City BusinessNews, Author at City Business News

February 8, 2020 No Responses

FIRS Targets N8.5tri Revenue In 2020

The Federal Inland Revenue Service (FIRS) is to attain N8.5 trillion revenue in 2020. The Executive Chairman of FIRS, Mr Muhammad Nami, disclosed this at the 2020 Corporate Plan Retreat in Abuja on Friday. Nami said that the 2020 target...

February 8, 2020 No Responses

Pirelli To Double Dealer Network

Italian tyre major, Pirelli has drawn up a plan to double its distribution network to 1,200 by the end of next year in India. The company, known for premium and prestige tyre range, majorly caters to cars and motorcycle segments....

February 7, 2020 No Responses

South African Airways Scraps More Routes

South Africa’s national carrier announced on Thursday that it will stop flying to a dozen national and international destinations as part of its restructuring effort. The airline explained would shut down its routes from Johannesburg to Abidjan, Entebbe, Gua...

February 7, 2020 No Responses

Suzuki Unveils New Vitara

Suzuki family on Thursday unveiled 2020 Vitara Sports Utility Vehicle (SUV) at the ongoing Auto Expo in India. The SUV comes with the 1.5-litre K-series BS-VI petrol engine. It will be offered in three new dual-tone color options: Red with...

February 7, 2020 No Responses

Buhari To Inaugurate Projects At Abuja Chamber Of Commerce And Industry

By citybusinessnews@yahoo.com — As a mark of his commitment towards supporting the Organised Private Sector (OPS), President Muhammadu Buhari,GCFR, is to inaugurate infrastructural projects at the Abuja Chamber of Commerce and Industry (ACCI) on Friday, ...

February 6, 2020 No Responses

FG Approves N65.9b For Road Projects

The Federal Executive Council (FEC) has approved N65.9 billion for road projects across the country. Briefing State House Correspondents on Wednesday, Minister of State for Works and Housing, Abubakar Aliyu, explained that the ministry presented two memos to t...

February 6, 2020 No Responses

Kogi Seeks $100m Loan

Kogi State Government on Wednesday announced its intention to borrow $100 million to finance some projects that would quicken the socio-economic development of the state. The state Commissioner for Finance, Budget and Economic Planning, Mr Idris Ashiru, told n...

February 6, 2020 No Responses

Hyundai Unveils New Tuscon

Hyundai Motor on Wednesday unveiled New 2020 Tuscon on the first day of Auto Expo 2020. The new 2020 Tuscon comes with 2.0-litre diesel and petrol engines. The Diesel engine is mated to a new 8-speed automatic transmission churning out...

February 5, 2020 No Responses

SON Destroys N480m Substandard Mobile Phone Accessories

The Standards Organisation of Nigeria (SON) has destroyed substandard mobile phone accessories worth N480 million. Director-General, Osita Aboloma, made this known at the destruction of the accessories in Epe, Lagos, on Tuesday. Aboloma, represented by Mr Obio...

February 5, 2020 No Responses

2020: Senate Passes N238.15b Budget For Customs

The Senate on Tuesday approved the sum of Two hundred and thirty-eight billion, One hundred and forty-nine million, Three hundred and Twenty-five thousand, Eight hundred and thirty-two Naira Seventy kobo (N238,149,325,832.70) for the Nigeria Customs Service fo...

February 5, 2020 No Responses

New Kia Sorento Leads Lagos City Marathon

The plan for the fifth edition of the Access Bank Lagos City Marathon sponsored by Kia Motors Nigeria is in top gear with the 2020 Kia Sorento ready to set the pace as the race official lead vehicle. Widely revered...

February 5, 2020 No Responses

Nigeria To Stop Fish Importation

As part of effort to encourage local production, Nigeria may stop fish importation in 2020. The Minister of Agriculture and Rural Development, Sabo Nanono made this known while receiving a delegation from the National Fish Association of Nigeria (NFAN) led...

February 4, 2020 No Responses

Nigeria Acquires Six Armoured Aircraft, Helicopters, Vessel, Others For Maritime Security

By Citybusinessnews@yahoo.com — As part of measures to comprehensively tackle insecurity on Nigeria’s territorial waters and exclusive economic zone, the Federal Government has concluded arrangement to deploy its integrated maritime security infrastruc...

February 4, 2020 No Responses

NSE Opens February Trading With N160b Loss

In spite of an influx of unaudited 2019 full year results, trading on the nation’s bourse opened for February on a bearish posture, as investors’ sentiment remained weak. Consequently, the NSE All-Share Index on Monday lost 310.13 points or 1.08...