City BusinessNews, Author at City Business News

March 9, 2020 No Responses

NEPZA Partners World Bank On Capacity Building, Infrastructural Development

The Nigeria Export Processing Zones Authority (NEPZA) is to partner World Bank and International Financial Cooperation (IFC) on staff capacity building and infrastructural development for Free Trade Zones in the country. NEPZA Acting Managing Director, Mr Bitrus Dawuk, explained in...

March 9, 2020 No Responses

FCT Targets N100bn Revenue In 2020

The Federal Capital Territory Internal Revenue Service (FCT IRS) has projected N100billion revenue in 2020. The Executive Chairman of FCT IRS, Mr Abdullahi Attah disclosed this in an interview with News Agency of Nigeria (NAN) in Abuja on Sunday. He...

March 9, 2020 No Responses

Jaguar Land Rover Records 85% Drop In Sales

Coronavirus outbreak has thrown a wrench into the works of Jaguar Land Rover’s recovery plan with its sales in China — the largest market for the UK-based luxury carmaker — crashing 85% in February. The drop in China sales was...

March 9, 2020 No Responses

Banks Brace For Coronavirus

Many of the City of London’s biggest institutions are taking steps to combat the spread of the coronavirus. On Monday many of JPMorgan’s UK-based staff are being temporarily moved to a different office. They’re not alone. Goldman Sachs last w...

March 9, 2020 No Responses

New Volkswagen Tiguan Allspace Debuts

Volkswagen family has announced the launch of its first Sports Utility Vehicle (SUV) of 2020, the Tiguan Allspace in India. Based on the MQB architecture, the Tiguan Allspace seven-seater SUV comes powered by a 2.0-litre TSI petrol engine, clubbed with.....

March 8, 2020 No Responses

Italy To Quarantine 16 Million People

Italy is set to lock down at least 16 million people in the region of Lombardy and in 11 other provinces in the north and east of the country. The mandatory quarantine will last until early April. The dramatic escalation...

March 8, 2020 No Responses

Tinubu Congratulates Osinbajo At 63

The All Progressive Congress (APC) National Leader, Asiwaju Bola Tinubu, has felicitated with the Vice President, Prof. Yemi Osinbajo, as he clocks 63 on March 8. Tinubu, in a congratulatory message issued by his Media Aide, Mr Tunde Rahman, on...

March 8, 2020 No Responses

Access Bank Declares 40k Final Dividend

Access Bank Plc is to pay a final dividend of 40kobo per share, bringing total dividend for the year ended December 31st, 2019 to 65kobo. Within the year under review, the bank recorded gross earnings of N666.75 billion, 26.10 per...

March 7, 2020 No Responses

AMCON Takes Over 72 Luxury Flats In Lagos

The Asset Management Corporation of Nigeria (AMCON) on Friday in Lagos State clampdown on the properties of 12 debtors owing the Federal Government N8.4billion. The operation took place simultaneously in Lekki, Apapa, Ikeja, Somolu and Kosofe areas...

March 7, 2020 No Responses

Nissan Unveils Agenda For New Qashquai SUV

Nissan on Friday unveiled plans to build its new Qashqai Sports Utility Vehicle (SUV) at its British factory despite warnings over Brexit. The Japanese carmaker has said that if Britain’s departure from the European Union leads to tariffs, its Euro...

March 7, 2020 No Responses

NSE Boss Advocates Gender Equality

The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr Oscar Onyema on Friday said gender equality was important to reduce employment and entrepreneurship gaps in the country. Onyema stated this at a symposium organised by the Exchange in Lagos t...

March 7, 2020 No Responses

Fidelity Bank To Bridge Finance Gaps For Women Entreprenuers, MSMEs

Fidelity Bank Plc on Friday expressed commitment to continuous support and development of women entrepreneurs to address the short-term financing needs of Micro, Small & Medium Enterprises (MSMEs). Mr Nnamdi Okonkwo, the bank’s Managing Director, stated ...

March 6, 2020 No Responses

Union Bank Explains First Dividend In Ten Years, Agenda For 2020

By Moses Ebosele, ebosele@hotmail.com — For the first time in more than ten years, Union Bank Nigeria Plc has set aside dividend for its shareholders. The 25kobo dividend is for the financial year ended December 31, 2019 and is based...

March 6, 2020 No Responses

Air Peace Takes Delivery Of New ERJ-145 Aircraft

By Moses Ebosele, ebosele@hotmail.com — Air Peace has taken delivery of a new ERJ-145 aircraft to help boost its domestic and regional operations. In a statement on Thursday, Senior Communications Executive of the airline, Mr Stanley Olisa explained that...