City BusinessNews, Author at City Business News

March 29, 2019 No Responses

Entities Must Identify, Block Fraudsters, Says Saleh, CEO, Egyptian Stock Exchange

The Executive Chairman, Egyptian Stock Exchange, Mohamed Farid Saleh, has advised financial institution to put in place a detailed Know Your Customer (KYC) policy as part of measures to curtail financial crimes. In a chat with WFE in house magazine,...

March 29, 2019 No Responses

Sustaining Industrial Base Through FOREX Restriction On 41 Items

Gradually, the Foreign Exchange (FOREX) restriction placed on 41 items by the Central Bank of Nigeria (CBN) is generating positive impact across the country. The policy, which among others is designed to protect local production and create employme...

March 29, 2019 No Responses

Tata Delivers 1.1m Vehicles In 2018

For the year 2018, Tata Motors sold 1.049 million units. Tata Motors has become the first Indian automaker to cross the one-million-sales mark, beating Chinese giants Changan and SAIC, to be the world’s 16th largest light vehicles company. Tata Motors s...

March 29, 2019 No Responses

Firms Seal 12-Year LNG Deal

Monaco-based LNG carrier owner and operator GasLog has entered into a 12-year fixed-term charter with Japan’s JERA for a newbuild LNG carrier. GasLog signed the agreement with LNG Marine Transport Limited, the principal LNG shipping entity of JERA. The vesse...

March 28, 2019 No Responses

FG, States, LGs Share N619.85b

The Accountant-General of the Federation (AGF), Mr Ahmed Idris, on Wednesday said the Federal Government shared N619.85 billion, as revenue generated in February to the three tiers of government. The amount showed an increase of about N9.49 billion from what.....

March 28, 2019 No Responses

Bajaj Unveils New Motorcycle

Two-wheeler manufacturer, Bajaj Auto has announced the launch of Patina 100 Kick Start (KS), regarded as entry-level motorcycle. Commenting on the introduction of the new variant, Sarang Kanade, President Motorcycle Business said “...

March 28, 2019 No Responses

Air Peace Strengthens Asaba Operations With B737 Aircraft

Air Peace on Wednesday deployed a Boeing 737 aircraft to service its Asaba operations, saying the development was in response to the yearnings of members of the flying public for a bigger-capacity equipment on the route. The Boeing 737 aircraft...

March 28, 2019 No Responses

Buhari Greets Tinubu At 67

President Muhammadu Buhari sends warm felicitations to the National Leader of All Progressives Congress (APC) Asiwaju Bola Ahmed Tinubu on his 67th birthday, March 29th, 2019, describing him as one of the strong pillars of Nigeria’s democracy. President Buha...

March 28, 2019 No Responses

Mercedes-Benz, Peugeot, Ford, Others To Adopt Mandatory Vehicle Speed Limiters

Speed limiting technology looks set to become mandatory for all vehicles sold in Europe from 2022, after new rules were provisionally agreed by the EU. Already, Mercedes-Benz, Ford, Peugeot-Citroen, Renault and Volvo have models available with some of th...

March 28, 2019 No Responses

Firm Gets Four New LNG Carriers

Qatar-based Nakilat has established a new joint venture with shipping company Maran Ventures, expanding its fleet to 74 vessels. Under the deal, Nakilat would hold a 60% stake in the JV, while Maran Ventures will have the remaining 40%. With...

March 27, 2019 No Responses

CBN Pegs Interest Rate At 13.5 Per Cent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has for the first time in two years adjusted interest rate downwards to 13.5 per cent. Briefing Journalists after the meeting on Tuesday, CBN Governor, Godwin Emefiele said:...

March 27, 2019 No Responses

CFAO Customers Laud Return Of King Long Buses

The relaunch of King Long buses into the Nigerian market by CFAO has been lauded by customers who have been using the buses and dealers who were at the relaunch event in Lagos. A satisfied end user of the King...

March 27, 2019 No Responses

Shell, UBA Seal $200m Contractor Support Fund

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has upped its contractor support fund with $200 million in a latest effort to boost the financial capacity of vendors and suppliers in Nigeria’s oil and gas industry. This latest move...

March 27, 2019 No Responses

Onyung Succeeds Ogbeifun As President Nigeria’s Ship Owners Association

The Ship Owners Association of Nigeria (SOAN), on Tuesday elected a Medical Doctor, Mkgeorge Onyung as successor to its outgoing President, Engr Greg Utowen Ogbeifun. The election which held at the Avenue Suites in Victoria Island Lagos...