City BusinessNews, Author at City Business News

December 5, 2021 No Responses

Air Peace Begins Flights To Anambra Airport Dec 7

Following the recent approval of the Anambra International Cargo and Passenger Airport by the Nigerian Civil Aviation Authority, NCAA, Air Peace, has announced the commencement of scheduled flights into the airport as from Tuesday, December 7, 2021. In a statement on...

December 5, 2021 No Responses

PDP To Inaugurate New NWC Members Dec 10

The Peoples Democratic Party (PDP) will hold presentation of certificate of return and swearing-in ceremony of its newly elected national officers on Dec. 10 in Abuja. A statement issued by the party National Publicity Secretary, Mr Kola Ologbondiyan,on ...

December 4, 2021 No Responses

Gunmen Attack Okomu Oil

One Police officer and an unarmed private security driver attached to Okomu Oil Palm Company Plc are in critical conditions following attack by gunmen who allegedly were in the company’s rubber plantation to steal wet rubber cup lumps. City Busin...

December 4, 2021 No Responses

Stallion Group Acquires MG Motor’s Franchise, To Assemble Four Models In Nigeria

MG Motor has appointed Stallion Group as Nigeria’s exclusive distributor for its iconic automobile brand of British origin. Anurag Shah, Nigeria’s General Manager for the brand, who made the disclosure in a statement, explained that plans are in to...

December 4, 2021 No Responses

SIFAX Group Appoints Musah, Osho MD, ED

SIFAX Group has appointed Mobolaji Musah as the new Managing Director, SIFAX Oil & Gas Limited while Olujimi Osho has been elevated as the Executive Director, Legal Services/Company Secretary. Musah, who has over 26 years’ experience in Nigeria’s oil &...

December 4, 2021 No Responses

NAHCO Handles United Airline’s Flight

Nigerian Aviation Handling Company (NAHCO) Plc, Tuesday welcomed the United States-based United Airlines back to Lagos, Nigeria with its exceptional handling. The Airline, flight UA612 touched down at about 11:10 am at the Murtala Mohammed Internat...

December 4, 2021 No Responses

Shell Closes Prelude Floating LNG

Shell has shut down its Prelude Floating Liquefied Natural Gas (FLNG) facility offshore Western Australia due to a fire incident. Shell operates the Prelude FLNG, located at Browse Basin, 475 kilometres from Broome in Western Australia. S...

December 3, 2021 No Responses

Countries Reach Deal To Cut Trade Costs

Members of the World Trade Organization (WTO) have agreed on a landmark deal that could cut trade costs by £113bn a year. Some 67 members agreed to cut red tape around licensing and qualifications. The signatories, which include the UK,...

December 3, 2021 No Responses

Okomu Oil Targets N16.1b Turnover, N4.4b Profit in 2022 Q1

By Moses Ebosele, ebosele@hotmail.com — For the 2022 First Quarter (Q1), Okomu Oil Palm Company Plc has projected N16.2B (N16,158, 477) turnover and profit after tax of N4.4b (N4,470, 477). In its presentation of forecast to the...

December 3, 2021 No Responses

Nigerian Stock Market Extends Losing Streak By N113b

The Nigerian stock market extended bearish mood on Thursday on the back of sell pressure on Seplat Energy and 33 others. Specifically, the market capitalisation dropped further by N113 billion or 0.51 per cent to close at N22.044 trillion from...

December 3, 2021 No Responses

Nigeria Trains 200,000 Youths On Digital Literacy, Entrepreneurship

The Ministry of Youth and Sports Development has trained 200,000 youths on Digital Literacy, Skills Acquisition, Entrepreneurship, Employability and Leadership programme. The Minister, Sunday Dare made the disclosure at a Book L...

December 3, 2021 No Responses

Innoson Photo News

Guest of honour and FRSC Corps Marshal, Dr. Boboye Oyeyemi, congratulates GM, Sales, Innoson Vehicle Manufacturing Company Ltd (IVM), Nnewi, Mr. Obum Osigwe, who received the award of Auto Manufacturing Company of the Year (Local Content) presented to the indi...

December 3, 2021 No Responses

5G: NCC Denies Shifting Deadline After MTN Bid

The management of Nigerian Communications Commission (NCC) has denied shifting bid deadline for 5G network after MTN submitted Bid A statement issued by Dr. Ikechukwu Adinde, Director, Public Affairs, read: “The Nigerian Communications Commission (NCC)...

December 3, 2021 No Responses

Shell Photo News

L-R; Director Monitoring and Evaluation, Nigeria Content Development and Monitoring Board (NCDMB); Tunde Adelana, Chairman Petroleum Contractors Trade Section, Tayo Akinkumi; Executive Secretary, NCDMB, Simbi Wabote; Managing Director, Shell Nigeria Exploratio...