City BusinessNews, Author at City Business News

September 7, 2019 No Responses

Fertilizer Market In Nigeria, Tanzania Get $54m Boost

The African Development Bank and the African Fertilizer and Agribusiness Partnership (AFAP) have signed two grant agreements to implement trade credit guarantees worth $5.4 million to support fertilizer value chains in Nigeria and Tanzania, potentially benefitting hundreds of thousands of...

September 7, 2019 No Responses

Seaport Gets New Terminal, Additional Berths

Ukraine’s Port of Chornomorsk is set to undergo an upgrade worth over UAH 3 billion (USD 118.8 million), receiving a new grain terminal and additional berths. The investment is part of a public private partnership between state-owned Ukrainian Sea Ports...

September 7, 2019 No Responses

CBN Injects $321.11m, CNY 33.3m Into Retail SMIS

The Central Bank of Nigeria (CBN) has made another intervention in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $321, 112,537.31. Figures obtained from the CBN on Friday,September 6, 2019, indicated that the sum of CNY33, 304,365.10...

September 7, 2019 No Responses

Peugeot Restructures Joint Venture

Peugeot automaker, PSA Group and its Chinese partner Dongfeng Group have concluded a plan to restructure their joint venture operations, slashing costs in the short term and aiming to boost annual sales to 400,000 vehicles by 2025. Dongfeng Peugeot...

September 7, 2019 No Responses

SIFAX Group Photo News

L-R: Oba Olusanya Dosunmu, Olowu of Owu and Chairman of SIFAX Group inducting Barr. (Dr.) Taiwo Afolabi (MON), Group Executive Vice Chairman, SIFAX Group as an Ambassador/Patron of the Senior Citizens Care Foundation. With them is Prince Bola Ajibola, Chairman...

September 7, 2019 No Responses

Mugabe, Indomitable Fighter For Liberation Of Zimbabwe, Says Obasanjo

Former President Olusegun Obasanjo has described the late former President of Zimbabwe, Robert Mugabe, as an indomitable fighter, who contributed to the liberation of his country from apartheid and oppressive radicalism. Obasanjo said this in a condolence lett...

September 7, 2019 No Responses

PDP Decries Invasion Of Umahi’s Residence

The Peoples Democratic Party (PDP) has called on the Inspector-General of Police, Mohammed Adamu, to immediately apprehend those behind the invasion of the Abuja residence of Ebonyi Gov. Dave Umahi. The party, in a statement by its National Publicity Secretary...

September 7, 2019 No Responses

Photo News

President Muhammadu Buhari (middle) All Progressives Congress (APC) National Chairman Mr. Adams Oshiomhole (right) And Kogi State Governor Alhaji Yaya Bello (left) During A Visist To The State House Abuja, On Friday

September 7, 2019 No Responses

Xenophobia: Nigeria Insists On Compensation For Victims

Minister of Foreign Affairs, Mr Geoffrey Onyeama, says that the Federal Government will demand that victims of the xenophobic attacks on Nigerians in South Africa be compensated by that country. Onyeama who said this after a closed door meeting with...

September 7, 2019 No Responses

Mercedes-Benz Delivers 177,819 Vehicles In August

With sales of 177,819 cars in August, Mercedes-Benz posted double-digit growth (+14.0%) for the second time in succession. At the same time, a new record was set for the month of August. Double-digit sales growth in all three regions –...

September 7, 2019 No Responses

Kia Pegas Drives Into Middle East

Kia has unveiled the new compact Pegas in the Middle East. Spacious, economical and highly practical, the new Kia Pegas compact sedan is already on-sale across the region. Entirely new to the region, the Kia Pegas is a smart option...

September 6, 2019 No Responses

New Mercedes-Benz CLA Debuts In Nigeria

By Moses Ebosele, ebosele@hotmail.com — Weststar Associates Limited, authorized General Distributor of Mercedes-Benz in Nigeria has announced the arrival of the all-new CLA. Building on the success of the first generation CLA, which sold o...

September 6, 2019 No Responses

NSE Downgrades Oando Plc

The Nigerian Stock Exchange (NSE) has announced the reclassification of Oando Plc from Medium Priced Stock to Low Priced Stock effective Thursday, September 5, 2019. According to NSE, this is in compliance to Rule 15.29: Pricing Methodology, Rulebook of ...

September 6, 2019 No Responses

APC Advises Nigerian Govt To Nationalise South African Firms

The National Chairman of the ruling All Progressives Congress (APC) has advised the federal government to take steps to nationalise all South African companies operating in Nigeria to protest the xenophobic attacks on Nigerians. Oshiomhole, who gave the advice...