Tag: Nigeria

SIFAX partners AES, Hyundai on vehicle importation service
August 20, 2016 No Responses

SIFAX partners AES, Hyundai on vehicle importation service

SIFAX Group has launched its vehicle importation service in conjunction with foremost international shipping agent, Auto Export Shipping (AES) and Hyundai Glovis, the logistics arm of Hyundai KIA Automotive Group. At the formal reception of the first vessel, MV Glovis...
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Ford targets autonomous vehicle for 2021
August 20, 2016 No Responses

Ford targets autonomous vehicle for 2021

Ford has announced its intention to have a high-volume, fully autonomous SAE level 4-capable vehicle in commercial operation in 2021 in a ride-hailing or ride-sharing service. To get there, the company is investing in or collaborating with four startups to...
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FCMB blames NPA for non-remittance of funds
August 19, 2016 No Responses

FCMB blames NPA for non-remittance of funds

By Moses Ebosele –     The management of First City Monument Bank (FCMB) has admitted receiving Euro payments for Nigerian Ports Authority (NPA).   Briefing the Nigerian Stock Exchange (NSE) in a statement obtained by City BusinessNews (www.citybusin...
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Buhari tasks African Central Banks on repatriation of stolen funds
August 19, 2016 No Responses

Buhari tasks African Central Banks on repatriation of stolen funds

President Muhammadu Buhari has urged African Central Banks to play crucia role in the repatriation of stolen funds.   Speaking at a meeting of the association of central bank governors in Abuja, Buhari called for the removal of all bureaucracies...
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Appeal Court nullifies Judgment sacking Ikpeazu as Governor
August 19, 2016 No Responses

Appeal Court nullifies Judgment sacking Ikpeazu as Governor

The Court of Appeal sitting in Abuja on Thursday upturned the judgments of Justice Okon Abang-led Federal High Court in Abuja which removed Governor Okezie Ikpeazu of Abia State from office. Ikpeazu’s appeal was in regard to the ruling delivered...
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Kano registers 1,042 for mass wedding
August 19, 2016 No Responses

Kano registers 1,042 for mass wedding

 (NAN)The Kano State Hisbah Board said on Thursday that it had registered 1, 042 prospective couples in 18 local government areas of the state for the state government’s mass wedding programme. The Director-General of the board, Abba Sufi, told the...
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First Bank denies alleged concealment of NPA’s N11.2Billion
August 18, 2016 No Responses

First Bank denies alleged concealment of NPA’s N11.2Billion

By Moses Ebosele –   First Bank Nigeria has denied any involvement in the alleged concealment of N11.2 Billion belonging to the Nigerian Ports Authority (NPA).   In a statement sent to the Nigerian Stock Exchange (NSE) and obtained by City BusinessNe...
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GTBank proposes 25k interim dividend
August 18, 2016 No Responses

GTBank proposes 25k interim dividend

For the half year ended June 30, 2016, Guaranty Trust Bank Plc has proposed 25 kobo interim dividend.  In its report to the Nigerian Stock Exchange (NSE), the Bank also declared gross earnings of ₦209.9 billion, an increase of 37...
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FG raises committee on 13 % derivation for Lagos
August 18, 2016 No Responses

FG raises committee on 13 % derivation for Lagos

By Ibhade John –     A committee charged with the responsibility of disbursing 13 per cent Derivation Fund to Lagos State has been raised by the Federal Government.   Chairman of the Indices and Disbursement Committee of the Revenue Mobilisation All...
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‘Skye Bank is neither distressed nor liquidated’
August 18, 2016 No Responses

‘Skye Bank is neither distressed nor liquidated’

By Moses Ebosele –      The Central Bank of Nigeria (CBN) has refuted alleged liquidation of Skye Bank Plc.    In a statement issued on Thursday, CBN Acting Director (Corporate Communications), Isaac Okorafor, said the Bank is “neither distressed...
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Again, Court sack Sheriff’ as PDP National Chairman
August 18, 2016 No Responses

Again, Court sack Sheriff’ as PDP National Chairman

A Federal High Court sitting in Abuja on Wednesday re-affirmed the sack of Senator Ali Modu Sheriff as the Chairman of the Peoples Democratic Party (PDP). Presided over by Justice Nwamaka Ogbonnaya, the court reaffirmed the sack on the ground...
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Germany defeats Nigeria
August 18, 2016 No Responses

Germany defeats Nigeria

Germany on Thursday disrupted Nigeria’s dream of picking the Rio Olympic football gold with 2-0 defeat.   The Germans had shot into the lead through a ninth minute strike from Lukas  Klostermann which they held on to until the 89th...
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NNPC faults alleged NPA’s N5Billion debt
August 17, 2016 No Responses

NNPC faults alleged NPA’s N5Billion debt

By Moses Ebosele –    The Nigerian National Petroleum Corporation (NNPC) has blamed its agent, Daddo Maritime for the alleged N5 Billion debt the Corporation is owing  the  Nigerian Ports Authority (NPA).   In a chat with City BusinessNews (www.city...
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CBN increases BDCs weekly sales to $50,000
August 17, 2016 No Responses

CBN increases BDCs weekly sales to $50,000

 The Central Bank of Nigeria (CBN) has increased the amount of foreign exchange that Bureaux De Change (BDCs) can access from $30,000 to $50, 000 per week.  Speaking in Abuja on Tuesday, Directors of CBN and some Managing Directors of...
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