City BusinessNews, Author at City Business News

September 18, 2017 No Responses

Council to FG: Speed up revitalisation of Ajaokuta, ALSCON

The Federal Government has been urged to speed up the revitalisation of the Ajaokuta Steel Company Ltd and Aluminium Smelting Company of Nigeria (ALSCON), as well as revive several moribund steel plants scattered across the country in a bid to...

September 18, 2017 No Responses

‘Nigeria needs $3t to fix infrastructure’

Nigeria needs $3 trillion to fix infrastructure deficit in the country over the next three decades, Africa Finance Corporation (AFC) has said. Speaking at the weekend in Lagos, AFC President/Chief Executive, Andrew Alli called on government to allow cost...

September 18, 2017 No Responses

Marc Leishman wins 2017 BMW Championship

BMW has congratulated Marc Leishman for winning the 2017 BMW Championship on Sunday at Conway Farms Golf Club in Lake Forest, IL. Leishman took charge from the start, completing the first round nine-under par and never looking back. Once...

September 17, 2017 No Responses

KPMG sacks management team over financial scandal

Foremost accountancy firm, KPMG, has removed the leadership team of its South African arm after an internal investigation into work it did for the Gupta family. Chief executive Trevor Hoole, Chairman Ahmed Jaffer, chief operating officer Steven Louw and five.....

September 17, 2017 No Responses

Obaseki to visit Fashola over dilapidated Benin-Ekpoma-Auchi road

The Governor of Edo State, Mr. Godwin Obaseki has inspected about 10 on-going road projects in Edo Central Senatorial District of the state as well as the failed portions of the Benin- Ehor -Ekpoma- Auchi expressway. Obaseki, who was accompanied...

September 17, 2017 No Responses

CMA CGM places order for nine 22,000 TEU ships

French container shipping major CMA CGM has confirmed the order for nine 22,000 TEU containerships while releasing results for the second quarter of 2017. “In order to keep pace with market growth and the group’s needs, the Board of Directors...

September 16, 2017 No Responses

Daimler delivers first electric truck

Daimler AG has revealed that United Parcel Service will be the first U.S. commercial customer for its new battery-powered eCanter truck. Also, the company has unveiled agenda to expand its electric truck production as lower cost, longer-range batteries beco...

September 16, 2017 No Responses

Heritage Bank Photo News

R-L: Head, Sustainability Banking, Chioma Obiakor, representative of the MD/CEO of Heritage Bank, Ifie Sekibo; Chairman, Cross River State Carnival Calabar, Gabe Onah; Deputy governor of Cross River State, Professor Ivara Esu and Senator Florence Ita Giwa, Lea...

September 16, 2017 No Responses

NIPR seeks partnership with LCCI

The Nigerian Institute of Public Relations (NIPR) has proposed an enduring partnership with the Lagos Chambers of Commerce and Industry (LCCI) in the area of training and manpower development. The President and Chairman of Council of NIPR, Dr. Rotimi...

September 16, 2017 No Responses

NPA Photo News

some management staff of NPA in a group photograph with members of HSOP committee after a meeting in Lagos.

September 15, 2017 No Responses

Nestle acquires coffee firm for $500m

Nestle has bought control of the California based specialty coffee business Blue Bottle Coffee. The Swiss food and drink multi-national acquired a controlling stake for a reported price of $500m (£370m) . With its Nescafe instant coffee and Nespresso brands,....

September 15, 2017 No Responses

‘Council will increase growth in mining sector’

The Minister of Mines and Steel Development, Dr Kayode Fayemi, has said that the newly inaugurated National Council on Mining and Mineral Resources Development (NCMMRD), would help accelerate growth in the sector, through adequate oversight and guidance as wel...

September 15, 2017 No Responses

Nissan extends global UEFA Champions league partnership

Nissan Motor Company limited has confirmed a three-year extension to its global partnership with the UEFA Champions League, including the UEFA Super Cup. Legend Gareth Bale celebrated the announcement by surprising a group of schoolchildren and teaching...

September 15, 2017 No Responses

Toyota stakes $1.83b for 20 LNG-Powered car carriers

Prompted by the upcoming environmental regulations set to enter into force in 2020, Japanese car manufacturer, Toyota Motor Corporation is to turn to LNG-powered ships to transport its cars across the globe. According to a report from Japanese daily Nikkei,...