Author: City BusinessNews

Army Promotes 117 Officers To Major, Brigadier Generals
December 23, 2021 No Responses

Army Promotes 117 Officers To Major, Brigadier Generals

The Army Council has approved promotion of 117 senior officers to Major and Brigadier Generals.  The promotion, comprising of 41 brigadier generals to the ranks of major generals and 76 colonels to the ranks of brigadier generals respectively, was approved at...
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Truck Crushes FRSC Official
December 23, 2021 No Responses

Truck Crushes FRSC Official

An official of the Federal Road Safety Corps (FRSC) has been crushed to death by a truck at Sagamu-Ijebu Ode Road in Ogun State.  The Sector Commander, Mr Ahmed Umar, confirmed the incident to the News Agency of Nigeria (NAN) on Wednesday.&...
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Hyundai Raises Global EV Sales Target To 1.7m
December 23, 2021 No Responses

Hyundai Raises Global EV Sales Target To 1.7m

Hyundai Motor Group has raised its global Electric Vehicle (EV) sales target for 2026 to 1.7 million units from 1 million units.   Hyundai Motor CEO Chang Jae-hoon made the remark in an interview with Automotive News published on Tuesday, s...
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5G: Boeing, Airbus Warn US Over Safety Concerns
December 22, 2021 No Responses

5G: Boeing, Airbus Warn US Over Safety Concerns

Bosses from the world’s two biggest plane makers have called on the US government to delay the rollout of new 5G phone services.  In a letter, top executives at Boeing and Airbus warned that the technology could have “an enormous...
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Presco Attains Improved Performance, Rewards Workers
December 22, 2021 No Responses

Presco Attains Improved Performance, Rewards Workers

The Managing Director, Presco Plc, Felix Nwabuko has commended workers for their dedications and contributions to the growth of the company despite various challenges.  Addressing workers at a ceremony to mark the end of the year 2021, Nwabuko explained t...
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INEC Discovers 14,665 Multiple Registrations In FCT
December 22, 2021 No Responses

INEC Discovers 14,665 Multiple Registrations In FCT

The Independent National Electoral Commission (INEC) on Tuesday, said it discovered 14,665 multiple registrations in the Federal Capital Territory (FCT).  The number, it said, was among 42,986 Nigerians who completed their Continuous Voter Registration (C...
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Unity Bank Bags NYSC Youth Empowerment Award
December 22, 2021 No Responses

Unity Bank Bags NYSC Youth Empowerment Award

In recognition of Unity Bank Plc’s contribution to the growth of entrepreneurship among Nigerian youths, the National Youth Service Corps, NYSC has named the lender “Icon of Youth Empowerment” in an award presented to the Bank during the Skills Acquisiti...
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Obaseki: Edo Has The Largest Oil Palm Plantation Under Cultivation In Nigeria
December 22, 2021 No Responses

Obaseki: Edo Has The Largest Oil Palm Plantation Under Cultivation In Nigeria

With the cultivation of 120,000 hectares, Edo State has the largest oil palm plantation under cultivation in Nigeria, Edo State Governor, Godwin Obaseki has said  Obaseki said this during a visit by members of the Plantation Owners Forum of Nigeria...
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MSC Offers €5.7b To Buy Bolloré Africa Logistics
December 22, 2021 No Responses

MSC Offers €5.7b To Buy Bolloré Africa Logistics

Swiss container shipping major Mediterranean Shipping Company (MSC) has submitted an offer to acquire 100% of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa.  Bolloré Africa Logistics, a s...
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Panama Canal Modifies Tolls For Passenger Ships
December 22, 2021 No Responses

Panama Canal Modifies Tolls For Passenger Ships

Starting from February 2022, the Panama Canal will modify its toll structure for passenger vessels. On December 15, 2021, following the recommendation from the ACP Board of Directors, the Cabinet Council of the Republic of Panama officially approved modif...
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Lagos Signs N137.3b Bond Issuance For Key Infrastructural Projects
December 21, 2021 No Responses

Lagos Signs N137.3b Bond Issuance For Key Infrastructural Projects

The Lagos State Government on Monday signed the issuance of N137.3 billion bond, aimed at executing key infrastructural projects in the state. Speaking during the signing ceremony in Ikeja, Lagos State Governor, Mr Babajide Sanwo-Olu, said that the conclusion ...
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2021: Nigeria Customs Revenue Hits N2.3tri
December 21, 2021 No Responses

2021: Nigeria Customs Revenue Hits N2.3tri

The Nigeria Customs Service (NCS), on Monday, disclosed that it has so far generated N2.3 trillion revenue into the federation account in 2021.    In his presentation at a stakeholders/media engagement on trade facilitation in Lagos, &...
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Winners Emerge In Fidelity Bank’s GAIM Season 5 Draw
December 21, 2021 No Responses

Winners Emerge In Fidelity Bank’s GAIM Season 5 Draw

As part of measures to enhance savings culture, Fidelity Bank Plc has announced the first set of millionaires from its recently launched fifth season of its savings promo, “Get Alert in Millions (GAIM 5)”. Opening the live draw event, which...
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FAAN Assures Air Travellers Of Safety, Security
December 21, 2021 No Responses

FAAN Assures Air Travellers Of Safety, Security

The Federal Airports Authority of Nigeria (FAAN) has assured air travelers and other airport users of safety, security and comfort, as the yuletide holidays approach.  A statement issued by General Manager, Corporate Affairs, Mrs Henrietta Yakubu said: &#...
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