City BusinessNews Archives — Page 344 of 356

March 30, 2019 No Responses

14 Years After, Wema Bank Shareholders To Get Dividend

The Board and Management of Wema Bank Plc has concluded plans to reward ts shareholders with dividend, 14 years after the exercise was suspended due to various challenges. For the year ended December 31, 2018, the Bank’s gross earnings increased...

March 29, 2019 No Responses

MPR Reduction: More Experts Laud CBN

The Lagos Chamber of Commerce and Industry (LCCI) has commended the Central Bank of Nigeria (CBN) for reducing the Monetary Policy Rate (MPR) by 50 basis points from 14 per cent to 13.5 per cent. Its Director-General, Mr. Muda Yusuf...

March 29, 2019 No Responses

Entities Must Identify, Block Fraudsters, Says Saleh, CEO, Egyptian Stock Exchange

The Executive Chairman, Egyptian Stock Exchange, Mohamed Farid Saleh, has advised financial institution to put in place a detailed Know Your Customer (KYC) policy as part of measures to curtail financial crimes. In a chat with WFE in house magazine,...

March 29, 2019 No Responses

Tata Delivers 1.1m Vehicles In 2018

For the year 2018, Tata Motors sold 1.049 million units. Tata Motors has become the first Indian automaker to cross the one-million-sales mark, beating Chinese giants Changan and SAIC, to be the world’s 16th largest light vehicles company. Tata Motors s...

March 29, 2019 No Responses

Firms Seal 12-Year LNG Deal

Monaco-based LNG carrier owner and operator GasLog has entered into a 12-year fixed-term charter with Japan’s JERA for a newbuild LNG carrier. GasLog signed the agreement with LNG Marine Transport Limited, the principal LNG shipping entity of JERA. The vesse...

March 28, 2019 No Responses

FG, States, LGs Share N619.85b

The Accountant-General of the Federation (AGF), Mr Ahmed Idris, on Wednesday said the Federal Government shared N619.85 billion, as revenue generated in February to the three tiers of government. The amount showed an increase of about N9.49 billion from what.....

March 28, 2019 No Responses

Bajaj Unveils New Motorcycle

Two-wheeler manufacturer, Bajaj Auto has announced the launch of Patina 100 Kick Start (KS), regarded as entry-level motorcycle. Commenting on the introduction of the new variant, Sarang Kanade, President Motorcycle Business said “...

March 28, 2019 No Responses

Air Peace Strengthens Asaba Operations With B737 Aircraft

Air Peace on Wednesday deployed a Boeing 737 aircraft to service its Asaba operations, saying the development was in response to the yearnings of members of the flying public for a bigger-capacity equipment on the route. The Boeing 737 aircraft...

March 28, 2019 No Responses

Buhari Greets Tinubu At 67

President Muhammadu Buhari sends warm felicitations to the National Leader of All Progressives Congress (APC) Asiwaju Bola Ahmed Tinubu on his 67th birthday, March 29th, 2019, describing him as one of the strong pillars of Nigeria’s democracy. President Buha...

March 28, 2019 No Responses

Mercedes-Benz, Peugeot, Ford, Others To Adopt Mandatory Vehicle Speed Limiters

Speed limiting technology looks set to become mandatory for all vehicles sold in Europe from 2022, after new rules were provisionally agreed by the EU. Already, Mercedes-Benz, Ford, Peugeot-Citroen, Renault and Volvo have models available with some of th...