Author: City BusinessNews

Toyota Budgets $35b For Battery Production, Targets 30 EV Models
December 15, 2021 No Responses

Toyota Budgets $35b For Battery Production, Targets 30 EV Models

The management of Japanese Toyota Motor Corporation (TMC)has concluded plans to introduce a full lineup of 30 battery electric vehicles by 2030 and will invest four trillion yen ($35 billion) to boost battery production, the company CEO Akio Toyoda said on Tuesday.    With...
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NLNG Awards Eleven Overseas Postgraduate Scholarships
December 15, 2021 No Responses

NLNG Awards Eleven Overseas Postgraduate Scholarships

Nigeria LNG Limited (NLNG) on Tuesday in Port Harcourt, River State awarded postgraduate scholarships to eleven (11) Nigerians to pursue Masters’ degrees in leading universities in the United Kingdom (UK).  NLNG offers post-primary, undergraduate, and p...
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US Surpasses 800,000 Covid-19 Deaths
December 15, 2021 No Responses

US Surpasses 800,000 Covid-19 Deaths

More than 800,000 Americans have now died from the coronavirus, the highest recorded national death toll from the global pandemic. It comes as the US reached 50 million confirmed cases of Covid-19 on Monday.  Most deaths have been recorded among...
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Photo News
December 15, 2021 No Responses

Photo News

L-R: Director, Lagos Zonal Office, Securities and Exchange Commission Mr.Stephen Falomo, Vice-Chancellor, Crawford University Prof.Reuben Jiya Kolo and Chief Executive Officer, Marble Capital Mr Akeem Oyewale during the IOSCO World Investor Week held at Craw...
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5G: MTN, MAFAB Win Provisional Licenses At $273.6m
December 14, 2021 No Responses

5G: MTN, MAFAB Win Provisional Licenses At $273.6m

The Mobile Telephone Network (MTN) and MAFAB Communications Ltd have emerged winners of the  Nigerian Communications Commission’s (NCC’s) 3.5 gigahertz (Ghz) Fifth Generation (5G) Technology spectrum auction.  The Fifth Generation (5G) Technology...
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Nigeria’s Green Bond Market Exceeds N55b
December 14, 2021 No Responses

Nigeria’s Green Bond Market Exceeds N55b

The value of Nigeria’s green bonds market has grown to N55.52 billion in four years, from 2017 to 2021, Nigerian Exchange (NGX) disclosed on Monday.  The Chief Executive Officer, NGX, Mr Temi Popoola, said this during the Sustainable Finance Training...
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INEC Records 4,681,206 Fresh Registration
December 14, 2021 No Responses

INEC Records 4,681,206 Fresh Registration

The ongoing Continuous Voter Registration (CVR) of Independent National Electoral Commission (INEC) has hit 4,681,206 as at 7am, Monday, December. 13, 2021.   The commission disclosed this in its Weekly update for Quarter two, Week 10, on the CVR, re...
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CBN Earmarks N41b Through Heritage Bank For Dry Season Wheat Projects’ Farming
December 14, 2021 No Responses

CBN Earmarks N41b Through Heritage Bank For Dry Season Wheat Projects’ Farming

As part of measures to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria (CBN) has set aside N41billion.   The fund is being disbursed by Heritage Bank Plc to farmers across multiple States for the...
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Air Peace Resumes Makurdi Dec 17, Deploys B777 For Enugu, E195 For Calabar
December 14, 2021 No Responses

Air Peace Resumes Makurdi Dec 17, Deploys B777 For Enugu, E195 For Calabar

Air Peace is set to resume Makurdi flight operations from Lagos and Abuja on December 17, 2021.  This is as the airline has also deployed the brand-new Embraer 195-E2 aircraft for the Calabar route and the luxury wide-body Boeing 777...
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New IMO Council To Elect Chair, Vice-Chair Wednesday
December 14, 2021 No Responses

New IMO Council To Elect Chair, Vice-Chair Wednesday

The newly elected council of the International Maritime Organization (IMO) will meet for its 126th session on 15 December and will elect its Chair and Vice-Chair for the next two years.  The assembly normally meets once every two years in r...
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Shareholders Seek Reduction In Banks’ Mandatory Cash Reserve Ratio
December 13, 2021 No Responses

Shareholders Seek Reduction In Banks’ Mandatory Cash Reserve Ratio

Members of Independence shareholders Association of Nigeria (ISAN) have criticised hike in banks’ mandatory Cash Reserve Ratio (CRR).   In a statement on Sunday, ISAN’s founder, Sir Sunny Nwosu, urged the Central Bank of Nigeria (CBN) to reduce t...
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NNPC Records ₦141.96b Trading Surplus
December 13, 2021 No Responses

NNPC Records ₦141.96b Trading Surplus

The Nigerian National Petroleum Company (NNPC) Limited has announced a trading surplus of ₦141.96 billion recorded in June 2021, compared to a deficit of ₦37.46 billion in May 2021.  A statement issued on Sunday by Garba Muhammad, Group General Manage...
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Chevron Shipping commits To Emissions Reporting
December 13, 2021 No Responses

Chevron Shipping commits To Emissions Reporting

Chevron Shipping Company, a California-based marine transportation unit of oil giant Chevron, has joined the Sea Cargo Charter, a global framework that establishes a common baseline for global traders to report on CO2 emission reductions of their shipping...
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First Bank Unveils Transact And Win Promo, Rewards Firstmonie Wallet Customers
December 13, 2021 No Responses

First Bank Unveils Transact And Win Promo, Rewards Firstmonie Wallet Customers

Users of Firstmonie Wallet, the mobile-friendly wallet application by FirstBank are in for an exciting time as they are being rewarded for their continued patronage of its services in a two-month campaign, tagged Transact and Win promo which started on...
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