City BusinessNews, Author at City Business News

August 6, 2020 No Responses

NEPZA Mulls Incentives, Loans For Firms In Free Trade Zones

Nigeria Export Processing Zones Authority (NEPZA) is considering incentives and loans for enterprises operating in Free Trade Zones (FTZ) in the country. Managing Director of the Agency, Prof. Adesoji Adesugba stated this in an interview with the News Agency of...

August 6, 2020 No Responses

Manchester United Move Into Europa League Last Eight

Former Europa League winners Manchester United booked a quarter-final spot in the tournament after their second-string side laboured to a 2-1 home win over LASK Linz on Wednesday to seal a 7-1 aggregate rout of the Austrian side. United’s reward...

August 5, 2020 No Responses

Shell Seals Charter Deals For Six LNG Carriers

Shell has expanded its fleet with charter deals for six newbuild liquefied natural gas (LNG) carriers. Shell signed separate agreements for two tankers each with Knutsen LNG, Korea Line Corporation, and ICBC Financial Leasing and institutional investors advi...

August 5, 2020 No Responses

Bristow Helicopters Sacks 100 Pilots, Engineers

Bristow Helicopters on Tuesday announced the sack of over 100 pilots and engineers. Bristow in a statement signed by its management explained that the development is based on the severe impact of COVID-19, adding that its business has been affected...

August 5, 2020 No Responses

Lagos Schools Comply With COVID-19 Protocols

Secondary Schools in Lagos State are complying with the COVID-19 prevention protocols, as students in exit classes resume. The News Agency of Nigeria (NAN) correspondents, who visited some schools in the state, report that water, soaps , alcohol-ba...

August 5, 2020 No Responses

Sule Condemns Killing Of Journalist, Others In Nasarawa State

Governor of Nasarawa State. Abdullahi Sule has condemned the killing of a former treasurer of the State’s Council of the Nigeria Union of Journalist (NUJ), Mr Benjamin Ekom, by unidentified gunmen. Mr Ekom, who was also former Secretary-General of the....

August 5, 2020 No Responses

Ford Motor’s CEO Steps Down

The Chief Executive Officer of Ford Motor Company, Jim Hackett, is stepping down on October 1 after three years at the helm. In a statement on Tuesday, the American multinational automaker said Hackett would be succeeded by Jim Farley, its...

August 5, 2020 No Responses

NPA Receives 22 Ships Laden With Petrol, Frozen Fish, Wheat, Others

The Nigerian Ports Authority (NPA) on Tuesday disclosed that 22 ships at the Lagos seaports were discharging petroleum products and food stuff. NPA in its publication, Shipping Position, explained that other contends are frozen fish, general cargo, containers,...

August 5, 2020 No Responses

Lagos First Lady Seeks Exclusive Breastfeeding

First Lady of Lagos State, Dr Ibijoke Sanwo-Olu, on Tuesday urged expectant and nursing mothers to embrace exclusive breastfeeding for the first six months after delivery. In a message to commemorate 2020 World Breastfeeding Week (WBW), Sanwo-Olu said th...

August 5, 2020 No Responses

Hyundai Acquires GM Plant

Russia’s Anti-Monopoly Service has approved Hyundai‘s acquisition of a General Motors factory in St Petersburg. Russia’s auto market has come under strain from the coronavirus crisis, which caused new car sales...

August 4, 2020 No Responses

LNG Projects Get $31.7m Financial Support From EU

Two Spanish LNG bunkering projects have received financial backing to the tune of €27 million ($31.7 million) from the European Commission. The funds have been secured through the Connecting Europe Facility (CEF) mechanism, which promotes more sustainab...

August 4, 2020 No Responses

Volkswagen Unveils Vehicle Assembly Facility In Ghana

Volkswagen is expanding its footprint in Sub-Sahara Africa with the official opening of vehicle assembly facility in Accra, Ghana. A statement issued by Head of Group Communications, Volkswagen Group South Africa, Andile Dlamini, sa...

August 4, 2020 No Responses

Sterling Bank reports 10% growth in half-year net interest income

Sterling Bank Plc, a full service national commercial bank has reported a net interest income of N33.5 billion during the half-year ended June 30, 2020, as against N30.4 billion during the corresponding period of 2019, representing a growth of 10.1...

August 4, 2020 No Responses

Custodian To Acquire 51% Stake In UPDC

The Custodian Investment Plc has signed a binding agreement with UAC of Nigeria Plc to purchase 51 per cent equity interest in UACN Property Development Company (UPDC) Plc. In a statement posted on the Nigerian Stock Exchange (NSE) website on...