City BusinessNews, Author at City Business News

May 9, 2021 No Responses

BMW Confirms 2021 Outlook

BMW remains on course to meet its profit targets for 2021 despite rising raw material costs, the German carmaker ha said, having largely steered clear of the semiconductor chip shortage battering rivals like Volkswagen.Volkswagen boss Herbert Diess had said on Thursday that Europe’s top...

May 8, 2021 No Responses

Shippers Council Unveils N15b Resource Centre Agenda

The Nigerian Shippers’ Council(NSC) on Friday sought the support of the Federal Ministry of Transportation to build an international maritime resource centre in Jos estimated to cost N15 billion. Mr Hassan Bello, the Executive Secretary of NSC , ...

May 8, 2021 No Responses

NGX Market Capitalisation Loses N39b As Mobil Oil Delists

Trading on the Nigerian Exchange (NGX) Ltd. closed mixed on Friday with the market capitalisation dropping by N39 billion while the index rose by 0.21 per cent. Specifically, the market capitalisation which opened at N20.470 trillion lost N39 billion or....

May 8, 2021 No Responses

FG Boosts Women Participation In Energy Sector With $20m

The Federal Government has allocated $20 million to support active participation of women in Oil and Gas Sector. Minister of State Petroleum Resources, Chief Timipire Sylva made the submission, in Abuja while playing host to executive members of Wom...

May 8, 2021 No Responses

NPA Replies Memo, Explains Remittance Of Operating Surplus

To establish the true position of its remittances to the Consolidated Revenue Funds (CFR), the management of Nigerian Ports Authority (NPA) has forwarded a memo to the presidency requesting the Chief of Staff to prevail on the Office of the...

May 8, 2021 No Responses

NCC To Balance Competition, Disruptive Technologies For Sustainable Telecoms Growth

The Nigerian Communications Commission (NCC) said it was keen on balancing healthy competition with entry of disruptive technologies to ensure sustainable telecoms industry growth and development in Nigeria.The NCC’s Executive Vice-Chairman (EVC), Prof. Umar...

May 8, 2021 No Responses

Buhari Mourns Aisha Al-Hassan

President Muhammadu Buhari has expressed sadness over the death of Hajiya Aisha Al-Hassan, who was Minister of Women Affairs and Social Development during his first term in office. A statement by the President’s Spokesman, Malam Garba Shehu, in Abuja o...

May 7, 2021 No Responses

Shareholders Laud Sterling Bank’s 2020 Performance

Shareholders of Sterling Bank Plc have commended the board and management of the bank for the remarkable display of resilience, improved performance and returns on investment in 2020 financial year The shareholders gave the commendation at the bank’s 5...

May 7, 2021 No Responses

SHACMAN Fire Truck Debuts

To address the issues of the recent rampant fire outbreak across states, Transit Support Services (TSS), has introduced SHACMAN Fire Trucks. SHACMAN fire trucks which was added to SHACMAN Nigeria range ofproducts; tractor heads, dump/tipper trucks, mixer and l...

May 7, 2021 No Responses

NDDC Donates Science Equipment To 46 Niger Delta Schools

The Niger Delta Development Commission, NDDC, has flagged-off the donation and distribution of essential science equipment to selected secondary schools in the Niger Delta region. Speaking at the flag-off ceremony in Warri, Delta State, the NDDC Interim Admini...

May 7, 2021 No Responses

Renault Unveils New Logo

Renault on Thursday unveiled its new brand identity. The previous iteration was created in 1992 and was re-worked in 2015. According to Renault, its recently unveiled logo is more modern and vibrant, and it serves a key purpose: to portray the Renaul...

May 7, 2021 No Responses

Heritage Bank Partners Road Transport Workers On Insurance Scheme For Travelers

Heritage Bank in partnership with the Road Transport Employee’s Association of Nigeria (RTEAN) has launched the Travelers’ Accident Insurance Scheme (TAIS) to assist road accident victims across the country.The scheme aims to address deaths associa...

May 7, 2021 No Responses

NCC Warns Telecom Consumers Against Sharing Cell Phone, NIN, SIM

The Nigerian Communications Commission (NCC) has warned telecom consumers not to share their cell phones, National Identity Number (NIN), and Subscriber Identification Module (SIM) cards with others. Mr Efeosa Edehen, Director Consumer Affairs Bureau, NC...

May 7, 2021 No Responses

Customs Apapa Command Generates N65.4b In April

The Nigeria Customs Service (NCS) Apapa Area Command on Thursday said it generated N65, 463, 398, 355.85 in April. The Area Controller of the command, Comptroller Ibrahim Yusuf, at a media briefing, noted that the record showed an increase of...