City BusinessNews, Author at City Business News

January 20, 2022 No Responses

British Airways Cancels U.S. Flights Due To 5G Safety Fears

British Airways is among the airlines cancelling U.S. flights due to 5G safety concerns. The action is in response to fears that the activation of the C-band strand of the mobile phone service near U.S. airports on Wednesday could disrupt...

January 20, 2022 No Responses

Super Eagles Advance To Knockout Stage With Best Group Phase Record

Nigeria’s Super Eagles on Wednesday in Garoua advanced in style to the knockout phase of the 2021 Africa Cup of Nations (AFCON) in Cameroon. They beat Guinea-Bissau 2-0 at the Stade Roumde Adjia to become the only side at this...

January 19, 2022 No Responses

Oil Prices Hit Seven-Year High

The price of oil hit its highest level in more than seven years on Tuesday as traders worried that an attack on a fuel storage facility in the Middle East could affect supply. A suspected drone attack by Yemeni Houthi...

January 19, 2022 No Responses

INEC To Parties: Respect Chosen Dates For Ekiti, Osun Primaries

The Independent National Electoral Commission (INEC) has advised political parties to respect chosen dates for Ekiti, Osun Governorship Election Primaries, based on the commission’s timetable and schedule of activities. INEC Chairman, Prof. Mahmo...

January 19, 2022 No Responses

Shippers’ Council Boss Tasks Funtua Port Concessionaires On standards

Executive Secretary, Nigerian Shippers’ Council (NSC), Mr Emmanual Jime, has urged the concessionaires of the Funtua Inland Dry Port to ensure they complied with the specifications for the construction of a dry port. Jime gave the advice whe...

January 19, 2022 No Responses

Dala Dry Port Gulps N5b, Ready In March

The Chairman, Dala Inland Dry Port (IDP) in Kano state, Abubakar Bawuro, says the management has so far spent over N5billion on its construction. Bawuro made the disclosure during a visit on the Executive Secretary, Nigerian Shippers’ Council (NSC), Mr...

January 19, 2022 No Responses

Buhari Lauds CBN, Unveils Rice Pyramids

President Muhammadu Buhari, on Tuesday commended the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for boosting food production and supporting the Federal Government ‘s food security initiatives through the Anchor Borrowers’ Prog...

January 19, 2022 No Responses

Toyota Targets One Million Cars In March

Foremost auto firm, Toyota Motor Corporation will build 700,000 vehicles globally in February, up 10% on the year, but will still need to make a million more in March in order to reach an annual production target of 9 million, the...

January 19, 2022 No Responses

Price Fixing: 23 Shipping Firms To Pay $81m Fine

The antitrust regulator in South Korea has sanctioned 23 domestic and foreign container shipping companies for fixing maritime freight rates. On 18 January 2022, the Fair-Trade Commission (KFTC) said it has imposed a fine of KRW 96.2 billion (about $80.7...

January 19, 2022 No Responses

HadizaBala-Usman Refutes Unremitted Fund Reports

Managing Director, Nigerian Ports Authority(NPA), HadizaBala-Usman, has described as untrue reports in a section of the media stating that she was indicted in an audit report on the NPA purportedly released by the Auditor-General of the Federation (O...

January 19, 2022 No Responses

Unity Bank Partners RIFAN Mega Rice Pyramid, Pledges More Support for Farmers

Agric-focused lender, Unity Bank Plc has partnered Nigerian rice farmers under the aegis of Rice Farmers Association of Nigeria, RIFAN to unveil a mega rice pyramid on the occasion of the National Rice Festival held in the Federal Capital Territory,...

January 18, 2022 No Responses

Edo Explores Water Transport Potentials

Edo State Government has pledged to harness economic potentials in its water transportation ecosystem as part of measures to boost economic growth and development. Chairman of the Edo State Oil and Gas Producing Areas Development Commission (EDSOGPADEC),...

January 18, 2022 No Responses

Unilever To Revisit $65b Merger Deal With GSK

Unilever has signaled it will continue pursuing a blockbuster deal to buy GlaxoSmithKline’s (GSK) healthcare arm. Unilever has already had a £50b ($65b) offer rejected, but said on Monday a deal would be a “strong strategic fit”. ...

January 18, 2022 No Responses

Army Takes Delivery Of 15 New Toyota Hilux

The Nigerian Army has taken delivery of not less than 15 new Toyota Hilux to reward former and present personnel as part of measures to boost morals. Under the arrangement and in line with the series of activities marking the Armed...