City BusinessNews – Page 397 – City Business News

November 6, 2019 No Responses

Audi To Increase Engine Production

Audi will increase the production of engines at its Hungarian factory to 2.25 million units next year, Hungarian Foreign Minister Peter Szijjarto has said. According to agency report, an Audi representative at the premium carmaker’s Ingolstadt headquarters in Germany declined...

November 6, 2019 No Responses

Oyo Re-awards Moniya-Iseyin road for N9.9bn

The Oyo State government has approved N9.9 billion for the reconstruction of Moniya-Iseyin road. The State Commissioner for Works and Transport, Prof. Rapheal Afonja, disclosed this to newsmen on Tuesday in Ibadan shortly after the state Executive Council meet...

November 6, 2019 No Responses

Shipping Firm Loses Charter Deal

Greek shipowner Diana Shipping revealed that a time charter contract for one of its Post-Panamax bulkers has been canceled. Diana recently entered into the time charter deal for its ship Polymnia with Dubai-based Al Ghurair Resources International. “Chartere...

November 5, 2019 No Responses

New Report Puts Global Internet Users At 4.1 Billion

New International Telecommunication Union (ITU) data has revealed that Internet use continues to grow globally, with 4.1 billion people now using the Internet, or 53.6% of the global population.However, an estimated 3.6 billion people remain offline, with the ...

November 5, 2019 No Responses

Enugu To Train 120 On Tomato Farming

The Enugu State Government has concluded plans to train 120 farmers on how to grow tomatoes massively in the state.Mr Benjamin Onuze, Acting Director, Technical Services, Enugu State Agricultural Development Programme (ENADEP), made this known in an interview ...

November 5, 2019 No Responses

Groundnut Producers Seek Support For 17.5m Metric Tonnes Projection

The National Groundnut Producers Processors and Marketers Association of Nigeria (NGROPPMAN), has commended plans by the Federal Government to increase groundnut output to about 17.5 million metric tonnes by the end of 2025.The President of the association, Ai...

November 5, 2019 No Responses

Kia Reveals New Futuron Concept

Kia Motors has revealed its new Futuron Concept, an illuminating all-wheel drive SUV coupe which proposes new designs for future electric vehicles.The Futuron Concept represents the modern and confident image of a progressive electric SUV coupe envisioned by K...

November 5, 2019 No Responses

Total Nigeria Staff, Gtbank, Access, Zenith, Others Seal $170m Eko Atlantic Project Partnership

By Moses Ebosele, ebosele@hotmail.com — Total E&P Nigeria Staff Multipurpose Co-operative Society Limited has secured 20,000Sq.m of land at the prestigious Eko Atlantic City. Located in the Victoria Island axis of Lagos State, Eko Atlantic City...

November 5, 2019 No Responses

How Co-operatives Aid Development in African Economies

–Total E&P Co-op as case study — The rapid advancement of mechanization from the mid-1700s to the early 1800s which is now considered as the Industrial Revolution, resulted in job losses for many skilled workers across Europe. The knock-on effe...

November 5, 2019 No Responses

Kia Joins Top Five Carmakers

South Korean carmaker, Kia Motors, which started its operations in India in August, has joined the list of top five carmakers in the country in terms of market share, leaving behind established players such as Toyota Kirloskar Motors and Honda...

November 5, 2019 No Responses

CBN Implores African Countries On Human Capital Development

As part of measures to compete globally, the Central Bank of Nigeria (CBN) on Monday urged African countries to invest in human capital development. The CBN Governor, Mr Godwin Emefiele, gave the advice at the ongoing African Economic Congress (AEC)...

November 5, 2019 No Responses

Kaduna Sets Aside N3b To Construct Houses For Low Income Earners

Kaduna State Government has earmarked N3 billion for the construction of houses for low income earners in 2020. The Commissioner for Housing and Urban Development, Fausat Ibikunle made the disclosure while defending the ministry’s budget before t...

November 4, 2019 No Responses

Nine MV Bonita Vessel Crew Kidnapped In Benin

Nine crew members of Norwegian shipowner J.J. Ugland have been taken hostage from the bulk carrier MV Bonita.The company explained on Monday that they were kidnapped in the early morning hours of November 2 off Cotonou, Benin Republic.According to the...

November 4, 2019 No Responses

Cornerstone Insurance: Only 2.5m of 12m Vehicles In Nigeria Have Genuine Insurance Cover

Out of 12 million registered vehicles in Nigeria, only 2.5 million have genuine insurance cover, Ikeja branch manager of Cornerstone Insurance plc, Pelumi Akindumusire has said.In a chat with motoring journalists, Akindumusire explained that most m...