City BusinessNews, Author at City Business News

August 24, 2021 No Responses

Oil Rises As Full U.S. Clearance For COVID-19 Vaccine Stokes Demand

Oil prices rose on Tuesday after the U.S. drug regulator granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, stoking investor hopes that higher fuel demand will follow a potential step up in U.S. coronavirus vaccination rates.Brent crude oil futures gained 66 cents, or 0.9%, to $69.41...

August 24, 2021 No Responses

FRSC Boss Insists On Minimum Standards For Trucks, Seeks Data Base For Traffic Control

Corps Marshal, Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi, reiterated on Monday that 90 percent of articulated trucks plying the roads are overaged vehicles that are not roadworthy. Speaking on Monday during his working visit to Nigerian Shippers Co...

August 24, 2021 No Responses

FAAN Deploys 15 More Screening machines at GAT, MMIA

The Federal Airports Authority of Nigeria (FAAN) has acquired additional 15 security screening machines. According to FAAN, the screening machines are for immediate deployment to the General Aviation Terminal and Murtala Muhammed International...

August 24, 2021 No Responses

Bello-Koko: We’re Repositioning NPA For Efficiency, Safety, Accountability

The Acting Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko has assured that the management under his watch is working towards repositioning the nation’s seaports and the authority for greater efficiency, safety and accountability.&nbsp...

August 24, 2021 No Responses

NEPZA, Borno Reactivate Banki Border Free Trade Zone

The Nigeria Export Processing Zones Authority (NEPZA) has commenced the process of reactivating the Banki border Free Trade Zone in Borno State, to spur economic development. The Managing Director of NEPZA, Prof. Adesoji Adesugba disclosed this on Monday...

August 24, 2021 No Responses

Kia K8 Debuts In Middle East

Kia Corporation has announced the arrival of the K8 to the Middle East region, the first model to arrive following the rebirth of the Kia brand and one that exemplifies the automaker’s new purpose and ambitions for the future. According...

August 24, 2021 No Responses

COVID-19: Lagos Uses 400 0xygen Cylinders Per Day

Lagos State Governor, Mr Babajide Sanwo-Olu has disclosed that severe COVID-19 patients in the state currently utilise 400 oxygen cylinders per day since the outbreak of the third wave. Sanwo-Olu stated this on Monday at the Lagos House, Ikeja, during...

August 24, 2021 No Responses

World’s 10 Largest Stock Exchanges Record $12trillion Flows In 2021 Half-Year

The stock market is building momentum and attracting more investors after recording historical dips in the previous year. Indeed, within the first half of 2021, leading global exchanges have witnessed their market capitalization grow by trillions o...

August 24, 2021 No Responses

AIICO Insurance Unveils Artificial Intelligence Powered WhatsApp Service

AIICO Insurance Plc on Monday said it had launched an Artificial Intelligence (AI) powered service via the WhatsApp platform called ELLA, to improve service delivery. Head, Strategic Marketing and Communications of the firm, Mr Segun Olalandu, announced ...

August 23, 2021 No Responses

MTN Nigeria Budgets N600b For Network Infrastructure

As part of measures to improve telecommunications services, MTN Nigeria Communications has concluded plans to invest more than N600bn in network infrastructure over the next three years. Chairman of MTN Nigeria Communications, Dr Ernest Ndukwe, disclosed ...

August 23, 2021 No Responses

NCC Boss Lists Benefits Of Digital Literacy To Socio-Economic Development

The Executive Vice-Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has identified major benefits in promoting digital literacy in the country. Delivering the first Annual Lecture of the Bic...

August 23, 2021 No Responses

‘FG Unveils 1,667 ICT Centres, 455 Projects Ongoing’

The Minister of Communications and Digital Economy, Dr Isa Pantami, says that the ministry has inaugurated no fewer than 1,667 Information Communications Technology (ICT) centres across the country. He also said that more than 455 other projects were ongoing i...

August 23, 2021 No Responses

Nigeria Attains 100 Percent Capacity In Production Of SIM Cards, Others

The Federal Government says it has achieved 100 percent in the production of Subscriber Identification Module (SIM) cards as well as the manufacture of many components of cell phones used in the country. The Minister of Communications and Digital Econo...

August 23, 2021 No Responses

World Athletics U20: Team Nigeria Finish Third With 4 Gold, 3 Bronze Medals

Team Nigeria on Sunday finished third on the overall medals table after a total of four gold and three bronze medals at the World Athletics Under-20 Championships in Nairobi, Kenya. The News Agency of Nigeria (NAN) reports that Team Nigeria...