Nigeria – Page 719 – City Business News

October 21, 2016 No Responses

AfDB approves $40m loan for Afe Babalola University

The Board of Directors of the African Development Bank (AfDB) Group has approved an eight-year $40-million corporate loan to the Afe Babalola University (ABUAD) in Ado Ekiti (Nigeria), to finance part of the university’s expansion plan. According to the...

October 21, 2016 No Responses

UBA, MEC, unveil revolutionary Omni-Channel Payment System, EmailMoni

MEC Incorporated has entered into agreements with United Bank for Africa (UBA) Plc to provide a revolutionary email-based billing, payment and banking software system called “EmailMoni.” EmailMoni, according to UBA represents the world’s...

October 21, 2016 No Responses

New National Counter Terrorism Strategy underway in Nigeria

(NAN) The Federal Government on Thursday said it had put in place the needed structures for the full implementation of the National Counter Terrorism Strategy (NACTEST). The National Security Adviser, Babagana Monguno, said this in Lagos at the opening of...

October 21, 2016 No Responses

Dangote canvasses tax relief for SMEs

Foremost Businessman and President/ Chief Executive of Dangote Group, Aliko Dangote, on Thursday urged government at all levels to reduce the multiple taxes placed on small and medium businesses (SMEs). Dangote said in a statement in Lagos explained that...

October 20, 2016 No Responses

FERMA comes under scrutiny

The Federal House of Representatives has resolved to probe how the Federal Roads Maintenance Agency (FERMA) utilised its budgetary allocation from September, 2015 till date. The resolution was based on the adoption of a motion by Representative Kamale Adam...

October 20, 2016 No Responses

CMA CGM suspends Terminal Handling Charges in Ghana

CMA CGM has placed temporary suspension on the collection of Terminal Handling Charges in Ghana. In a notice to customers, the Shipping Firm said: “ CMA CGM wishes to inform its customers that the collection of Terminal Handling Charges (THC),...

October 20, 2016 No Responses

Customs arraigns two smugglers

The Nigeria Customs Service, Federal Operations Unit, (Zone A) on Tuesday arraigned two alleged smugglers before Magistrate Y.A. Aje-Afunwa of the Magistrate Court, Ikeja, Lagos State on nine (9) counts charge of smuggling prohibited items. According to ...

October 20, 2016 No Responses

IMF declares Nigeria Africa’s biggest economy

Despite ongoing economic challenges, the International Monetary Fund (IMF) has affirmed Nigeria as the biggest economy in Africa ahead of South Africa and Egypt. However, the IMF’s World Economic Outlook for October 2016, puts South Africa’s GDP at 28...

October 20, 2016 No Responses

FG approves transaction adviser on rail concessioning

The Federal Executive Council (FEC) on Wednesday approved the appointment of transaction advisers to negotiate with General Electric (GE) on railline concessioning. Speaking at the end of the meeting presided over by President Muhammadu Buhari, Minister ...

October 20, 2016 No Responses

FG approves N30 billion for mining

The Federal Executive Council (FEC) on Wednesday approved N30 billion intervention fund for mining exploration in the country. Addressing Journalists after the meeting presided over by President Muhamadu Buhari, the Minister of Mining and Steel Development,...

October 20, 2016 No Responses

MAN Photo News

L – R The Nigerian Stock Exchange (NSE) Executive Director, Market Operations and Technology, Mr. Ade BajomoVice President, Multinational, , Mr. Christos Giannopoulos, Director General, Manufacturer Association of Nigeria (MAN); Mr. Segun Ajayi-Kadir, Chief ...