Business – Page 332 – City Business News

August 1, 2018 No Responses

Globe Motors Unveils Assembly Plant In Lagos

Foremost automobile marketing company in Nigeria, Globe Motors has started production of Hyundai and Higer brands of vehicles in its assembly plant in Lekki, Lagos. Located along Eleko-Ibeju-Lekki area of Lagos, the plant for now, has an installed capacity of 6,000 vehicles annually...

August 1, 2018 No Responses

Heritage Bank Wins 2018 Agric Bank Award, Explains Support For MSMEs

Moses Ebosele, ebosele@hotmail.com – Heritage Bank Plc has emerged winner of Agriculture Bank of the year 2018. At a colorful ceremony held at the Sheraton Hotels and Towers, Abuja on Tuesday Night, members of the committee of Nigeria Agricultur...

August 1, 2018 No Responses

NSE Photo News

L – R shows Mr. Bola Adeeko, Head, Shared Services Division, The Nigerian Stock Exchange (NSE); Mr. Oscar N. Onyema OON, Chief Executive Officer, NSE; Mr. Andrew Alli, Immediate Past President and Chief Executive Officer of Africa Finance Corporation (AFC).....

July 31, 2018 No Responses

Overland Airways Increases Abuja-Jalingo Frequencies To Six

Overland Airways has increased its flight services from Abuja to Jalingo airport to six weekly from its initial three. The airline explained that the flights would regularly depart Abuja to Jalingo at 11 a.m. daily except Saturdays while flights out...

July 31, 2018 No Responses

Buhari Seeks Increased Inter-Regional Collaboration

President Muhammadu Buhari Monday in Lome made a strong appeal for inter-regional collaboration on maritime security, the fight against terrorism and other crimes through effective border control. The President made the call while contributing to the conside...

July 31, 2018 No Responses

Tincan Island Customs Generates N162.7B In Six Months

Between January and June this year, Tincan Island Command of the Nigeria Customs Service generated a total of N162.7Billion, higher than N130.1Billion generated in the corresponding period of 2017 with N32.6Billion. This declaration was made by the Customs ...

July 31, 2018 No Responses

Transcorp Hotels Declares N8.1b Turnover, N1.38b Profit In Six Months

For the period ended June 30th, 2018, Transcorp Hotels Plc has announced turnover of N8.01billion. The Group also ended the period with profit after Tax of N1.38billion, representing 83% year-on-year growth over N760million in Half Year 2017. A stateme...

July 31, 2018 No Responses

CCNN Appoints Gwadabe,Abubakar,Gandi Board Members

Cement Company of Northern Nigeria (CCNN) has announced the appointment of Senator Khairat Abdulrazaq-Gwadabe and Shehu Abubakar as Independent Directors and, Abbas Ahmad Gandi as a Non-Executive Director to its board effective July 12, 2018. The appointment...

July 31, 2018 No Responses

Diamond Bank Records N2.2B Profit After Tax In Six Months

Diamond Bank has released its second quarter unaudited financial report for the period ended June 30, 2018 to the management and stockbrokers of the Nigerian Stock Exchange (NSE), emphasising its strong focus on the Nigerian market, especially the retail busi...

July 31, 2018 No Responses

Naira Weakens Against Dollar At Parallel Market

The Naira on Monday weakened marginally against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N358.3, weaker than N358 traded on Friday, while the Pound Sterling and the Euro closed...

July 31, 2018 No Responses

BA Extends Summer Fare Offer For Nigerian passengers

British Airways has extended the ‘BA Promo for Two” summer fare offer for its Nigerian passengers departing from either Abuja or Lagos to London in United Kingdom. The airline said that it extended promo, which commenced last week due to...

July 30, 2018 No Responses

VW Recalls 33,168 Golf

Volkswagen Group of America Inc. is recalling 33,168 Golfs and Golf Sportwagens in the U.S. to address a rollaway risk. Another 24,123 vehicles are also being recalled in Canada. The automaker says that because of a buildup of silicate, a...

July 30, 2018 No Responses

Pension Fund Assets Hit N8.14trillion

As at end of May, 2018, total pension fund assets stood at N8.14 trillion, the National Pension Commission (PenCom) has revealed. According to PenCom spokesman, Peter Aghahowa, the assets rose from N7.52 trillion in December 2017, adding that: ”The....

July 30, 2018 No Responses

ITTF Unveils Seeding Lists For 2018 Nigeria Open

The International Table Tennis Federation (ITTF) has unveiled the seeding list for the 2018 ITTF Challenge Seamaster Nigeria Open holding on August 8 to 12 at the Molade Okoya-Thomas Hall of Teslim Balogun Stadium in Lagos. Also, 12 undergraduates from Nig...