City BusinessNews – Page 272 – City Business News

February 17, 2023 No Responses

Air Peace Begins India Operations March 31

Nigeria’s leading airline, Air Peace, has met with its travel agents preparation to the launch of Mumbai operations on March 31, 2023. The meeting, tagged Travel Agents Forum for Mumbai and Upcoming Routes, was attended by the airline’s top travel...

February 17, 2023 No Responses

VC Inaugurates UNICAL Radio

Vice Chancellor of the University of Calabar, Prof. Florence Obi, has formally inaugurated the Radio Unical International 103.5 FM. Radio Unical International is a dedicated terrestrial/digital Frequency Modulated (FM) radio station in the university, se...

February 17, 2023 No Responses

NAVY ARREST VESSEL, HANDS OVER TO NIMASA

The Nigerian Navy has handed over a Tanker vessel “MT Sea Eunice” which was arrested on August 11, 2022 to the Nigerian Maritime Administration and Safety Agency (NIMASA). The vessel is presently located along Escravos River, close to the...

February 16, 2023 No Responses

FEC Approves Electronic Cargo Tracking Scheme

The Federal Executive Council (FEC) has approved the introduction of an Electronic Cargo Tracking Note Scheme for the country. Briefing Journalists at the end of the Council meeting presided over by President Muhammadu Buhari on Wednesday in Abuja,&...

February 16, 2023 No Responses

Bidding Process For Benin Port Begins

The Federal Ministry of Transportation (FMOT) and the Nigerian Ports Authority (NPA) in collaboration with the Edo State Government, have called for bids for the development of the Benin Port (on an area of approximately 20 hectares) under a public-private...

February 15, 2023 No Responses

TAJBank Lists 1st Corporate Sukuk Bond On NGX

TAJBank Ltd., Nigeria’s foremost non-interest bank, on Tuesday listed its Sukuk Bond on the floor of the Nigerian Exchange (NGX). The bank listed N10 billion Mudarabah Sukuk issuance after it successfully raised over N11.4 billion under its N100 billio...

February 15, 2023 No Responses

Fishermen Lament Cash Crunch, Fuel Scarcity

Artisanal fishermen operating along the Atlantic coastline in Niger Delta on Tuesday lamented the hardships they had been facing as Central Bank of Nigeria (CBN) cashless policy cripple their vocation. Niger Delta Coordinator, Artisanal Fishermen Associa...

February 15, 2023 No Responses

Hyundai Records 306,296 Sales In January

Hyundai Motor Company has announced its January 2023 global sales of 306,296 units, a 8.4 percent increase over last year. City Business News report that despite the continued uncertainties in the business environment, Hyundai global sales have grown ste...

February 15, 2023 No Responses

UBTH Conducts First Open Heart Surgery

The Chief Medical Director (CMD), University of Benin Teaching Hospital, Prof. Darlington Obaseki, has disclosed that the hospital conducted its first open heart surgery in January. Obaseki said this on Tuesday in Benin, at the 50 per cent subsidised spe...

February 14, 2023 No Responses

Ports & Cargo Launches Graduate Training Scheme

Ports & Cargo Handling Services Ltd. (PCHS), a subsidiary of SIFAX Group has inducted 25 young engineers into its newly-established Graduate Trainee Programme. Managing Director, PCHS, Mr John Jenkins, in a statement on Monday explained th...

February 14, 2023 No Responses

AGAIN, SAHCO EMERGES BEST PASSENGER CHECK-IN COMPANY

For the second time in a row, Skyway Aviation Handling Company (SAHCO) Plc has been voted the Best Passenger Front Desk Check-In Company of the Year at the 12th edition of the Nigeria Aviation (NIGAV) Award. City Business News reports th...

February 14, 2023 No Responses

FG To Unveil Carbon Tax

The federal government has concluded plans to unveil a carbon tax policy and budgetary system to enhance revenue generation in the country. The Director-General of the National Council on Climate Change (NCCC), Salisu Dahiru, made this known on Monday wh...

February 13, 2023 No Responses

Oil Falls On Demand Concerns

Oil prices eased on Monday morning after rising 2% in the previous session as investors shrugged off the impact of Russian output cuts, instead focusing on short-term demand concerns stemming from refinery maintenance in Asia and the United States. ...

February 13, 2023 No Responses

Geely Raises $750m For Zeekr Brand

Zeekr, the electric car brand of China’s Geely Automobile Holdings is raising $750 million from five new and existing investors in a funding round that values the brand at $13 billion. Zeekr, which sells two purely electric car models, said.....