City BusinessNews, Author at City Business News

July 2, 2020 No Responses

ICC Elects First Black Female Global Board Executive

Information technology guru and founder of West Blue Consulting, Ms. Valentina Mintah has been elected to the Executive Board of the International Chamber of Commerce (ICC), at the recently held virtual 2020 World Council Meeting of the organization. Ms. Mintah,...

July 2, 2020 No Responses

Hyundai Delivers 21,320 Units In June

For the month of June, 2020, Hyundai Motor on Wednesday reported a decline of 49.2 percent at 21,320 units in Indian market, as against 42,007 units in the same period last year.The company’s exports for June 2020 stood at 5,500...

July 2, 2020 No Responses

Rape: Afe Babalola Recommends Castration

Legal luminary and founder of Afe Babalola University, Chief Afe Babalola (SAN), on Wednesday condemned the rising spate of rape cases, and called on the Federal Government to declare a state of emergency on rape matters. The elder statesman, in...

July 2, 2020 No Responses

Delta Tops List As Nigeria Confirms 790 New Coronavirus Cases

Nigeria on Wednesday recorded its highest daily figure of 790 Coronavirus cases, bringing the total infections to 26, 484. The Nigeria Centre for Disease Control (NCDC) made this known on its official twitter handle. NCDC explained that Nigeria also recor...

July 2, 2020 No Responses

Bello Reiterates Call For Automation At Seaport, Lauds APM Terminals

The Executive Secretary/Chief Executive Officer, Nigerian Shippers’ Council (NSC), Hassan Bello has commended APM Terminals Apapa for deploying new cargo handling equipment. Bello, who spoke during a courtesy visit to NSC...

July 1, 2020 No Responses

Conoil Records N139.8b Turnover, Declares N2 Dividend For 2019

For the financial year ended December 31, 2019, Conoil Plc recorded a turnover of N139.8 billion, representing an increase of 14.4 per cent when compared with N122.21 billion achieved in the corresponding period in 2018. In a statement on Tuesday,...

July 1, 2020 No Responses

Nigeria Confirms 561 New Coronavirus Cases, 17 Deaths

Nigeria has recorded 561 new cases of Coronavirus, bringing the total number of infections in the country to 25,694. The Nigeria Centre for Disease Control (NCDC) made the disclosure on Tuesday through its official Twitter handle. NCDC explained that the...

July 1, 2020 No Responses

FIRS Generates N66b From Stamp Duty In Five Months

Between January and May, this year, the Federal Inland Revenue Service (FIRS) generated the sum of N66 billion from stamp duty. In a statement on Tuesday, Abdullahi Ahmad, the FIRS Director, Communications and Liaison Department explained that the Executive Ch...

July 1, 2020 No Responses

NSE Reviews Pension Index

The Nigerian Stock Exchange (NSE), on Tuesday, announced the review of the eligibility criteria for the NSE Pension Index in line with changes in the regulatory and market requirements. Chairman, Index Governance Committee, Mr Abimbola Babalola, explained...

July 1, 2020 No Responses

Airtel Official Bags Five Years Jail For N2.2m Fraud

A Magistrates’ Court in Igbosere, Lagos, on Tuesday sentenced a customer service representative of Airtel Nigeria Ltd, Jeremiah Mustapha, to five years in correctional centre, for facilitating a N2.2 million fraud. Mustapha, 32, was arraigned on June 14, 201...

July 1, 2020 No Responses

LNG Tanker Collides With Car Carrier

A brand new LNG vessel owned by TMS Cardiff Gas has collided with Cido Shipping’s car carrier offshore Belgium’s Oostende. The 174,000-cbm Amberjack LNG and Grand Venus were in a “minor” collision on June 28 some 25 kilometers offshore the...

July 1, 2020 No Responses

Airbus To Sack 15,000 Workers

Aerospace giant Airbus says it plans to cut 15,000 jobs as it deals with the effects of the coronavirus crisis. It will cut 1,700 jobs in the UK, along with thousands more in Germany, Spain and elsewhere. The move is...

July 1, 2020 No Responses

FIFA Bans Former Top Official, Kattner, For 10 years

Soccer’s world governing body FIFA has banned Markus Kattner, a former leading official in the Zurich organisation, for 10 years. The sports governing body fined him one million Swiss francs ($1.06 million) after a probe into bonus payments. FIFA said...

July 1, 2020 No Responses

JLR Reveals New Defender Hard Top SUV

Jaguar Land Rover has revealed the 2021 Land Rover Defender Hard Top, ahead of the rugged 4×4 SUV’s launch later this year.A statement explained that Land Rover will revive its Hard Top moniker through the new commercial De...