City BusinessNews, Author at City Business News

May 18, 2019 No Responses

MTN, First Bank, Access Bank, UBA, GTBank, Others Seal N200b Loan Deal

MTN Nigeria Communications Plc on Friday signed a seven-year 200 billion naira medium term facility with a consortium of seven mostly local banks. The company stated this in a statement by its Company Secretary, Uto Ukpanah, to the Nigerian Stock...

May 18, 2019 No Responses

Michelin Acquires Masternaut

French tyre maker Michelin has agreed to buy telematics company Masternaut for an undisclosed amount, in a deal Michelin said would increase its presence in the field of customer services. According to Reuters, Masternaut manages over 220,0...

May 18, 2019 No Responses

NIMASA DG: Maritime Tourism Can Grow Nigeria’s Economy

Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has called for concerted effort by stakeholders towards the development of coastal and maritime tourism in Nigeria, saying when fully harnessed, the sect...

May 18, 2019 No Responses

Edo Inaugurates Agric Produce Development Committee

The Edo State Governor, Mr Godwin Obaseki, has inaugurated the seven-man Edo Agricultural Produce Development Strategy Implementation Committee, to drive the state government’s policies in repositioning the state as an agricultural produce hub. Spe...

May 17, 2019 No Responses

States To Share N649b Paris Club Refund

All is now set for States across Nigeria to share N649billion Final Tranche of Paris Club Refund. Briefing Journalists on Thursday in Abuja, Finance Minister, Mrs. Zainab Ahmed explained that debtor-states are expected to sett...

May 17, 2019 No Responses

NPA Photo News

The newly elected Executives of Senior Staff Association Statutory Corporations and Government Owned Companies (SSASCGOC), Maritime Branch on Thursday paid a courtesy call on the Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman at the NPA C...

May 17, 2019 No Responses

Dakuku Peterside: Nigerian Waters Now Safer

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said that piracy and other maritime crimes have reduced drastically in the Nigerian maritime domain, making it safer for investment. Contrary to ...

May 17, 2019 No Responses

Seplat Photo News

L-R: Mr. Austin Avuru, Chief Executive Officer, Seplat Petroleum Development Company Plc; Company’s Secretary, Mrs. Mirian Kachikwu; Dr. A.B.C. Orjiako, Chairman; Mr. Roger Brown, Chief Financial Officer, during the company’s 6th Annual General Meetin...

May 17, 2019 No Responses

Yamaha Attains 10 Million Production Milestone

Foremost Japanese two-wheeler manufacturer, Yamaha Motor has achieved 10 million production milestone in India. The company which has three manufacturing facilities at Surajpur (U.P), Faridabad (Haryana) and Chennai (Tamil Nadu) jointly contributed to th...

May 17, 2019 No Responses

Nissan Records 45 Per Cent Drop In Profit

For last fiscal year, Nissan profit dropped below that of French partner Renault for the first time in a decade. Nissan’s operating profit sank 45% to 318.2 billion yen ($2.91 billion) for the year ended in March, earnings released show...

May 16, 2019 No Responses

MTN Nigeria Presents Financial Details At NSE, Secures Final Approval

MTN Nigeria Communications Plc has secured the requisite regulatory approval to list its shares on the floor of Nigerian Stock Exchange (NSE) Thursday, May 16th, 2019. The company is also expected to present its Facts Behind the figure on the...

May 16, 2019 No Responses

NPA Extends Barges To Epe

As part of measures to tackle and find lasting solution to the Apapa gridlock, the Management of Nigerian Ports Authority (NPA) has signed a Memorandum of Understanding (MOU) with APM Capital to extend the use of Barges to evacuate Containers...

May 16, 2019 No Responses

CBN: Nigeria’s Outstanding Domestic Debt Stands At N12.4b

The Central Bank of Nigeria (CBN) on Wednesday said the country’s outstanding domestic debt stood at N12.44 billion as at December 2018. This was contained in the bank’s 2018 Annual Activity Report released by the Financial Markets Department, CBN, and...

May 16, 2019 No Responses

Pirelli Projects More Growth In 2019

Premium tyre manufacturer, Pirelli has projected a growth rate of between 4% to 6% in 2019. Pirelli, which makes tyres for Formula One racing teams and premium automakers like BMW and Audi, explained on Wednesday that revenues would g...