City BusinessNews – Page 238 – City Business News

July 30, 2023 No Responses

EU Suspends Security Cooperation, Budgetary Aid For Niger

The European Union (EU) has suspended all security cooperation with Niger after the country’s army took power in a coup. It comes shortly after the US declared its “unflagging support” for ousted president Mohamed Bazoum – seen as a key Western...

July 30, 2023 No Responses

Customs M.M Airport Command Generates N38b In Six Months

Between January and June 2023, the Murtala Muhammed Airport MMA Command of the Nigeria Customs Service (NCS) generated N38,707,054, 216.44 representing 79.6 percent of the annual revenue target met. The Area Command Controller, M.S Yusuf in a statement explain...

July 30, 2023 No Responses

Ocean Giants To Forge Mega Fleet

China-based companies specializing in ocean-based heavy lift transport COSCO SHIPPING Specialized and Guangzhou Salvage have concluded a joint venture deal leading to the creation of a fleet of 18 semi-submersible vessels by the end of 2023. World Maritime New...

July 29, 2023 No Responses

Seplat Energy Declares N278.3b Revenue In Six Months

Seplat Energy Plc, listed on the Nigerian Exchange Limited and the London Stock Exchange, has announced its unaudited results for the six months ended 30 June 2023, recording a rise in revenue by 3.8 per cent to N278.3billion from N219...

July 29, 2023 No Responses

Air Peace Begins Flight To Togo

Air Peace Airline has commenced Togo operations with the arrival of its inaugural flight in Lome, on Friday. In a statement on Friday, Capt. Godfrey Ogbogu, Safety Manager, Air Peace, explained that the development would help in s...

July 29, 2023 No Responses

UBA Explains Summer Treat With Exclusive Benefits, Discounts

United Bank for Africa (UBA) Plc has assured customers of a memorable summer treat with the launch of exclusive benefits and discounts tied to its cards during this period. Tagged, the #FunSummer campaign, customers are set to enjoy a wide...

July 28, 2023 No Responses

CAC To Delist 100,000 Firms

The Corporate Affairs Commission (CAC) is to delist about 100,000 firms over failure to file annual returns in the last 10 years. Registrar General of the commission, Alhaji Garba Abubakar, who made this revelation in Lagos on Thursday at a training ...

July 28, 2023 No Responses

World Bank Implores Nigeria On Borrowing From CBN

To reduce inflationary pressure on the economy, the World Bank Group has urged Nigeria to reduce government’s borrowing from the Central Bank. World Bank’s Lead Economist for Nigeria, Alex Sienaert, stated this on Thursday during an economic review session...

July 28, 2023 No Responses

Hyundai Delivers 1,059,713 Vehicles In Q2

Hyundai Motor Company, on Thursday announced its business results for the second quarter of 2023, reflecting continued strong demand for its electric vehicles (EV), sport utility vehicles (SUV) and luxury models around the world. City Business News report that...

July 28, 2023 No Responses

Photo News

L-R: The India High Commission’s Second Secretary (Commerce), Pranay Sinha; the Niger Delta Development Commission (NDDC) Executive Director, Projects, Mr. Charles Ogunmola; the NDDC Managing Director, Dr. Samuel Ogbuku; the High Commissioner of India, Shri ...

July 27, 2023 No Responses

EU Adopts Final Rules On Regulating Shipping’s Climate Impact

The Council of the European Union has adopted the final rules on climate-neutral shipping as proposed in the FuelEU Maritime as a key part of the EU’s Fit for 55 package. World Maritime report that the final hurdle has been...

July 27, 2023 No Responses

Photo News

The Executive Management of the Niger Delta Development Commission, (NDDC), visited the European Union headquarters in Abuja, on Wednesday to discuss Public Private Partnership (PPP). From left is the NDDC Executive Director, Projects, Mr. Charles Ogunmola; th...

July 27, 2023 No Responses

Qatar Airways Cargo Explains Real-Time Personalised Pricing

Qatar Airways Cargo has announced that optimised, real-time pricing powered by PROS Smart Price Optimization and Management is now live on all online booking channels across its network. The real-time pricing engine provides Qatar Cargo customers an enhanced d...

July 26, 2023 No Responses

NGX Group Declares Interim Dividend

Following the emergency meeting of the Board of Directors on Tuesday, 25 July 2023, Nigerian Exchange Group Plc (NGX Group) has announced an interim dividend of 25 kobo per ordinary share of 50 kobo each, distributable to shareholders for the...