City BusinessNews, Author at City Business News

October 30, 2019 No Responses

Fidelity Bank Declares N23b Profit In Q3

By citybusinessnews@yahoo.com — For the third quarter ended September 30, 2019, Fidelity Bank Plc has declared Gross Earnings of N161.4billion, an increase of 16.3 percent when compared to ₦138.7 billion reported in the same period in 2018. According to the...

October 30, 2019 No Responses

Techno Oil Boss Task Agencies On Importation Of Fake, Sub-Standard Cylinders

The Chief Executive Officer, Techno Oil Liquefied Petroleum Gas (LPG) cylinder manufacturing plant, Mrs Nkechi Obi has urged the Federal Government and relevant agencies to put measures in place to stop importation of fake and sub-standard cylinders. Spe...

October 30, 2019 No Responses

NPA Photo News

L-R:The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman decorating newly promoted Inspector Kabiru Jibrin, one of the security details to the MD. To the right is Inspector Olabode Ayebidun, another security aid during the ceremony at the N...

October 30, 2019 No Responses

Emefiele:N100b Needed To Revive Cotton, Textile, Garment Sub-sector

More than N100 billion is needed to revive Cotton, Textile and Garment (CTG) sub sector,the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said. Speaking after Memorandum of Understanding (MoU) signing ceremony with some critical s...

October 30, 2019 No Responses

Sterling Retail Loans Up 200%, Grows Net Interest Income By 19%

Sterling Bank Plc, a full-service national commercial bank, has reported a net interest income growth of N47.53 billion for the third quarter ended September 30, 2019 as against N39.834 billion for the corresponding period of 2018, representing a growth of...

October 30, 2019 No Responses

Peugeot, Fiat Chrysler In merger Talks

US-Italian auto giant Fiat Chrysler and France’s Peugeot are in merger talks that would yield an entity valued at about $50 billion, a person with knowledge of the matter told AFP on Tuesday. Carlos Tavares, the chief executive of Peugeot’s...

October 29, 2019 No Responses

Cameron LNG, Firms Seal Expansion MoU

As part of measures to take part in the Cameron LNG Phase 2 project, Sempra Energy and Japanese trader Mitsui & Company Limited have sealed a memorandum of understanding (MoU). Under the non-binding MoU, Mitsui would purchase up to one-third...

October 29, 2019 No Responses

Oyo Approves N526m As Running Costs For Primary, Secondary Schools

The Oyo Government has approved the release of N526 million as running costs for its 2,500 primary schools and 640 secondary schools. A statement issued on Monday by Mr Taiwo Adisa, Chief Press Secretary to Governor Seyi Makinde explained that...

October 29, 2019 No Responses

Fidelity Bank Donates Three Security Vans To Lagos Traders

As part of its Corporate Social Responsibility (CSR), Fidelity Bank Plc on Monday donated three security vans to traders in Lagos State under the umbrella of Auto Spare Parts and Machinery Dealers Association (ASPAMDA), Association of Progressive Traders (APT)...

October 29, 2019 No Responses

Photo News

Caption: President Muhammadu Buhari (4th right) with Governor of Zamfara State, Bello Muhammad Matawalle (3rd right); Minister of Solid Minerals, Arc. Olamilekan Adegbite (3rd left); President/CEO AfreximBank, Prof. Benedict Oramah (4th left); MD/CEO Heritage ...

October 29, 2019 No Responses

Mahindra Acquires Peugeot Motocycles

Mahindra & Mahindra (M&M) subsidiary, Mahindra Two Wheelers Europe is to fully acquire France-based Peugeot Motocycles (PMTC) for an undisclosed amount....

October 29, 2019 No Responses

NSE Photo News

L – R shows Mr. Jude Chiemeka, Head, Trading Business Division, NSE presenting a replica of the closing gong to Mrs. Jameelah Sharrieff-Ayedun, Chairman, Credit Bureau Association of Nigeria (CBAN) & Managing Director/CEO Credit Registry Plc during a Clo...

October 28, 2019 No Responses

Nigeria Seeks Future Investments In Riyadh

President Muhammadu Buhari will depart Abuja Monday for Riyadh, the Kingdom of Saudi Arabia, to attend the third edition of the Future Investment Initiative (FII) organised by Saudi’s Public Investment Fund (PIF). The three-day event will be held under the.....

October 28, 2019 No Responses

FirstMonie Network Hits 500,000 Customer Transactions Daily

First Bank of Nigeria Limited (FBN) FirstMonie network, introduced to boost financial inclusion, presently processes over 500,000 customer transactions daily. The bank’s Managing Director, Dr Adesola Adeduntan, disclosed this at the FBN’s agent banking nat...