City Business News Archives — City Business News

January 18, 2022 No Responses

Unilever To Revisit $65b Merger Deal With GSK

Unilever has signaled it will continue pursuing a blockbuster deal to buy GlaxoSmithKline’s (GSK) healthcare arm. Unilever has already had a £50b ($65b) offer rejected, but said on Monday a deal would be a “strong strategic fit”. GSK’s health products business...

December 22, 2021 No Responses

MSC Offers €5.7b To Buy Bolloré Africa Logistics

Swiss container shipping major Mediterranean Shipping Company (MSC) has submitted an offer to acquire 100% of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa. Bolloré Africa Logistics, a s...

October 5, 2021 No Responses

Lagos Advocates 42% Revenue Allocation To States

Lagos State Governor, Babajide Sanwo-Olu on Monday advocated an upward review to 42 percent the revenue accruing to states from the Federation Account. Sanwo-Olu said that an upward review to 42 percent would enable the states to cater for their...

September 20, 2021 No Responses

Nahco Appoints Enyinna Opara Non-Executive Director

The Nigerian Aviation Handling Company Plc (Nahco Aviance) has informed shareholders and the Nigerian Exchange (NGX) Ltd. that Prof. Enyinna Okpara has been appointed a Non-Executive Director. The Company Secretary, Mr Bello Abdullahi of Dikko & Mahm...

September 8, 2021 No Responses

Kwara’s N169 b Supplementary Budget Passes Second Reading

Kwara’s 2021 supplementary appropriation bill of N169 billion passed the second reading at the state House of Assembly on Tuesday. The News Agency of Nigeria NAN reports that the executive bill, presented by Gov. AbdulRahman AbfulRasaq, is seeking an u...

July 27, 2021 No Responses

Lagos Partners First Bank On Primary Health Care

The Lagos State Government (LASG) has partnered First Bank of Nigeria in providing a Primary Healthcare Centre (PHC) at Ijeododo Community in Lagos State. Speaking at the groundbreaking ceremony on Tuesday, Governor of Lagos State, Babajide Sanwo-Olu, exp...

July 27, 2021 No Responses

Pension Fund Hits N12.66tri

The National Pension Commision (PenCom), on Monday disclosed that pension fund assets had risen to N12.66 trillion as at June 30, 2021, with contributors under the Contributory Pension Scheme (CPS) hitting the 9.38 million mark. Speaking at the 2021 Jour...

May 19, 2021 No Responses

Shipping Firms Unveil New Agenda To Curb Piracy In Gulf Of Guinea

After more than 95% of sea kidnappings happened in the Gulf of Guinea in 2020, almost 100 shipping companies, organizations, and flag states have signed a new declaration calling for and to piracy in the Gulf of Guinea. The violence,...

March 29, 2021 No Responses

NLNG MD Harps On Critical Roles Of Gas Resources To Nigeria’s Development

By Moses Ebosele, ebosele@hotmail.com — The large deposit of gas resources in Nigeria would amount to nothing if the gas is not developed and utilised urgently to meet the nation’s energy needs, the Managing Director, Nigeria LNG Limited (NLNG),...

October 26, 2020 No Responses

Samsung Group Chairman Dies At 78

Lee Kun-hee, the chairman of South Korea’s largest conglomerate, Samsung Group, has died aged 78. Mr Lee helped to grow his father’s small trading business into an economic powerhouse, diversifying into areas like insurance and shipping.&nbsp...

September 19, 2020 No Responses

AIICO Pledges To Sustain Growth Agenda

AIICO Plc has reiterated its commitment to sustain growth agenda as part of measures to earn customer’s confidence and achieve reviewed capital base for insurance set by National Insurance Commission (NAICOM). Speaking at a virtual Fact Behind the Offer (FBO...

August 4, 2020 No Responses

Volkswagen Unveils Vehicle Assembly Facility In Ghana

Volkswagen is expanding its footprint in Sub-Sahara Africa with the official opening of vehicle assembly facility in Accra, Ghana. A statement issued by Head of Group Communications, Volkswagen Group South Africa, Andile Dlamini, sa...