City BusinessNews, Author at City Business News

May 31, 2020 No Responses

Stockbrokers Implore Nigerians On FG’s N150b Sukuk

The Chartered Institute of Stockbrokers (CIS) has urged Nigerians to support the Federal Government’s growth initiatives by subscribing to its N150 billion Sukuk. The N150 billion Sukuk, a profitable financial instrument presently on sale to the investing public will expire...

May 31, 2020 No Responses

OPEC Mourns Baru, ex-GMD Of NNPC

The Organisation of Petroleum Exporting Countries (OPEC) has described the death of Dr Maikanti Baru, former Group Managing Director of NNPC as a huge loss to the oil and gas sector in Nigeria. Dr Mohammed Barkindo, Secretary-General, disclosed this in.....

May 31, 2020 No Responses

Nigeria Records 553 New Coronavirus Cases

The Nigeria Centre for Disease Control on Saturday announced the highest daily figure of confirmed coronavirus cases in Nigeria, with 553 new infections recorded. This brings the total number of confirmed cases in the country to 9, 855. The NCDC,...

May 31, 2020 No Responses

Fidelity Bank Partners ESLF On Support For Less Privileged In Benue

Fidelity Bank Plc has donated the sum of N10 million to Eunice Spring of Life Foundation (ESLF), a pet project of the Benue First Lady. According to the Bank, the donation would enable the organisation, in no small measure implement...

May 31, 2020 No Responses

FRSC Promotes Kazeem, Omeje, Others

The Federal Road Safety Commission Board, on thursday 29th May, 2020, approved the promotion of 10 Corps Commanders (CC) to the rank of Assistant Corps Marshal (ACM) and 32 Deputy Corps Commanders (DCC) to the rank of Corps Commander. The...

May 30, 2020 No Responses

Obasanjo,Kufour, Jonathan,Sirleaf, Others Rally Support For Adesina

No fewer than 15 former African Presidents on Friday rallied support for President of African Development Bank (AfDB), Dr Akinwumi Adesina. In a statement signed by the ex presidents, including Nigeria’s Olusegun Obasanjo and Goodluck Jonathan, the former le...

May 30, 2020 No Responses

AfDB: Why The US Is Targeting Akinwumi Adesina

The US and the African Development Bank have fallen out over allegations of corruption against the bank’s Nigerian head, writes former BBC Africa Business editor, Larry Madowo. Akinwumi Adesina is a sharp dresser known for his expensive tailored suits, i...

May 30, 2020 No Responses

Five Vessels Laden With Fuel, Wheat Await Anchorage At Delta Ports

Five vessels laden with fuel and Wheat are awaiting anchorage at the Delta Ports, the Nigerian Ports Authority (NPA) disclosed on Friday NPA in its daily report, Shipping Position explained that the ships were awaiting anchorage at the Escravos, Koko...

May 30, 2020 No Responses

Air Peace Evacuates 301 Chinese From Nigeria

Air Peace has evacuated 301 Chinese from the Murtala Muhammed International Airport (MMIA), Lagos to Guangzhou Baiyun International Airport, China’s most populous, commercial city. Mr Stanley Olisa, Spokesman of the airline, explained in a statement on Frida...

May 30, 2020 No Responses

Hyundai Institutes Task Force To Support Customers In Cyclone Affected Area

Hyundai Motor has formed a relief task force to support its customers impacted by cyclone Amphan in West Bengal of India.As part of the initiative, the company has positioned dedicated emergency roadside assistance service teams to support the cyclone affected...

May 30, 2020 No Responses

Nigeria’s Coronavirus Cases Climb To 9,302

The number of confirmed cases of coronavirus in Nigeria climed to 9,302 on Friday as 387 new infections were reported by the Nigeria Centre for Disease Control (NCDC) . According to NCDC, other details are: Lagos-254FCT-29Jigawa-24Edo-22O...

May 30, 2020 No Responses

Renault Sacks 15,000 Workers

French carmaker, Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in...

May 29, 2020 No Responses

10,000 Farmers To Benefit From World Bank Projects In Lagos

Not less than 10,000 farmers are to benefit from the World Bank-assisted Agro-processing, Productivity Enhancement and Livelihood Improvement Support Project (APPEALS) in Lagos State. The State Commissioner for Agriculture, Mr Gbolahan Lawal stated this during...

May 29, 2020 No Responses

Stallion Group Unveils Stallion Africar Multi-Brand Auto Sales Portal

By Moses Ebosele, ebosele@hotmail.com — Foremost conglomerate, Stallion Group Nigeria has unveiled its end-to-end digital multi brand portal identified as www.stallionafricar.com. The Multi-brand Auto giant believes that a sizable business wi...