City BusinessNews Archives — Page 206 of 370

July 15, 2020 No Responses

Volkswagen Shifts Software Development Centre To Audi

Volkswagen will shift leadership for software development to the company’s premium Audi division in Ingolstadt, Bavaria, Herbert Diess, chief executive of the multi-brand group has said.“The centre of gravity for software development will move from Wolfsburg to Ingolstadt,” Diess said at a virtual conference...

July 15, 2020 No Responses

NIMASA Directs Registered Stevedoring Firms To Commence Operation

The Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has directed all duly registered stevedoring companies with operational areas allotted by the Nigerian Ports Authority (NPA), which are yet to start operation, to mobilise to the...

July 15, 2020 No Responses

CBN Unveils Non-Interest Guidelines For AGSMEIS, MSMEDF, Others

The Central Bank of Nigeria (CBN) has unveiled guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS) and Micro, Small and Medium Enterprises Development Fund (MSMEDF). In ...

July 15, 2020 No Responses

FirstBank Rewards Verve Card Holders With Free Fuel

First Bank of Nigeria Limited customers using Verve Cards are entitled to extra five (5) litres of fuel for every N3,000 fuel purchased using the card at specified periods. Group Head, Marketing & Corporate Communications of the bank, Mrs Folake...

July 15, 2020 No Responses

Ogun Resuscitates Farm Settlements

The Ogun State Commissioner for Agriculture, Dr Adeola Odedina, on Tuesday disclosed that the state government was working hard to resuscitate all its farm settlements as part of measures to boost food security. Odedina stated this while responding to qu...

July 15, 2020 No Responses

Delta To Begin Property Enumeration

Delta Government is to begin the enumeration of property in the state as part of measure to strengthen its revenue generation in line with World Bank recommendation to meet certain thresholds. Commissioner for Information, Mr Charles Aniagwu, disclo...

July 15, 2020 No Responses

Nigeria Confirms 463 New Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC) has recorded 463 new COVID-19 cases in the country as total infections increase to 33,616. NCDC through its official twitter handle on Tuesday explained that the 463 new cases were reported from 17 state...

July 15, 2020 No Responses

Hyundai Launches New Tucson SUV

Hyundai Motor on Tuesday launched its facelifted Tucson Sports Utility Vehicle (SUV) for the Indian market through its new digital platform ‘The Next Dimension’. The South Korean auto firm also introduced the new Creta SUV and Verna sedan to th...

July 15, 2020 No Responses

Firm Implores EU On Approval For Turkish Ship Recycling Yards

Ship recycling yards in Turkey that are compliant with safety and environmental requirements of the European Union are full until the end of the year, Clarksons Platou Shipbroking said in a report. The report indicated that there is limited space...

July 14, 2020 No Responses

Coronavirus Cases In Nigeria Climb To 33,153

Nigeria on Monday announced 575 new Coronavirus cases, bringing the total infections to 33,153. According to Nigeria Centre for Disease Control (NCDC), the 575 new cases were reported from 20 states. NCDC explained that 156 of the new cases were repo...

July 14, 2020 No Responses

Nigeria, Saudi Arabia Restate Commitment To OPEC

Saudi Arabia and Nigeria have reiterated their firm commitment to the Organisation of Petroleum Export Countries and its allies known as OPEC+ agreement. The Minister of State for Petroleum Resources, Timipriye Sylva, explained that the countries also reiterat...

July 14, 2020 No Responses

Yobe Acquires 103 Tractors, 7,500 Metric Tonnes Of Fertiliser

The Yobe State Government has acquired 103 tractors and 7,500 tonnes of NPK fertiliser to be distributed to farmers across the 17 local government areas. Showcasing the agricultural inputs in Damaturu on Monday, the State Governor, Mai Mala-Buni exp...

July 13, 2020 No Responses

Nigeria’s Stock Market Opens Week With N55b Loss

The nation’s bourse resumed transactions for the week on Monday with a loss of N55 billion following sell pressure in some blue chips. Specifically, the market capitalisation which opened at N12.679 trillion lost N55 billion to close at N12.624 trillion....

July 13, 2020 No Responses

Nigeria’s Unclaimed Dividends Hit N158.44b

The total unclaimed dividend figure in the Nigerian capital market stood at N158.44 billion as of December 2019, the News Agency of Nigeria (NAN) reports. Data obtained exclusively by NAN from the Securities and Exchange Commission (SEC) show that the...