City BusinessNews, Author at City Business News

July 31, 2019 No Responses

CBN Boosts Wholesale Segment, Others With $210m

In its last intervention for the month of July, the Central Bank of Nigeria (CBN) has injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Tuesday, July 30, 2019, indicated that...

July 31, 2019 No Responses

Heritage Bank’s Training Institute gets CIBN accreditation As Refinery School

Heritage Bank Plc’s training school, known as The Refinery, for new entrant staff, has been accredited by the Governing Council of the Chartered Institute of Bankers of Nigeria. The Refinery, supervised by the Bank’s Human Capital Management Group, was acc...

July 30, 2019 No Responses

Union Bank Explains N12.1b Profit Before Tax

Union Bank of Nigeria (UBN) Plc has declared profit before tax of N12.1 billion for the half year ended June 30, 2019. The profit represented a growth of four per cent when compared with N11.7 billion achieved in the comparative...

July 30, 2019 No Responses

Photo News

L-R: Partner, PWC Experience Centre and Emerging Technologies, Femi Osinubi; Executive Director, Shared Services & Products, Fidelity Bank Plc, Chijioke Ugochukwu; Divisional Head, Managed SMEs, Fidelity Bank Plc, Osaigbovo Omorogbe; Group General Manager,...

July 30, 2019 No Responses

Uganda Unveils New Vehicle Production, Targets 5,000 Units

Uganda is aiming to start assembling new vehicles by June 2022, with an initial production capacity of 5,000 units per year, a top official of the state-owned Kiira Motors Corporation (KMC) told Reuters on Monday. The East African country joins...

July 29, 2019 No Responses

NAHCO Shareholders Get N406m Dividend For 2018

By Moses Ebosele, ebosele@hotmail.com — Shareholders of Nigerian Aviation Handling Company Plc (NAHCO Aviance) have endorsed proposal by the company’s Board to pay N406million dividend, amounting to 25 kobo per share for the year ended December 31, 201...

July 29, 2019 No Responses

Milk Importation: Experts Lauds CBN’s Policy On Forex Restriction

Economic experts have lauded the Central Bank of Nigeria (CBN) on its plan to put forex restriction on imported dairy products to the country. Some economic experts who spoke with the News Agency of Nigeria (NAN) in Abuja on Sunday...

July 29, 2019 No Responses

Expert Implores FG On Auto Policy, N2.5t Investments

By Moses Ebosele, ebosele@hotmail.com — Inability to secure presidential assent for Nigeria’s automotive policy is a direct threat to over N2.5trillion private sector investments, an automotive communication consultant, Dr Oscar Odiboh has said. ...

July 29, 2019 No Responses

NCAA Declares Air Peace Fleet Air-Worthy

The Nigerian Civil Aviation Authority (NCAA) on Sunday declared the fleet of aircraft owned and operated by Air Peace fleet as airworthy. A statement by Sam Adurogboye, the General Manager, Public Relations, noted that the agency made the decision after...

July 29, 2019 No Responses

SIFAX Group Wins BusinessDay Award

Another accolade has gone the way of SIFAX Group as the company recently bagged the prestigious Next Bulls Award of Nigeria’s premier business newspaper, BusinessDay. According to Mr. Frank Aigbogun, Publisher/CEO, BusinessDay, the award was conferred on the...

July 29, 2019 No Responses

Kia Motors Nigeria Seeks More Support For Auto Industry

By Moses Ebosele, ebosele@hotmail.com — As stakeholders in Nigeria awaits presidential assent for National Automotive Industry Development Plan (NAIDP), the Managing Director and Chief Executive Officer of Kia Motors Nigeria, Mr Jacky Hathiramani h...

July 28, 2019 No Responses

Total, Benin Seal LNG Import Floating Terminal Deal

French oil and gas company Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE) have signed a gas supply agreement and a host government agreement for the development of an LNG import floating terminal in Benin. The...

July 28, 2019 No Responses

At Tony Elumelu Entrepreneurship Forum, Job Creation, Youth Empowerment Take Cenre Stage

At the just concluded 5th edition of the Tony Elumelu Foundation (TEF) Entrepreneurship Forum, five African Presidents and thousands of young African entrepreneurs converged at the most influential gathering in the African entrepreneurship ecosystem. Job...

July 27, 2019 No Responses

UBA Pledges More Funding For SMEs

The United Bank for Africa Plc (UBA) has pledged more funding for the growth and development of Small and Medium Scale Enterprises (SME’s) in Africa. The General Managing Director, UBA, Mr Kennedy Uzoka disclosed this on Friday in Abuja at...