Author: City BusinessNews

In a first for the African continent, the Volkswagen Brand has launched a pilot project in partnership with Siemens to test the feasibility of electric mobility in an African country. The pilot project, which will form part of Volkswagen’s operations...

The Federal Executive Council (FEC) has approved the sum of N718.6 million for the supply of one mobile security scanner at the Lagos Port Complex. The Minister of Information and Culture, Alhaji Lai Mohammed, who briefed State House correspondents after...

Kaduna State Governor, Nasir El-Rufai on Wednesday said the government would raise the State Women Empowerment Fund (KADSWEF) to N1 billion from 2021. The governor said this in Kaduna while opening the 4th Kaduna Women Economic Empowerment Summit. “We are...

Justice Ohimai Ovbiagele of Benin High Court on Wednesday remanded in prison custody two Federal Road Safety Commission ( FRSC) officials, Onotu Joseph, 33, and Francis Igboh, 35, for alleged murder of Mr Samuel Odion. Earlier, Police prosecutor, SP Peter...

Ecobank Nigeria has announced that access to its *326# Unstructured Supplementary Service Data (USSD) is at zero cost to the consumer. By this announcement an Ecobank customer who performs transactions on the bank’s platform by dialing *326# is free of...

Pireli Tyre has projected that its 2019 revenue would grow to 5.3 billion euros, 2,5 per cent  higher than a previous guidance of between 1.5% and 2.5%.  Under the arrangement, the company is expecting  a full-year cash flow of between...

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 t...

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...

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...

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...

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...

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...

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...