City BusinessNews, Author at City Business News

October 12, 2019 No Responses

NNPC, NLNG Sign $2.5b Gas Supply Contract

The Nigerian National Petroleum Corporation (NNPC) on Friday signed a $2.5 billion pre-payment agreement with the Nigeria Liquefied Natural Gas (NLNG) for upstream gas development projects to supply gas to Trains 1 to 6 of the plant. Speaking at the...

October 12, 2019 No Responses

Michelin To Close Tyre Factory

Foremost Tyre manufacturer, Michelin has concluded plans to close a French-based factory with 619 employees next year as competition from cheaper Asian manufacturers knocks its profit margin. Two weeks ago, the French company announced the closure of a factory...

October 12, 2019 No Responses

First Bank Boss At Edinburgh Conference, Reiterates Commitment to Financial Inclusion In Nigeria

By citybusinessnews@yahoo.com — As part of the Bank’s financial inclusion and global thought leadership drive, the Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan participated in the 2019 Global Leaders Interactive pa...

October 12, 2019 No Responses

Fidelity Bank Canvasses Better Data Sharing In Retail Growth

The Executive Director, Operations and Information, Fidelity Bank Plc, Gbolahan Joshua has advised data validation agencies and organisations to adopt appropriate policies that provide financial institutions with the required flexibility to utilise available c...

October 12, 2019 No Responses

Photo News

SIFAX Group staff led by Mr. Abayomi Obadare, General Manager, Billing and shipping agents at the 2019 International Customer Service Week celebration which was organized by Ports & Cargo Handling Services Limited.

October 10, 2019 No Responses

Obasanjo Urges DR Congo To Invest In Agriculture

Former Nigerian President, Chief Olusegun Obasanjo has called on the Democratic Republic of Congo (DRC) to invest in agriculture and particularly cassava, soybean, cowpea and plantain to help Africa cut down annual food imports that is estimated at $50billion....

October 10, 2019 No Responses

NPA: Concerned Pensioners Not Known To Any Nigerian Law

The management of Nigerian Ports Authority (NPA) on Wednesday rejected what it described as “blackmail of a section of its former workers who have assembled under the name; Nigerian Ports Authority Concerned Pensioners (NPACP), a group that is not known...

October 10, 2019 No Responses

Toyota Unveils Self-Driving Shuttle For 2020 Olympic Games

Toyota on Wednesday revealed the version of its e-Palette self-driving shuttle that will be used to transport athletes during the 2020 Olympic Games in Tokyo. The e-Palette was first shown as a concept in early 2018 and is essentially an...

October 10, 2019 No Responses

World Federation Of Exchanges Elects Four Board Directors

At the 59th General Assembly in Singapore on Wednesday , the World Federation of Exchanges (WFE) elected four Directors of the Board. The four elected Directors of the Board are: Mr Greg Wojciechowski, President & CEO, Bermuda Stock Excha...

October 9, 2019 No Responses

Airtel Africa, Mastercard Seal Digital Payments Partnership

By citybusinessnews@yahoo.com AirtelAfrica on Tuesday announced partnership with Mastercard, giving over 100 million Airtel Africa mobile phone users across 14 African countries access to Mastercard’s global network. A statement explained that the Mast...

October 9, 2019 No Responses

Samsung Secures $920m Contract For Six Evergreen Containerhips

South Korea’s Samsung Heavy Industries has signed shipbuilding deals for Evergreen’s latest ultra-large containerships, valued at a total of USD 920 million. The order was placed for the construction of six of the world’s largest container ships, with a ...

October 9, 2019 No Responses

Nissan Appoints Uchida CEO

Nissan Motors on Tuesday announced the appointment of a new chief executive to lead the embattled Japanese automaker as it tries to recover from deteriorating profits and crumbling leadership. The new chief, Makoto Uchida, has worked at the company since...

October 8, 2019 No Responses

Buhari Tasks NESG On Economic Growth

President Muhammadu Buhari on Monday challenged Nigerian economists to come up with innovative, productive and made-in-Nigeria ideas as part of measures to grow the economy. Speaking at the 25th editions of Nigerian Economic Summit (NES25) in Abuja...

October 8, 2019 No Responses

Lawan Harps On Collaboration In Governance

President of the Senate, Ahmad Lawan, has said a partnership between State Governors and the National Assembly would redefine good governance in the interest of Nigerians. Lawan stated this when members of the Progressive Governor’s Forum comprisin...