City BusinessNews, Author at City Business News

July 24, 2021 No Responses

Buhari Tasks Contractors On Giving Back To Society

President Muhammadu Buhari has urged businessmen and contractors that benefit from government patronage to give back to the society by engaging in Corporate Social Responsibility. The president, according to a statement by his Senior Special Assistant on Media and Publicity,...

July 24, 2021 No Responses

Universal Insurance, Oando Top Gainers’ Table As Market Capitalisation Recover N43b

Transactions on the Nigerian Exchange improved further by 0.21 per cent on Friday. Specifically, the All-Share Index which opened at 38,585.52 inched higher by 82.38 points or 0.21 per cent to close at 38,667.90. Also, the market capitalisation rose by...

July 24, 2021 No Responses

NIMASA Donates Relief Materials To IDPs In Lagos

The Nigerian Maritime Administration and Safety Agency (NIMASA) on Friday donated relief items to Internally Displaced Persons (IDPs) in Lagos State. Dr Bashir Jamoh, Director-General, NIMASA, while presenting the items, said that the donation was part of the ...

July 24, 2021 No Responses

Navy Releases Impounded Vessel To Blut Logistics

The Nigerian Navy Ship (NNS) Delta has handed over MV Platform Care I vessel to its owner, The News Agency of Nigeria (NAN) reports that the impounded vessel was released to the owner on Friday at the Naval Base, Warri,...

July 24, 2021 No Responses

Toyota Unveils New Aqua Electric Car

Toyota Motor Corporation has launched its new Aqua hybrid electric compact car redesigned to realize its mission to ‘introduce sustainable vehicles practically’ and to contribute to carbon neutrality, the company said in a release.The n...

July 24, 2021 No Responses

Sancho Completes £73m Move To Manchester United

England winger, Jadon Sancho says joining Manchester United is “a dream come true” after he completed his £73m move from Borussia Dortmund. Sancho is the second most expensive English player of all time behind his new United team-mate Harry Maguir...

July 23, 2021 No Responses

NETCO Declares N18.02b Revenue, Shareholders Get N400m Dividend

For the year ended December 31, 2020, the National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has reported N18.02 billion revenue and profit before tax of N3.37 billion. Also, withi...

July 23, 2021 No Responses

National Assembly Lauds CAC Reform Initiatives

The National Assembly has commended the reform initiatives of the Corporate Affairs Commission (CAC) geared towards improving ease of doing business initiative of the Federal Government. A statement issued by CAC Head of Media Unit, Rashee...

July 23, 2021 No Responses

Toyota, Suzuki, Daihatsu Explore Electric Vehicle Venture

Suzuki Motor Corporation and Daihatsu are joining a commercial electric vehicle coalition led by Toyota Motor Corporation, the carmakers announced on Wednesday, helping the Japanese alliance expand its focus from trucks to smaller cars.The two automakers ...

July 23, 2021 No Responses

200 Students Benefit From SIFAX-Sponsored Safe School Training

A total of 200 students drawn from selected public schools in Lagos State have been trained on various ways and means as well as strategies to live a drug-free life and how to avoid pitfalls of juvenile delinquencies. The programme,...

July 23, 2021 No Responses

Dangote Cement’s $1b Plant In Edo Set To Commence Operations

Dangote Cement’s $1bn 6 million Metric Tonnes Per Annum (MTPA) facility has been completed and is set for commissioning. The plant, which sits on a 1000-hectare land, is billed to boost cement production in the state, in alignment with Governor...

July 23, 2021 No Responses

Jehovah’s Witnesses Hold Global Virtual Convention In 240 Lands, 500+ Languages

Breaking from a century-old tradition in the name of health and safety, the largest convention organization in the world has moved its annual in-person event to a virtual format for the second time in as many years, canceling nearly 6,000...

July 23, 2021 No Responses

NCC Cautions Stakeholders Against Unofficial Statistics

The Nigerian Communications Commission (NCC), has cautioned all stakeholders in the industry to against embrassing any statistics or forecast on activities in the industry, except statistics, projections, or forecast that emanate from the the National Bureau o...

July 23, 2021 No Responses

Daimler Reports $4.3b Quarterly Profit

Germany – German auto maker Daimler reaped strong profits in the second quarter as demand for its Mercedes luxury cars continued to rebound from the depths of the pandemic, generating cash that the company can invest in its shift to electric vehicles....