City BusinessNews, Author at City Business News

March 4, 2020 No Responses

Agriculture Stakeholders Pledge To Tackle Corruption In Fertiliser Subsector

Agriculture stakeholders on Tuesday in Abuja promised to collaborate with relevant authorities to fight sharp practices in the fertiliser subsector. The stakeholders at the Public Presentation and unveiling of the National Fertiliser Quality (Control) Act, 2019, said the law was...

March 4, 2020 No Responses

Toyota Restructures Management Team

Toyota Motor Corporation is to scrap executive vice president (EVP) roles as part of measures to streamline the company’s structure, improve production systems and cut costs. Also on Tuesday, Toyota .named Kenta Kon as its next chief financial offi...

March 3, 2020 No Responses

British Airways, Ryanair Cancel Flights As Bookings Drop

British Airways and budget rival Ryanair have cancelled hundreds of flights as demand for travel drops amid fears about the spread of coronavirus. BA is cancelling 216 flights from 16-28 March from London to destinations including New York, Italy, France,...

March 3, 2020 No Responses

GTBank Declares N196.85b Profit, N2.50 Final Dividend For 2019

For the year ended December 31, 2019, Guaranty Bank Trust (GTBank) Plc on Monday declared profit of N196.85 billion and final dividend of N2.50 per share. According to the Bank, the profit after tax represented an increase of 6.6 per...

March 3, 2020 No Responses

Sanwo-Olu Commissions UBA Business Office

The United Bank for Africa (UBA) has officially added a new touch point to its network. UBA operates in 20 African countries and in the United Kingdom, the USA and France. The new branch in Afriland towers on the Lagos...

March 3, 2020 No Responses

Edo 2020: Sports Minister Rules Out Postponement Over Coronavirus

The Minister of Youths and Sports Development, Sunday Dare, on Monday said the 2020 National Sports Festival (NSF) would not be postponed due to the fear of the spread of coronavirus. Dare, who spoke through Peter Nelson, the ministry’s Director...

March 3, 2020 No Responses

Hyundai Delivers 275,044 Vehicles In February

For the Month of February, 2020, Hyundai Motor on Monday reported sales of 275,044 vehicles, 13% below 315,820 vehicles sold a year earlier,as the coronavirus outbreak hurt demand. South Korea’s Hyundai, which with affiliate Kia Motors is the world&#8217...

March 2, 2020 No Responses

Coronavirus: Lagos Decries Safety kits Price Hike

The Lagos State Government has decried the increase in prices of safety kits like hand sanitisers, face masks, among others by dealers, due to the incident of coronavirus in the state. Lagos State Governor, Babajide Sanwo-Olu condemned the act on...

March 2, 2020 No Responses

Hyundai Unveils New Grand i10

Hyundai Motor has unveiled new 1.0-litre turbo GDi engine variant of Grand i10 Nios hatchback in the Indian market. According to Hyundai, the Grand i10 Nios turbo is based on Sportz trim while the new BS-VI compliant 1.0-litre turbo-petrol engine...

March 2, 2020 No Responses

Senate To Facilitate Return Of SON To Seaports

The Senate Committee on Industries has restated its commitment to return the Standards Organisation of Nigeria (SON) officials to the nation’s seaports. The Chairman, Senate Committee on Industries, Sen. Bayo Osinowo, in a statement expressed displeasure at ...

March 2, 2020 No Responses

Shipping Experts Confident In Nigeria’s Antipiracy Fight

Major stakeholders in the international shipping community have said they are confident of the measures and satisfied with the effectiveness of Nigeria’s efforts to contain piracy and armed robbery on the country’s maritime environment. A statement issued ...

March 2, 2020 No Responses

Auto Manufacturers, Dealers Shift Marketing To Online Platforms

Car Manufacturers and Dealers are to present their new models on the internet especially online news platforms following the cancellation of the Geneva Motor Show because of the coronavirus epidemic. The announcement came after the Swiss government banned all ...

March 2, 2020 No Responses

Pa Kasumu Dies At 66

Veteran Nollywood actor, Kayode Odumosu, popularly known as Pa Kasumu has died after an illness. The news of his death was announced by Nollywood actress, Foluke Daramola through her Instagram account. According to Daramola, the news was broken to her...

March 1, 2020 No Responses

Dry Bulk Shipping CEO Steps Down

Torben Janholt, Chief Executive Officer of the dry bulk shipping company Pioneer Marine Inc. is retiring from his role effective March 1, 2020. He has been a member of the Pioneer Marine board of directors since 2013. “I have decided...