City BusinessNews, Author at City Business News

May 11, 2021 No Responses

Ecobank Nigeria Partners NiDCOM On National Development

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has stated that the bank is privileged to work closely with the Nigerians in Diaspora Commission, (NiDCOM) and will continue to pursue one of its key mandates of helping to enhance the economic development and integration...

May 11, 2021 No Responses

Akwa Ibom Donates N60m To Families Of Slain Policemen

Governor Udom Emmanuel of Akwa Ibom has donated N60 million to families of slain policemen by unknown gunmen in the state. The state governmentr’s donation was contained in a statement issued by the Commissioner for Information and Str...

May 11, 2021 No Responses

NGX Opens Week With N59b Growth

The nation’s bourse opened trading for the new week on Monday on a positive note with a growth of N59 billion, following interests in Tier 1 banks. Specifically, the market capitalisation which opened at N20.431 trillion inched higher by N59 billi...

May 11, 2021 No Responses

INEC Creates Additional 4,861 Polling Units In Lagos

The Independent National Electoral Commission (INEC) on Monday announced the creation of additional 4,861 polling units in Lagos State. INEC Resident Electoral Commissioner (REC) in Lagos, Sam Olumekun, said the exercise would help in decongesting the 8,464 ex...

May 10, 2021 No Responses

Firms Commit $159m In Nigeria’s Oil Palm, Cassava Value Chains

Fayus Group, in collaboration with Shine Bridge Global (SBG) and Africa Global Schaffer (AfGS), are investing $159 million in Nigeria’s oil palm and cassava value chains over three years. The Chairman of Fayus Group, Alhaji Fatai Yusufu made this known...

May 10, 2021 No Responses

Bala-Usman: Award Of Coastline Terminals To Dangote Company Not True

The suspended Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has decribed as false and misleading report of awarded of Coastline Terminals to Dangote’s Proxy firm. In a statement on Sunday, Bala Usman said:”My attent...

May 10, 2021 No Responses

NIMASA, Army Collaborate On Training

The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Army have announced a plan to cooperate on the training and retraining of journalists and other public communication practitioners in the country’s security sector. This was the...

May 10, 2021 No Responses

Listing On LCFE: Heritage Bank-Dukia Gold Set To Unlock N344trillion Market Worth Of Gold

Heritage Bank for being part of valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Limited is set to unlock the over N344trillion market worth of gold investible instruments in the solid minerals sector with the concluded....

May 10, 2021 No Responses

University Dons Laud Coscharis Group On Assembly Plant

Foremost auto dealer, Coscharis Motors, a subsidiary of Coscharis Group has been commended for developing local contents in reference to the local assembly plant located in their group head office in Lagos. This commendation came up during the rece...

May 9, 2021 No Responses

PDP Disowns Factional Leaders

The Peoples Democratic Party (PDP) in Zamfara State has pledged to take appropriate action against members of the “True PDP” who recently set up a parallel office in the state. The state PDP Chairman, Alhaji Tukur Danfulani, explained at a...

May 9, 2021 No Responses

India Tops Vehicle Imports Into South Africa

Between January and December 2020, India was the top country of origin for vehicle imports into South Africa despite COVID-19 lockdowns and overall declines in vehicle sales. The Automotive Export Manual report unveiled at the weekend by the Au...

May 9, 2021 No Responses

UBA’s REDTV Launches New Series In Ghana

United Bank for Africa’s Lifestyle and Entertainment channel continues to blaze the trail in online entertainment as it pushes the best of Africa to the world. REDTV, producers of awarding winning hit series such as The Men’s Club (TMC), Our...

May 9, 2021 No Responses

LADOL Boss, Jadesimi Canvasses Support For Local Content

By Moses Ebosele, ebosele@hotmail.com — The way to move Nigeria and its economy forward is to embrace local content, currently being championed in the oil industry by the Nigeria Content Development Management Board (NCDMB), Managing Director,&nbsp...

May 9, 2021 No Responses

NRC Arrests Rail Track Vandals

The Nigeria Railway Corporation (NRC) has announced the arrest of two persons suspected of vandalising rail tracks along Kaduna-Zaria rail line. Haruna Sabo, the NRC Northern District Engineer, made the disclosure in an interview with the News...