City BusinessNews, Author at City Business News

January 16, 2020 No Responses

Mercedes-Benz Delivers 2,339,562 Cars In 2019

The year 2019 was the ninth consecutive record year for Mercedes-Benz, with growth of 1.3% to a total of 2,339,562units delivered worldwide. At the same time, Mercedes-Benz maintained its leading position among the luxury car brands for the fourth year...

January 15, 2020 No Responses

Labour Faults Increase In VAT

The Trade Union Congress of Nigeria (TUC) has described increase in the Value Added Tax (VAT) from 5.0 per cent to 7.5 per cent by the Federal Government “as a deliberate attempt to further overburden the common man and stifle...

January 15, 2020 No Responses

Kia Unveils $25b Expansion Agenda

South Korean carmaker, Kia Motors on Tuesday announced plans to invest $25 billion in new electric vehicles and business diversification worldwide in the next six years. Kia is also adding its K5 sedan and Sorento SUV to the existing electric...

January 15, 2020 No Responses

Navy Impounds 1,439 Bags Of Smuggled Rice

The Nigerian Navy, Forward Operating Base, (FOB) Ibaka in Mbo, Akwa Ibom, has arrested six suspected smugglers, seized 1, 439 bags of smuggled rice between December 23, 2019, to January in the state. Peter Yilme, the Commanding Officer of FOB,...

January 15, 2020 No Responses

Shippers’ Council Seeks optimisation Of Lilypond Park

The Nigerian Shippers’ Council (NSC) on Tuesday called for proper optimisation of the Lilypond Park to reduce congestion on the Apapa port access roads. Mr Hassan Bello, NSC Executive Secretary, made the call at a stakeholders’ meeting in Lagos on...

January 14, 2020 No Responses

Farmers Caution Against Early Planting

Lagos recorded the first rainfall on Monday but some local farmers in the state urged their members to delay planting. Some farmers and motorists gave their opinion on the early rain in separate interviews with the News Agency of Nigeria...

January 14, 2020 No Responses

NSE Projects Outlook For 2020

The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr Oscar Onyema on Monday presented the key performance of the Exchange in 2019 and gave a prognosis for the market in the New Year 2020. Speaking at the event titled: 2019...

January 14, 2020 No Responses

Fayemi Flags Off Four Road Projects In Ekiti

Ekiti State Governor, Dr Kayode Fayemi, on Monday flagged off construction of four major roads linking seven local government areas of the State. The roads are Agbado-Ode-Isinbode- Omuo road linking Gbonyin and Ekiti East local government areas; Ilupeju- Ire- ...

January 14, 2020 No Responses

Munich Airport Records 48m Passengers In 2019

Between January and December, 2019, Munich Airport total traffic increased by 1.7 million, or 4 percent, to 47.9 million passengers. A statement explained that it was the largest increase posted by any German airport last year. For the Bavarian hub...

January 14, 2020 No Responses

MTN Appreciates Further On NSE

The Nigerian Stock Exchange (NSE) resumed trading for the week on Monday still on a bullish trend following investors’ interest in MTN Nigeria Communication due to the tax debt reprieve. The News Agency of Nigeria (NAN) reports that MTNN appreciated...

January 14, 2020 No Responses

Jaguar Land Rover Posts 557,706 Sales In 2019

Jaguar Land Rover (JLR) has posted a 6% fall in full-year sales after a challenging year in which its performance was hit by the weakening Chinese autos market and falling demand for diesel vehicles in Europe. Retail sales stood at...

January 13, 2020 No Responses

NDDC Begins Verification Of Projects

The Niger Delta Development Commission (NDDC) has inaugurated a 50-member committee to audit and document projects and contracts awarded in nine Niger Delta states. A statement issued on Sunday by Chijioke Amu-Nnadi, the commission’s Deputy Director, Corpora...

January 13, 2020 No Responses

SEC Boss: Market Regulation Now More Efficient with Technology

Regulation of the market in a technology driven era is now more efficient, Acting Director General, Securities and Exchange Commission (SEC), Ms. Mary Uduk has said According to Uduk, the Agency is stepping up use of Technology in regulation to...

January 13, 2020 No Responses

Photo News

Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside (middle); flanked by Executive Director, Operations, Engr. Rotimi Fashakin (second right); Executive Director, Finance and Administration, Dr. Bashir Jamoh (sec...