Information – Page 588 – City Business News

April 9, 2017 No Responses

Nigeria remains an important part of APM Terminals, says CEO, Engelstoft

Nigeria remains an important part of APM Terminals’ operation and growth plan, Chief Execuitve Officer, Mr. Morten Engelstoft has said. According to Engelstoft, Nigeria has a significant growth potential with the expanding middle class and overall population that will...

April 9, 2017 No Responses

NPA Photo News

: Govenor of Borno State, Kashim Shettima (left), Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman (middle), NPA’s General Manager incharge of Public Affairs, Effiong Etim Nduonofit at the handing over of relief materials for IDPs t...

April 8, 2017 No Responses

Hyundai, Kia to recall 1.5 million vehicles over premature engine wear

Hyundai Motor Company and Kia Motors Corporation plan recalls to inspect and, if necessary, replace four-cylinder engine assemblies in as many as 1.2 million U.S. vehicles, the South Korean companies said Friday. Manufacturing errors in Hyundai’s 2.0- an...

April 8, 2017 No Responses

Customs generates ₦14.39b at MMA command, gets three commendation letters

By Moses Ebosele – For the first quarter of 2017, Nigeria Customs Service (NCS), Murtala Mohammed Airport (MMA) command generated ₦14.39billion, representing an increase of ₦3.25billion when compared to the first quarter of 2016. The MMA Command ha...

April 8, 2017 No Responses

Osinbajo: Abuja Airport runway will be ready April 19

The Abuja Airport runway will be ready as scheduled on April 19, 2017, the Vice President, Yemi Osinbajo has said. The Vice President spoke with Journalists during an inspection tour of the Airport on Friday. He said:“I have looked round...

April 8, 2017 No Responses

EFCC recovers N500m in Lagos Plaza

The Economic and Financial Crimes Commission (EFCC), Lagos Office, on Friday uncovered N448,850,000 (Four hundred and forty eight million, eight hundred and fifty thousand naira) in a shop at LEGICO Shopping Plaza, Ahmadu Bello Way, Victoria Island, Lagos. ...

April 7, 2017 No Responses

WFE releases third annual sustainability survey

The World Federation of Exchanges (WFE) has released its annual global Environment, Social and Governance (ESG) survey. Now in its third year, the survey aims to capture the nature and extent of WFE engagement with ESG issues, and how this...

April 7, 2017 No Responses

World’s 1st Ship tunnel step closer to construction

Norway’s Stad Ship Tunnel project, also known as the world’s first full-scale ship tunnel, is moving toward construction process. Already, about $173million has been earmarked for the project in the first half of the planning period (2018 – 2029). Th...

April 6, 2017 No Responses

Weststar unveils all-new Mercedes-Benz Accelo

Weststar Associates Limited, Authorized General Distributors of Mercedes-Benz commercial and passenger vehicles in Nigeria has unveiled new medium duty truck for city and short distance operations. According to the company, the all-new Accelo 915C is the first...

April 6, 2017 No Responses

FG clears N54b pension backlog

Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the Federal Government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to...

April 6, 2017 No Responses

‘How criminal gangs use UK ports to defraud EU customs’

By Andrew Hosken (BBC) Systematic failures by UK customs officials have allowed criminal gangs to defraud the European Union of at least £2bn in just four years plus billions more in lost VAT, the EU anti-fraud office OLAF has claimed....

April 5, 2017 No Responses

Buhari: State Govts critical to economic success

President Muhammadu Buhari has challenged State Governments across the country to draw inspiration and strategic direction from Federal Government Plan to articulate their economic programmes, particularly in the development of the real sector. Speaking on Wed...

April 5, 2017 No Responses

Wema Bank reopens Kaduna branch

Wema Bank Plc has reopened its Kaduna branch to provide banking services to individuals and firms with good growth opportunities. According to the Bank, the new branch will offer retail and SME banking, corporate banking, treasury, trade services and financial...

April 5, 2017 No Responses

FG to boost agriculture with $4.5b Chinese loan

Inline with the resolve of the Federal Government to diversify the economy especially through agriculture, President Muhammadu Buhari has authorised the Ministry of Finance, Budget and National Planning and the Central Bank of Nigeria (CBN) to work out technic...