Business – Page 330 – City Business News

August 8, 2018 No Responses

Seiyefa Is New DSS BOSS

Acting President Yemi Osinbajo has appointed Mr Matthew Seiyefa as the Acting Director-General, Department of State Services (DSS), following the sack of the former Director-General Lawal Daura, on Tuesday. Seiyefa was before his new appointment the most senior director in...

August 8, 2018 No Responses

Empowerment Scheme: NLNG Graduates 84 Youths

Eighty-four (84) youths have become the latest batch of trainees to emerge from Nigeria LNG (NLNG)’s skill acquisition and capacity building programme,Youth Empowerment Scheme (YES). YES is one of NLNG’snumerous initiativesdesigned to make youths y in it...

August 8, 2018 No Responses

Maersk Lowers Profit Forecast amid Uncertainties

A.P. Møller – Mærsk A/S has downgraded its profit guidance for 2018 amid growing uncertainties on the market impacting container freight rates including geopolitical risks, high bunker prices and trade tensions. As a result, Maersk forecasts that its EBITD...

August 7, 2018 No Responses

Mercedes-Benz Records 1.35m Sales In Seven Months

Mercedes-Benz has sold 1,356,350 vehicles in the first seven months of this year, which is an increase of 2.3% and a new record. According to the foremost auto firm, Last month was the second-best July in the history of the...

August 7, 2018 No Responses

Air Peace Commences Kaduna Route August 13

Air Peace is to commence daily flight services from its base in Lagos to Kaduna Airport from August 13 as part of its no-city-left-behind project. A statement by Mr. Chris Iwarah, Corporate Communications Manager, Air Peace said the carrier was...

August 7, 2018 No Responses

Dunlop Unveils New SP FM800 In Nigeria

Sumitomo Rubber South Africa (PTY) LTD (SRSA), manufacturer of the popular Dunlop tyre brand, launched the Dunlop High Performance Sport SP FM800 tyre at its dealer meet in Lagos, Nigeria on 18 July in partnership with Tyre Express Nigeria Limited....

August 7, 2018 No Responses

PenCom Begins Verification Of 2,700 Retiring Workers

THE National Pension Commission (PenCom) has commenced verification and enrolment of over 2,700 employees of the Federal Government’s Ministries, Departments and Agencies (MDAs). Head, Corporate Communications, Peter Aghahowa, in a statement explained th...

August 7, 2018 No Responses

FAAN Condemns Invasion Of Sokoto Airport

The Federal Airports Authority of Nigeria (FAAN) has condemned in absolute terms the invasion of the runway of Sultan Abubakar III International Airport, Sokoto, by loyalists of the former Governor of Sokoto State, Aliyu Wamakko. FAAN said in a statement...

August 6, 2018 No Responses

Newcastle Eyes Container Terminal

A container terminal has been planned for Australian Port of Newcastle, the world’s largest coal export port which is now ready to diversify. The new CEO of the port, Craig Carmody, has committed the Port of Newcastle to...

August 6, 2018 No Responses

SEC Holds Second CMC Meeting 2018

August 6, 2018 No Responses

Saudi Arabia Expels Canadian Ambassador

Saudi Arabia has said it is freezing all new trade and investment with Canada over its “interference” in the Gulf Kingdom’s internal affairs. In a series of tweets, the Saudi foreign ministry said it was expelling the Canadian ambassador and....

August 5, 2018 No Responses

Overland Airways Explains West Coast Expansion Agenda

Expansion of flight operations to West Coast will further increase passengers’ experience, Overland Airways has said. The airline, which is set to commence operations from its base in Lagos, Nigeria to Cotonou, Republic of Benin and Lome, Togo Republic f...

August 5, 2018 No Responses

Toyota Posts 7.2% Increase In Profits

Japanese car giant Toyota has posted a 7.2% jump in quarterly net profits, beating expectations and surprising analysts. Net income came to 657.3bn yen ($5.88bn; £4.52bn), up from the 613.0bn yen recorded in the same period a year earlier....

August 5, 2018 No Responses

Critical Roles Of Tyre Care, Maintenance, By Infinity

Leading tyre, battery and auto parts marketing company, Infinity Tyres has highlighted the importance of keeping an eye on the quality and quantity of air in tyres during and after each trip. The Brand Manager, Infinity Tyres, Rajendra Vishwakarma who raise...