Tag: City BusinessNews

Ex-lawmaker Tasks Sanwo-Olu On Rail Development
November 18, 2019 No Responses

Ex-lawmaker Tasks Sanwo-Olu On Rail Development

A former Lagos lawmaker, Mr Dipo Olorunrinu, on Sunday called on Gov. Babajide Sanwo-Olu to invest in rail infrastructure in the state. Olorunrinu, who represented Amuwo-Odofin Constituency I in the 8th Lagos State House of Assembly, told the News Agency...
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Dana Air Airlifts 5.4m Passengers In 11 Years
November 17, 2019 No Responses

Dana Air Airlifts 5.4m Passengers In 11 Years

Dana Air airlifted not less than 5.4 million passengers in the last 11 years of its operations.  A statement issued on Saturday by the airline’s Media and Communications Manager, Mr Kingsley Ezenwa explained that the airline hopes to double the...
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NYSC DG Lauds Border Closure
November 17, 2019 No Responses

NYSC DG Lauds Border Closure

The Director-General of the National Youth Service Corps (NYSC), Brig.-Gen. Shuaibu Ibrahim, has commended the Federal Government over its ongoing closure of the country’s land borders. Ibrahim made the commendation on the sidelines of his visit to inspect f...
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First Bank Photo News
November 16, 2019 No Responses

First Bank Photo News

L-R: Ismail Omamegbe, Head, CR&S and Media & External Relations, FirstBank; Adeola Asabia, Member, Board of Trustees, Samuel Asabia Chair, Business Ethics, University of Lagos, FirstBank Endowment Programme; Banji Fehintola (CFA), President, CFA Societ...
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South African Airways Reintroduces Some Flights
November 16, 2019 No Responses

South African Airways Reintroduces Some Flights

South African Airways (SAA) on Friday  announced that it would reintroduce international flights on Sunday, but would extend its cancellation of regional and domestic flights after a labour strike brought operations to a standstill. The airline said it wa...
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Ford Recalls 165,000 Pickup Trucks
November 16, 2019 No Responses

Ford Recalls 165,000 Pickup Trucks

Ford Motor Company has initiated a recall program for more than 165,000 units of F-150 pickup trucks in North America.  According to the company, the safety recall for the select 2019-20 Ford F-150 vehicles will address improperly secured positive battery...
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SIFAX Group Photo News
November 16, 2019 No Responses

SIFAX Group Photo News

L-R: Kelly Imade, Senior Manager, Administration; Abiodun Elemide, Group Compliance Coordinator; Barr. Ezekiel Ajewole, Executive Director and Senior Special Assistant to Barr. (Dr.) Taiwo Afolabi, Group Executive Vice Chairman; Olushola Adebote, Assistant Gen...
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Volkswagen Budgets $66b For Future Car Models
November 16, 2019 No Responses

Volkswagen Budgets $66b For Future Car Models

Volkswagen is to plough 60 billion euros ($66 billion) by 2024 into its switch to electric, hybrid and connected vehicles, as automakers around the world rev up electrification plans. The company explained on Friday that the sum is an increase...
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Firm Stakes $380m on Six Containerships
November 15, 2019 No Responses

Firm Stakes $380m on Six Containerships

Hong Kong-based Seaspan Corporation has signed an agreement to buy a fleet of six containerships for USD 380 million in cash. The company explained that that the transaction is expected to be financed from additional borrowings as well as cash...
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IOC President Tasks Nigeria On Grassroots Development, Infrastructure
November 15, 2019 No Responses

IOC President Tasks Nigeria On Grassroots Development, Infrastructure

President of the International Olympic Committee (IOC), Dr Thomas Bach, has urged the Federal Government (FG) of Nigeria to strengthen grassroots sports development and infrastructure in order to produce more Olympic champions. Bach gave the advice on Thursday...
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Nissan Records 70% Drop In Profit
November 15, 2019 No Responses

Nissan Records 70% Drop In Profit

Nissan Motor Company has reported 70% drop in profit. The company has also cut its full-year outlook to an 11-year low, as the Japanese automaker continued to grapple with falling sales and the aftermath of the ouster of former Chairman...
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Fidelity Bank Photo News
November 15, 2019 No Responses

Fidelity Bank Photo News

L-R: – Iyaloja of Bodija Market, Alhaja Sikiratu Adebayo; Divisional Head, Retail Group, Fidelity Bank Plc, Richard Madiebo; Regional Bank Head, Southwest 1, Fidelity Bank Plc, Adebayo Adeyinka; Babaloja of Bodija Market, Alhaji S.A. Jimoh; Executive Dir...
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NAHCO Generates N7.38b Revenue, N782M Profit In Q3
November 14, 2019 No Responses

NAHCO Generates N7.38b Revenue, N782M Profit In Q3

By citybusinessnews@yahoo.com For the nine months ended September 30, 2019, the Nigerian Aviation Handling Company Plc (nahco aviance) has declared gross revenue of N7.38Billion.The Company also posted Profit Before Tax of 973.1 million. The figure is 241...
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Osun Budgets N119.5b For 2020
November 14, 2019 No Responses

Osun Budgets N119.5b For 2020

Governor Gboyega Oyetola of Osun, on Thursday, presented N119.5 billion budget to the state House of Assembly for the 2020 fiscal year.Oyetola, while presenting the budget tagged, ‘Budget of Restoration’, said the presentation of the budget was in accordan...
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