City BusinessNews, Author at City Business News

August 12, 2021 No Responses

Hyundai Seeks $930m To Fund Eco-Friendly Ship Technology

South Korean shipbuilder Hyundai Heavy Industries (HHI) has decided to raise capital amounting up to$932.8 million in an effort to fund the development of eco-friendly vessel technologies. As a fundraising method, HHI, part of Korea Shipbuilding & Offshore Engineering Co....

August 12, 2021 No Responses

Chelsea Wins Super Cup

Chelsea beat Villarreal 6-5 in a penalty shootout to lift the Uefa Super Cup for a second time after a draining 120 minutes in Belfast. Substitute goalkeeper Kepa Arrizabalaga saved captain Raul Albiol’s spot-kick at Windsor Park on a night...

August 11, 2021 No Responses

Nigeria Reports 610 New Cases Of COVID-19, Two Deaths

Nigeria on Tuesday recorded 610 new cases of COVID-19 infections, the second-highest in nearly six months. According to the Nigeria Centre for Disease Control (NCDC), the new infections took the country’s total confirmed cases to 179,118, from the 422 ca...

August 11, 2021 No Responses

Air Peace Unveils Douala, Ibadan Routes

Air Peace has concluded plans to commence scheduled commercial flights from Lagos and Port Harcourt to Douala, the capital of Cameroon, on August 19, 2021. A statement sent to City BusinessNews explained that the airline is also set to launch...

August 11, 2021 No Responses

Qatar Airways Cargo, WiseTech Seal Direct Data Connection

Qatar Airways Cargo and WiseTech Global, a leading provider of software solutions to the logistics industry, have commenced implementation of an extensive direct data connection between their global operating systems A statement explained that the direct...

August 11, 2021 No Responses

’Nigeria Can Earn $20b Annually From Oil Palm’

The Edo State Governor, Godwin Obaseki, has reiterated the need for Nigeria to diversify its economy from crude oil, noting that the nation can earn $20billion annually from the cultivation and production of oil palm. Addressing Journalists in...

August 11, 2021 No Responses

NCC, NESG Mull Collaboration

The Nigerian Communications Commission (NCC) and the Nigeria Economic Summit Group (NESG) are considering possible areas of increasing collaboration to enhance the impact and contribution of the telecommunications sector on Nigeria’s socio-economic developme...

August 11, 2021 No Responses

Airtel Africa, Unity Bank Top Gainers’ Chart As NGX Gains N318b

The Nigerian Exchange (NGX) on Tuesday gained N317billion due to buying investors interest in 21 stocks. At the end of the day’s transactions, the market capitalisation rose by N317 billion to close at N20.411 trillion against N20.094 trillion re...

August 11, 2021 No Responses

Markets Remain Cautious Amid Delta Fears

By Lukman Otunuga, Senior Research Analyst at FXTM — It may be a relatively quiet week for Nigerian markets due to the absence of Tier 1 economic reports. Nevertheless, the developments outside of Nigeria could impact sentiment ahead of the...

August 11, 2021 No Responses

CBN Releases Guidelines For Regulation, Supervision Of CGCs

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria. The guidelines are contained in a circular by Ibrahim Tukur, CBN’s Director, Financial Policy and Re...

August 11, 2021 No Responses

FG Approves N4b For Fuelling Police Vehicles

The Federal Government approved over N4 billion in the 2021 budget for fueling of police vehicles, Minister of Police Affairs, Alhaji Muhammad Dingyadi has disclosed. A statement issued on Tuesday by Head of Press and Public Relations in the Minis...

August 11, 2021 No Responses

Nissan Boss Implores Nigeria, Others On Auto Industry Development Plan, AfCFTA

Managing Director, Nissan’s Africa regional business unit, Mike Whitfield, has urged Nigeria and other African nations to put in place Automotive Industrial Development Plan as part of measures to unlock the economic benefits of the African Continental Fr...

August 11, 2021 No Responses

COVID-19: SIFAX Boss Advocates Improved University ICT infrastructure

In view of the COVID-19 pandemic that slowed down teaching and learning in the country’s educational institutions, Dr. Taiwo Afolabi, Group Executive Vice Chairman, SIFAX Group, has tasked relevant stakeholders in the education ecosystem on the need to upgra...

August 11, 2021 No Responses

Messi Signs Two-Year PSG Deal

Lionel Messi has signed a two-year contract with Paris St-Germain after leaving Barcelona. The 34-year-old’s deal also has the option of a third year. Messi left Barca – the only club he has played for – as they were unable...