As part of its intervention for the week, the Central Bank of Nigeria (CBN), has injected the total sum of $349.34 million in the Retail Secondary Market Intervention Sales (SMIS) segment of the Forex market. Figures obtained from the CBN…
Toyota Explains Proposed Self-Driving Test Site
Toyota Motor Corporation has unveiled plans to build a dedicated test site for self-driving cars in the United States of America. The site will be located within the 1.75-mile oval test track of the Michigan Technical Resource Park at…
ILO Inaugurates First Project 0ffice In Qatar
The International Labour Organization (ILO) inaugurated its first project office in Qatar to support the implementation of a comprehensive programme on working conditions and labour rights in the country. The office was officially opened in the capital Doha in the…
‘More Than 60 Per Cent Of Employed Population Are In The Informal Economy’
Two billion people – more than 61 per cent of the world’s employed population – make their living in the informal economy, the ILO said in a report, stressing that a transition to the formal economy is a condition to…
NPA Boss To Nigerian Youth: Strive For Unity Through Nationalistic Mindset
The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has called on Nigerian Youths to continue to work for the Unity of Nigeria by developing a nationalistic mindset as they prepare for future leadership of the country. Hadiza…
Edo Secures Preliminary Financing Approval For Gelegele Seaport
Edo State Governor, Mr. Godwin Obaseki has said the state government has secured preliminary approvals for financing the development of the Benin River Port in Gelegele. Obaseki disclosed this when he received the Flag Officer Commanding Central Naval Command, Bayelsa State, Rear…
Business Woman Emerges Winner Of Diamonxtra Season 10 Regional Draw, Gets New Car
Catherine Onwusonye, a businesswoman based in Abuja, was rewarded with the DiamondXtra star prize, a Hyundai Accent car, during the Season 10 DiamondXtra Regional Prize Presentation Ceremony which held in Lagos on Wednesday. Shortly after the prize presentation, Catherine…
Maersk Welcomes Medium Range Product, Chemical Tanker
Danish-based Maersk Tankers has welcomed into its fleet Maersk Capri, a newbuilding Medium Range (MR) product/chemical tanker. The 50,000 dwt ship, flagged in Singapore, was named on April 19 at the Samsung Heavy Industries shipyard in Ningbo, China. ” Maersk Capri…
US-Nigeria Trade Council Seeks 10 Year Visa Policy, Trade Treaty
citybusinessnews@yahoo.com The US-Nigeria Trade Council has urged Foreign Affairs Ministry and the United States Secretary of States to expand U.S. Visa validity period from two to ten years. Reviewing the recent visit of President Muhammadu Buhari to the United…
Minister Pledges Successful Hosting Of Global Tourism Confab
The Minister of Information and Culture, Alhaji Lai Mohammed, has assured that the Federal Government will leave no stone unturned to ensure the successful hosting of the United Nation World Tourism Organisation/Commission for Africa (UNWTO/CAF) meeting taking place in Abuja between 4-6 June 2018….
Hyundai Secures $407m Contract For Monaco’s Four Containerships
South Korean shipbuilder Hyundai Heavy Industries (HHI) has won a contract from Zodiac Group Monaco to build four containerships. The shipbuilding major said the contract was worth $407million. The four container carriers are scheduled for delivery by July 2020. Further…
Power Of Social Media In Sustained Marketing
By 2025, Millennials will make up 75% of the global workforce. As their population grows, so is their influence. Award-winning author Jeremy K. Balkin calls this the “Millennialization of Everything.” Millennials – the generation born between 1980 and 2000 —…
CMA CGM Confirms Investment In CEVA Logistics
CMA CGM on Thursday confirmed its investment in CEVA Logistics, a global leading player in the logistics sector, on the occasion of CEVA’s initial public offering (IPO). According to CMA CGM, “”This investment will take the form of convertible…
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,…