City BusinessNews, Author at City Business News

July 5, 2020 No Responses

GM Delivers 713,600 Units In China

General Motors vehicle sales in China dropped 5.3% between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world’s biggest auto market.China’s overall figure, which includes passenger...

July 4, 2020 No Responses

Heritage Bank Shuts Branch Over Suspected Coronavirus Case

Heritage Bank Plc has closed down an Experience Centre (branch) at Allen Avenue, Ikeja, Lagos State over “unconfirmed case” of Coronavirus. In a statement made available to Journalists and customers, the bank said a deep hygiene clean up has been...

July 4, 2020 No Responses

Nigeria Confirms 454 New Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC) has reported 454 new cases of Coronavirus (COVID-19), bringing the total numbers in the country to 27,564. . NCDC through its official twitter page on Friday explained that the 45...

July 4, 2020 No Responses

Five Crew Members Kidnapped In Cotonou

Five crew members of a general cargo ship Kota Budi have been kidnapped by armed men off Cotonou, Benin, Dryad Global said citing a high confidence source. The kidnapped crew, including the master, are all Chinese nationals. The multipurpose vessel,...

July 4, 2020 No Responses

Kwara Lauds BUA Group, Reiterates Campaign Against Coronavirus

Governor AbdulRahman AbdulRazaq of Kwara State has commended the BUA Group for donating three ambulance buses to the Kwara State Government A statement by the Governor’s Chief Press Secretary, Rafiu Ajakaye, on Friday explained that the donation came two mon...

July 4, 2020 No Responses

Air France To Sack 7,500 Workers

Air France-KLM plans to cut more than 7,500 jobs at its French arm as the airline industry reels from the coronavirus crisis. Europe’s second-biggest airline will cut 6,560 staff at Air France, with its regional French carrier Hop! losing 1,020...

July 4, 2020 No Responses

Daimler To Sell French Factory

Daimler will seek to sell its factory in Hambach, France, as part of an overhaul of its production system, the German carmaker said on Friday, prompting France’s finance minister to urge the company to reconsider.The move comes as the auto...

July 3, 2020 No Responses

FG Distributes Cashew Seeds, wheat, cocoa, Others To Kogi Farmers

The Federal Government has distributed 38,142 kilogramme of improved cashew seeds to Kogi farmers. Sabo Nanono, the Minister of Agriculture and Rural Development, made this known at the roll-out of inputs to farmers in Lokoja on Thursday, as part of...

July 3, 2020 No Responses

Nigeria Reports 626 New Coronavirus Cases

Nigeria on Thursday recorded 626 new coronavirus cases, bringing the total infections to 27,110. The Nigeria Centre for Disease Control (NCDC) made this known on its official twitter handle. NCDC also disclosed that Nigeria reported 13 deaths, &nbsp...

July 3, 2020 No Responses

NPA Welcomes Alleged Secret Account Investigations

The management of Nigerian Ports Authority (NPA) on Thursday welcomed House of Representatives resolve to investigates the alleged secret account with Unity Bank Plc. The House of Representatives on Thursday resolved to investigate the alleged secret acc...

July 3, 2020 No Responses

Lagos Begins Fund Disbursement To Abule-Egba Pipeline Explosion Victims

The Lagos State Government has commenced fund disbursement to Abule-Egba pipeline explosion victims residing at the Lagos State Emergency Management Agency (LASEMA) Relief Camp, Igando. Dr Olufemi Oke-Osanyintolu, Director- General of LASEMA, made this known i...

July 3, 2020 No Responses

Kia Delivers 7,275 Units In June

For the month of June, 2020, Kia Motors delivered 7,275 units in the Indian market. The Company sold 7,114 units of Seltos and 161 Carnivals.The South Korean SUV maker had sold 1,661 units in May 2020. Kookhyun Shim, MD & CEO, Kia...

July 2, 2020 No Responses

Turkey Probes Mercedes-Benz, BMW, Others

The Turkish Competition Board said on Wednesday that it launched an investigation into German carmakers Audi, Porsche, Volkswagen, Mercedes-Benz and BMW to determine whether they violated competition law.The competition board said findings regarding cla...

July 2, 2020 No Responses

Okonedo Replaces Oteh On Ecobank Board

Shareholders of Ecobank Transnational Incorporated (ETI) have elected Prof. Enase Okonedo and Mr Simon Dornoo as board members of the bank. A statement issued by Adenike Laoye, its Group Head Communication on Wednesday explained that the election took place at...