Business News Archives — Page 40 of 48

February 11, 2020 No Responses

NLNG Train 7: Nigerians To Handle 55% Of Procurement

Nigerian vendors are to handle 55 per cent of all procurement for the execution of Train 7 project, the Managing Director, Nigerian Liquefied Natural Gas (NLNG), Mr Tony Attah, has said. Speaking at the ongoing 3rd Nigeria International Petroleum Summit...

February 11, 2020 No Responses

Photo News

L – R: Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE) presenting a replica of closing gong to Dr. Adebola Akindele, Group Managing Director, Courteville Business Solution Plc during a courtesy visit to The Exchange (NSE)...

February 11, 2020 No Responses

NSE Market Indices Open With 1.05% Loss

The Nigerian equities market resumed trading for the week on Monday still on a negative trend with the market indices nosediving by 1.05 per cent. Speficially, the All-Share Index lost 294.90 points or 1.05 per cent to close at 27,772.19...

February 11, 2020 No Responses

Automakers In A Fix As Chinese Units Fail To Resume Work

A prolonged Chinese lockdown to contain the aftereffects of the respiratory epidemic has disrupted the output plans of global automakers that largely rely on the planet’s biggest automotive market for both supplies and sales. Plants in China are on an...

February 10, 2020 No Responses

Buhari, Mbasogo, Others Inaugurate CISSA Headquarters

President Muhammadu Buhari on Sunday joined President Obiang Nguema Mbasogo of Equatorial Guinea, Prime Minister of the Federal Democratic Republic of Ethiopia, Abiy Ahmed and other African leaders to inaugurate the headquarters of the Committee of Intelligenc...

February 9, 2020 No Responses

CCECC Restates Commitment To Deliver Lagos-Ibadan Rail On Schedule

The China Civil Engineering and Construction Corporation (CCECC) handling the Lagos-Ibadan Standard Guage Rail line on Saturday said that it would deliver the project on schedule despite all challenges. Its Project Coordinator, Mr Xia Lijun, ...

February 8, 2020 No Responses

Sokoto Secures N65.7b Loan For Agriculture, Infrastructure Development

Sokoto state government is to secure N65.7 billion loan to finance agricultural programmes, housing, water supply and enhance judicial administration in the state. The Secretary to the state government, Alhaji Saidu Umar disclosed this while addres...

February 8, 2020 No Responses

NSE Emerges Second Largest ETF Market In Africa

The Nigerian Stock Exchange (NSE) has emerged the second largest Exchange Traded Fund (ETF) market in Africa with current market capitalisation of N6.9 billion. Mr Oscar Onyema, NSE Chief Executive Officer, stated this on Friday at the Smart Investment Worksho...

February 7, 2020 No Responses

Suzuki Unveils New Vitara

Suzuki family on Thursday unveiled 2020 Vitara Sports Utility Vehicle (SUV) at the ongoing Auto Expo in India. The SUV comes with the 1.5-litre K-series BS-VI petrol engine. It will be offered in three new dual-tone color options: Red with...

February 7, 2020 No Responses

Buhari To Inaugurate Projects At Abuja Chamber Of Commerce And Industry

By citybusinessnews@yahoo.com — As a mark of his commitment towards supporting the Organised Private Sector (OPS), President Muhammadu Buhari,GCFR, is to inaugurate infrastructural projects at the Abuja Chamber of Commerce and Industry (ACCI) on Friday, ...

February 6, 2020 No Responses

Hyundai Unveils New Tuscon

Hyundai Motor on Wednesday unveiled New 2020 Tuscon on the first day of Auto Expo 2020. The new 2020 Tuscon comes with 2.0-litre diesel and petrol engines. The Diesel engine is mated to a new 8-speed automatic transmission churning out...

February 5, 2020 No Responses

2020: Senate Passes N238.15b Budget For Customs

The Senate on Tuesday approved the sum of Two hundred and thirty-eight billion, One hundred and forty-nine million, Three hundred and Twenty-five thousand, Eight hundred and thirty-two Naira Seventy kobo (N238,149,325,832.70) for the Nigeria Customs Service fo...

February 5, 2020 No Responses

Nigeria To Stop Fish Importation

As part of effort to encourage local production, Nigeria may stop fish importation in 2020. The Minister of Agriculture and Rural Development, Sabo Nanono made this known while receiving a delegation from the National Fish Association of Nigeria (NFAN) led...

February 4, 2020 No Responses

Nigeria Acquires Six Armoured Aircraft, Helicopters, Vessel, Others For Maritime Security

By Citybusinessnews@yahoo.com — As part of measures to comprehensively tackle insecurity on Nigeria’s territorial waters and exclusive economic zone, the Federal Government has concluded arrangement to deploy its integrated maritime security infrastruc...