Author: City BusinessNews

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...

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...

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...

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...

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 ...

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...

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to deliver value across the entire value chain of the oil and gas industry for the benefit of Nigerians. NNPC Group Managing Director, Malam Mele Kyari ,gave the assurance in...

Total’s first large Liquefied Natural Gas (LNG) bunker vessel has been launched in China. According to the  French energy major, the vessel is slated for delivery in 2020 and will operate in Northern Europe where it will supply LNG to...

Nigeria must process export-bound agricultural products to add greater value, maximize income, the Internal Audit Director of the African Export-Import Bank, Mr Abel Osuji, has said.  Osuji gave the advice in Lagos on Saturday  while delivering a lec...

Renault has cut its revenue guidance for 2019 further and lowered its profitability forecast, citing difficulties in markets such as Turkey and Argentina as carmakers grapple with a broad-based slump in auto sales. Renault, which has just rejigged its top...

European shipowners have expressed concern about piracy in the Gulf of Guinea, urging policymakers to undertake concrete action to protect shipping through the region. The latest International Maritime Bureau (IMB)’s Piracy & Armed Robbery Report demonst...

By citybusinessnews@yahoo.com — The Nigerian Stock Exchange (NSE) on Friday listed on its daily official list Union Bank of Nigeria Plc’s N30billion bond.  In a notice to dealing members, Godstime Iwenekhai, Head, Listings Regulation Department ex...

Tata Motors, which owns Jaguar Land Rover (JLR), said it is open to finding partners for the automaker but isn’t planning on selling the embattled unit. “We’re not going to sell,” said N Chandrasekaran, chairman of Tata Sons, the holdin...