Author: City BusinessNews

Access Bank Appoints Awosika Board Chairman
November 20, 2019 No Responses

Access Bank Appoints Awosika Board Chairman

The Board of Directors,  Access Bank Plc on Tuesday announced Dr Ajoritsedere Awosika as its new Chairman. The bank’s Company Secretary, Mr Sunday Ekwochi, explained in a statement Awosika would assume the position of the company’s Board Chairman on January ...
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Total DMD: Larger Portion Of Nigeria’s Oil, Gas Untapped
November 19, 2019 No Responses

Total DMD: Larger Portion Of Nigeria’s Oil, Gas Untapped

There are billions of barrels of oil and trillions cubic feet of gas yet to be discovered in Nigeria, Deputy Managing Director, Deep Water District of Total Exploration and Production Nigeria Limited, Mr Ahmadu Kida-Musa, has said.   Speaking on...
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Seplat Appoints New CEO
November 19, 2019 No Responses

Seplat Appoints New CEO

Seplat Plc has announced the retirement of Mr Austin Avuru  as its Chief Executive Officer, effective July 31, 2020.  In a statement issued on Monday by the Company Secretary, Edith Onwuchekwa, the company explained that Avuru would be replaced by...
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Pirelli Develops Tyre With 5G Network
November 19, 2019 No Responses

Pirelli Develops Tyre With 5G Network

Pirelli has developed a new smart tyre called Cyber Tyre, which communicates with 5G network and transmit data regarding the road surface. The company explained on Monday that the Cyber Tyre detects and transmits real-time information related to less than...
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NSE All-Share Index Down By 0.60%
November 19, 2019 No Responses

NSE All-Share Index Down By 0.60%

The Nigerian Stock Exchange (NSE) opened trading for the week on Monday with a loss of 0.60 per cent, amid profit taking as predicted by some market analysts. Speficially, the All Share Index shed 160.59 or 0.60 per cent to...
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Volkswagen Cuts Operating Profit, Sales
November 19, 2019 No Responses

Volkswagen Cuts Operating Profit, Sales

German carmaker Volkswagen on Monday cut its medium-term outlook for operating profit as the industry is being hit by a global downturn. VW now expects operating profit before special items to grow by at least 25% in the 2016-2020 period,...
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INEC Declares APC Winner Of Bayelsa Governorship Election
November 18, 2019 No Responses

INEC Declares APC Winner Of Bayelsa Governorship Election

The All Progressives Congress (APC) governorship candidate in Bayelsa State, David Lyon, has been declared winner of the Bayelsa State 2019 governorship election held on Saturday. The declaration was made  by Faraday Orumwese, Vice Chancellor of the Unive...
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NPA Faults Usage Of Secured Anchorage Area
November 18, 2019 No Responses

NPA Faults Usage Of Secured Anchorage Area

The crisis between Nigerian Ports Authority (NPA) and a group identified as Association of Professionals for Safety in Shipping in Nigeria (APOSSIN) has assumed a new dimension as NPA petitions relevant Federal Government agencies.  Already, the managemen...
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Ex-lawmaker Tasks Sanwo-Olu On Rail Development
November 18, 2019 No Responses

Ex-lawmaker Tasks Sanwo-Olu On Rail Development

A former Lagos lawmaker, Mr Dipo Olorunrinu, on Sunday called on Gov. Babajide Sanwo-Olu to invest in rail infrastructure in the state. Olorunrinu, who represented Amuwo-Odofin Constituency I in the 8th Lagos State House of Assembly, told the News Agency...
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Cassava: IITA, ACAI Train 30,000 Farmers On Weed Management
November 17, 2019 No Responses

Cassava: IITA, ACAI Train 30,000 Farmers On Weed Management

No fewer than 30,000 farmers from Abia, Benue, Oyo, Ogun and Osun states will benefit from the training on the six steps to cassava weed management and best planting practices in November. The training is put together by the International...
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Dana Air Airlifts 5.4m Passengers In 11 Years
November 17, 2019 No Responses

Dana Air Airlifts 5.4m Passengers In 11 Years

Dana Air airlifted not less than 5.4 million passengers in the last 11 years of its operations.  A statement issued on Saturday by the airline’s Media and Communications Manager, Mr Kingsley Ezenwa explained that the airline hopes to double the...
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Buhari Explains Reorganisation At Presidency
November 17, 2019 No Responses

Buhari Explains Reorganisation At Presidency

The ongoing reorganisation at the presidency is aimed at enhancing service delivery to Nigerians, President Muhammadu Buhari has said. A statement by the President’s spokesman, Malam Garba Shehu, in Abuja on Saturday, said the president stated this when he f...
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NYSC DG Lauds Border Closure
November 17, 2019 No Responses

NYSC DG Lauds Border Closure

The Director-General of the National Youth Service Corps (NYSC), Brig.-Gen. Shuaibu Ibrahim, has commended the Federal Government over its ongoing closure of the country’s land borders. Ibrahim made the commendation on the sidelines of his visit to inspect f...
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Ashok Leyland Unveils New Truck
November 17, 2019 No Responses

Ashok Leyland Unveils New Truck

Commercial vehicle major, Ashok Leyland has showcased its wide range of Bharat Stage (BS) VI trucks and buses. After receiving the certificates, confirming compliance to BS-VI emission standard, from Automotive Research Association of lndia (ARAI), Ashok Leyla...
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