Author: City BusinessNews

United Bank for Africa (UBA) Plc, on Thursday, announced that the services of its Chatbot, Leo is now available for customers on Apple Business Chat, where its users can communicate directly with businesses using the Messages app on iPhone and...

The United Kingdom based Federation of International Employers (FedEE) on Thursday decried the state of poverty in Africa.  In a release titled: ‘Why is Africa Poor?, the group said: “Most African countries have vast mineral resources, a rapidly growi...

Toyota Motor Corp on Thursday announced a 1 billion reais ($243.29 million) expansion at a plant in the Brazilian state of Sao Paulo, joining Volkswagen and General Motors in new investments in the region. Toyota said the funding would allow...

State-owned Qatar Petroleum and the Netherlands-based oil and gas company Shell are forming a joint venture for global LNG bunkering services. Signed by Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. on September 18, the agr...

President Muhammadu Buhari has approved the appointment of Dr. Mrs. Folashade Yemi-Esan as the Acting Head of the Civil Service of the Federation with immediate effect. In a statement signed by Mr. Willie Bassey, Director Information, Office of the Secretary.....

Qatar Airways reported a loss of 2.3 billion Qatari riyals or 639 million dollars on Wednesday for the year ended March 31, as it grappled with the second year of an embargo by neighbours that has restricted its air routes...

Heritage Bank Plc has again thrown its usual support behind the organizer of The Next Titan, so as to have a better and improved season six of the programme. This year’s edition of the reality TV show is again headlined...

The ongoing competition between Kia Seltos and Hyundai Creta in the Indian Sports Utility Vehicle (SUV) segment assumed a new dimension in the month of August, 2019. Within the month of August, Kia Seltos delivered 6,236 units to customers. The...

Domestic transactions in the Nigerian Stock Exchange (NSE) has declined by 66.68 per cent in 12 years, the News Agency of Nigeria (NAN) reports. The exchange said in its Domestic and Foreign Portfolio Investment (FPI) report released on Wednesday that...

The Central Bank of Nigeria on Wednesday granted approvals-in-principle (AIP) to three new Payment Service Banks (PSBs) in the country. The CBN spokesperson, Isaac Okorafor, said the new institutions, issued approvals in principle to operate as Payment Service...

With effect from Wednesday, September 18, 2019, cash deposits and withdrawals from individual bank accounts are to attract addition charges, the Central Bank of Nigeria said on Tuesday.  In a circular to all deposit money bank (DMBs), the Director, Paymen...

L-R: The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman presents a plaque to the Executive Secretary, NCDMB, Engr. SimbiKesiye Wabode  who paid a courtesy call on the Managing Director at the NPA Corporate Headquarters in Lagos.

The Federal Government has taken another determined step in its bid to recover over N5 Trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), with the formal inauguration of an inter-agency Committee to speedily resolve the challe...