Tag: City BusinessNews

Photo News
September 9, 2019 No Responses

Photo News

L-R,  Chief Executive Officer, Federal Competition and Consumer Protection Commission, Mr Babatunde Irukera, FCCPC  Deputy Director Legal  Mrs Bolanle Adeyinka, Acting, Director General,Securities and Exchange Commission Ms Mary Uduk and Head ofDepartment,  Securities and Investments Services, SEC Mr AbbasAbdulkadir Du...
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Toyota, Ford, Others To Invest $4b In Auto Sector
September 8, 2019 No Responses

Toyota, Ford, Others To Invest $4b In Auto Sector

Africa’s top vehicle manufacturer, South Africa, could see as much as 60 billion rand ($4.04 billion) invested in its vehicle and component sector over the next five years.  President of the National Association of Automobile Manufacturers (NAAMSA) ...
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Xenophobic Attacks: Over 5000 Jobs Lost In Lagos
September 8, 2019 No Responses

Xenophobic Attacks: Over 5000 Jobs Lost In Lagos

Lagos State Governor Babajide Sanwo-Olu has revealed that during  the xenophobic attacks in Lagos  over 5000 jobs were lost.. Speaking after inspecting some damaged facilities in the wake of the xenophobic attacks in the state, condemned the attacks ...
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NIMASA Explains Support For Essay Competition
September 8, 2019 No Responses

NIMASA Explains Support For Essay Competition

The Nigerian Maritime Administration and Safety Agency (NIMASA) has stated that one of the reasons for purring the annual essay competitions together as part of the activities to commemorate the 2019 World Maritime Day is to encourage youth participation in...
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Max Airline Skids Off Runway At Minna Airport
September 8, 2019 No Responses

Max Airline Skids Off Runway At Minna Airport

No fewer than 550 pilgrims from Niger who performed this year’s hajj in Saudi Arabia on Saturday escaped death at the Minna International Airport as the Max Airline plane conveying them back to Nigeria skidded off the runway. Hassana Isah,...
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Fertilizer Market In Nigeria, Tanzania Get $54m Boost
September 7, 2019 No Responses

Fertilizer Market In Nigeria, Tanzania Get $54m Boost

The African Development Bank and the African Fertilizer and Agribusiness Partnership (AFAP) have signed two grant agreements to implement trade credit guarantees worth $5.4 million to support fertilizer value chains in Nigeria and Tanzania, potentially benefit...
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Seaport Gets New Terminal, Additional Berths
September 7, 2019 No Responses

Seaport Gets New Terminal, Additional Berths

Ukraine’s Port of Chornomorsk is set to undergo an upgrade worth over UAH 3 billion (USD 118.8 million), receiving a new grain terminal and additional berths. The investment is part of a public private partnership between state-owned Ukrainian Sea Ports...
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CBN Injects $321.11m, CNY 33.3m Into Retail SMIS
September 7, 2019 No Responses

CBN Injects $321.11m, CNY 33.3m Into Retail SMIS

The Central Bank of Nigeria (CBN) has made another intervention in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $321, 112,537.31. Figures obtained from the CBN on Friday,September 6, 2019, indicated that the sum of CNY33, 304,365.10...
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Peugeot Restructures Joint Venture
September 7, 2019 No Responses

Peugeot Restructures Joint Venture

Peugeot automaker, PSA Group and its Chinese partner Dongfeng Group have concluded  a plan to restructure their joint venture operations, slashing costs in the short term and aiming to boost annual sales to 400,000 vehicles by 2025.  Dongfeng Peugeot...
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SIFAX Group Photo News
September 7, 2019 No Responses

SIFAX Group Photo News

L-R: Oba Olusanya Dosunmu, Olowu of Owu and Chairman of SIFAX Group inducting Barr. (Dr.) Taiwo Afolabi (MON), Group Executive Vice Chairman, SIFAX Group as an Ambassador/Patron of the Senior Citizens Care Foundation. With them is Prince Bola Ajibola, Chairman...
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PDP Decries Invasion Of Umahi’s Residence
September 7, 2019 No Responses

PDP Decries Invasion Of Umahi’s Residence

The Peoples Democratic Party (PDP) has called on the Inspector-General of Police, Mohammed Adamu, to immediately apprehend those behind the invasion of the Abuja residence of Ebonyi Gov. Dave Umahi. The party, in a statement by its National Publicity Secretary...
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Xenophobia: Nigeria Insists On Compensation For Victims
September 7, 2019 No Responses

Xenophobia: Nigeria Insists On Compensation For Victims

Minister of Foreign Affairs, Mr Geoffrey Onyeama, says that the Federal Government will demand that victims of the xenophobic attacks on Nigerians in South Africa be compensated by that country. Onyeama who said this after a closed door meeting with...
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Mercedes-Benz Delivers 177,819 Vehicles In August
September 7, 2019 No Responses

Mercedes-Benz Delivers 177,819 Vehicles In August

With sales of 177,819 cars in August, Mercedes-Benz posted double-digit growth (+14.0%) for the second time in succession. At the same time, a new record was set for the month of August.  Double-digit sales growth in all three regions –...
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Kia Pegas Drives Into Middle East
September 7, 2019 No Responses

Kia Pegas Drives Into Middle East

Kia has unveiled the new compact Pegas in the Middle East. Spacious, economical and highly practical, the new Kia Pegas compact sedan is already  on-sale across the region. Entirely new to the region, the Kia Pegas is a smart option...
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