News – Page 767 – City Business News

November 22, 2016 No Responses

Fitch affirms Wema Bank’s long-term national rating at BBB-

Fitch Ratings, a global leader in credit ratings and research has affirmed the Long-term National Rating of Wema Bank at BBB-. In a statement, the Bank said: “This is reflective of the Bank’s stable outlook and continued viability, in...

November 21, 2016 No Responses

NNPC, Shell, Access Bank, First Bank, others sign $2.2b contract deal

As part of measures to facilitate access to finance for Nigerian suppliers in the oil and gas sector, Shell with the backing of the Nigerian National Petroleum Corporation (NNPC) has signed $2.2b Memoranda of Understanding with eight Nigerian banks under...

November 21, 2016 No Responses

Ministry implore stakeholders on 2016/2017 dry season farming scheme

To enhance transparency and accountability in the implementation of the Growth Enhancement Scheme (GES), the Federal Government has concluded plans to implement the 2016/2017 dry season intervention scheme. Speaking at the opening ceremony of the GES Stakeho...

November 21, 2016 No Responses

SEC signs capital market studies MoU with NERDC

The Securities and Exchange Commission (SEC) is set to achieve another milestone by infusing Capital Market Studies (CMS) into schools curriculum with the signing of a Memorandum of Understanding (MoU) with the Nigerian Educational Research and Development Cou...

November 21, 2016 No Responses

FG proposes N750B recapitalization agenda for agric bank

The Federal Government through the Central Bank of Nigeria (CBN) has concluded plans to make available N750 Billion for the recapitalisation of the Bank of Agriculture in 2017. Under the arrangement, the Bank is being repositioned to attract not...

November 21, 2016 No Responses

CMA CGM records $202m net loss in third quarter

French shipping major, CMA CGM reported a net loss of USD 202 million in the third quarter of 2016, while its revenue for the quarter fell by 16.3 percent to USD 3.33 billion, excluding NOL contribution. The company explained that, including...

November 20, 2016 No Responses

Pope names 17 new Cardinals

Pope Francis has named 17 new cardinals of the Roman Catholic Church from around the world, many of whom will help choose his successor. The new cardinals come from five continents, and include the Vatican’s envoy to Syria. The range...

November 20, 2016 No Responses

Ibrahim Jibril elected CILT President

Mr. Ibrahim Jibril, Director of Administration and Human Resources department in the Nigerian Maritime Administration and Safety Agency (NIMASA) has been elected the President of the Chartered Institute of Logistics and Transport (CILT) Nigeria. At the electio...

November 20, 2016 No Responses

Buhari in Ondo, seeks support for Akeredolu

President Muhammadu Buhari on Saturday canvassed support for Oluwarotimi Akeredolu (SAN) as the next Governor of Ondo State under the platform of All Progressive Congress (APC). He also used the opportunity to describe the process that brought Akeredolu...