Tag: News

First Bank consolidates international business, increases stake in FBNBank Congo
September 29, 2017 No Responses

First Bank consolidates international business, increases stake in FBNBank Congo

First Bank of Nigeria Limited has acquired the remaining shares in FBNBank DRC Limited (FBNBank DRC), making it FirstBank’s wholly owned Subsidiary.    FirstBank said this follows its initial investment in FBNBank DRC (formerly Banque Internationale de Credit) in 2011,...
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Ford targets Saudi Arabian women with adverts
September 29, 2017 No Responses

Ford targets Saudi Arabian women with adverts

Some of the world’s biggest car makers including Ford have started advertising their vehicles directly to women in Saudi Arabia. The swift move follows the official announcement on 27 September by King Salman that the country’s ban on women drivers...
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SEC arraigns BGL officials over alleged capital market scam
September 29, 2017 No Responses

SEC arraigns BGL officials over alleged capital market scam

 The Securities and Exchange Commission (SEC)on  Thursday arraigned  BGL Group and its officials at the Chief Magistrate Court Zone 6, Abuja on charges of  criminal conspiracy, Breach of Trust and cheating contrary to Sections 96, 312, 322 and 323 of the...
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PwC tax academy hosts 200 business executives, reviews LIRS reforms
September 29, 2017 No Responses

PwC tax academy hosts 200 business executives, reviews LIRS reforms

Over 200 business executives including a live online audience within and outside Nigeria are scheduled to attend PwC tax academy scheduled to hold on Friday, September 29, 2017 in Lagos State.   City BusinessNews Online (www.citybusinessnews.com) gathered th...
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COSCO shipyard secures orders for 10 new ships
September 29, 2017 No Responses

COSCO shipyard secures orders for 10 new ships

COSCO Shipyard Group, part of COSCO Shipping International (Singapore), has, through its subsidiaries, won contracts for up to ten new ships if all options are exercised. These include a contract for four 82,000 tons bulk carriers secured by COSCO (Zhoushan) ...
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Coronation Merchant Bank graduates first analysts
September 28, 2017 No Responses

Coronation Merchant Bank graduates first analysts

By Citybusinessnews@yahoo.com –    As part of measures to foster continuous capacity development and grow its own unique brand of finance professionals, Coronation Merchant Bank has graduated its first set of analysts from the Coronation MB Academy in ...
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WFE implores global securities regulators on information sharing, confidentiality
September 28, 2017 No Responses

WFE implores global securities regulators on information sharing, confidentiality

The World Federation of Exchanges (WFE) on Wednesday responded to the CPMI-IOSCO Framework for Supervisory Stress Testing (“SST”) of Central Counterparties (“CCPs”). ​  According to WFE, the  purpose of the Framework is to guide glo...
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Edo to partner FG on Benin Airport expansion
September 28, 2017 No Responses

Edo to partner FG on Benin Airport expansion

To expand and upgrade the Benin Airport for efficient service delivery and increase passenger traffic, the Federal Airports Authority of Nigeria (FAAN) and the Nigerian Airspace Management Agency (NAMA) have expressed readiness to partner with the Edo State go...
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Self-flying taxi debuts in Dubai
September 28, 2017 No Responses

Self-flying taxi debuts in Dubai

The Autonomous Air Taxi (AAT) of Dubai, world’s first self-flying taxi introduced by Dubai’s Road and Transport Authority (RTA), launched its maiden concept trip on Monday near the Jumeirah Beach Park, the official Dubai Media Office reported.  Th...
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NPA Photo News
September 28, 2017 No Responses

NPA Photo News

The Managing Director of  the Nigerian Ports Authority (NPA) Hadiza Bala Usman (2nd left), General Manager Finance, Simon Egbo Asinobi, (right),  General manager MD’s office, Capt. Iheanacho  Ebubeogu (2nd right) and the Project Manager of the rehabilitat...
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Ewatto Grammar School Old Student Association (EGOSA) Celebrates 40 Years Anniversary
September 28, 2017 No Responses

Ewatto Grammar School Old Student Association (EGOSA) Celebrates 40 Years Anniversary

Ewatto Grammar School Old Student Association (EGOSA), will on Friday, September 29, 2017 kick of a three-day anniversary celebration to mark the 40 years of the establishment of the secondary school.    The secondary school, which was established in 1977...
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Weststar pledges strong after-sales, diesel variants as more transporters settle for Mercedes-Benz Sprinter
September 27, 2017 No Responses

Weststar pledges strong after-sales, diesel variants as more transporters settle for Mercedes-Benz Sprinter

By Moses Ebosele, ebosele@hotmail.com –     Based on the success of the Mercedes-Benz Sprinter across the world, Weststar Associates Limited, General Distributor of Mercedes-Benz in Nigeria is preparing for the arrival of Mercedes-Benz Diesel Sprinter...
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‘FG released N336b capital funds to MDAs in Q1 2017’
September 27, 2017 No Responses

‘FG released N336b capital funds to MDAs in Q1 2017’

The Federal Government has, to date, released N336 billion from the 2017 Budget to Federal Ministries, Departments and Agencies for the funding of capital projects in the first quarter of 2017. The balance of N14 billion is being processed, pending...
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Maritime Crimes: NIMASA partners Interpol
September 27, 2017 No Responses

Maritime Crimes: NIMASA partners Interpol

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has disclosed that proper legal frame work, synergy and information sharing amongst government Agencies and Stakeholders will help curb the issues of c...
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