City BusinessNews – Page 377 – City Business News

February 3, 2020 No Responses

Shipowners Seek Fluidity Of Trade Despite Brexit

As the United Kingdom stopped being a member of the European Union on January 31, 2020, European shipowners have called on both UK and EU regulators to continue their close alignment when it comes to shipping issues.The European shipowners emphasized...

February 3, 2020 No Responses

New Hyundai Creta Debuts

Hyundai Motor has concluded plans to showcase a range of products and future technologies, including the all new Creta and updated version of Tuscon, at the 2010 Auto Expo.According to the company, the 2020 Tuscon will be unveiled on February...

February 3, 2020 No Responses

Nigeria Emerges Host Of West African Rugby Series

The President of Nigeria Rugby Football Federation (NRFF), Kelechi Mbagwu, on Monday said that Nigeria had got the nod to host the 2nd West African Rugby Series (WARS) later in the year.Mbagwu told the News Agency of Nigeria (NAN) on...

February 3, 2020 No Responses

Finance Act Represents Landmark Achievement For Nigerian Capital Market‘

By Citybusinessnews@yahoo.com The Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar Onyema on Monday described the signing of the Finance Bill into law as a landmark achievement for the Nigerian Capital Market.In a welcome address at a symposi...

February 3, 2020 No Responses

How To Attract Investors To African Capital Markets, By Fourier, CEO, JSE

Most African Capital Markets are too small to attract the attention of international investors, the Chief Executive Officer, Johannesburg Stock Exchange (JSE), Dr Leila Fourie has said. To reverse the trend, Fourier has called for adequate liquidity thro...

February 3, 2020 No Responses

SEC Boss : Private Equity Firms Are Agents of Economic Growth

The Acting Director General of the Securities and Exchange Commission, Ms Mary Uduk, has said that Private Equity (PE) firms are important agents of business and economic growth, as they bring capital to business. Uduk spoke at the Udo Udoma...

February 2, 2020 No Responses

Nigeria Proposes 10, 000 Tractors For Farmers

The Federal Government has concluded plans to distribute over 10, 000 tractors and inputs to farmers in the 774 Local Government Areas. The Minister of Agriculture, Sabo Nanono, made the disclosure when he paid a courtesy visit to the Emir...

February 1, 2020 No Responses

UBA Revamps NextGen Account

United Bank for Africa (UBA) Plc, has revamped its NextGen account which targets students in tertiary institutions and members of the National Youth Service Corps (NYSC), with added features and benefits. A statement issued on Friday explained that NextGen is....

January 31, 2020 No Responses

Interswitch Lists ₦23b Bond On NSE

The Nigerian Stock Exchange (NSE) on Friday admitted Interswitch Limited’s N23billion Bond.The Callable Senior Unsecured Bond, with a tenor of seven years, at a fixed rate of 15 percent, is part of a N30 billion Debt Issuance Programme issued through.....

January 31, 2020 No Responses

Market Capitalisation Declines By N96b In January

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday closed trading for the month of January below 29,000 mark following the dominance of the bears.Specifically, the index on Friday dipped 187.40 points or 0.65 per cent to close...

January 31, 2020 No Responses

Prices Of Vehicles May Soar As NADDC Proposes 125% Import Tariff

Nigeria’s automotive sector regulator, National Automotive Design and Development Council (NADDC) has proposed 100 per cent import tariff for Fully Built Units (FBUs) and 125 per cent for used cars. The Federal Government had in November 2013, raised d...

January 31, 2020 No Responses

Market Capitalisation Drops By N41b

Transactions on the Nigerian Stock Exchange(NSE) on Thursday maintained downward trend for the fourth consecutive trading day with the market indicators extending its losing streak by 0.27 per cent. The News Agency of Nigeria (NAN) reports that the market capi...

January 31, 2020 No Responses

Kano Spends N500m To Train 200 Auto Mechanics‎

The Kano State Government said it had spent N500 million on training and empowerment of 200 youths as mechanics, panel beaters and welders at the Peugeot Automobile and Nigeria Training Centre, Kaduna. Governor Abdullahi Ganduje disclosed this on Thursday duri...

January 30, 2020 No Responses

Minister Tasks Stakeholders On Auto Policy Review

The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, on Thursday implored automotive stakeholders to make input to the proposed amendment to the Draft Automotive Policy and Nigerian Automotive Industry Development Plan (NAIDP) as part of measure...