City BusinessNews, Author at City Business News

October 24, 2019 No Responses

Russia Pledges Support For Lagos-Calabar Rail Line

The Russian Government has agreed to support development of Nigeria’s rail infrastructure by constructing 1,400 kilometres track from Lagos to the South-South city of Calabar. The development was one of the agreements reached at a meeting between President Muhammadu Buhari...

October 24, 2019 No Responses

Group Seeks Repositioning Of Palm Oil Value Chain

A Non-Governmental Organisation (NGO), Solidaridad West Africa, on Wednesday in Abuja identified the need for Nigeria to set up mechanism to reposition the country’s oil palm value chain as part of measures to enhance rapid economic growth. According t...

October 24, 2019 No Responses

Zenith Bank Declares N150.72b Profit In Q3

Zenith International Bank Plc on Wednesday reported a profit after tax of N150.72 billion for nine months ended Sept. 30, 2019. The profit represented a growth of five per cent when compared to N144.18 billion achieved in the corresponding period...

October 24, 2019 No Responses

Alleged Extortion: Another 26 FRSC officials arrested

Another set of 26 officials of the Federal Road Safety Corps (FRSC) has been arrested for alleged extortion of motorists in different parts of the country. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) disclosed this in a...

October 24, 2019 No Responses

Photo News

L-R: Minister of state Power Mr. Jedy Agba, minister of state mines and steel development Mr. Uche Ogah and minister of Science and Technology Dr. Ogbonaya Onu, at Wednesday Federal Executive Council (FEC) Meeting, At the State House, Abuja

October 24, 2019 No Responses

NPA Photo News

Sitting from right are the Authority’s Executive Directors, Marine & Operations, Dr. Sokonte Huttin Davies, that of Engineering & Technical Services, Professor Abubakar Idris and other stakeholders during Lekki Deep Seaport Stakeholder meeting held i...

October 24, 2019 No Responses

REIGNITING THE LIGHTS OF SPECIAL MARSHALS

-ACM KAYODE OLAGUNJU PhD, FCILT, mni Zonal Commanding Officer, Zone RS 10 (Sokoto, Kebbi and Zamfara States) Zonal Headquarter, Sokoto (Being an address at the 2019 Special Marshals Sectorial Workshop Organized by RS10.2 Kebbi Sector Command on Thursday 24th O...

October 22, 2019 No Responses

U.S-Nigeria Trade Council Faults $3b Power Sector Loan

The U.S.-Nigeria Trade Council has advised the Federal Government to stop taking fresh loans, pointing out that the country “can’t afford it any longer”. Reacting to the proposed $3billion power sector loan from the World Bank, the council explaine...

October 22, 2019 No Responses

Exxon Mobil Accused Of Misleading Investors

An unprecedented climate change lawsuit against American oil giant Exxon Mobil is set to go ahead in New York. The state has accused the company of misleading investors about the potential costs of climate regulation to its business. Exxon says...

October 22, 2019 No Responses

Kia Employs 1,000 New Staff As Bookings For Seltos Exceed Expectations

Enthused by the sustained bookings for Seltos SUVs which have crossed 60,000 units, Kia Motors has started its second shift at Anantapur facility in Andhra Pradesh in India to take the capacity to over 15,000 units a month by adding...

October 21, 2019 No Responses

Controversy Trails Makinde’s N8b Iwo Road Project

The Oyo State chapter of the All Progressives Congress (APC) has criticised plan by the Governor Seyi Makinde-led administration to spend N8 billion on a proposed reconstruction of the popular Iwo Road interchange in Ibadan, the state capital. The...

October 21, 2019 No Responses

Nigeria To Secure $3b Power Sector Loan

The Minister of Finance, Mrs Zainab Ahmed, on Sunday said the Federal Government’s request for a World Bank loan to finance the power sector was at the verge of being granted. Ahmed stated this at a media briefing on activities...

October 21, 2019 No Responses

Photo News

Left to Right: Director General, West African Monetary Institute, Dr. Ngozi Egbuna, Deputy Governor, Central Bank of Nigeria, Mrs Aisha Ahmad and Acting Director General, Securities and Exchange Commission (SEC) on Sunday at the ongoing annual meetings of the ...

October 21, 2019 No Responses

Nigeria Pledges Full Support For 2019 AFRIMA

The Federal Government has pledged its full support for the successful hosting of the 2019 All Africa Music Awards (AFRIMA), as the country prepares to host the glamorous event in Lagos 20-23 November 2019, with the theme: ”Feel Africa”. The...