City BusinessNews, Author at City Business News

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 creation and youth empowerment were...

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...

July 27, 2019 No Responses

Michelin Records Eight Per Cent Decline In Net Income

Michelin’s firm pricing and cost-cutting lifted first-half revenue and operating earnings, the French tyre maker has said. However, the explained that profitability suffered from shrinking vehicle production. Net income fell 8% to 844 million euros ($940...

July 27, 2019 No Responses

Kia To Roll Out Seltos SUV July 31

South Korean auto major, Kia Motors is all set to roll out its first made in India mid-SUV, Kia Seltos, from its plant located in Anantapur in Andhra Pradesh on July 31. “Kia Motors will roll out the first car...

July 27, 2019 No Responses

CBN Injects $284.2m, CNY36m

The Central Bank of Nigeria (CBN), in the latest round of mediation in the inter-bank foreign exchange market, has injected the sum of $284.2million in the retail Secondary Market Intervention Sales (SMIS). This is in addition to CNY36.0million in the...

July 26, 2019 No Responses

NSE Unveils Investors Relations Data Pack

The Nigerian Stock Exchange (NSE) has unveiled Investor Relations (IR) Data Pack, an innovative and dynamic webpage integrated with key market data, corporate news and disclosures, for corporate issuers. NSE Investor Relations Data Pack is designed to re...

July 26, 2019 No Responses

Nissan To Sack 10,000 Workers

Nissan plans to cut more than 10,000 jobs globally, according to Japanese media reports. The move comes as a part of company’s path of turning around its business and indicates tough road ahead with management upheaval. In May, the company...

July 26, 2019 No Responses

FG, States, LGs Share N762.597b In June

The Federation Accounts Allocation Committee (FAAC) has shared a total of N762.597 billion to the three tiers of government for the month of June 2019. The N762.597 billion comprised revenue from Value Added Tax (VAT), Exchange Gain and Gross Statutory...

July 26, 2019 No Responses

Gbajabiamila: Nigeria Looks to Marine Resources for Economic Recovery

Nigeria’s rich maritime resources represent a vital economic safeguard and vehicle for the successful implementation of the President Muhammadu Buhari government’s Economic Recovery and Growth Plan (ERGP), which must be sustainably tapped, Speaker of the H...

July 26, 2019 No Responses

Photo News

L-R: Permanent Secretary, Federal Ministry of Environment, Dr Ibukun Odusote; Chairman, Nigerians in Diaspora Commission, Mrs Abike Dabiri-Erewa; Secretary to the Government of the Federation, Mr Boss Mustapha; and Division Head, Retail Banking, Fidelity Bank ...

July 25, 2019 No Responses

Presco Reward Shareholders With N2b Dividend For 2018

By Moses Ebosele, ebosele@hotmail.com — For the year ended December 31, 2018, Shareholders of Presco Plc on Wednesday approved proposal by the Board of Directors to pay N2billion dividend, amounting to 200kobo per share. The company within t...

July 25, 2019 No Responses

Fidelity Bank Photo News

L-R: Governor of Ondo State, Arakunrin Rotimi Akeredolu; Executive Director, Lagos & Southwest, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe; and regional bank head, South West 1, Fidelity bank plc, Adebayo Adeyinka when the Management of Fidelity Bank Plc p...

July 25, 2019 No Responses

MTN Appoints Ndukwe Chairman Designate As Dozie Retires

By Moses Ebosele, ebosele@hotmail.com — Foremost Telecoms firm, MTN on Wednesday announced the retirement of its board chairman, Pascal Dozie and five other non-executive directors . The company also announced the appointment of former Executive Vi...

July 25, 2019 No Responses

Nasarawa To Partner PAN On Locally Assembled Vehicles, Training

Nasarawa State Governor, Engr. Abdullahi A. Sule has described PAN Nigeria Limited, assemblers of Peugeot brand of vehicles, as “a pride of the Nigerian economy.” He made this remarks when a team of the Management of PAN led by General...