City BusinessNews, Author at City Business News

November 2, 2019 No Responses

Emefiele: Edo Can Generate 200,000 Jobs From Palm Oil

(L-R) Prof Emmanuel Aluyor, Vice Chancellor of Edo University, Iyamho, Auchi, CBN Gov. Godwin Emefiele and Edo state Gov. Godwin Obaseki at the first Convocation lecture of the university Edo State can generate more than 200,000 jobs and millions of...

November 2, 2019 No Responses

Mahama To Deliver Realnews 7th Anniversary Lecture In Lagos

John Dramani Mahama, former President of the Republic of Ghana will deliver the Seventh Anniversary Lecture of Realnews Magazine on Tuesday, November 19, at the Sheraton Hotel, Lagos. “Beyond Politics: An Economic Narrative for West Africa” is the main top...

November 1, 2019 No Responses

India Records 12% Increase In Tyre Exports

The Automotive Tyre Manufacturers Association (ATMA) on Thursday revealed that Tyre exports from India increased by 12% in volume between April-August 2019. The India tyre exports hit double-digit growth between 2016-2017 when it increased by 16%. ...

November 1, 2019 No Responses

Customs Impounds N304m Smuggled Goods

The Federal Operations Unit of Nigeria Customs Service, Zone B Kaduna in August 2019 seized smuggled goods valued at over N304.39 million. Speaking on Thursday, Comptroller of the command, Mustafa Sarkin-Kebbi explained that the seizures were made from t...

November 1, 2019 No Responses

Kaduna To Export Ginger, Maize

The Kaduna State Government is working toward including ginger and maize as part of its export products in 2020. The Permanent Secretary, state Ministry of Agriculture, Alhaji Sabiu Sani disclosed this while defending the ministry’s 2020 budget before the Ho...

November 1, 2019 No Responses

Peugeot, Fiat Chrysler Boards Approve Merger

The Supervisory Board of Peugeot S.A. and the Board of Directors of Fiat Chrysler Automobiles (FCA) have each unanimously agreed to work towards a full combination of their respective businesses by way of a 50/50 merger. Both boards have given...

October 31, 2019 No Responses

MTN Nigeria Posts N856.48b Revenue In Nine months

MTN Nigeria Communications Plc has announced a revenue of N856.48 billion for nine months ended September 30, 2019. The unaudited result showed that the revenue represented a growth of 12.03 per cent when compared with N764.46 billion achieved in the...

October 31, 2019 No Responses

Union Bank Declares N15.2b Profit In Q3

Union Bank of Nigeria (UBN) Plc on Wednesday reported profit after tax of N15.2 billion for the nine months ended Sept. 30, 2019. The bank in a statement in Lagos said that the profit represented a growth of four per...

October 31, 2019 No Responses

Volkswagen, Siemens Launch Electric Vehicle In Rwanda

In a first for the African continent, the Volkswagen Brand has launched a pilot project in partnership with Siemens to test the feasibility of electric mobility in an African country. The pilot project, which will form part of Volkswagen’s operations...

October 31, 2019 No Responses

FG Approves N718.6m Mobile Security Scanner For Lagos port

The Federal Executive Council (FEC) has approved the sum of N718.6 million for the supply of one mobile security scanner at the Lagos Port Complex. The Minister of Information and Culture, Alhaji Lai Mohammed, who briefed State House correspondents after...

October 31, 2019 No Responses

Kaduna Raises Women Empowerment Fund to N1b

Kaduna State Governor, Nasir El-Rufai on Wednesday said the government would raise the State Women Empowerment Fund (KADSWEF) to N1 billion from 2021. The governor said this in Kaduna while opening the 4th Kaduna Women Economic Empowerment Summit. “We are...

October 31, 2019 No Responses

Alleged Murder: Court Remands Two FRSC Officials In Prison

Justice Ohimai Ovbiagele of Benin High Court on Wednesday remanded in prison custody two Federal Road Safety Commission ( FRSC) officials, Onotu Joseph, 33, and Francis Igboh, 35, for alleged murder of Mr Samuel Odion. Earlier, Police prosecutor, SP Peter...

October 31, 2019 No Responses

Ecobank Offers Free Access Charge On *326# USSD Short Code

Ecobank Nigeria has announced that access to its *326# Unstructured Supplementary Service Data (USSD) is at zero cost to the consumer. By this announcement an Ecobank customer who performs transactions on the bank’s platform by dialing *326# is free of...

October 31, 2019 No Responses

Pirelli Tyre Projects 2019 Revenue To €5.3b

Pireli Tyre has projected that its 2019 revenue would grow to 5.3 billion euros, 2,5 per cent higher than a previous guidance of between 1.5% and 2.5%. Under the arrangement, the company is expecting a full-year cash flow of between...