City BusinessNews, Author at City Business News

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, Coscharis Motors explained that the objective is to ease the...

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...

November 4, 2021 No Responses

Innoson Leads Other Local Auto Manufacturers To Edo Summit

Nigerian indigenous motor manufacturing company, Innoson Vehicle Manufacturing (IVM) will lead other top players in the nation’s automotive industry to the Alaghodaro Summit 2021, scheduled to take place between November 12 and 14, in Benin City, the Edo Sta...

November 4, 2021 No Responses

MTN Nigeria Completes N200b Bond Issuance

MTN Nigeria Communications Plc has successfully completed the issuance of its N89.99 billion Series II 10-Year 12.75 percent Fixed Rate Bonds due 2031. In a notice to the Nigerian Exchange (NGX) on Thursday, MTN Nigeria explained that the issuance was...

November 4, 2021 No Responses

NCC Awards N20m Grants To Four Innovative Tech Startups

The Nigerian Communications Commission (NCC) has awarded N20 million grant to four deserving Nigerian tech startups for their novel digital solutions aimed at curbing insecurity and advancing Internet of Things (IoT) frontier in Nigeria. The Executive Vi...

November 4, 2021 No Responses

Elizade Secures N1.5b Contract For 46 Customs Vehicles

By Moses Ebosele, ebosele@hotmail.com — The Federal Executive Council (FEC) has awarded N1.5bilion contract to Elizade Nigeria Limited to supply 46 units of vehicles to Nigeria Customs Service. Briefi...

November 4, 2021 No Responses

SEC DG Canvasses Support For Non-Interest Finance

The Director-General, Securities and Exchange Commission (SEC), Lamido Yuguda has stated that the Non-Interest finance segment holds great potentials in furthering the development of the capital market and the growth of the Nation’s economy.The SEC DG wh...

November 4, 2021 No Responses

NPPM Urges Development Of Inland Dry Ports

The Chairman of the Advisory committee of the Nigerian Ports Process Manual (NPPM), Prince Olayiwola Shittu, on Wednesday, urged the Nigeria Shippers’ Council to ensure the development of all Inland Dry Ports across the country. Shittu expressed optimism tha...

November 3, 2021 No Responses

JAMB Remits N3.51billion 2021 Operating Surplus

By Moses Ebosele, ebosele@hotmail.com The Joint Admissions and Matriculation Board (JAMB) has remitted N3.51 billion to the national treasury as part of its 2021 operating surplus. In a statement isued by its spokesperson, Dr Fabian Benjamin, ...

November 3, 2021 No Responses

Transcorp Hotels Reports N14.6b Revenue In Q3

TRANSCOHOT.LG, owner of Transcorp Hilton Abuja, Transcorp Hotels Calabar and Aura by Transcorp Hotels, has announced its unaudited Q3 results showing 115 percent growth in revenue year-on-year (YoY) to N14.6 billion and a gross profit growth of 149 percent to....

November 3, 2021 No Responses

NLNG Explains Agenda To Boost LPG Domestic Market Supplies

By Moses Ebosele, ebosele@hotmail.com As part of measures to crash rising price of Liquefied Petroleum Gas(LPG) also identified as cooking gas, the Nigeria Liquefied Natural Gas (NLNG) has resolved to cut its LPG exports and...

November 3, 2021 No Responses

Adeniyi Falade Joins Custodian Investment Board

By Moses Ebosele, ebosele@hotmail.com The Board of Custodian Investment Plc at the Board meeting held on October 27, 2021, approved the appointment of Mr. Adeniyi Falade as a Director on the Company’s Board with effec from January 1,...

November 3, 2021 No Responses

Qatar Airways Cargo Unveils Fire Resistant Containers

Over the next five years, Qatar Airways Cargo will replace its entire fleet of more than 10,000 Unit Load Devices (ULDs) with unique container design, aiming to exchange 70% of the units in 2022. A statement issued on Wednesday explained...

November 3, 2021 No Responses

NAJA To Honour Ade-Ojo, Jelani, Oyeyemi, Hathiramani

By Moses Ebosele, ebosele@hotmail.com — The Nigeria Auto Journalists Association (NAJA) has concluded plans to honour Founder of Elizade Nigeria Limited, Chief Michael Ade-Ojo, Director General, National Automotive Design and Development Council (NA...