Author: City BusinessNews

Sierra Leone Ratifies China Railway, Port Lease Agreement
May 16, 2021 No Responses

Sierra Leone Ratifies China Railway, Port Lease Agreement

The Parliament of Sierra Leone has ratified the China Kingho Company’s rail and port lease agreement, the company told Xinhua on Saturday.  The agreement will allow Kingho Railway and Port Company Limited to manage and operate the infrastructure of the...
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NCC Commiserates With Board Chairman Over Daughter’s Passage
May 15, 2021 No Responses

NCC Commiserates With Board Chairman Over Daughter’s Passage

The Board, Management and entire staff of the Nigerian Communications Commission (NCC) express grief and commiserate with the Chairman, Board of Commissioners of NCC, Prof. Adeolu Akande over the passage of his daughter, Miss...
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Hyundai, Kia To Suspend Plants
May 15, 2021 No Responses

Hyundai, Kia To Suspend Plants

Hyundai Motor and its affiliate Kia said on Friday they will suspend some of their assembly lines for several days next week due to semiconductor shortages.Hyundai Motor plans to halt the No. 5 Ulsan plant, which produces the Tucson sport utility vehicle an...
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Customs Confirms Three Dead In Clash With Smugglers
May 15, 2021 No Responses

Customs Confirms Three Dead In Clash With Smugglers

The Nigerian Customs Service (NCS), Federal Operations Unit, Zone A, on Friday confirmed the death of three persons while repelling smugglers’ attempt to abduct an officer on duty  No fewer than four persons were hit on Thursday in Iseyin area...
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WHO Cautions On Excessive Speed To Reduce Road Accidents
May 15, 2021 No Responses

WHO Cautions On Excessive Speed To Reduce Road Accidents

World Health Organisation (WHO) on Friday cautioned drivers on excessive speed to reduce road accidents globally.  WHO gave the warning in a statement from its headquarters in Geneva, to commemorate the 6th UN Global Road Safety week, which is celebrated....
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Greece Ends Lockdown, Opens To Tourists
May 15, 2021 No Responses

Greece Ends Lockdown, Opens To Tourists

Greece has launched its tourist season, lifting most remaining restrictions on movement and declaring “we are putting the lockdown behind us”. Although an average of 2,000 daily Covid cases are still being reported, vaccinations are being rolled ou...
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Nollywood Produces 416 Movies In Q1
May 15, 2021 No Responses

Nollywood Produces 416 Movies In Q1

The National Bureau of Statistics (NBS) has disclosed that Nollywood produced 416 movies in Quarter One of 2021 (Q1, 2021) compared to 903 in Q4, 2020.  NBS said this in the “Nollywood Movies Production Data – Q2 2017 to Q1...
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Eternal, ABC Transport, Others Lift Market Capitalisation With N25b
May 15, 2021 No Responses

Eternal, ABC Transport, Others Lift Market Capitalisation With N25b

Transactions resumed on the Nigerian Exchange (NGX) on Friday after the public holdiays to mark the Eid-el-Fitr celebration with a growth of N25 billion.  Speficially, the market capitalisation rose by N25 billion or 0.12 per cent to close at N20.552...
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NIMASA Takes Delivery Of Special Mission Aircraft
May 14, 2021 No Responses

NIMASA Takes Delivery Of Special Mission Aircraft

A Special Mission Aircraft was received in Lagos on Wednesday, in the final phase of the delivery and installation of assets under the Deep Blue Project designed to secure Nigerian waters up to the Gulf of Guinea.      Director General...
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World Bank To Construct 13.16km Lagos Farm Roads
May 14, 2021 No Responses

World Bank To Construct 13.16km Lagos Farm Roads

Lagos State Government says its World Bank-assisted Agro-Processing, Productivity Enhancement, Livelihood Improvement Support (APPEALS) Project will construct 13.16km Farm Access Roads (FARs) in four cluster areas.  The state Commissioner for Agriculture,...
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Buhari Mourns Dogonyaro
May 14, 2021 No Responses

Buhari Mourns Dogonyaro

President Muhammadu Buhari has expressed sadness over the death of the former Chief of Defence Staff, retired Lt. Gen. Joshua Dogonyaro.  The president made his feelings known in a statement by his spokesman, Malam Garba Shehu, in Abuja on Thursday. ...
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Hyundai To Invest $7.4b In Electric Cars, Expansion
May 14, 2021 No Responses

Hyundai To Invest $7.4b In Electric Cars, Expansion

South Korea’s Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade production facilities and further its investment in smart mobility solutions.The announcement came b...
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Eid-Al Fitr: Buhari Felicitates With Nigerians, Urges Unity
May 13, 2021 No Responses

Eid-Al Fitr: Buhari Felicitates With Nigerians, Urges Unity

President Muhammadu Buhari has called on all Nigerians to unite and shun calls for separatism fuelled by religious differences. The President made the call in his message celebrating the end of the Ramadan fasting month and observance of the Eid...
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Egypt To Expand Suez Canal
May 13, 2021 No Responses

Egypt To Expand Suez Canal

Abdel Fattah al-Sisi, Egyptian President has approved the widening and deepening of the southern part of the Suez Canal, after the 20,000TEU container vessel Ever Given crippled the critical maritime artery recently. With a length of 400 meters and a...
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