City BusinessNews Archives — Page 331 of 368

July 26, 2019 No Responses

Nissan To Sack 10,000 Workers

Nissan plans to cut more than 10,000 jobs globally, according to Japanese media reports. The move comes as a part of company’s path of turning around its business and indicates tough road ahead with management upheaval. In May, the company...

July 26, 2019 No Responses

FG, States, LGs Share N762.597b In June

The Federation Accounts Allocation Committee (FAAC) has shared a total of N762.597 billion to the three tiers of government for the month of June 2019. The N762.597 billion comprised revenue from Value Added Tax (VAT), Exchange Gain and Gross Statutory...

July 26, 2019 No Responses

Gbajabiamila: Nigeria Looks to Marine Resources for Economic Recovery

Nigeria’s rich maritime resources represent a vital economic safeguard and vehicle for the successful implementation of the President Muhammadu Buhari government’s Economic Recovery and Growth Plan (ERGP), which must be sustainably tapped, Speaker of the H...

July 26, 2019 No Responses

Photo News

L-R: Permanent Secretary, Federal Ministry of Environment, Dr Ibukun Odusote; Chairman, Nigerians in Diaspora Commission, Mrs Abike Dabiri-Erewa; Secretary to the Government of the Federation, Mr Boss Mustapha; and Division Head, Retail Banking, Fidelity Bank ...

July 25, 2019 No Responses

Presco Reward Shareholders With N2b Dividend For 2018

By Moses Ebosele, ebosele@hotmail.com — For the year ended December 31, 2018, Shareholders of Presco Plc on Wednesday approved proposal by the Board of Directors to pay N2billion dividend, amounting to 200kobo per share. The company within t...

July 25, 2019 No Responses

MTN Appoints Ndukwe Chairman Designate As Dozie Retires

By Moses Ebosele, ebosele@hotmail.com — Foremost Telecoms firm, MTN on Wednesday announced the retirement of its board chairman, Pascal Dozie and five other non-executive directors . The company also announced the appointment of former Executive Vi...

July 25, 2019 No Responses

Nasarawa To Partner PAN On Locally Assembled Vehicles, Training

Nasarawa State Governor, Engr. Abdullahi A. Sule has described PAN Nigeria Limited, assemblers of Peugeot brand of vehicles, as “a pride of the Nigerian economy.” He made this remarks when a team of the Management of PAN led by General...

July 25, 2019 No Responses

Access Bank Unveils More DiamondXtra Monthly Draw Winners

Ten Nigerians have emerged in the monthly draw of the DiamondXtra savings scheme season eleven initiated by Access Bank. The presentation, which took place in various states across Nigeria saw Samuel Ebu, Stanley Igwe, Olusina Fadare, Amos Tochukwu, Orun...

July 24, 2019 No Responses

NNPC Seals $3.15b Financing For OML 13

The quest by the Nigerian National Petroleum Corporation (NNPC) to increase the nation’s crude oil reserves and daily oil production to 3million barrels per day has received a major boost with the signing of a $3.15bn Financing and Technical Services...

July 24, 2019 No Responses

FRSC Promotes 64 Assistant Corps Commanders To Deputy Corps Commander

As part of the corporate drive of the Federal Road safety Commission, to continually celebrate hard work and excellence, the Board of the Federal Road Safety Commission has on Wednesday, 22 July, 2019 approved the promotion of 64 senior Officers...

July 24, 2019 No Responses

CBN Retains Monetary Policy Rate At 13.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained the Monetary Policy Rate (MPR) at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele made this known while addressing newsmen on outcome of the MPC...

July 24, 2019 No Responses

Mercedes-Benz Secures Approval For Driverless Parking

Bosch and Daimler have reached a milestone on the way to automated driving: the two companies have now obtained approval from the relevant authorities in Baden-Württemberg for their automated parking system in the Mercedes-Benz Museum parking garage in Stuttg...

July 24, 2019 No Responses

Railway Group Lauds Re-Appointment Of Amaechi

A railway advocacy group,African Railway Roundtable has commended President Muhammadu Buhari of Nigeria for re-appointing former Minister of Transportation,Rotimi.Amaechi into the Nigerian federal cabinet. In a statement issued by its Chief Operating Officer,S...

July 23, 2019 No Responses

British Airways Pilots Vote In Favour Of Strike

British Airways pilots have voted in favour of strike action in a dispute over pay, threatening a walkout over the key summer holiday period. The British Airline Pilots’ Association (Balpa) said 93% of its members had voted in favour of...