City BusinessNews, Author at City Business News

April 26, 2019 No Responses

Michelin Declares $6.5b Sales In Q1

Michelin has reported higher first quarter sales, helped by its recent acquisitions of the Camso and Fenner businesses, and the French tyre maker stuck to its 2019 financial guidance for a rise in annual, underlying profits. Sales rose 11.3 percent...

April 25, 2019 No Responses

NLNG Clarifies N14.6trillion Revenue To FG, Feud With NIMASA

By Moses Ebosele, ebosele@hotmail.com The Nigeria Liquefied Natural Gas (NLNG) Limited, on Wednesday, declared that ongoing legal tussle with Nigerian Maritime Administration and Safety Agency (NIMASA) has amplified “the dreaded question of sanctity of agree...

April 25, 2019 No Responses

Weststar Delivers Five Marcopolo Buses To Bonnyway Transport

Weststar Associates Limited, Authorized General Distributor of Mercedes Benz Vehicles in Nigeria has delivered the first batch of the all new Mercedes-Benz Marcopolo G7 Paradiso Coach to Bonnyway Motors Nigeria Limited. Managing Director of Weststa...

April 25, 2019 No Responses

CBN Lifts Interbank Forex Market With $210m

The Central Bank of Nigeria (CBN) on Wednesday intervened in the interbank forex market with the sum of $210 million.. According to the figures released by the CBN, authorized dealers in the wholesale segment of the market, as in previous...

April 24, 2019 No Responses

NSE Admits SAHCO At N4.65 Per Share

By Moses Ebosele, ebosele@hotmail.com – After several months of rigorous steps, the management of Nigerian Stock Exchange (NSE) on Tuesday officially welcomed Skyway Aviation Handling Company Plc (SAHCOL) to its Main Board. Tuesday’s listing by I...

April 24, 2019 No Responses

SEC Nigeria, Pencom Collaborate On Financial Literacy

The Securities and Exchange Commission (SEC) and the National Pensions Commission (Pencom) have agreed to work together to ensure more Nigerians are brought into the financial literacy net. The resolution was reached at a meeting between the Technical Co...

April 24, 2019 No Responses

CBN Records N718.0b, $1.1b From NCR In 2018

The Central Bank of Nigeria (CBN) has said that it recorded a huge leap in the value of financing statements under the National Collateral Registry (NCR) in the last five years from N487 billion and $20 million in 2017 to...

April 24, 2019 No Responses

Buhari Implores Qatar On Investments In Railway, Agriculture, Aviation, Others

Investments in sectors like petroleum, power, aviation, agriculture, railways, and many others, featured prominently as President Muhammadu Buhari hosted the Emir of Qatar, His Highness Sheikh Tamim bin Hamad Al-thani, at State House, Abuja, on Tuesday. Also o...

April 24, 2019 No Responses

Aisha Buhari’s Eye Care Support MoU With Noor Foundation Sails Through

Wife of the President, Dr. Aisha Muhammadu Buhari has commended Noor Dubai Foundation for implementing the visual care agreement it signed with Aisha Buhari Foundation in 2017. The agreement was aimed at accelerating access to visual healthcare in Nigeria. She...

April 24, 2019 No Responses

SAHCO Photo News

L – R shows Head, Listing Business Division, The Nigerian Stock Exchange (NSE), Mr. Olumide Bolumole; Director General, Bureau of Public Enterprise(BPE), Mr. Alex Okoh; Non- Executive Director, SAHCO Plc, Chike Ogeah; Executive Director, Regulation, Ti...

April 23, 2019 No Responses

Samsung Secures Order For $970m FPSO Unit

South Korean shipbuilder, Samsung Heavy Industries (SHI) has received an order for the construction of a floating production, storage and offloading (FPSO) unit. The contract worth KRW 1.1 trillion (around USD 970 million) has been signed with an unnamed Asi...

April 23, 2019 No Responses

JAMB Shut Two CBT Centres, Arrest 100

No fewer than 100 examination cheats have so far been arrested by security operatives across the country during the just concluded Unified Tertiary Matriculation Examination (UTME), the Joint Admissions and Matriculation Board (JAMB) has said. In its Weekly Bu...

April 22, 2019 No Responses

PricePointe Wholesale Club Unveils Ultra-Modern Warehouse In Lagos

PricePointe Wholesale Club, a new entrant into the Nigerian retail sector, modeled after the America’s Costco and Sam’s Club, has started operations with the opening of its flagship warehouse at 6-10 Ilupeju Industrial Crescent, Ilupeju Lagos. The 8000 squ...

April 22, 2019 No Responses

Culinary Delights Opens First Pizza King And Mama Mia Restaurant In Lagos

After about two and a half years in the making, Culinary Delights has finally opened the doors of its first outlet to customers with the launch of her first two brands, Pizza King and Mama Mia (Make I chop again)....