City BusinessNews – Page 425 – City Business News

November 1, 2019 No Responses

Kaduna To Export Ginger, Maize

The Kaduna State Government is working toward including ginger and maize as part of its export products in 2020. The Permanent Secretary, state Ministry of Agriculture, Alhaji Sabiu Sani disclosed this while defending the ministry’s 2020 budget before the House...

November 1, 2019 No Responses

Peugeot, Fiat Chrysler Boards Approve Merger

The Supervisory Board of Peugeot S.A. and the Board of Directors of Fiat Chrysler Automobiles (FCA) have each unanimously agreed to work towards a full combination of their respective businesses by way of a 50/50 merger. Both boards have given...

October 31, 2019 No Responses

Ghana To Ban Rice Importation

Ghana has set a target of three years for the country to put a stop to rice importation.This was disclosed by the Deputy Minister of the Ministry of Food and Agriculture, Kennedy Nyarko Osei.Osei said Ghana was working round the...

October 31, 2019 No Responses

Med-View Airline To Resume Flight Operations In November

Med-View Airline will be resuming flight operations in the “next few weeks”, its Chief Operating Officer, Mr Michael Ajigbotoso has said.Briefing Journalists on Thursday, Ajigbotoso explained that the airline would return stronger despite the recent challe...

October 31, 2019 No Responses

MTN Nigeria Posts N856.48b Revenue In Nine months

MTN Nigeria Communications Plc has announced a revenue of N856.48 billion for nine months ended September 30, 2019. The unaudited result showed that the revenue represented a growth of 12.03 per cent when compared with N764.46 billion achieved in the...

October 31, 2019 No Responses

Union Bank Declares N15.2b Profit In Q3

Union Bank of Nigeria (UBN) Plc on Wednesday reported profit after tax of N15.2 billion for the nine months ended Sept. 30, 2019. The bank in a statement in Lagos said that the profit represented a growth of four per...

October 31, 2019 No Responses

Volkswagen, Siemens Launch Electric Vehicle In Rwanda

In a first for the African continent, the Volkswagen Brand has launched a pilot project in partnership with Siemens to test the feasibility of electric mobility in an African country. The pilot project, which will form part of Volkswagen’s operations...

October 31, 2019 No Responses

FG Approves N718.6m Mobile Security Scanner For Lagos port

The Federal Executive Council (FEC) has approved the sum of N718.6 million for the supply of one mobile security scanner at the Lagos Port Complex. The Minister of Information and Culture, Alhaji Lai Mohammed, who briefed State House correspondents after...

October 31, 2019 No Responses

Ecobank Offers Free Access Charge On *326# USSD Short Code

Ecobank Nigeria has announced that access to its *326# Unstructured Supplementary Service Data (USSD) is at zero cost to the consumer. By this announcement an Ecobank customer who performs transactions on the bank’s platform by dialing *326# is free of...

October 31, 2019 No Responses

Pirelli Tyre Projects 2019 Revenue To €5.3b

Pireli Tyre has projected that its 2019 revenue would grow to 5.3 billion euros, 2,5 per cent higher than a previous guidance of between 1.5% and 2.5%. Under the arrangement, the company is expecting a full-year cash flow of between...

October 30, 2019 No Responses

BUA Consolidates Cement Business, To Unveil $450m Plant In 2020

By citybusinessnews@yahoo.com BUA Group on Wednesday announced the consolidation of its cement business comprising the publicly listed 2million Mtpa Cement Company of Northern Nigeria Plc (CCNN) and 6million mtpaObu Cement Company Plc.This disclosure was ...

October 30, 2019 No Responses

Munich Airport, ADB Safegate Seal Partnership

The international business arm of Munich Airport, the 100% subsidiary Munich Airport International (MAI) has signed a cooperation agreement with ADB SAFEGATE.A statement on Wednesday explained that the collaboration combines MAI’s worldwide expertise i...

October 30, 2019 No Responses

NPA Photo News

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman (standing 6th from left), the Comptroller Nigeria Custom Service (NSC), Colonel Hameed Ali (Rtd.), top Management of NPA and Stakeholders during a meeting on overtime cargo at the Lagos P...

October 30, 2019 No Responses

Fidelity Bank Declares N23b Profit In Q3

By citybusinessnews@yahoo.com — For the third quarter ended September 30, 2019, Fidelity Bank Plc has declared Gross Earnings of N161.4billion, an increase of 16.3 percent when compared to ₦138.7 billion reported in the same period in 2018. According t...