City BusinessNews, Author at City Business News

May 3, 2018 No Responses

African Airlines Records 11.2 % Increase In Passenger Traffic

African airlines recorded an 11. 2 per cent increase in passenger traffic in March 2018 compared to the same period last year, the International Air Transport Association (IATA) has said. A statement issued by IATA’s Director General, Alexandre de Juniac,...

May 3, 2018 No Responses

Minister Implores Media On Fair Reporting

The Minister of Information and Culture, Alhaji Lai Mohammed, has appealed to the media to always ensure fairness, impartiality, truth and accuracy in reporting the activities of government, in line with the principles of responsible journalism. The Minister...

May 3, 2018 No Responses

China Signs Currency Swap Agreement With Nigeria

China’s central bank said on Thursday it has signed a three-year bilateral currency swap agreement with Nigeria worth 15 billion yuan ($2.36 billion). The People’s Bank of China (PBOC) said on its website the swap deal will facilitate trade and...

May 3, 2018 No Responses

Photo News

L-R: Member, Lagos Chamber of Commerce and Industry Trade Promotions Board, Mrs Bunmi Obadinan; Chairman, LCCI Trade Promotions Board, Mr. Gabriel Idahosa; President, LCCI, Mr. Babatunde Ruwase, Vice President, LCCI, Dr Michael Olawale-Cole, and Head of Eco...

May 3, 2018 No Responses

Kia Records 240,028 Global Sales In April

Kia Motors Corporation on Wednesday announced its April 2018 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 240,028 units sold, increasing 9.3% from 2017. In April, sales in Korea totaled 50,0...

May 3, 2018 No Responses

Solar Turbine Team Visits NNPC Boss

Solar Turbine Team Paid a Courtsey Call On the Group Managing Director (GMD), Nigeria National Peteoleum Corporation (NNPC), In Houston, On Thursday. The Team Was Led By Its Sole Distributor/Authorized Representative In Nigeria Chief Lee Ikpea, President Mr...

May 3, 2018 No Responses

Ecobank Unveils Unified Digital Payment Solution

A multi-featured digital payment solution, Ecobank Pay, is now available from Ecobank Nigeria. Ecobank Pay is built as a core part of Ecobank’s digital financial services ecosystem approach and will deliver unified and instant self-service across a range of ...

May 2, 2018 No Responses

CFAO NIPEN Declares N6.9b Revenue, Seeks More Opportunities For Manufacturing Sector

A manufacturing subsidiary of CFAO Nigeria Plc, the Nigerian Ball-Point Pen Industries Plc, (NIPEN) has announced a revenue of N2 billion for the year ended December 31, 2016. Speaking at the company’s 42nd Annual General Meeting in Lagos, the...

May 2, 2018 No Responses

FAAN Adopts Digital Payment System

As part of measures to tackle financial leakages, the Federal Airports Authority of Nigeria (FAAN) has adopted digital payment system. The development is also designed to ease payment, create payment options and improve its speed and convenience. The ...

May 2, 2018 No Responses

LNG Floating Terminal Inaugurated

Indian’s first floating liquefied natural gas (LNG) terminal was inaugurated on May 1 by the country’s gas company H-Energy, a unit of Hiranandani Group. Eni’s floating storage re-gasification unit (FSRU) GDF SUEZ Cape Ann was hired for the job in 2017....

May 2, 2018 No Responses

Photo News

Minister of Transportation, Mr. Rotimi Amaechi; Minister of Finance , Mrs. Kemi Adeosun and Minister of Information, Lai Mohammed, at the Federal Executive Council meeting presided over by Vice President Yemi Osinbajo at the Council Chambers of the Presid...

May 2, 2018 No Responses

John Deere Unveils Agenda For Assembly Plant In Nigeria, Targets 10,000 Tractors

A tractor manufacturing company, John Deer, has unfolded agenda for an assembly plant in Nigeria. According to the company, the Assembly Plant is expected to generate jobs and produce 10,000 tractors in four years. The company unveiled the...

May 2, 2018 No Responses

Looted Fund: Nigeria To Get $500m From U.S.

The United States is finalising plans to repatriate more than $500 million (about N190 billion) looted money to Nigeria, Attorney-General and Minister of Justice Abubakar Malami has said. He told the News Agency of Nigeria (NAN) in Washington, DC, that he.....

May 2, 2018 No Responses

Nigeria Bans Cough Syrup With Codeine

Nigeria has announced a ban on the production and import of cough syrup containing codeine after a BBC investigation into its role in an addiction epidemic. A health ministry spokesman told the BBC remaining stocks in shops could be sold...