yetty, Author at City Business News

January 17, 2020 No Responses

“Nigeria Not Ready For Implementation Of Eco Single Currency”

Nigeria is not yet ready for the implementation of the ECOWAS Single Currency (Eco) in 2020,Minister of Foreign Affairs, Geoffrey Onyeama has saidOnyeama, who made this known on Thursday in Abuja while speaking with Journalists, explained that Nigeria’s position on...

January 17, 2020 No Responses

FG, States, LGs Share N716.2b

The Federation Accounts Allocation Committee (FAAC) has shared N716.298 billion to the three tiers of government for the month of December 2019.The Permanent Secretary, Ministry of Finance, Budget and National Planning, Alhaji Isa Dutse disclosed this while ad...

January 17, 2020 No Responses

Dangote: Maritime Key To Economic Development, Growth

The President of Dangote Group of Companies, Alhaji Aliko Dangote, has identified the maritime industry as key in the efforts to restimulate the Nigerian economy.Dangote made the assertion in a statement in Lagos while commenting on the country’s economic po...

January 17, 2020 No Responses

Market Capitalisation Recovers N150b

After two days of loss, trading activities rebounded on the Nigerian Stock Exchange (NSE) on Thursday following investors’ interest in some highly capitalised equities.Specifically, the market capitalisation of listed equities grew by N150 billion or one per...

January 16, 2020 No Responses

Shanghai Maintains Position As World’s Top Container Seaport

China’s Shanghai port has retained its rank as the world’s busiest container port, having handled 43.3 million twenty-foot equivalent units last year, Xinhua reports citing Shanghai Mayor Ying Yong.Shanghai has held its top-dog position for the past ten ye...

January 16, 2020 No Responses

New Kia Carnival Debuts

Kia Motors has unveiled new Carnival, its next offering in the Indian market after Seltos.The company in statement explained that Prices and further details of the new MPV and its variants will be revealed at its launch at the upcoming...

January 16, 2020 No Responses

Group Backs Panel On NDDC’s Property, Contracts Verification

A group, South South Emerging Leaders Forum (SELF), has expressed support for a 50-member committee recently inaugurated to audit property and verify contracts awarded by the Niger Delta Development Commission (NDDC).In a statement signed by its Coordinator Mr...

January 16, 2020 No Responses

Toyota Boosts Flying Taxi Agenda With $394m

Toyota Motor is investing $394 million into the U.S. “flying taxi” startup Joby Aviation, the Japanese company announced on Thursday.Founded in 2009, Joby is developing an electric vertical takeoff and landing aircraft, or eVTOL, for urban transpor...

January 15, 2020 No Responses

ICPC To Track Fraudulent Activities In Capital Market

“I understand the need to protect investors because the capital market has been so badly affected by the activities of fraudulent individuals and organizations, Chairman, Independent Corrupt Practices and other Related Offences Commission (ICPC), Prof Bolaji...

January 15, 2020 No Responses

Dana Air Bags ATQ’s Most Stable Domestic Carrier Award

Nigerian carrier, Dana Air has won an award as the Most Stable Airline in Nigeria at the 2019 Air Transport Industry Awards held at the Prestigious Welcome Centre & Hotels, Lagos.The Editor-in-Chief of Air Transport Quarterly Magazine, Prince Supo Atobatel...

January 15, 2020 No Responses

UBA Photo News

L-R: Executive Director, Urban Vision Akins Akinkugbe; Actress, Tana Adelana; Chief Executive Officer, Ebony Life, Mo Abudu; Actress, Osas Ighodaro; Executive Producer/CEO, Urban Vision, Tola Odunsi, during the Premiere of REDTV Series, Assistant Madams in L...

January 15, 2020 No Responses

EEDC Stops Collection Of Cash Above N3000

The Enugu Electricity Distribution Company (EEDC) is to stop receiving cash payments above N3,000 from electricity consumers as from February1, 2020.In a statement issued on Wednesday by Head of Communications, EEDC, Mr Emeka Ezeh, explained that customers mak...

January 15, 2020 No Responses

NPA Photo News

Standing Middle: Representative of the Managing Director of NPA and the Executive Director, Marine & Operations, Dr. Sokonte Huttin Davies on his immediate left are Managing Director, Brawal Service Company, Etugbo Charles, Representative of General Manage...

January 10, 2020 No Responses

Onne Customs Surpasses 2019 Revenue Target by 112%

The Nigeria Customs Service (NCS), Area II Command, Onne Port, Rivers State generated ₦107.3billion from duty paid on imported goods in 2019.A statement issued by the Public Relations Officer, Ifeoma Onuigbo Ojekwu, explained that the figure surpasses the an...