UK – Page 5 – City Business News

August 30, 2018 No Responses

Buhari To UK Prime Minister: 2019 Election Will Be Free, Fair, Credible

President Muhammadu Buhari Wednesday in Abuja assured the UK Prime Minister Theresa May of his commitment to conducting free, fair and credible elections in 2019. In a bilateral meeting with the visiting Prime Minister, President Buhari welcomed UK’s support at...

August 3, 2018 No Responses

UK Deports 36 Nigerians

Barely a week after about 40 Nigerians were deported from Europe for immigration offences, another batch of Nigerians were on Wednesdayextradited from United Kingdom for similar offences. This time around, 36 Nigerians comprising 33 males and three females wer...

July 12, 2018 No Responses

NLNG Seeks $7B For Expansion, Targets 30 Million Tonnes Per Annum

In the build-up towards Final Investment Decision (FID) later in 2018, Nigeria LNG Limited (NLNG)is seeking $7 billion from the global financial markets for the sustainability of its operations and expansion project which will increase its production capacity ...

June 12, 2018 No Responses

Land Rover Discovery Moves Out Of UK

Jaguar Land Rover (JLR) has said it will move production of its Land Rover Discovery SUV from the West Midlands to Slovakia from next year. The Solihull factory, where the Discovery is manufactured, will be used to build a new...

April 26, 2018 No Responses

Diamond Bank Pulls Out Of UK

The Managing Director/ Chief Executive Officer of Diamond Bank Plc, Uzoma Dozie, has assured customers that the sale of the international subsidiaries is not expected to cause service disruptions for the bank’s customers across the world. The Bank exp...

March 29, 2018 No Responses

UK Car Production Drops In February

The number of cars made in Britain fell in February as domestic demand slumped by “double digit figures”, industry figures suggest. The Society of Motor Manufacturers and Traders (SMMT) said that 145,475 vehicles were built during the month –...

March 28, 2018 No Responses

UBA London Subsidiary Gets Regulatory Approval

Foremost financial institution, United Bank for Africa (UBA Plc) on Tuesday announced that its London subsidiary has obtained regulatory permission to carry out wholesale banking services in the United Kingdom. The approval licence was granted to the lender ...

March 18, 2018 No Responses

23 UK Diplomats Expelled From Moscow

Russia is to expel 23 British diplomats in a row over the nerve agent attack on an-ex spy and his daughter in the UK. The Russian foreign ministry said the UK staff would be expelled from Moscow within a week...

February 12, 2018 No Responses

Nigerians who own property in UK panic over new law

Nigerians, who own properties in the United Kingdom, have inundated the Federal Ministry of Finance’s Voluntary Assets and Income Declaration Scheme (VAIDS) hotlines with calls, causing the lines to crash on Friday. A source at the VAIDs office, told the.....

December 12, 2017 No Responses

NIMASA secures seatime training for 289 cadets in Egypt, UK

By citybusinessnews@yahoo.com – The Nigerian Maritime Adminstration and Safety Agency (NIMASA) has concluded arrangement for 289 cadets to proceed to Egypt and the United Kingdom between this month and January 2018 for seatime training in O...

December 11, 2017 No Responses

Qatar stakes £6b on 24 eurofighter jets

A £6bn deal to sell Eurofighter Typhoons to Qatar will help safeguard thousands of UK jobs. BAE Systems employs about 5,000 people in the UK to build the fighter jets, mainly at Warton in Lancashire. Qatar’s purchase of 24...

September 19, 2017 No Responses

Employee fraud in UK hits £40m in one year

Businesses in the United Kingdom reported more than £40m in losses from employee fraud in 2016, figures published by Chartered Institute of Personnel Development (CIPD) revealed on Monday. The data, which was obtained by accountancy firm RSM under a freedom.....

June 25, 2017 No Responses

EU to move two agencies from London

(BBC) EU leaders have officially launched the competition between member states to decide which will host two London-based EU agencies, responsible for medicines and banking. The relocation must take place by the Brexit deadline – 30 March 2019. Some c...

June 23, 2017 No Responses

UK offers EU Citizens post Brexit status

European Union citizens legally resident in the UK should have the same rights as British citizens after Brexit, the UK prime minister has told EU leaders. “No-one will face a cliff edge,” Theresa May said at a Brussels summit. A...