City BusinessNews, Author at City Business News

October 17, 2019 No Responses

New Oil, Gas Parks For Akwa Ibom, Bayelsa

The Federal Executive Council (FEC), on Wednesday in Abuja, approved the establishment of oil and gas parks in Akwa Ibom and Bayelsa states. Minister of State for Petroleum Resources, Timipre Sylva, disclosed this while briefing State House correspondents after FEC...

October 17, 2019 No Responses

New Kia Carnival MPV Debuts

Kia Motors has concluded plans to unveil new Carnival MPV also identified in some markets as Sedona. Available in seven-seater and eight-seater variants, the MPV measures 5.115 mm in length, 1,985 mm in width, 1,740 mm in height and it...

October 17, 2019 No Responses

Nigeria Deports Seven Koreans

The Nigerian Government has deported seven nationals of Democratic People’s Republic of Korea (DPRK) back to their country. Mr Sunday James, Public Relations’ Officer (PRO), Nigeria Immigration Service (NIS), disclosed this in a statement on Wednesday in A...

October 17, 2019 No Responses

First Bank Photo News

FinTech 3.0 (1): Callistus Obetta, Group Executive, Technology & Services, FirstBank; Gbenga Shobo, Deputy Managing Director, FirstBank; Victor Asemota, Founder, Swifta Systems & Services and Keynote Speaker at the event (FirstBank FinTech Summit 3.0);...

October 17, 2019 No Responses

Sifax Photo News

Middle: Tobi Afolabi, Executive Director, Ports & Cargo Handling Services Limited receiving Heritage For Life special recognition award from Chief Emeka Anyaoku, former Secretary General of the Commonwealth on behalf of Barr. (Dr.) Taiwo Afolabi, Group Exe...

October 17, 2019 No Responses

Shippers’ Council Visits Paediatric Hospital, Donates Items

The Nigerian Shippers Council (NSC) on Wednesday donated Single Motor Hospital Beds and other goods to Asiya Bayero Paediatric Hospital in Kano. According to the Executive Secretary of the NSC, Mr Hassan Bello, the gesture was necessary in order to...

October 17, 2019 No Responses

Skoda Reports 2.7% Drop In Sales

Skoda Auto global deliveries have dropped 2.7 per cent to 913,700 cars in the first nine months of 2019, compared to the same period last year. The slump in deliveries is majorly due to the declining sales in China, where...

October 16, 2019 No Responses

Shell Remits N720b To NDDC In 16 Years

Shell Petroleum Development Company of Nigeria (SPDC) and partners have remitted about $2 billion ( N720 billion) to the Niger Delta Development Commission (NDDC) in 16 years. SPDC’s General Manager, External Relations, Igo Weli, disclosed this on Tuesday at...

October 16, 2019 No Responses

Senate Probes PPRA Over Alleged Non Remittance Of 5% Pump Price Commission To FERMA

The Senate has directed its committees on Petroleum Downstream and National Planning to investigate within two weeks why the Petroleum Pricing Regulatory Agency (PPRA) failed to remit five per cent commission it charged on every litre of fuel to FERMA...

October 16, 2019 No Responses

Nigeria To Explore More Investment Opportunities In UAE

The Minister of Industry, Trade and Investment, Mr Richard Adebayo, has said that Nigeria would explore more investment opportunities in the United Arabic Emirate (UAE). According to a statement signed by Mr Julius Toba-Jegede, Special Assistant (Media) to the...

October 16, 2019 No Responses

Enugu Hands Over 65 Innoson Security Vehicles To Police

Governor Ifeanyi Ugwuanyi of Enugu State on Tuesday in Enugu handed over sixty five (65) patrol vans to the state command of the Nigeria Police to aid its security operations. The sixty five (65) patrol vans were among the 100...

October 16, 2019 No Responses

NSE Photo News

L-R: Uma Mxenge, Satrix SA; Fiona Ahimie, FBNQuest Securities Ltd; Jude Chiemeka, Head, Trading Business Division, The Nigerian Stock Exchange (NSE); Yusuf Wadee, Satrix SA and Omotola Imafidon, FBNQuest Securities Ltd during Satrix SA’s Nigerian no-de...

October 16, 2019 No Responses

Volkswagen Postpones Final Decision On Turkey Plant

Volkswagen has postponed the final decision whether to build a car plant in Turkey, the company said, amid international criticism of the country’s military operation in Syria and concerns about potential reputational fallout. “We are carefully mon...

October 15, 2019 No Responses

Firm Tackles CBN Over $285m Supreme Court Judgment

A communications firm, Interstella Communications Limited has urged the Central Bank of Nigeria (CBN) to obey a Supreme Court order by paying them $285 million judgment sum for alleged breach of contract. The News Agency of Nigeria (NAN) reports that...