City BusinessNews Archives — Page 353 of 369

April 21, 2019 No Responses

Toyota, Firm Invest $1b In Uber

Japan’s top automaker Toyota, auto parts maker Denso and internet company SoftBank‘s investment fund are investing $1 billion in car-sharing Uber‘s technology unit. The Japanese companies said Friday that Toyota Motor Corp. and Denso Corp. will together invest $667 million and SoftBank Corp.’s Vision...

April 20, 2019 No Responses

Ford Ranger To Attain $1b Profit

Ford Motor Co’s shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official has said. According to the company, the proposed increase in earnings...

April 20, 2019 No Responses

18 Years After, Woman Delivered Of Five Babies

A 42-year-old woman has given birth to five babies (quintuplets) at Federal Medical Centre (FMC), Lokoja, Kogi, after 18 years of barrenness. Mrs Uchenna Okeigbo and her kids are in good condition, according to the News Agency of Nigeria (NAN)....

April 20, 2019 No Responses

Catholic Bishops Preach Good Neighbourliness At Easter

The Catholic Archbishop of Lagos, Dr. Adewale Martins, and the Catholic Bishop of Awka Diocese, Anambra State, Most Rev. Paulinus Ezeokafor, have called on Nigerians to maintain a pious lifestyle make charity a way of life. In his Easter message...

April 19, 2019 No Responses

NPA Photo News

The Nigerian Ports Authority (NPA) received an appreciation award for her outstanding contribution towards the success of the Freedom Online 2nd Annual Lecture in Lagos, on Thursday: L-R: Special Adviser To the President, Femi Adesina presenting the plaque of ...

April 19, 2019 No Responses

At AGM, Shareholders Laud Board, Management Of GTBank

Shareholders of Guaranty Trust Bank Plc (GTBank) on Thursday in Lagos commended the board and management of the bank for sustaining growth and profitability despite challenges. Speaking at the 2018 Annual General Meeting (AGM), the shareholders also appr...

April 19, 2019 No Responses

Toyota Unveils New Highlander

Toyota Motor Corporation has unveiled a bigger and bolder Highlander for 2020 with more efficient hybrid powertrain. The redesigned fourth-generation Highlander made its debut on Wednesday at the 2019 New York International Auto Show and is due on ...

April 18, 2019 No Responses

NPA Photo News

The Presidential Enabling Business Environment Council (PEBEC) held aninteractive session with Stakeholders in the Maritime Industry to find solution to the ApapaTraffic Gridlock, the Management of the Nigerian Ports Authority (NPA)were among dignitaries at th...

April 18, 2019 No Responses

LNG Firm Secures $700m Financing Option

Golar LNG Limited has received a firm USD 700 million underwritten financing commitment for the conversion of the floating liquefied natural gas (FLNG) vessel Gimi. The financing has been provided to Gimi MS Corporation, owned by Golar LNG Limited with...

April 17, 2019 No Responses

CBN Lifts Forex Market With $210m

The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, April 16, 2019. According to figures obtained from the Bank, authorized dealers in...

April 17, 2019 No Responses

NSE Photo News

The President of the National Council of The Nigerian Stock Exchange, Otunba Abimbola Ogunbanjo ( 1st right) accompanied by Alhaji Aliko Dangote ( 2nd right), GCON, President, Dangote Group and former President NSE and Mr. Aigboje Aig-Imoukhuede ( 2n...

April 17, 2019 No Responses

Ecobank, Terrakulture Seal Partnership

EcobankPay, the lifestyle digital payment and collections service of Ecobank Nigeria has entered into partnership with TerraKulture, Nigeria’s foremost stage play and cultural show promoters with Bolanle-Austen Peters as lead. Through this partnership,...

April 17, 2019 No Responses

Hyundai Secures $600m Gas, Tanker Orders

South Korea’s Hyundai Heavy Industries has secured orders for five new gas and crude carriers, with a value of around USD 600 million, in recent weeks. The shipbuilder said that the units were ordered by European and Asian ship owners...

April 16, 2019 No Responses

Group Unveils Agenda To Tackle Maritime Corruption

The International Maritime Organization (IMO) is to address maritime corruption by including the issue in its work programme for the Facilitation Committee. The decision to include an anti-corruption agenda came at the latest meeting of the IMO’s Facilitatio...