Lagos to shut headquarters of banks, others November 20

Lagos to shut headquarters of banks, others November 20

The Lagos State Government on Sunday said it would begin to shut the corporate headquarters of organisations that had defaulted in remitting statutory taxes to the government from November 20, 2017.  The Commissioner for Finance, Mr Akinyemi Ashade, who made...
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Dakuku: Lawyers key to development of maritime sector

Dakuku: Lawyers key to development of maritime sector

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, has charged practitioners of law in the maritime sector on the need for regular updates on the knowledge of the sector, due to the dynamism...
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Hyundai pick-up may debut in U.S.

Hyundai pick-up may debut in U.S.

Three years after Hyundai disclosed the concept of Santa Cruz, details regarding a production version are still quite limited at this point.   New info has emerged this week as South Korea’s Seoul Economic Daily is reporting the utilitarian vehicle...
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PDP Governors in crucial meeting

PDP Governors in crucial meeting

The 11 Governors of Peoples Democratic (PDP) are in a close door meeting in Enugu with the eight national chairmanship aspirants of the party ahead of the Dec. 9 national convention of the party. The governors are Ishaku Darius, Taraba; Dankwambo...
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Mercedes-Benz Pick-Up to debut in 2018, may cost $45,000

Mercedes-Benz Pick-Up to debut in 2018, may cost $45,000

Mercedes-Benz first pick-up is to debut in April 2018. Already, more than 7,000 buyers have registered their interest online for the new Mercedes pick-up.   According to agency report, the rise in demand comes as the Toyota Hilux is on...
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Osinbajo: N200b Benin industrial park will create 170,000 jobs

Osinbajo: N200b Benin industrial park will create 170,000 jobs

The Vice President, Professor Yemi Osinbajo on Saturday, performed the groundbreaking ceremony of the N200 billion Benin Industrial Park at Iyanomo in Ikpoba Okha Local Government Area of Edo State.  Speaking at the event, Prof. Osinbajo said the industrial...
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FG increases take-off grant of Maritime University to N5b

FG increases take-off grant of Maritime University to N5b

The Federal Government has approved the take off grant of Maritime University, Okerenkoko, Delta, from N2 billion earlier announced to  N5 billion.   The Minister of Niger Delta Affairs, Pastor Usani Uguru Usani, made this disclosure in a statement on...
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NSE PHOTO NEWS

NSE PHOTO NEWS

L-R: Oscar N. Onyema, OON, CEO, Nigerian Stock Exchange ( NSE) , Timothy E. McPherson, Minister of Finance, Sovereign State of Accompong and Kamil Olufowobi, CEO Most Influential 100 Limited during a courtesy visit to the NSE CEO in Lagos,...
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GM unveils agenda for autonomous vehicles

GM unveils agenda for autonomous vehicles

General Motors will on November 30, 2017, in San Francisco, share its “vision for an autonomous future”.   General Motors Chief Executive Officer, Mary Barra who disclosed the development while reviewing the automaker’s third-quarter earning...
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Forte Oil lead gainers’ table as NSE market capitalisation consolidates growth by N24b

Forte Oil lead gainers’ table as NSE market capitalisation consolidates growth by N24b

The Nigerian Stock Exchange (NSE) ended the week on a positive note on Friday as market capitalisation  which opened at N12.823 trillion, increased  by N24 billion or 0.19 per cent to close at N12.847 trillion.   Also, the All-Share Index...
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NPA boss at lagos trade fair, harps on capacity building, efficient port system

NPA boss at lagos trade fair, harps on capacity building, efficient port system

By  citybusinessnews@yahoo.com    The Managing Director of  Nigerian Ports Authority (NPA), Hadiza Bala Usman has pledged to invest more resources in capacity building as part of measures to attain an efficient port system.   Bala Usman made the remark a...
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At Alaghodaro summit, Omoigui-Okauru, Akpata, Ihonvbere, others tackle institutional barriers to investments

At Alaghodaro summit, Omoigui-Okauru, Akpata, Ihonvbere, others tackle institutional barriers to investments

As the Alaghodaro Investment Summit got underway on Friday in Benin City, the Edo State capital, investment experts and heads of federal government regulatory agencies proffered solutions to the bureaucratic bottlenecks in government that are hindering the gro...
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FG to approve three modular refineries in Edo

FG to approve three modular refineries in Edo

The Federal Government is processing applications received for the establishment of seven modular refineries in Edo State, Minister of State, Petroleum Resources, Dr. Ibe Kachikwu has said.  Speaking in Benin City on Thursday ahead of Alaghodaro Investment Su...
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Labour to National Assembly: Don’t scrap housing loans board

Labour to National Assembly: Don’t scrap housing loans board

Organised labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has cautioned the National Assembly over alleged plan to scrap the Federal Government Staff Housing Loans Board (FGSHLB).  In a press statement issued in Lagos on...
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