City BusinessNews, Author at City Business News

July 31, 2018 No Responses

Buhari Seeks Increased Inter-Regional Collaboration

President Muhammadu Buhari Monday in Lome made a strong appeal for inter-regional collaboration on maritime security, the fight against terrorism and other crimes through effective border control. The President made the call while contributing to the consideration and adoption of...

July 31, 2018 No Responses

Tincan Island Customs Generates N162.7B In Six Months

Between January and June this year, Tincan Island Command of the Nigeria Customs Service generated a total of N162.7Billion, higher than N130.1Billion generated in the corresponding period of 2017 with N32.6Billion. This declaration was made by the Customs ...

July 31, 2018 No Responses

Transcorp Hotels Declares N8.1b Turnover, N1.38b Profit In Six Months

For the period ended June 30th, 2018, Transcorp Hotels Plc has announced turnover of N8.01billion. The Group also ended the period with profit after Tax of N1.38billion, representing 83% year-on-year growth over N760million in Half Year 2017. A stateme...

July 31, 2018 No Responses

CCNN Appoints Gwadabe,Abubakar,Gandi Board Members

Cement Company of Northern Nigeria (CCNN) has announced the appointment of Senator Khairat Abdulrazaq-Gwadabe and Shehu Abubakar as Independent Directors and, Abbas Ahmad Gandi as a Non-Executive Director to its board effective July 12, 2018. The appointment...

July 31, 2018 No Responses

Diamond Bank Records N2.2B Profit After Tax In Six Months

Diamond Bank has released its second quarter unaudited financial report for the period ended June 30, 2018 to the management and stockbrokers of the Nigerian Stock Exchange (NSE), emphasising its strong focus on the Nigerian market, especially the retail busi...

July 31, 2018 No Responses

Naira Weakens Against Dollar At Parallel Market

The Naira on Monday weakened marginally against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N358.3, weaker than N358 traded on Friday, while the Pound Sterling and the Euro closed...

July 31, 2018 No Responses

BA Extends Summer Fare Offer For Nigerian passengers

British Airways has extended the ‘BA Promo for Two” summer fare offer for its Nigerian passengers departing from either Abuja or Lagos to London in United Kingdom. The airline said that it extended promo, which commenced last week due to...

July 30, 2018 No Responses

VW Recalls 33,168 Golf

Volkswagen Group of America Inc. is recalling 33,168 Golfs and Golf Sportwagens in the U.S. to address a rollaway risk. Another 24,123 vehicles are also being recalled in Canada. The automaker says that because of a buildup of silicate, a...

July 30, 2018 No Responses

Pension Fund Assets Hit N8.14trillion

As at end of May, 2018, total pension fund assets stood at N8.14 trillion, the National Pension Commission (PenCom) has revealed. According to PenCom spokesman, Peter Aghahowa, the assets rose from N7.52 trillion in December 2017, adding that: ”The....

July 30, 2018 No Responses

ITTF Unveils Seeding Lists For 2018 Nigeria Open

The International Table Tennis Federation (ITTF) has unveiled the seeding list for the 2018 ITTF Challenge Seamaster Nigeria Open holding on August 8 to 12 at the Molade Okoya-Thomas Hall of Teslim Balogun Stadium in Lagos. Also, 12 undergraduates from Nig...

July 29, 2018 No Responses

Firm Orders 12 Ethane Carriers

US investment banking and principal investment firm Delos Shipping has been linked to an order of up to twelve very large ethane carriers (VLECs). According to data provided by Asiasis, the company ordered the units from two South Korean shipbuilding...

July 29, 2018 No Responses

Amaechi: Itakpe-Ajaokuta-Warri Rail Line 80% Completed

The Minister of Transportation, Mr Rotimi Amaechi, says that Itakpe-Ajaokuta-Warri rail project is about 80 per cent completed and will be ready soon. Amaechi, disclosed this during the inspection tour of the Itakpe-Ajaokuta-Warri rail line in Agbor. He also...

July 29, 2018 No Responses

Gowon Seeks Tolerance, Unity Among Nigerians

Former Head of State, Retired Gen. Yakubu Gowon has advocated for more tolerance and understanding among Nigerians to put an end to the spate of killings in the country. Gowon made the remark on Saturday while speaking as the Special...

July 28, 2018 No Responses

CBN Approves $340m, CNY69m For Agric, Raw Materials

The Central Bank of Nigeria (CBN), on Friday, provided 340 million dollars and 69 million Chinese Yuan (CNY) to customers seeking foriegn exchange in the agricultural and raw material sector. The acting Director, Corporate Communications, Mr Isaac Okorafor,...