City BusinessNews – Page 404 – City Business News

October 21, 2019 No Responses

NNPC Reiterates Commitment To Deliver Value In Oil, Gas Sector

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to deliver value across the entire value chain of the oil and gas industry for the benefit of Nigerians. NNPC Group Managing Director, Malam Mele Kyari ,gave the assurance in...

October 20, 2019 No Responses

Total Unveils 1st LNG Bunker Vessel

Total’s first large Liquefied Natural Gas (LNG) bunker vessel has been launched in China. According to the French energy major, the vessel is slated for delivery in 2020 and will operate in Northern Europe where it will supply LNG to...

October 20, 2019 No Responses

“Nigeria Must Process Export-Bound Agric Products To Add Greater Value, Income”

Nigeria must process export-bound agricultural products to add greater value, maximize income, the Internal Audit Director of the African Export-Import Bank, Mr Abel Osuji, has said. Osuji gave the advice in Lagos on Saturday while delivering a lec...

October 20, 2019 No Responses

Renault Explains Drop In Sales

Renault has cut its revenue guidance for 2019 further and lowered its profitability forecast, citing difficulties in markets such as Turkey and Argentina as carmakers grapple with a broad-based slump in auto sales. Renault, which has just rejigged its top...

October 19, 2019 No Responses

NSE Lists Union Bank’s N30b Bond

By citybusinessnews@yahoo.com — The Nigerian Stock Exchange (NSE) on Friday listed on its daily official list Union Bank of Nigeria Plc’s N30billion bond. In a notice to dealing members, Godstime Iwenekhai, Head, Listings Regulation Department ex...

October 19, 2019 No Responses

Tata Rules Out Sale Of Jaguar Land Rover

Tata Motors, which owns Jaguar Land Rover (JLR), said it is open to finding partners for the automaker but isn’t planning on selling the embattled unit. “We’re not going to sell,” said N Chandrasekaran, chairman of Tata Sons, the holdin...

October 19, 2019 No Responses

CBN Injects $325.5m Into Retail Market

The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short tenored forwards segment of the inter-bank foreign market. The bank’s Director, Corporate Comm...

October 19, 2019 No Responses

Mahindra Inaugurates All-Women Auto Service Workshop

Mahindra & Mahindra on Friday announced the inauguration of India’s first all-women-run automobile service workshop in Jaipur. According to the company, this is part of the its larger initiative named ‘Pink Collars’ to promote recruitment of wo...

October 19, 2019 No Responses

Makinde Appoints Special Assistants On ICT, Youth, Sports

Oyo State Governor, Mr Seyi Makinde, has approved the appointment of two Special Assistants on Information Communication Technology(ICT)/ E- Governance and Youth and Sports. A statement issued on Friday, in Ibadan, by the Special Assistant (Print Media) to the...

October 18, 2019 No Responses

Suzuki Lowers 2019-2020 Sales Estimates

Suzuki Motor Corporation (SMC) has revised its consolidated business forecast for the current financial year by lowering net sales estimates by 10.3 per cent due to slowdown in the Indian automobile market and decline in production in Japan.The company said...

October 18, 2019 No Responses

Adulterated Palm Oil: EFCC Hands Over 26 Suspects To NAFDAC

The Economic and Financial Crimes Commission (EFCC), Gombe Zonal Office, has arrested 26 suspects for allegedly adulterating palm oil, and handed them over to the National Agency for Food and Drug Administration and Control (NAFDAC).Mr Michael Wetkas, the Head...

October 18, 2019 No Responses

NPA Photo News

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman (Middle), receives a portrait from Pilot Nkopuyo Abraham (2nd left), Pilot Abiodun Ogunpitan (left), Pilot Otobing Ekam (2nd right) and Pilot Jumbo Hope (right) during a worki...

October 18, 2019 No Responses

Nigeria To Impose Taxes On Soft Drinks

The Nigerian Government is to impose taxes on soft drinks, the Minister of Finance, Budget and Planning, Mrs. Zainab Ahmed, disclosed on Thursday. In an interactive session with Journalists on the sidelines of the ongoing Annual Meetings of the International.....

October 18, 2019 No Responses

Sanwo-Olu, Okonkwo Implore Market Leaders On Infrastructure Development

Lagos State Governor, Mr. Babajide Sanwo-Olu on Thursday, met with market leaders from Alaba, Trade Fair axis in Lagos West senatorial district. The consultative meeting, which was at the instance of the Governor and coordinated by the Managing Director Fideli...