Author: City BusinessNews

Edo Inaugurates 12-Man Road Safety Advisory Council
December 16, 2021 No Responses

Edo Inaugurates 12-Man Road Safety Advisory Council

The Edo State Governor, Mr. Godwin Obaseki has inaugurated a 12-man Edo State Road Safety Advisory Council, charged with the responsibility of coordinating the state’s road safety targets and driving the implementation of the road safety sector strategic plan. The...
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5G Auction: NCC Reacts To Alleged Tinubu’s Connection To Mafab Communications
December 16, 2021 No Responses

5G Auction: NCC Reacts To Alleged Tinubu’s Connection To Mafab Communications

The management of the Nigerian Communications Commission (NCC) has denied knowledge  of an alleged connection between  Mafab Communications limited and the All Progressive Congress (APC) National Leader, Senator Bola Tinubu   A statement issued on Wed...
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APM Terminals Investment In Apapa Hits N180b
December 15, 2021 No Responses

APM Terminals Investment In Apapa Hits N180b

The management of APM Terminals, Apapa, Nigeria, has invested not less than $438 million ( N180 billion) in acquisition of modern cargo handling equipment. In a statement on Tuesday, the Manager, Mr Steen Knudsen, expained that the equipment are for seam...
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Reps Approve FG’s $5.8b Loan Request
December 15, 2021 No Responses

Reps Approve FG’s $5.8b Loan Request

The House of Representatives has approved President Muhammadu Buhari’s loan request of 5.8 billion dollars.The approval followed the adoption of the report of the House Committee on Aids, Loans and Debt Management on Tuesday in Abuja.Presenting the report, R...
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Hyundai Motor Distributes Relief Materials To Flood Victims
December 15, 2021 No Responses

Hyundai Motor Distributes Relief Materials To Flood Victims

Hyundai Motor through its corporate social responsibility arm,  Hyundai Motor India Foundation has distributed relief materials to flood affected people in Sriperumbudur.    According to the company, Dry rations, bed sheets, mats and t...
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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 Toy...
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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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