City BusinessNews, Author at City Business News

January 8, 2022 No Responses

NGX Sustains Growth By N130b On BUA Foods Rally

The bulls sustained trading on the nation’s bourse on Friday with the market capitalisation extending growth by N130 billion. Specifically, the market capitalisation which opened at N23.497 trillion rose by N130 billion to close at N23.627 trillion. Also, the All-Share...

January 8, 2022 No Responses

AFCON Champions To Earn N2.8b

Champions of the 2021 Africa Cup of Nations (AFCON) will return home with a prize money of $5million (about N2.8 billion). The News Agency of Nigeria (NAN) reports that the winners’ prize money was increased from $4.5 million, representing an...

January 8, 2022 No Responses

Photo News

L – R: Mr. Chukwuma Maduka; Mr. Peter Maduka; Dr. Cosmas Maduka(Widower); Mr. Cosmas Junior Maduka at the Service of Songs for late Mrs. Charity Maduka held at the country home of the Maduka’s in Nnewi, Anambra State

January 7, 2022 No Responses

OPEC Oil Output Undershoots Target

Increase in the Organization of Petroleum Exporting Countries (OPEC) oil output in December has again undershot the rise planned under a deal with allies, a Reuters survey found on Thursday, highlighting capacity constraints that are limiting supply as gl...

January 7, 2022 No Responses

2021: NCS Explains N2.2tri Revenue

Between January and December 2021, the Nigeria Customs Service (NCS) generated N2.23 trillion revenue, representing 43.45 per cent increase over N1.5 trillion collected in 2020. In a statement on Thursday, NCS spokesman, Mr Joseph Attah said:”Nig...

January 7, 2022 No Responses

2021: Hyundai Group Delivers 1.49m Units In US

Between January and December 2021, Hyundai Motor Group, Hyundai, Kia, and Genesis sold a total of 1,489,118 units of vehicles in the United States market Hyundai Motor sold 738,081 units in the US market last year, up 19 per cent...

January 7, 2022 No Responses

Adeboye, Wife Donate Multi-Billion Naira Building To Redeemer’s Varsity

Redeemer’s University, Ede, Osun State, is now positioned to compete with other outstanding universities globally, General Overseer, Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has said. Adeboye said this at the ...

January 7, 2022 No Responses

Photo News

L-R: Mr Sa’ad Ahmed, Head, Intergovernmental Department, Asset Management Corporation of Nigeria (AMCON); Major General Shuaibu Ibrahim, the Director-General of the NYSC; Dr Eberechukwu Uneze, Executive Director AMCON who represented the AMCON...

January 7, 2022 No Responses

Abuja-Kaduna Rail: Ministry Hands Over Six Patrol Vehicles To NRC

Federal Ministry of Transportation, on Thursday, handed over six patrol vehicles with scanners to Nigerian Railway Corporation (NRC) to boost security on Abuja-Kaduna rail line. Permanent Secretary in the ministry, Dr Magdalene Ajani,&nbsp...

January 6, 2022 No Responses

BUA Foods Lists 18b Shares On NGX

BUA Foods has listed 18 billion ordinary shares at N40 per share on the Nigerian Exchange Ltd (NGX). At the end of Wednesday transaction, the listing of BUA Foods’ shares by introduction under the Consumer Goods sector of the NGX added...

January 6, 2022 No Responses

Manufacturers Fault Excise Duty On Soft Drinks

The Manufacturers Association of Nigeria (MAN) says the introduction of excise duty on non-alcoholic beverages will cause a 0.43 per cent contraction in output and about 40 per cent drop on total industry revenues in the next five years. Mr...

January 6, 2022 No Responses

Okaa Omee Youth Club Honours Chigbo, Oligbo, Muoghalu, others January 8

THE Okaa Omee Youth Club of Nigeria is to honour Maureen Chigbo, publisher of Realnews Magazine Online along with Ike Oligbo, a lawyer and politician, and others with its Merit Award on January 8. Among those to also receive the...

January 6, 2022 No Responses

Australia Cancels Visa Of Djokovic, Tennis Top Player

Tennis star Novak Djokovic has had his visa to enter Australia dramatically revoked on his arrival in Melbourne. The world number one was held in the city’s airport for several hours before border forces announced he had not met entry...

January 6, 2022 No Responses

Journalist Drags IGP, Dangote Refinery, Six Others To Court, Demands N100m Compensation

The Editor-in-Chief of Money Management Series (MMS) Plus Newspaper, Mr. Kingsley Anaroke has instituted a civil case against the Inspector General of Police, the Assistant Inspector-General of Police, Zone 2, Onikan Lagos, Lagos State Police Commissioner a...