City BusinessNews, Author at City Business News

June 9, 2021 No Responses

Institute Inaugurates Plantain, Banana Platform In Edo

The National Horticultural Research Institute (NIHORT), on Tuesday in Benin, Edo State inaugurated plantain and banana innovation platform in a bid to improve productivity in the value chain. The Executive Director of the institute, Dr Abayomi Olaniyan, said the platform was...

June 9, 2021 No Responses

SIFAX Group Appoints Eniola-Jegede Executive Director

By citybusinessnews@yahoo.com — SIFAX Group, a group of companies with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services and Hospitality, has announced the appointment of Wunmi Eniola-Jegede as the Ex...

June 9, 2021 No Responses

No Rift Between Sylva, Akpabio Over Constitution Of NDDC Board’

By citybusinessnews@yahoo.com — The Minister of State for Petroleum Resources, Chief Timipre Sylva, says there is no rift between him and Minister of Nigeria Delta Affairs, Sen. Godswil Akpabio, over the constitution of board of the Nige...

June 9, 2021 No Responses

Michelin Announces Price Hike In Africa, India, Middle East

By citybusinessnews@yahoo.com — French tyre maker, Michelin on Tuesday announced that it will increase prices by up to 6 and 8 percent in Africa, India and Middle East region with effect from June 18, 2021. Under the arrangem...

June 9, 2021 No Responses

Okomu Oil, Learn Africa Top Gainers’ Table As Nigerian Stock Market Recovers N102b

Transaction on the Nigerian stock market returned to positive territory on Tuesday with investors’ net worth appreciating by N102 billion. The bullish performance was due to investors’ buy interest in industrial goods, consumer goods and oil & ga...

June 9, 2021 No Responses

Adedayo Emerges CITN New President

By citybusinessnews@yahoo.com — The Chartered Institute of Taxation of Nigeria (CITN) has elected Mr Adesina Adedayo as its President, alongside five other officers to steer the affairs of the Institute for the next two years. The Head, Corpor...

June 9, 2021 No Responses

Kia Reveals New Sportage SUV

Kia Corporation revealed on Tuesday the official images of its new Sportage Sports Utility Vehicle (SUV), crafted to inspire customers with its interior and exterior design.The result of collaborative efforts among Kia’s main global design ne...

June 8, 2021 No Responses

Nigeria Mulls Death Penalty For Railway Vandals

The Federal Government says it may consider capital punishment for railway track vandals. The Minister of Transportation, Mr Rotimi Amaechi, said this during a Town Hall Meeting on ”Protecting Public Infrastructure ” on Monday in Abuja.&nb...

June 8, 2021 No Responses

CMA CGM Records $10.7 b Revenue In Q1

French container shipping major CMA CGM closed the first quarter of this year with strong earnings growth. The company’s net income increased to $2.1 billion in Q1 2021 from $48 million seen in Q1 2020. EBITDA came in at $3.2...

June 8, 2021 No Responses

ETI To Raise $300m From Capital Market

Ecobank Transnational Incorporated (ETI) Plc has announced plans to raise $300million from the International Debt Capital Markets (IDCM), through the issuance of tier 2 qualifying sustainability notes. Ms Adenike Laoye, Group Head, Corporate Communicatio...

June 8, 2021 No Responses

Ecobank Reiterates Support For Agriculture, Youths Employment

The Managing Director, Ecobank Nigeria Patrick Akinwuntan says the bank is committed to support the development of the agric value chain to further explore how to unlock productivity and economic growth and food security potentials for Nigeria. &nb...

June 8, 2021 No Responses

Edo Plans New Airport, Threatens To Withdraw Insurance FC From NNL

By citybusinessnews@yahoo.com — The Edo State Governor, Mr. Godwin Obaseki is in talks with investors, development partners and other stakeholders on the construction of an airport in Edo North Senatorial District to open up the area and rev up economic...

June 8, 2021 No Responses

Nigeria To Partner Iran On Auto Assembling, Importation Of Tractors

Nigeria on Monday expressed willingness to partner with the Islamic Republic of Iran in areas of assembling of automobiles, importation of tractors and agricultural equipment to ease farming. The Minister of Special Duties and Intergovernmental Affa...

June 8, 2021 No Responses

GOCOP Faults Suspension Of Twitter

The Guild of Corporate Online Publishers,GOCOP has called on President Muhammadu Buhari to rescind his government’s decision to suspend Twitter in Nigeria. GOCOP made this call in a statement signed by its President,Mr Dotun Oladipo and General Secretary...