Author: City BusinessNews

The German government will raise incentives for buying electric cars under its new climate plan, as well as raising road tolls for trucks from 2023 and pumping money into rail operator Deutsche Bahn, a climate policy document seen by Reuters...

The world’s second-largest cocoa producer, Ghana,  is to  produce 850,000 tonnes of cocoa in 2019/20 season. Ghana’s annual cocoa production is usually between 850,000 and 900,000 tonnes, although the country had an official forecast of 900,000 t...

The Department of Petroleum Resources (DPR) has sealed 12 filling stations in Sokoto and Kebbi states for under dispensing and operating without a valid licence. Muhammad Makera, the Zonal Operations Controller of DPR in charge of Sokoto and Kebbi states,...

The Nigerian National Petroleum Corporation (NNPC) will begin full rehabilitation of the nation’s three refineris by January 2020. The nation’s refineries are located in Port Harcourt, Warri and Kaduna. The Group Managing director Malam Mele Kyari disclose...

The Edo State Governor, Mr. Godwin Obaseki, will on Sunday, September 22, lead a retinue of high society icons in business, academia and politics to Emuado in Ekpoma, Edo state, for the 30th Memorial Day Celebration of former Governor of...

The head of commercial vehicles, Tata Motors International Business,  Rudrarup Maitra has described  South Africa as “strategically extremely important” to grow Tata’s footprint in the African continent.  Speaking during the unveil...

The Nigerian Senate might review the nation’s security architecture to address emerging security challenges across the country, the President of the Senate, Ahmad Lawan, has disclosed. According to Lawan, the proposed review would be carried out in collabora...

As an official partner of the 2019/20 UEFA Europa League season, Kia Motors Corporation has kicked off a series of inspiring and enthralling marketing activities with the aim of vivifying fan engagement throughout Europe and around the world. Under the...

The World Federation of Exchanges (WFE) has published a letter to the Commodity Futures Trading Commission (CFTC) concerning two proposals that stand to impact the supervision of non-US central counterparties (CCPs) – namely, its Proposal on the Registration...

The Central Bank of Nigeria (CBN) has committed about N30 billion to enhance Oil-palm production in the country. The CBN Governor, Mr Godwin Emefiele, disclosed this in a meeting with some state Governors in Abuja on Thursday. Emefiele explained that...

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment towards harnessing Nigeria’s abundant resources for the benefit of Nigerians. It’s Group Managing Director Malam Mele Kyari disclosed this while speaking at a Gas and Power Br...

The National Economic Council(NEC) on Thursday urged the Nigerian National Petroleum Corporation(NNPC) to engage the National Intelligence Agency(NIA) to identify markets for stolen products across the continent. Governor Godwin Obaseki made this known while b...

The Federal Account Allocation Committee (FAAC). today in Abuja at its meeting, shared to the Federal Government, States and Local Government Councils a sum total of N740.880 billion as federal allocation for the month of August 2019. From this amount,...