City BusinessNews – Page 414 – City Business News

September 27, 2019 No Responses

Buhari: Nigeria Lost $157.5b To Illicit Financial Flows Between 2003-2012

President Muhammadu Buhari has disclosed that Nigeria lost an estimated US$157.5 billion to illicit financial flows between 2003 and 2012.Quoting from the 2014 Global Financial Integrity Report in his address to the High-Level National Side-Event organised by the African Union...

September 27, 2019 No Responses

2020: Obiano Presents N137.1b Budget Proposal

Governor Willie Obiano of Anambra State on Thursday presented a budget proposal of N137.1 billion for 2020 to the State House of Assembly for approval.Mr Obiano, who tagged the budget “Accelerating Infrastructural Development and Youth Entrepreneurship’’...

September 27, 2019 No Responses

BA Losses £121m To Strike

British Airways owner IAG has warned that its profits will be lower than expected this year, partly due to the impact of strikes by its pilots.It said the strike earlier this month, in a row over pay and conditions, had...

September 27, 2019 No Responses

Rating Agency Downgrades CMA CGM

The corporate family rating of French shipping major CMA CGM was downgraded to B2 from B1 amid the company’s weakened liquidity profile, according to rating agency Moody’s.Additionally, CMA CGM’s probability default rating was set to B2-PD from B1-PD, se...

September 27, 2019 No Responses

NSE, GRI, DANGOTE Harp On Sustainable Business Initiatives

The Nigerian Stock Exchange (NSE) in partnership with Dangote Cement Plc and Global Reporting Initiative (GRI) held a capacity development workshop on&nbsp...

September 26, 2019 No Responses

TVS Expands Network

TVA Motor Company on Wednesday entered into a new distribution partnership with Al Yousuf MC; a subsidiary of Al Yousuf LLC, in the United Arab Emirates to expand presence in the region.The new showroom is the first of its kind...

September 26, 2019 No Responses

Photo News

UBA Photo News

September 26, 2019 No Responses

NAHCO Photo News

September 26, 2019 No Responses

Ugwuanyi Swears In Commissioners, Advisers

Governor Ifeanyi Ugwuanyi of Enugu State, on Wednesday, swore in Commissioners and Special Advisers.Swearing in the Commissioners and Advisers, Ugwuanyi explained said that performance will be key and periodically benchmarked as a basis to remain in office.The...

September 26, 2019 No Responses

Osinbajo: I Am Ready To Waive Immunity To Clear My Name

Vice President Yemi Osinbajo says he is ready to waive his constitutional immunity to enable the “most robust adjudication” of several baseless allegations, insinuation and falsehoods against his person and office.Osinbajo’s spokesman, Laolu Akande, in a...

September 25, 2019 No Responses

Nissan Recalls 1.3m Vehicles

Japanese Auto maker, Nissan is recalling 1.3 million vehicles mainly in the United States and Canada to fix a problem with the backup camera displays.The recall covers the 2018 and 2019 Nissan Altima, Frontier, Kicks, Leaf, Maxima, Murano, NV, NV200,...

September 25, 2019 No Responses

At UN General Assembly, Buhari Reiterates Commitment To Tackle Poverty, Hunger

It is my pleasure to be here with you to deliver this Keynote Address at this strategic High Level Event on the margins of the 74th Session of the United Nations General Assembly. Let me join others in thanking all...

September 25, 2019 No Responses

NLNG Vessel Supports Rescue At Gibraltar Strait

A Nigeria LNG Limited vessel, LNG Kano, recently supported the rescue of two persons who were missing around the Gibraltar strait.According to the vessel’s manager, NLNG Ship Management Limited (NSML),on 24th August 2019, the vessel received a distress call ...

September 23, 2019 No Responses

NNPC Seals $875.75m Financing Deal With CPDC

The Nigerian National Petroleum Corporation (NNPC) has signed a 875.75 million dollar funding and technical services agreement and alternative financing deal for the Nigerian Petroleum Development Company(NPDC) operated Oil Mining Lease (OML) 65. The Corporati...