City BusinessNews Archives — Page 379 of 390

March 23, 2019 No Responses

Tony Elumelu Foundation Announces 3,050 African entrepreneurs

The Tony Elumelu Foundation (TEF) on Friday announced 3,050 African entrepreneurs, drawn from all 54 African countries, selected to join the 5th cycle of its $100million TEF Entrepreneurship Programme. The announcement was made at the Transcorp Hilton Abuja, following a...

March 23, 2019 No Responses

PDP Hails Adeleke’s Victory At Osun Guber Tribunal

The Peoples Democratic Party (PDP) hails the verdict of the Osun State Governorship election tribunal, which upheld the victory of its candidate, Senator Ademola Adeleke, describing the judgement as a victory for democracy and the will of the people. The...

March 23, 2019 No Responses

Hyundai Unveils Smartphone-Based Digital Key

Hyundai has announced plans to introduce new ‘digital key’ technology on future models, allowing drivers to unlock and start their car via a smartphone. Selected new cars will start offering the technology during 2019. Users will download the digital...

March 23, 2019 No Responses

NIMASA Signs Sea Time Training MoU For Nigerian Cadets With India

The Nigerian Maritime Administration and Safety Agency (NIMASA) has restated its commitment to partnerships with international institutions for sea time training of Nigerians under the Nigerian Seafarers Development Programme (NSDP). Director General of NIMASA...

March 22, 2019 No Responses

Air Peace receives 3rd Boeing 777 aircraft

West Africa’s biggest carrier, Air Peace on Wednesday pushed Nigeria’s aviation profile a notch higher with the delivery of its third Boeing 777 aircraft. The airline took delivery of its first Boeing 777 aircraft on February 23, 2018, making history...

March 21, 2019 No Responses

Kia To Launch New Ceed crossover

From the very beginning of Ceed development 15 years ago, Kia has taken an open-minded approach to potential body styles. Many have been considered, and, in creating the new Ceed range, Kia’s European designers have been given the freedom to...

March 20, 2019 No Responses

Nigeria To Auction N100b Bonds

The Federal Government of Nigeria will auction by subscription N100 billion worth of bonds on March 27, 2019. The Debt Management Office (DMO) in a circular on its website on Tuesday explained that the five-year re-opening bonds of N40 billion...

March 20, 2019 No Responses

Transcorp Hotels Shareholders Get 15k Dividend

Shareholders of Transcorp Hotels Plc, have commended the Company for its impressive financial results for the year ended December 31, 2018. The congratulatory remarks were made at the Company’s 5th Annual General Meeting, which took place at ...

March 20, 2019 No Responses

NIMASA, Stakeholders Seal Service Level Agreement

The Federal Government has restated its commitment to prompt an effective service delivery, especially in its Ministries, Departments and Agencies (MDAs), saying it is an essential condition for economic development. President Muhammadu Buhari’s Specia...

March 19, 2019 No Responses

Tony Elumelu Foundation To Announce Selected Entrepreneurs For 2019 Programme March 22

The Tony Elumelu Foundation (TEF) will announce the selected applicants for the 2019 cohort of the Foundation’s flagship Entrepreneurship Programme on March 22, 2019. The event, which marks the 5th round of the Foundation’s Entrepreneurship Programme, will...

March 19, 2019 No Responses

Shipping Firm Invests $55m In Scrubbers

Swedish tanker shipping company Stena Bulk has made a USD 55 million investment in scrubbers that will encompass sixteen of the company’s vessels. As World Maritime News already reported, ten of the company’s IMOIIMAX vessels and five Suezmaxes will be...

March 18, 2019 No Responses

Ecobank Group Faults Forfeiture Claim on Airtel Shares

There is no forfeiture order of the Federal High Court of Nigeria in its proceedings that is directed against Ecobank Transnational Incorporate (ETI) or Ecobank Nigeria Limited, O&O Networks Limited, Special purpose vehicle owned by the Ecobank Group, expl...

March 18, 2019 No Responses

UBA Declares N78.6b Profit, N494b Gross Earnings In 2018

For the 2018 financial year, the United Bank for Africa (UBA) Plc has declared Profit After Tax of N78.6billion, an increase of 1.4 per cent when compared to N77.5 billion recorded in 2017. According to the 2018 financials already filed...

March 16, 2019 No Responses

Access Bank Reports N95b Profit For 2018

For the financial year ended December 31, 2018, Access Bank Plc has declared a profit after tax of N95 billion According to the foremost financial institution, the profit after tax grew by 58 per cent compared with N60.07 billion recorded...