8, 2017 No Responses

Nigeria Railway boss explains increase in Abuja-Kaduna fare

The Managing Director, Nigerian Railway Corporation (NRC), Fidet Okhiria, has explained that the increase in fare of Abuja-Kaduna rail line was to meet up with the part cost of the rail operations. Mr. Okhiria told the News Agency of Nigeria...

February 8, 2017 No Responses

GMS: Uncertainty looms over Pakistani Shipbreaking yards

(WMN) The decision to halt shipbreaking activities at Gadani yards in Pakistan has left many fearing for the fate of new arrivals and clearance permissions on existing deals, according to GMS, a cash buyer of ships for recycling. Namely, the uncertainty...

February 7, 2017 No Responses

‘My conversation with Buhari was focused on economy, Budget’

Acting President Yemi Osinbajo, SAN, has assured the nation that President Muhammadu Buhari is hale and hearty and would return home as soon as he completes the necessary tests recommended by his doctors in the United Kingdom. Prof. Osinbajo gave...

February 7, 2017 No Responses

With four Pilots onboard, world’s longest flight lands in New Zealand

The world’s longest commercial flight landed in New Zealand Monday with the arrival of Qatar Airways’s 14,535 kilometres (9,032 miles) Doha-Auckland service, the airline announced. “We’ve officially landed in Auckland,” the airlin...

February 7, 2017 No Responses

Edo Assembly passes N153.2b budget for 2017

The Edo House of Assembly on Monday passed the state’s 2017 budget proposal of N153.18bn. Governor Godwin Obaseki of Edo had on December 19, 2016 presented a budget proposal of N150bn to the Assembly for consideration and passage. The budget...

February 6, 2017 No Responses

661 Rifles: NPA boss seeks ‘broad, thorough investigation’

The Managing Director of Nigerian Ports Authority (NPA), Ms Hadiza Bala Usman has enjoined whistle blowers to avail themselves of plarforms “already put in place to ensure timely presentation of information and intelligence”. In a statement at the weekend,...

February 6, 2017 No Responses

NCAA sanctions FirstNation

The Nigerian Civil Aviation Authority (NCAA) has handed a N32 million fine to FirstNation Airways for violating the provisions of the Nigerian Civil Aviation Regulations (NCARs). The NCAA also fined one of the airline’s Pilots-In-Command (PIC) N1.5 million f...