City BusinessNews, Author at City Business News

August 20, 2019 No Responses

NSE Lists Greenwich Trust ETF

The Nigerian Stock Exchange (NSE) has listed Greenwich Alpha ETF on its Daily Official List. The Greenwich Alpha ETF units were listed at N100 each following an Initial Public Offer (IPO) on Monday, August 19, 2019. Greenwich Alpha is an...

August 19, 2019 No Responses

NNPC Picks BP Oil, Sahara, MRS, Duke, Others To Lift Crude

The Nigerian National Petroleum Corporation (NNPC) has announced winners of its 2019/2020 Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement. In a statement in Abuja on Sunday, the Corporation’s Group General Manager,...

August 19, 2019 No Responses

AIB Seeks Power To Investigate Road, Rail, Marine Accidents

The Commissioner, Accident Investigation Bureau (AIB), Akin Olateru, has disclosed that a bill to empower the bureau to investigate rail, road and marine accidents and serious incidents is currently before the Senate. Akin Olateru, who confirmed the developmen...

August 19, 2019 No Responses

Nigeria Faults Report On Food Importation Policy

The Presidency has described as untrue the Financial Times report suggesting that Nigeria has placed restrictions on importation of agricultural products into the country. News Agency of Nigeria (NAN) reports that the article with the headline; ”Muhammadu Bu...

August 19, 2019 No Responses

Toyota Delivers 2,303,495 Units In Three Months

Toyota Motor Corporation (TMC) has seen its global sales increased by 4% in the first quarter (April-June) of 2019 with 2,303,495 units. In its home market Japan, TMC sold a total of 555,291 units in this period, up by 44,952...

August 19, 2019 No Responses

Senate President Condemns Attack On Ekweremadu

The President of the Senate, Ahmad Lawan, has unreservedly condemned the shameful assault on former Deputy President of the Senate, Senator Ike Ekweremadu, on Saturday in Nuremberg, Germany. Senator Ekweremadu was to give a keynote address at the Second Igbo.....

August 19, 2019 No Responses

Auto Manufacturers To South Africa: Drop Import Tariff On Electric Vehicles

Nissan Motor Company, BMW AG and Volkswagen AG are among carmakers in talks to bring the electric-car revolution to South Africa. The industry is preparing a unified stance on electrification to present to the government by the end of the...

August 18, 2019 No Responses

ExxonMobil Hires LNG-Fueled Bunker Tanker

ExxonMobil Asia Pacific has signed a two-year time charter deal for Singapore’s first LNG-powered bunker tanker with Sinanju Tankers Holdings. Under the deal, the 7,990 dwt newbuilding, to be named Marine Vicky, will be committed to delivering ExxonMobil’s...

August 18, 2019 No Responses

Skoda Delivers 102,700 Units In July

Czech automaker Skoda has registered its best July sales last month with 102,700 units worldwide compared to 99,700 units in the same month last year, up by 31 per cent, informs the automaker in a release. High demand for the...

August 18, 2019 No Responses

Samsung Secures $186m LNG Carrier Deal

South Korean shipbuilder, Samsung Heavy Industries, has secured a deal to build a liquefied natural gas (LNG) carrier for an Asian customer. According to the builder’s stock exchange filing, the construction contract has a value of around KRW 225.5 billion.....

August 18, 2019 No Responses

FAAN To Close Enugu Airport Runway

The Federal Airports Authority of Nigeria (FAAN) has notified airlines and passengers that the runway at Akanu Ibiam International Airport, Enugu will be closed on August 24 for major repairs. FAAN’s General Manager, Corporate Affairs, Henrietta Yakubu, made...

August 17, 2019 No Responses

UK Firm Gets Court Order To Seize $9b Nigerian Assets

A British judge has ordered the Nigerian government to pay $9bn in assets to a gas firm, P&ID. The firm, P&ID, had reached a deal with the Nigerian government in 2010 to build a natural gas plant – but the...

August 17, 2019 No Responses

NPA Boss Implore Stakeholders On Improved Synergy, Efficiency

By citybusinessnews@yahoo.com — The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has implored stakeholders in the Port Industry to improve synergy as part of measures to boost efficiency. Speaking at the quarterly meeting ...

August 17, 2019 No Responses

NSE Photo News

L–R: Otunba Abimbola Ogunbanjo, National Council President, The Nigerian Stock Exchange (NSE); Dr. Olukayode Fayemi, CON, Executive Governor of Ekiti State and Oscar N. Onyema, OON, Chief Executive Officer, NSE during the presentation of the replica of the N...