City BusinessNews Archives — Page 305 of 369

October 22, 2019 No Responses

Exxon Mobil Accused Of Misleading Investors

An unprecedented climate change lawsuit against American oil giant Exxon Mobil is set to go ahead in New York. The state has accused the company of misleading investors about the potential costs of climate regulation to its business. Exxon says...

October 22, 2019 No Responses

Kia Employs 1,000 New Staff As Bookings For Seltos Exceed Expectations

Enthused by the sustained bookings for Seltos SUVs which have crossed 60,000 units, Kia Motors has started its second shift at Anantapur facility in Andhra Pradesh in India to take the capacity to over 15,000 units a month by adding...

October 21, 2019 No Responses

Controversy Trails Makinde’s N8b Iwo Road Project

The Oyo State chapter of the All Progressives Congress (APC) has criticised plan by the Governor Seyi Makinde-led administration to spend N8 billion on a proposed reconstruction of the popular Iwo Road interchange in Ibadan, the state capital. The...

October 21, 2019 No Responses

Nigeria To Secure $3b Power Sector Loan

The Minister of Finance, Mrs Zainab Ahmed, on Sunday said the Federal Government’s request for a World Bank loan to finance the power sector was at the verge of being granted. Ahmed stated this at a media briefing on activities...

October 21, 2019 No Responses

Photo News

Left to Right: Director General, West African Monetary Institute, Dr. Ngozi Egbuna, Deputy Governor, Central Bank of Nigeria, Mrs Aisha Ahmad and Acting Director General, Securities and Exchange Commission (SEC) on Sunday at the ongoing annual meetings of the ...

October 21, 2019 No Responses

Nigeria Pledges Full Support For 2019 AFRIMA

The Federal Government has pledged its full support for the successful hosting of the 2019 All Africa Music Awards (AFRIMA), as the country prepares to host the glamorous event in Lagos 20-23 November 2019, with the theme: ”Feel Africa”. The...

October 21, 2019 No Responses

NNPC Reiterates Commitment To Deliver Value In Oil, Gas Sector

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to deliver value across the entire value chain of the oil and gas industry for the benefit of Nigerians. NNPC Group Managing Director, Malam Mele Kyari ,gave the assurance in...

October 20, 2019 No Responses

Total Unveils 1st LNG Bunker Vessel

Total’s first large Liquefied Natural Gas (LNG) bunker vessel has been launched in China. According to the French energy major, the vessel is slated for delivery in 2020 and will operate in Northern Europe where it will supply LNG to...

October 20, 2019 No Responses

“Nigeria Must Process Export-Bound Agric Products To Add Greater Value, Income”

Nigeria must process export-bound agricultural products to add greater value, maximize income, the Internal Audit Director of the African Export-Import Bank, Mr Abel Osuji, has said. Osuji gave the advice in Lagos on Saturday while delivering a lec...

October 20, 2019 No Responses

Renault Explains Drop In Sales

Renault has cut its revenue guidance for 2019 further and lowered its profitability forecast, citing difficulties in markets such as Turkey and Argentina as carmakers grapple with a broad-based slump in auto sales. Renault, which has just rejigged its top...

October 19, 2019 No Responses

NSE Lists Union Bank’s N30b Bond

By citybusinessnews@yahoo.com — The Nigerian Stock Exchange (NSE) on Friday listed on its daily official list Union Bank of Nigeria Plc’s N30billion bond. In a notice to dealing members, Godstime Iwenekhai, Head, Listings Regulation Department ex...

October 19, 2019 No Responses

Tata Rules Out Sale Of Jaguar Land Rover

Tata Motors, which owns Jaguar Land Rover (JLR), said it is open to finding partners for the automaker but isn’t planning on selling the embattled unit. “We’re not going to sell,” said N Chandrasekaran, chairman of Tata Sons, the holdin...

October 19, 2019 No Responses

CBN Injects $325.5m Into Retail Market

The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short tenored forwards segment of the inter-bank foreign market. The bank’s Director, Corporate Comm...

October 19, 2019 No Responses

Mahindra Inaugurates All-Women Auto Service Workshop

Mahindra & Mahindra on Friday announced the inauguration of India’s first all-women-run automobile service workshop in Jaipur. According to the company, this is part of the its larger initiative named ‘Pink Collars’ to promote recruitment of wo...