Author: City BusinessNews

Hong Kong-based Seaspan Corporation has signed an agreement to buy a fleet of six containerships for USD 380 million in cash. The company explained that that the transaction is expected to be financed from additional borrowings as well as cash...

President of the International Olympic Committee (IOC), Dr Thomas Bach, has urged the Federal Government (FG) of Nigeria to strengthen grassroots sports development and infrastructure in order to produce more Olympic champions. Bach gave the advice on Thursday...

Nissan Motor Company has reported 70% drop in profit. The company has also cut its full-year outlook to an 11-year low, as the Japanese automaker continued to grapple with falling sales and the aftermath of the ouster of former Chairman...

L-R: – Iyaloja of Bodija Market, Alhaja Sikiratu Adebayo; Divisional Head, Retail Group, Fidelity Bank Plc, Richard Madiebo; Regional Bank Head, Southwest 1, Fidelity Bank Plc, Adebayo Adeyinka; Babaloja of Bodija Market, Alhaji S.A. Jimoh; Executive Dir...

Japanese two-wheeler manufacturer, Yamaha on Wednesday declared increase of 0.5 per cent in its consolidated net sales, amounting to 1.2billion Yen.   Yamaha is also recalling 13,348 units of FZ 25 and Fazer 25 in order to fix a faulty...

The Federal Executive Council (FEC) presided over by Vice President Yemi Osinbajo has approved the sum of N1.7 billion for the construction of jetty at the Bonny Island in Rivers.Minister of State for Transportation Gbemisola Saraki made the disclosure while.....

The Katsina State Government has set aside N5 billion for classroom, toilet rehabilitation and provision of water in schools across the state. Governor Aminu Masari disclosed this while declaring State of Emergency on Water and Environmental Sanitation in the ...

Governor Godwin Obaseki of Edo on Wednesday presented a budget of N177 billion for 2020 to the state House of Assembly for approval.  The budget is 3.34 per cent higher than the 2019 figure of N175 billion. The budget has...

Fidelity Bank Plc on Wednesday flagged off the maiden edition of its Get Alert In Millions (GAIM) Season 4 savings promo draw in Ibadan, Oyo State, splashing 13 customers across the nation with N15 million and other consolation prizes. The...

Governor Oluwarotimi Akeredolu of Ondo State on Wednesday dissolved the Task Force on Farmers Registration with immediate effect. Mr Olusegun Ajiboye, Chief Press Secretary to the governor, in a statement in Akure, advised members of the dissolved Task Force t...

The Chairman of the Association of African Maritime Administrations (AAMA) and Director General, Nigerian Maritime Administration And Safety Agency (NIMASA), Dr. Dakuku Peterside has stated that intercontinental collaboration is essential to the growth of mari...

L-R:  South African President, Cyril Ramaphosa; Premier of Gauteng; David Makhura, Ekiti State Governor; Dr. Kayode Fayemi; and President, Africa Development Bank, Dr Akinwunmi  Adesina; at the Africa Investment Forum in Johannesburg, South Africa.

The Group Managing Director of  Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has challenged the board  and  managementg of  NNPC Retail Limited to ensure the delivery of unadulterated products to motorists nationwide. K...