City BusinessNews, Author at City Business News

November 6, 2021 No Responses

Ford To Retire $5b Debt, Issue Green Bonds For Electric Vehicles

Ford Motor Company said it plans to retire up to $5 billion in high-interest debt and tap into the fast-growing market for “green” bonds to help it finance new electric vehicles and expand credit to customers with lower scores. Ultimately,...

November 5, 2021 No Responses

At Onne, Customs, Agents Bicker Over Export Of Processed Natural Rubber

By citybusinessnews@yahoo.com — Agents and representatives of some firms in Rivers State, on Friday, accused the Nigeria Customs Service (NCS), Onne Command, of allegedly frustrating efforts to export processed Technically Specified Natural Rubber...

November 5, 2021 No Responses

Air Peace Gets Humanitarian Airline Award

Air Peace has received the Humanitarian Airline 2021 Award at the Aviators Africa Tower Awards, held recently in Victoria Island, Lagos State. The airline’s Spokesperson, Mr Stanley Olisa, in a statement issued explained that the airline’s Chairman, ...

November 5, 2021 No Responses

Indigenous Firms Invest $10b In Oil, Gas Production

The Independent Petroleum Producers Group (IPPG) says its members have invested about 10 billion dollars in oil and gas production in Nigeria from 2003 till date. The group, made up of 24 indigenous oil and gas companies, also pledged to...

November 5, 2021 No Responses

SON Probes Lagos Building Collapse

The Standards Organisation of Nigeria (SON) has commenced investigations into the 21 story building collapse in Gerrard, Ikoyi area of Lagos State. According to a statement issued by the standards body and made available to journalists in Lagos stated that,....

November 5, 2021 No Responses

Enugu Assembly Approves N15b Loan Request From CBN

The Enugu State House of Assembly has approved a N15 billion loan request by the Enugu State Government from the Central Bank of Nigeria (CBN).The loan request was contained in a letter to the house read by the Speaker, Chief...

November 5, 2021 No Responses

5G:Pantami Seeks Collaboration For Effective Deployment

The Minister of Communications and Digital Economy, Prof. Isa Pantami, has urged stakeholders of the telecommunications industry to collaborate for effective deployment of the Fifth Generation (5G) technology in the country. Pantami said this in his keyn...

November 5, 2021 No Responses

Danbatta: Stakeholder Engagement Key To Broadband Implementation

The government is putting greater emphasis on the continuous engagement of different stakeholders to secure their buy-in towards achieving the targets of the Nigerian National Broadband Plan (NNBP), 2020-2025, the Executive Vice Chairman of the Nigerian Commun...

November 5, 2021 No Responses

The COP26 Climate Test

By Edward Kallon, UN Resident Coordinator The climate crisis is a code red for humanity. World leaders have gathered this week at the UN Climate Conference — known as COP26 — in Glasgow, Scotland. Their actions will show their seriousness...

November 5, 2021 No Responses

Ibom Air Celebrates One-Millionth Passenger

By ebosele@hotmail.com — On Wednesday, 3rd of November, 2021, the management of Ibom Air, welcomed the airline’s one-millionth passenger on board flight number IAN4134 departing from Victor Attah International Airport Uyo to Nnamdi Azikiwe Internati...

November 4, 2021 No Responses

Nigerian Navy Deploys 13 Warships, Two Helicopters In Gulf Of Guinea

The Nigerian Navy on Thursday deployed 13 warships, two helicopters and 1,500 troops in a special military exercise against pirates in the Gulf of Guinea. The Chief of Naval Staff (CNS), Vice Adm. Awwal Gambo, announced the deployment at the...

November 4, 2021 No Responses

SEC Nigeria Urges Sustained Green Investments In Capital Market

The Securities and Exchange Commission (SEC) has reiterated the need to facilitate the issuance of green and sustainable instruments in the Nigerian capital market, saying such issuances will go a long way to assist in financing solar energy and other...

November 4, 2021 No Responses

Coscharis Motors Partners Sterling Bank On e-Commerce, Vehicle Finance

By Moses Ebosele, ebosele@hotmail.com — Foremost Nigerian automobile firm, Coscharis Motors has keyed into Sterling Bank’s Non-Interest Banking Division platform- AltDrive. In a statement sent to City Business News on Thursday, Coschar...

November 4, 2021 No Responses

BMW Beat Forecasts, Declares $2.99b Profit In Q3

For the third quarter (Q3)ended September, 2021, BMW beat analysts’ forecasts on Wednesday with a 42.4% year-on-year increase in net profit to 2.58 billion euros ($2.99 billion). According to Reuters, higher prices and strong electric vehicle sales helpe...