City BusinessNews – Page 380 – City Business News

January 19, 2020 No Responses

Firm Seals Charter Deal With Maersk, MSC

German shipping major Hapag-Lloyd has signed a space charter agreement with the members of the 2M Alliance – Maersk and Mediterranean Shipping Company (MSC). Under the arrangement, the space charter deal will give Hapag-Lloyd access to selected services of 2M...

January 17, 2020 No Responses

“Nigeria Not Ready For Implementation Of Eco Single Currency”

Nigeria is not yet ready for the implementation of the ECOWAS Single Currency (Eco) in 2020,Minister of Foreign Affairs, Geoffrey Onyeama has saidOnyeama, who made this known on Thursday in Abuja while speaking with Journalists, explained that Nigeria’s posi...

January 17, 2020 No Responses

FG, States, LGs Share N716.2b

The Federation Accounts Allocation Committee (FAAC) has shared N716.298 billion to the three tiers of government for the month of December 2019.The Permanent Secretary, Ministry of Finance, Budget and National Planning, Alhaji Isa Dutse disclosed this while ad...

January 17, 2020 No Responses

Market Capitalisation Recovers N150b

After two days of loss, trading activities rebounded on the Nigerian Stock Exchange (NSE) on Thursday following investors’ interest in some highly capitalised equities.Specifically, the market capitalisation of listed equities grew by N150 billion or one per...

January 16, 2020 No Responses

New Kia Carnival Debuts

Kia Motors has unveiled new Carnival, its next offering in the Indian market after Seltos.The company in statement explained that Prices and further details of the new MPV and its variants will be revealed at its launch at the upcoming...

January 16, 2020 No Responses

Katsina Bans Use Of Motorcycles, Tricycles

Governor Aminu Masari of Katsina State has signed an Executive Order restricting the use of motorcycles and tricycles between 7pm and 6am across the state with effect from January 20. The state Attorney General and Commissioner of Justice, Alhaji A...

January 16, 2020 No Responses

Mercedes-Benz Delivers 2,339,562 Cars In 2019

The year 2019 was the ninth consecutive record year for Mercedes-Benz, with growth of 1.3% to a total of 2,339,562units delivered worldwide. At the same time, Mercedes-Benz maintained its leading position among the luxury car brands for the fourth year.....

January 15, 2020 No Responses

ICPC To Track Fraudulent Activities In Capital Market

“I understand the need to protect investors because the capital market has been so badly affected by the activities of fraudulent individuals and organizations, Chairman, Independent Corrupt Practices and other Related Offences Commission (ICPC), Prof Bolaji...

January 15, 2020 No Responses

EEDC Stops Collection Of Cash Above N3000

The Enugu Electricity Distribution Company (EEDC) is to stop receiving cash payments above N3,000 from electricity consumers as from February1, 2020.In a statement issued on Wednesday by Head of Communications, EEDC, Mr Emeka Ezeh, explained that customers mak...

January 15, 2020 No Responses

NPA Photo News

Standing Middle: Representative of the Managing Director of NPA and the Executive Director, Marine & Operations, Dr. Sokonte Huttin Davies on his immediate left are Managing Director, Brawal Service Company, Etugbo Charles, Representative of General Manage...

January 14, 2020 No Responses

NSE Projects Outlook For 2020

The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr Oscar Onyema on Monday presented the key performance of the Exchange in 2019 and gave a prognosis for the market in the New Year 2020. Speaking at the event titled: 2019...

January 14, 2020 No Responses

Jaguar Land Rover Posts 557,706 Sales In 2019

Jaguar Land Rover (JLR) has posted a 6% fall in full-year sales after a challenging year in which its performance was hit by the weakening Chinese autos market and falling demand for diesel vehicles in Europe. Retail sales stood at...

January 11, 2020 No Responses

Mercedes-Benz Explains 2.34m Sales In 2019

For the year 2019, Daimler sold 2.34 million Mercedes-Benz passenger cars. Meanwhile, BMW on Friday disclosed that it sold 2.52 million BMW, Mini and Rolls-Royce vehicles in 2019, making it the best-selling premium car group, ahead of rival Daimler. &nbs...

January 11, 2020 No Responses

NUJ Honours Egbemode, Olatunbosun, Others

The Osun State Commissioner for Information and Civic Orientation, Mrs Funke Egbemode, and Oyo State Commissioner for Information, Culture and Tourism, Dr Wasiu Olatunbosun, on Friday bagged awards at the Nigeria Union of Journalists (NUJ) Zo...