City BusinessNews Archives — Page 332 of 368

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...

July 23, 2019 No Responses

BMW Delivers 12,52,837 Units In Six Months

BMW Group has posted its best-ever first half of the year sales with 12,52,837 units sold between January-June 2019, marking 0.8% growth compared to the same period last year, says the German company in a release. This success bucks the...

July 22, 2019 No Responses

LNG: Firm Seals Long-Term Contract To China

Canadian company, FortisBC has entered into its first term supply agreement to produce liquefied natural gas (LNG) for Top Speed Energy Corporation to export to China. This term supply agreement is said to be a major development in Canada’s LNG...

July 22, 2019 No Responses

Photo News

Treasurer, Fund Managers Association of Nigeria, Mrs Tope Omojokun, President, FMAN Mr Dayo Obisan, Acting, Director General,Securities and Exchange Commission Ms Mary Uduk and Acting Executive Commissioner, Operations, SEC Mr Isyaku Tilde during a...

July 21, 2019 No Responses

Iran Seizes British Tanker

(BBC)–There will be “serious consequences” if Iran does not release a British-flagged tanker seized in the Gulf, Foreign Secretary Jeremy Hunt has said. The Stena Impero’s owners say they have been unable to contact their vessel, which ...

July 20, 2019 No Responses

NPA Appoints New General Managers

The Management of Nigerian Ports Authority, (NPA) has appointed new General Managers (GM) and Assistant General Managers. A statement issued on Friday by General Manager, Corporate and Strategic Communications, Jatto Adams explained that Hajia Aisha Ali ...

July 20, 2019 No Responses

CBN Partners Churches, Mosques On Financial Literacy

Central Bank of Nigeria (CBN) on Friday said it is in partnership with churches and mosques in the promotion of financial literacy in the country. The bank’s Director, Consumer Protection Department, Mr Kofo Salam-Alada made this known in an interview...

July 20, 2019 No Responses

Court Remands Two In Prison For Assaulting FRSC Marshals

A motorcycle rider named Yahaya Yakubu and a passerby Yusha’u Maishanu who assaulted an FRSC patrol team from Argungu Unit Command in Kebbi State on 18th July,2019, while resisting arrest have been remanded in Prison Custody till 24th July, 2019....

July 19, 2019 No Responses

BMW Names New CEO

BMW has named its top production manager, Oliver Zipse, as CEO to lead the luxury automaker through a shift to new ways of doing business such as electric vehicles and offering cars on a per-use basis.The company said Thursday that...

July 19, 2019 No Responses

Egypt Unveils Shipping Incentives

The Egyptian government has announced a new package of incentives and discounts for shipping companies in a bid to ensure the sustainability of shipping lines’ schedules.Vessels calling at Egyptian ports and transiting Suez Canal can now expect savings reach...

July 19, 2019 No Responses

Eleven Authors Contend For $100,000 Prize For Literature

The Advisory Board for The Nigeria Prize for Literature today, Thursday 18 July, announced the shortlist of 11 drawn from 173 books, in the running for the 2019 edition of the prize.The 11 books on the shortlist of 11, in...