City BusinessNews, Author at City Business News

January 8, 2020 No Responses

SON To Prosecute Importers, Manufacturers, Distributors Of Substandard LPG Cylinders

The Standard Organisation of Nigeria (SON) says it will prosecute importers, manufacturers and distributors of substandard Liquefied Petroleum Gas (LPG) cylinders and other products as provided by law. The Director General (DG) SON, Osita Aboloma gave the warning on Tuesday...

January 8, 2020 No Responses

Kia Appoints Tae-Jin Park As Executive Director, Chief Sales officer

South Korean car manufacturer Kia Motors on Tuesday announced the appointment of Tae-Jin Park as Executive Director & Chief Sales Officer for the India market. Park will be responsible for driving Kia Motors’ Sales, Marketing, Service and Network D...

January 7, 2020 No Responses

UBA Africa Appoints Alawuba CEO

United Bank for Africa Plc (UBA) on Monday announced the appointment of Oliver Alawuba as Chief Executive Officer of UBA Africa, overseeing UBA’s operations in 20 countries in Africa ex-Nigeria. A statement signed by Group Company Secretary, Bili Odum ...

January 7, 2020 No Responses

Ekiti Takes Delivery Of N1.4b Water Equipment For Ero Dam

Ekiti State Governor, Dr Kayode Fayemi has taken delivery of water equipment worth N1.4Billion for the ongoing rehabilitation work at Ero dam, a project which the governor said would provide potable water for 10 local government areas of the State....

January 7, 2020 No Responses

Sifax Group Photo News

L-R: Vanessa Uansohia, Manager, Corporate Communications, Skyway Aviation Handling Company Plc; Olumuyiwa Akande, Group Head, Corporate Communications, SIFAX Group; Basil Agboarumi, Managing Director, Skyway Aviation Handling Company Plc; Rotimi Oladele (Ph.d)...

January 7, 2020 No Responses

NSE All-Share Index Records 1.38 Per Cent Growth

Activities on the Nigerian Stock Exchange (NSE) reopened for the week on Monday on a bullish trend with the All-Share Index crossing 27,000 mark following buying interest in Dangote Cement. Specifically, the index which opened at 26,968.79 inched 370.89 points...

January 6, 2020 No Responses

SEC Nigeria Explains Agenda For Derivatives Trading In 2020

Developing an efficient derivatives trading market is one of the top priorities of the Securities and Exchange Commission (SEC) in 2020, Acting Director General, Ms. Mary Uduk has said Derivatives are securities that derive their value from an underlying secur...

January 6, 2020 No Responses

Edo Earmarks N6b For Community Development Projects In 2020

The Edo State Governor, Mr. Godwin Obaseki has said his administration will commit N6 billion this year for the execution of development programmes across the 24 constituencies in Edo State. The governor, in a statement, reassured that the projects to...

January 6, 2020 No Responses

Daimler Recalls 744,000 Mercedes-Benz Vehicles

Citing faulty sunroof glass panel, German automaker, Daimler AG is to recall 744,000 Mercedes-Benz vehicles in the United States from the 2001 through 2011 model years The large recall covers more two dozen vehicles from C-Class, CLK-Class, CLS-Class and...

January 6, 2020 No Responses

Oyo To Procure 10 Modern Fire-Fighting Equipment

The Oyo State Government is set to acquire 10 modern fire-fighting equipment through a competitive bidding process. Prof. Raphael Afonja, the state Commissioner for Works and Transport, made this known in a statement issued by Mr Taiwo Adisa, the Chief...

January 5, 2020 No Responses

FAAN Closes Port Harcourt Airport

The Federal Airports Authority of Nigeria (FAAN) has announced the temporary closure of Port Harcourt International Airport runway following a bush fire incident near the area. The General Manager, Corporate Affairs, FAAN, Mrs Henrietta Yakubu, made the ...

January 5, 2020 No Responses

Police Confirm Five Persons killed in Kaduna Gas Explosion

The Kaduna Police Command has confirmed the death of five persons in the gas explosion at Sabon Tasha in Kaduna metropolis on Saturday afternoon. The Command’s Public Relations Officers, DSP Yakubu Sabo, made the confirmation in a press statement issued...

January 4, 2020 No Responses

Oil Prices Jump After Iranian General Killed By US

Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could escalate tensions in the region and affect global oil production. The price of Brent crude jumped by more than 3%...

January 4, 2020 No Responses

Kia Delivers 45,294 Seltos in Five Months

Between August and December 2019, Kia Motors India sold not less than 45,294 units of the new Seltos Sports Utility Vehicle (SUV). For the month of December, the carmaker sold 4,713 units. With 14,005 units sold in November 2019,...