City BusinessNews, Author at City Business News

May 5, 2021 No Responses

FIFA Expels Kenyan Club For Match Manipulation

The FIFA Disciplinary Committee has expelled Zoo FC from the Kenyan Premier League (2020/2021 season) as of the date of notification of this decision and to assign it to FKF Division One for the next season. FIFA said on Tuesday...

May 4, 2021 No Responses

LNG Cargoes Diverted As COVID-19 Crisis Dampens Demand

Liquefied natural gas (LNG) cargoes are being diverted away from ports in India as surging coronavirus cases hamper domestic gas demand, trade and shipping sources said on Monday.Six LNG tankers diverted away from India since April 20, changing the destinati...

May 4, 2021 No Responses

New Nissan Pathfinder Debuts

Nissan has rolled out new Nissan Pathfinder Sports Utility Vehicle (SUV). The 7-seater SUV builds upon the characteristics of its predecessors.Under the hood of the new Pathfinder is a 284-horsepower 3.5-liter Direct Injection V6 with 259 lb-ft of torque. The....

May 4, 2021 No Responses

Winners Emerge In Heritage Bank’s YNSPYRE, CREAM Platform April Draw

Heritage Bank has fulfilled its promises to support the Nigerian Creative Industry, as millionaires emerged from the YNSPYRE product in collaboration with the CREAM Platform. The YNSPYRE account holders who subscribed to the platform by dialing *745...

May 4, 2021 No Responses

Arik Air Reinstates Flights To Maiduguri

The management of Arik Air has reintroduced flights from Nnamdi Azikiwe Airport Abuja, to Maiduguri, the Borno State capital with effect from May 10. The Arik Air’s Chief Executive Officer, Capt. Roy Ilegbodu, explained in a statement on Monday that...

May 3, 2021 No Responses

Nigerian Traders In Ghana Seek End To Harassment

Nigerian traders in Ghana have urged the Federal Government to take urgent steps to stop the harassment Nigerians are being subjected to by Ghanaian authorities. President of the Nigerian Union of Traders Association in Ghana (NUTAG), Mr Chukwuemeka Nnaj...

May 3, 2021 No Responses

NGX Records N419b Growth In April

The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies. Specifically, the market capitalisation which closed trading in March at N20.428 trillion...

May 3, 2021 No Responses

UBA, Fidelity Bank, Stanbic IBTC Bank, Others Congratulate Presco On ICAN Merit Award

By Moses Ebosele, ebosele@hotmail.com — United Bank for Africa (UBA) Plc has congratulated Presco Plc for emerging recipient of the 2021 Institute of Chartered Accountant of Nigeria (ICAN) Merit Award in the Corporate Body Category. In a congratulat...

May 3, 2021 No Responses

South Korea Captures 31 Per Cent Of Global Electric Vehicle Battery Market In Q1

Three South Korean electric vehicle (EV) battery makers accounted for 31 percent of the global market in the first quarter, but their share has slipped since last year in the face of toughening competition with Chinese rivals, a market research firm said...

May 3, 2021 No Responses

Ford, BMW Lead $130m Investing Round In Solid-State Battery Startup

Ford Motor Co and BMW AG are leading a $130 million funding round in a solid-state battery startup, Solid Power, as carmakers push to lower the cost of electric vehicles by investing in the development of affordable but powerful rechargeable batteries, the ...

May 3, 2021 No Responses

Ministry Canvasses Support For Lekki Deep Seaport

By citybusinessnews@yahoo.com — Lekki Deep Seaport will be a significant game-changer in Nigeria’s Maritime economy with corresponding benefits to the West and Central sub-regions of Africa, the Permanent Secretary, Ministry of Transpor...

May 3, 2021 No Responses

MSC Rolls Out New Electronic Bill Of Lading

MSC Mediterranean Shipping Company is introducing an electronic bill of lading (eBL) for its customers, following a successful pilot phase. The company is using a solution on an independent blockchain platform WAVE BL. The system uses distributed ledger t...

May 3, 2021 No Responses

BPE Offers Five NIPP Gencos To Investors

The Bureau of Public Enterprises (BPE) has called on prospective investors to express interest in purchasing 100 per cent shareholding in any of the five power generation companies constructed under National Integrated Power Project (NIPP) listed for sale...

May 3, 2021 No Responses

Fidelity Bank Photo News

L-R: Non- Executive Director, Fidelity Bank Plc, Alhaji Isa Inuwa; Managing Director / Chief Executive Officer, Fidelity Bank Plc, Nneka Onyeali – Ikpe; Chairman, Board of Directors, Fidelity Bank Plc, Mustapha Chike- Obi; Company Secretary, Fidelity Bank Pl...