Tag: City BusinessNews

Firm Stakes $380m on Six Containerships
November 15, 2019 No Responses

Firm Stakes $380m on Six Containerships

Hong Kong-based Seaspan Corporation has signed an agreement to buy a fleet of six containerships for USD 380 million in cash. The company explained that that the transaction is expected to be financed from additional borrowings as well as cash...
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IOC President Tasks Nigeria On Grassroots Development, Infrastructure
November 15, 2019 No Responses

IOC President Tasks Nigeria On Grassroots Development, Infrastructure

President of the International Olympic Committee (IOC), Dr Thomas Bach, has urged the Federal Government (FG) of Nigeria to strengthen grassroots sports development and infrastructure in order to produce more Olympic champions. Bach gave the advice on Thursday...
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Nissan Records 70% Drop In Profit
November 15, 2019 No Responses

Nissan Records 70% Drop In Profit

Nissan Motor Company has reported 70% drop in profit. The company has also cut its full-year outlook to an 11-year low, as the Japanese automaker continued to grapple with falling sales and the aftermath of the ouster of former Chairman...
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Fidelity Bank Photo News
November 15, 2019 No Responses

Fidelity Bank Photo News

L-R: – Iyaloja of Bodija Market, Alhaja Sikiratu Adebayo; Divisional Head, Retail Group, Fidelity Bank Plc, Richard Madiebo; Regional Bank Head, Southwest 1, Fidelity Bank Plc, Adebayo Adeyinka; Babaloja of Bodija Market, Alhaji S.A. Jimoh; Executive Dir...
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NAHCO Generates N7.38b Revenue, N782M Profit In Q3
November 14, 2019 No Responses

NAHCO Generates N7.38b Revenue, N782M Profit In Q3

By citybusinessnews@yahoo.com For the nine months ended September 30, 2019, the Nigerian Aviation Handling Company Plc (nahco aviance) has declared gross revenue of N7.38Billion.The Company also posted Profit Before Tax of 973.1 million. The figure is 241...
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Osun Budgets N119.5b For 2020
November 14, 2019 No Responses

Osun Budgets N119.5b For 2020

Governor Gboyega Oyetola of Osun, on Thursday, presented N119.5 billion budget to the state House of Assembly for the 2020 fiscal year.Oyetola, while presenting the budget tagged, ‘Budget of Restoration’, said the presentation of the budget was in accordan...
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NSE Photo News
November 14, 2019 No Responses

NSE Photo News

L – R: Godstime Iwenekhai, Head, Listing Regulation, The Nigerian Stock Exchange (NSE); Tony Ibeziako, Head, Primary Markets, NSE; Oscar N. Onyema, OON, Chief Executive Officer, NSE; Dr. Sola Obabori, Group Managing Director/CEO, Red Star Express Plc and Vic...
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NNPC Secures $1.16m Grant For Abuja Power Plant
November 14, 2019 No Responses

NNPC Secures $1.16m Grant For Abuja Power Plant

The Nigerian National Petroleum Corporation (NNPC) and the United States Trade and Development Agency (USTDA) have concluded arrangement to sign a $1.16 million grant as part funding for the NNPC-Abuja Independent Power Project (IPP) modelled to generate 1,350...
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NPA Photo News
November 14, 2019 No Responses

NPA Photo News

The Managing Director,  Nigerian Ports Authority (NPA), Hadiza Bala Usman (2nd from left), the Senate President of Nigeria, Senator Ahmed Lawan (3rd from left), the Executive Director, Engineering. & Tech Services, Prof. Idris Abubakar (left). The Exe...
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Yamaha Recalls 13,348 Motorcycles
November 14, 2019 No Responses

Yamaha Recalls 13,348 Motorcycles

Japanese two-wheeler manufacturer, Yamaha on Wednesday declared increase of 0.5 per cent in its consolidated net sales, amounting to 1.2billion Yen.   Yamaha is also recalling 13,348 units of FZ 25 and Fazer 25 in order to fix a faulty...
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FG Approves N1.7b For Bonny Island Jetty
November 14, 2019 No Responses

FG Approves N1.7b For Bonny Island Jetty

The Federal Executive Council (FEC) presided over by Vice President Yemi Osinbajo has approved the sum of N1.7 billion for the construction of jetty at the Bonny Island in Rivers.Minister of State for Transportation Gbemisola Saraki made the disclosure while.....
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Katsina Sets Aside N5b For Classroom, Toilet Rehabilitation In schools
November 14, 2019 No Responses

Katsina Sets Aside N5b For Classroom, Toilet Rehabilitation In schools

The Katsina State Government has set aside N5 billion for classroom, toilet rehabilitation and provision of water in schools across the state. Governor Aminu Masari disclosed this while declaring State of Emergency on Water and Environmental Sanitation in the ...
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Photo News
November 14, 2019 No Responses

Photo News

L-R:  South African President, Cyril Ramaphosa; Premier of Gauteng; David Makhura, Ekiti State Governor; Dr. Kayode Fayemi; and President, Africa Development Bank, Dr Akinwunmi  Adesina; at the Africa Investment Forum in Johannesburg, South Africa.
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Kyari Tasks NNPC Retail On Unadulterated Products
November 13, 2019 No Responses

Kyari Tasks NNPC Retail On Unadulterated Products

The Group Managing Director of  Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has challenged the board  and  managementg of  NNPC Retail Limited to ensure the delivery of unadulterated products to motorists nationwide. K...
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