Author: City BusinessNews

The Nigeria Customs Service Board has promoted 2,508 officers to various ranks. The Customs’ Public Relations Officer, Mr Joseph Attah made this known in a statement in Abuja on Wednesday. Attah explained that the board also approved the appointment of...

The National Youth Service Corps (NYSC) has set aside N26 million to replace a Corps member’s amputated limbs in Kano state. The state NYSC Coordinator, Malam Ladan Baba disclosed this to Journalists on Wednesday when he led other officials of...

The Federation Accounts Allocation Committee (FAAC) on Wednesday shared a total of N702.058 billion to the three tiers of government for the month of October. This was announced in a communique read by Accountant General of the Federation, Mr Ahmed...

General Motors Company on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival bribed United Auto Workers (UAW) union officials over many years to corrupt the bargaining process and gain advantages, costing GM b...

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has tasked ExxonMobil and other International Oil Companies (IOCs) on strong collaboration to ensure efficient oil and gas sector in Nigeria. A statement signed by Alhaji Garba Deen Muhammad, ...

The Lagos State Government, through the Ministry of Education, has given approval for the establishment of 173 private schools across the state’s five divisions. The Commissioner for Education, Mrs Folasade Adefisayo, made this known while issuing letters of...

Kia Motors America’s (KMA) largest vehicle ever – the Telluride – has been awarded 2020 SUV of the Year by MotorTrend. With its comfortable and functional interior, the Telluride stood out as a well-rounded product that meets the needs of...

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 J...

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...

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...

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...

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...

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,...