City BusinessNews, Author at City Business News

August 3, 2021 No Responses

Renault India Begins Exports Of Kiger To South Africa

Renault India division on Monday commenced exports of its sub-4 metre compact SUV Renault KIGER to South Africa.Developed specifically for the Indian market and the Indian customers, before taking it globally, Renault KIGER is the latest addition to its product line, the company said...

August 2, 2021 No Responses

Banks Comply With CBN FOREX Directive, Sell Dollar At N412

In compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks in Abuja have set up dedicated teller points for FX transactions in their branches. The News Agency of Nigeria (NAN) recalls that...

August 2, 2021 No Responses

Customs Intercepts Six Containers Of Unprocessed Timber, Arrests Two In Rivers

The Nigeria Customs Service, Federal Operations Unit, Zone ‘C’ has intercepted three trucks conveying six 6×20ft containers of logs of unprocessed timber. The Zonal Coordinator for Zone ‘C’, Ag. ACG Olusemire Kayode while d...

August 2, 2021 No Responses

Nigeria Quits MOWCA Over Electoral Irregularities

Nigeria has left the Maritime Organisation for West and Central Africa (MOWCA). A statement issued on Monday by the Director, Press and Public Relations, Ministry of Transportation, Eric Ojiekwe explained that this followed disregard for the rules of proc...

August 2, 2021 No Responses

Senate Committee At SAHCO, Lauds Performance

Skyway Aviation Handling Company PLC (SAHCO) has been commended by the Senate Committee on Privatization for remarkable business progression in Ground Handling operations while adding value to the Nigerian Aviation Industry. Senator Theodore Orji who led...

August 2, 2021 No Responses

With $40k Price Tag,1st All-Electric Kia Sedan Debuts

Kia, South Korea’s auto firm on Monday launched an all-electric EV6 sedan in the domestic market ahead of its overseas launches later this year.The EV6 is Kia’s first model embedded with Hyundai Motor Group’s own EV-only electr...

August 2, 2021 No Responses

Hyundai Records 60,249 Sales In July

For the month of July, 2021, South Korea Auto firm, Hyundai reported a 46 percent increase in total sales at 60,249 units. According to Hyundai Motor India Ltd (HMIL), domestic sales were up 26 percent to 48,042 units as against...

August 2, 2021 No Responses

Air Peace Gets Gold Standard Safety Award

Air Peace has added another award to its kitty by clinching the Gold Standard Safety Award at the 15th National Delegates Conference and Symposium of the National Association of Aircraft and Pilots Engineers, NAAPE, which held recently at the NAF...

August 2, 2021 No Responses

Shell Appoints Elohor Aiboni First Female MD For SNEPCO

Shell has appointed Mrs Elohor Aiboni as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCO). Media Relations Manager, Shell Petroleum Development Company of Nigeria...

August 2, 2021 No Responses

Bello-Koko: Apapa Gridlock My Greatest Headache

The traffic gridlock on the Apapa road leading to the port has constituted a major headache to the Nigeria Ports Authority (NPA), its acting Managing Director, Alhaji Mohammed Bello-Koko, has said. Bello-Koko told newsmen on Sunday in Lagos that the...

August 2, 2021 No Responses

Dangote Cement Declares N191.6b Profit In Six Months

The Dangote Cement, has posted a Profit After Tax (PAT) of N191.6 billion, after a tax charge of N89.6 billion in its unaudited results for the half-year ending on June 30. In a statement on Sunday, the Group Managing Director, Mr...

August 2, 2021 No Responses

Zenith Bank Boss Canvasses Increased Impact Investing In Africa

Group Managing Director/Chief Executive Officer, Zenith Bank Plc, Mr Ebenezer Onyeagwu, has called for increased impact investing in Africa, to enable the continent to achieve its full potentials. A statement issued on Sunday explained that Onyeag...

August 2, 2021 No Responses

Half-Year: Seplat Posts $308.8 m Revenue, Declares 2.5 Cents Per Share Interim Dividend

Seplat Energy Plc recorded an impressive half year (H1) 2021 scorecard with profit before deferred tax (PBT) of $62.1million, representing an increase of 142.7percent as against H1’20. Highlights of the company’s financial further show that revenu...

August 2, 2021 No Responses

NAFDAC Seeks Synergy To End Rejection Of Made In Nigeria Food In US, Europe

The Director-General, National Agency for Food and Drug Administration and Control, NAFDAC, Prof Moji Adeyeye has decried the incessant rejection of food and agricultural commodities from Nigeria by the United States of America USA and the European Union membe...