City BusinessNews Archives — Page 299 of 369

November 5, 2019 No Responses

How Co-operatives Aid Development in African Economies

–Total E&P Co-op as case study — The rapid advancement of mechanization from the mid-1700s to the early 1800s which is now considered as the Industrial Revolution, resulted in job losses for many skilled workers across Europe. The knock-on effect...

November 5, 2019 No Responses

Kia Joins Top Five Carmakers

South Korean carmaker, Kia Motors, which started its operations in India in August, has joined the list of top five carmakers in the country in terms of market share, leaving behind established players such as Toyota Kirloskar Motors and Honda...

November 5, 2019 No Responses

CBN Implores African Countries On Human Capital Development

As part of measures to compete globally, the Central Bank of Nigeria (CBN) on Monday urged African countries to invest in human capital development. The CBN Governor, Mr Godwin Emefiele, gave the advice at the ongoing African Economic Congress (AEC)...

November 5, 2019 No Responses

Kaduna Sets Aside N3b To Construct Houses For Low Income Earners

Kaduna State Government has earmarked N3 billion for the construction of houses for low income earners in 2020. The Commissioner for Housing and Urban Development, Fausat Ibikunle made the disclosure while defending the ministry’s budget before t...

November 4, 2019 No Responses

Nine MV Bonita Vessel Crew Kidnapped In Benin

Nine crew members of Norwegian shipowner J.J. Ugland have been taken hostage from the bulk carrier MV Bonita.The company explained on Monday that they were kidnapped in the early morning hours of November 2 off Cotonou, Benin Republic.According to the...

November 4, 2019 No Responses

Cornerstone Insurance: Only 2.5m of 12m Vehicles In Nigeria Have Genuine Insurance Cover

Out of 12 million registered vehicles in Nigeria, only 2.5 million have genuine insurance cover, Ikeja branch manager of Cornerstone Insurance plc, Pelumi Akindumusire has said.In a chat with motoring journalists, Akindumusire explained that most m...

November 4, 2019 No Responses

Lagos To Relocate Trade Fair To Permanent Site

The Lagos State Government is to relocate the Lagos International Trade Fair from Tafawa Balewa Square (TBS) to a permanent site.Speaking on Monday after visiting some pavilions at the ongoing 2019 Lagos International Trade Fair, taking place at the Tafawa...

November 4, 2019 No Responses

Peugeot, Fiat Chrysler To Sign $50b Merger Deal In December

Fiat Chrysler and Peugeot owner PSA aim to sign a final merger agreement as early as the beginning of December. The two automakers explained last week that they planned to join forces in a 50-50 share merger to create the...

November 4, 2019 No Responses

Border Closure: Customs Dismisses January 2020 Terminal Date

All Nigerian land borders will remain partially closed. No date has been set for reopening, the Nigerian Customs Service (NCS) clarified on Sunday. Reacting to reports in the media insinuating January 2020 terminal date, spokesman of the NCS, Mr. Joseph....

November 4, 2019 No Responses

ENL Explains N4b Expenditure, Set 2022 completion time for Ibadan Road Project

ENL Consortium Limited, the company handling the construction of the East Wing section of Ibadan Circular Road project, has expressed its commitment to the completion of the road in 2022. Meanwhile, the company said it has committed about N4 billion...

November 4, 2019 No Responses

FRSC Probes Origin Of Number Plate

The Corps Marshal, Federal Road Safety Commission (FRSC), Dr Boboye Oyeyemi, has ordered investigation into a particular plate number in Kano. The number plate has the inscription of “Chip Whip” purportedly for a member of the Kano state House of...

November 3, 2019 No Responses

Border Closure: Nigeria Reassures Farmers Of Support

The Minister of State for Agriculture and Rural Development, Mustapha Shehuri, on Saturday reassured farmers on accessibility of better farming equipment and government support. Shehuri gave the assurance when he visited the Livestock House of the Federa...

November 3, 2019 No Responses

Obaseki Condemns Attack At Oshiomhole’s House

The Edo State Governor, Mr. Godwin Obaseki has condemned the attack on him, the Oba of Lagos, Oba Rilwan Akiolu, Chancellor of the Edo University, Iyahmo, Dr. Aderemi Makanjuola and other guests at the residence of former Governor of the...

November 3, 2019 No Responses

New Fiat Pick Up Debuts At Lagos Trade Fair

Fortified with 2.4lit engine and available in single and double engine, a new Fiat Pick Up has joined ongoing competition in the Nigerian market. A reporter from City BusinessNews (www.citybusinessnews.com) who was at the ongoing lagos Internation Trade ...