City BusinessNews – Page 270 – City Business News

March 1, 2023 No Responses

INEC Declares Tinubu Winner Of Presidential Election

The Independent National Electoral Commission (INEC) has declared presidential flag bearer of the All Progressives Congress (APC), Sen. Bola Tinubu winner of Feb. 25 presidential election. Tinubu, who was former Governor of Lagos State, garnered total votes of 8,794,726 to...

March 1, 2023 No Responses

Four Ships Berth At Lagos Port With Petroleum Products

The Nigerian Ports Authority (NPA), on Tuesday disclosed that four ships had arrived the Lagos Port and are waiting to berth with petroleum products. It listed the petroleum products as jet fuel, automobile gasoline and petrol. The authority said that...

March 1, 2023 No Responses

Naira Exchanges For N462 To Dollar At Investors, Exporters Window

The Naira on Tuesday remained unchanged, exchanging at N462 to the dollar at the Investors and Exporters window. The local currency did not change from its value on Monday. An exchange rate of N462.50 to the dollar was the highest...

March 1, 2023 No Responses

NGX, PAPSS Sign MoU On Cross-Border Payments

Nigerian Exchange (NGX) and Pan African Payments Settlement System (PAPSS) on Tuesday signed a Memorandum of Understanding (MoU), to integrate the payments system that would boost cross-border securities transactions across African capital markets. Mr Temi Pop...

March 1, 2023 No Responses

India Bans Oil Tankers Older Than 25 Years

India is ramping up efforts aimed at modernizing its fleet and is reviewing the requirements of the registration and operation of ships to ensure the quality of the Indian flag. As a result, the country is withdrawing trading licenses to...

March 1, 2023 No Responses

GAC MOTOR UNVEILS New Brand Technology

GAC MOTOR has officially released its new brand technology-themed KV and TVC. City Business News report that the release of the new brand theme of technology is dedicated to conveying the brand’s core value and building up the brand image...

February 28, 2023 No Responses

Shell, Hapag-Lloyd Seal LNG Deal

German liner major. Hapag-Lloyd has signed a multi-year agreement for the supply of Liquefied Natural Gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construct...

February 28, 2023 No Responses

Stock Market Gains N207b

The Nigerian bourse on Monday extended its positive performance with market capitalisation gaining N207 billion or 0.69 per cent to close at N30.140 trillion compared with N29.933 trillion on Friday. Also, the All-Share Index (ASI) rose by 379.21 points, repre...

February 27, 2023 No Responses

Geely Launches New Premium Product Series

Geely Auto Group has launched a new high-end electrified product series, Geely Yinhe at a flagship event in Hangzhou. Information obtained by City Business News explained that the first car from the Geely Yinhe range, the Yinhe L7 long-range PHEV...

February 27, 2023 No Responses

Hyundai Begins EV Production In US

Hyundai Motor has commenced production of an electric vehicle (EV) in the US in response to the US Inflation Reduction Act (IRA), which allows no subsidies for imported EVs. Already, the South Korean carmaker has assembled the Genesis GV70 SUV...

February 25, 2023 No Responses

IRI, NDI Task Nigerians On Peaceful Elections

The Joint National Democratic Institute (NDI) and the International Republican Institute (IRI) Election Observation Mission have called on Nigerians to shun violence for peaceful polls . IRI and NDI in a statement on Friday said: “We strongly condemn t...

February 25, 2023 No Responses

Again, Naira Gains At Investors, Exporters Window By N461.17

The Naira on Friday exchanged at N416.17 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.03 per cent compared with the N461.33 it exchanged on Thursday. The open indicative rate closed at N461.25...

February 24, 2023 No Responses

US Nominates Banga To Lead World Bank

United States President, Joe Biden has named Indian-American businessman Ajay Banga as the US pick to lead the World Bank. The move comes as the US increases pressure on the bank to put more emphasis on tackling climate change. Mr Banga....

February 24, 2023 No Responses

Naira Gains At Investors, Exporters Window By N461.33

The Naira on Thursday exchanged at N461.33 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.06 per cent compared with the N461.60 it exchanged on Wednesday. The open indicative rate closed at N461.30....