City BusinessNews, Author at City Business News

November 7, 2019 No Responses

Oyo Targets N4b Monthly IGR

Oyo state government has set modalities in place to attain N4billion monthly internally-generated revenue by Decmber 2020. A statement issued on Wednesday by the State Ministry of Information, Culture and Tourism, quoted Mr John Adeleke, the Chairman, Oyo State Internal...

November 7, 2019 No Responses

Nigerian Army Begins Operation Crocodile Smile In Edo

The Nigerian Army 4 Brigade, Benin City, Edo State will commence a field Training Exercise, nicknamed “Exercise CROCODILE SMILE IV“ from November 8 to December 24, 2019. The Brigade’s Public Relations Officer, Maj. Ojo Adenegan on Wednesday in a st...

November 6, 2019 No Responses

FIRS Targets 80% Non-Oil Sector Revenue

The Federal Inland Revenue Service (FIRS) has predicted that non-oil sector will contribute 80 per cent of Nigeria’s revenue in the next three years. FIRS Head of Communications and Servicom Department, Mr Wahab Gbadamosi, made this known i...

November 6, 2019 No Responses

Audi To Increase Engine Production

Audi will increase the production of engines at its Hungarian factory to 2.25 million units next year, Hungarian Foreign Minister Peter Szijjarto has said. According to agency report, an Audi representative at the premium carmaker’s Ingolstadt head...

November 6, 2019 No Responses

Oyo Re-awards Moniya-Iseyin road for N9.9bn

The Oyo State government has approved N9.9 billion for the reconstruction of Moniya-Iseyin road. The State Commissioner for Works and Transport, Prof. Rapheal Afonja, disclosed this to newsmen on Tuesday in Ibadan shortly after the state Executive Council meet...

November 6, 2019 No Responses

Shipping Firm Loses Charter Deal

Greek shipowner Diana Shipping revealed that a time charter contract for one of its Post-Panamax bulkers has been canceled. Diana recently entered into the time charter deal for its ship Polymnia with Dubai-based Al Ghurair Resources International. “Chartere...

November 5, 2019 No Responses

Total Nigeria Staff, Gtbank, Access, Zenith, Others Seal $170m Eko Atlantic Project Partnership

By Moses Ebosele, ebosele@hotmail.com — Total E&P Nigeria Staff Multipurpose Co-operative Society Limited has secured 20,000Sq.m of land at the prestigious Eko Atlantic City. Located in the Victoria Island axis of Lagos State, Eko Atlantic City...

November 5, 2019 No Responses

How Co-operatives Aid Development in African Economies

–Total E&P Co-op as case study — The rapid advancement of mechanization from the mid-1700s to the early 1800s which is now considered as the Industrial Revolution, resulted in job losses for many skilled workers across Europe. The knock-on effe...

November 5, 2019 No Responses

Kia Joins Top Five Carmakers

South Korean carmaker, Kia Motors, which started its operations in India in August, has joined the list of top five carmakers in the country in terms of market share, leaving behind established players such as Toyota Kirloskar Motors and Honda...

November 5, 2019 No Responses

CBN Implores African Countries On Human Capital Development

As part of measures to compete globally, the Central Bank of Nigeria (CBN) on Monday urged African countries to invest in human capital development. The CBN Governor, Mr Godwin Emefiele, gave the advice at the ongoing African Economic Congress (AEC)...

November 5, 2019 No Responses

UBA Unveils Self-Printing Debit Card Machine At Lagos Trade Fair

As part of activities lined up for the ongoing Lagos International Trade Fair, United Bank for Africa (UBA) has unveiled self-printing debit machine. Speaking at the event, the Chief Executive Officer, UBA Africa, Victor Osadolor explained that technolo...

November 5, 2019 No Responses

Kaduna Sets Aside N3b To Construct Houses For Low Income Earners

Kaduna State Government has earmarked N3 billion for the construction of houses for low income earners in 2020. The Commissioner for Housing and Urban Development, Fausat Ibikunle made the disclosure while defending the ministry’s budget before t...

November 5, 2019 No Responses

PDP Tasks INEC On Credible Elections In Kogi, Bayelsa

The Peoples Democratic Party (PDP) has advised the Independent National Electoral Commission (INEC) to use Kogi and Bayelsa elections to demonstrate its commitment to free, fair and credible elections. PDP National Publicity Secretary, Mr Kola Ologbondiyan mad...

November 4, 2019 No Responses

Peugeot, Fiat Chrysler To Sign $50b Merger Deal In December

Fiat Chrysler and Peugeot owner PSA aim to sign a final merger agreement as early as the beginning of December. The two automakers explained last week that they planned to join forces in a 50-50 share merger to create the...