Business – Page 344 – City Business News

June 29, 2018 No Responses

Lafarge Under Probe Over Alleged Terrorist Funding

Cement giant LafargeHolcim says its French subsidiary is under formal investigation in France over claims it funded a terrorist group in Syria. The subsidiary is also accused of complicity in crimes against humanity and endangering lives in Syria. Last year,...

June 29, 2018 No Responses

Olu Of Warri Lauds NPA Boss, Dredging Of Escravos Channel

The Olu of Warri, HIS Royal Majesty, OgiameIkewoli, has called on all stakeholders in the Delta Ports to give maximum support and cooperation to the Managing Director of Nigerian Ports Authority, Hadiza Bala Usman as part of measures to sustain...

June 29, 2018 No Responses

ILO Seeks Urgent Action To Prevent Looming Global Care Crisis

Investment in the care economy needs to be doubled to avert a looming global care crisis, says a new ILO report. Sweeping changes in policies should address the rising need for care and tackle the huge disparity between women’s and...

June 29, 2018 No Responses

World Bank Approves $2.1B Loan For Seven Projects In Nigeria

The World Bank says it has approved a 2.1 billion dollar loan for seven projects to support Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency and polio eradication. It said this in a statement issued on Thursday...

June 29, 2018 No Responses

Nine Persons Burnt To Death, 54 Vehicles Affected In Lagos Tanker Fire

No fewer than nine persons were burnt beyond recognition with 54 vehicles torched in a fuel tanker explosion on Thursday at Otedola Bridge, near the old toll gate, Alausa, Lagos he spokesman, Lagos State Emergency Management Agency (LASEMA), Mr Kehinde...

June 29, 2018 No Responses

Jaguar Land Rover Sets Aside $18B For Electrification

Jaguar Land Rover is to increase its investment into electrification for future electric cars by 25 percent. The automaker explained at an investor presentation that the added investment will see the figure climb to $18 billion total by 2025, citing...

June 28, 2018 No Responses

CCNN Proposes Merger With BUA Cement, Targets 2m Metric Tonnes Per Annum

The Board of Directors, Cement Company of Northern Nigeria (CCNN) and owners of the 500,000 metric tonnes per annum Sokoto Cement Plant has notified the Nigerian Stock Exchange of its proposed merger with Kalambaina Cement Company Limited, owned by...

June 28, 2018 No Responses

Nigeria Targets 10% Global LNG Market

Nigeria has unveiled agenda to attain 10 per cent of the world’s market share in traded Liquefied Natural Gas (LNG) as part of measures to derive maximum value from its abundant natural gas resources. Group Managing Director of the Nigerian...

June 28, 2018 No Responses

FAO Team In Maiduguri, Explains Support For 149, 730 Farming Households

The Food and Agriculture Organisation (FAO) is to assist more than one million people in the Northeast to grow between six and eight months’ worth of food in the 2018 rainy season. Mr Suffyan Koroma, the FAO representative in Nigeria...

June 28, 2018 No Responses

Heritage Bank, NANTA Unveil Nigeria Travel Practitioner Identification Card

Heritage Bank Plc in collaboration with the National Association of Nigeria Travel Agencies (NANTA) has unveiled the Nigeria Travel Practitioners Identification Card (NTPIC). Head of corporate communications of Heritage Bank, Mr. Fela Ibidapo explained that ...

June 28, 2018 No Responses

Cassava: Edo, IITA Explore Areas Of Collaboration

The Edo State Government and the International Institute of Tropical Agriculture (IITA) today agreed to join forces to bring about transformational change in cassava, as the oil-rich state embarks on reforms to diversify its economy. Edo State Governor, God...

June 28, 2018 No Responses

Mercedes-Benz Offers For Sale Replica Of World’s First Car

Plans are underway to mass produce replica of the world’s first car. Mercedes-Benz’s own replica of the Benz Patent Motorwagen is being offered up for sale by the automaker. It’s considered by most to be the first production automobile as...

June 28, 2018 No Responses

NPA Photo News

Managing Director Nigerian Ports Authority (NPA) HADIZA BALA USMAN, with the Authority’stop management as well as World Bank’s Consultants MTBS. To her left are, Lead Consultant (MTBS) PAUL VAN EULEM, Managing Partner Legal Services MUHAMMED KUMALIA, World...

June 27, 2018 No Responses

ICPC Recovers 17 Vehicles From Ex-FAAN Officials

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has recovered 17 vehicles from former officials of the Federal Airports Authority of Nigeria (FAAN). The officials left with the vehicles after their retirements or disengageme...