City BusinessNews – Page 433 – City Business News

October 14, 2019 No Responses

Lufthansa Faults Proposed Strike

A planned strike by German cabin crew union UFO is illegal, Germany’s flag carrier Lufthansa said on Monday.The carrier, however, added that it would try to offer its full schedule on Sunday in spite of plans for a five-hour walkout.“Our...

October 14, 2019 No Responses

Cocoa Institute Unveils Eight New Hybrid Varieties

The Cocoa Research Institute of Nigeria (CRIN), Ibadan has release eight improved hybrid varieties. Speaking on Monday, Dr Festus Olasupo, a Plant Breeder at CRIN attributed the development to its 10-year cocoa breeding efforts.Speaking in interview with...

October 14, 2019 No Responses

NSE Photo News

L-R: The President, National Council of The Nigerian Stock Exchange ( NSE), Otunba Abimbola Ogunbanjo during a courtesy visit to the Director General, Bureau of Public Enterprises, Mr. Alex Okoh in Abuja.

October 14, 2019 No Responses

ExxonMobil, Firm Seal $406m LNG Deal

October 14, 2019 No Responses

SEC Nigeria Restates Commitment To Sustainable Financing

The Securities and Exchange Commission (SEC) remains a strong advocate for the promotion of infrastructural development through sustainable financing, Acting Director General,, Ms. Mary Uduk has said Speaking at the formal launch of the Financial Center ...

October 14, 2019 No Responses

Audi Delivers 145,400 Units In September

German luxury carmaker Audi AG’s global delivery in September was 145,400 units, up 4.5 per cent compared to the same month last year, when it registered 139,150 units. Cumulatively, Audi AG has delivered 1,357,100 units during January-September 2019 per...

October 14, 2019 No Responses

Photo News

L-R: Director, Ministry of Finance and Economic Affairs The Gambia Mr Mustapha Somaiba, Acting Executive Commissioner Corporate Services, Securities and Exchange Commission Mr Henry Rolands, Deputy Permanent Secretary, Ministry of Finance and Econo...

October 13, 2019 No Responses

Jude Idada Wins $100,000 NLNG Literature Prize

The Advisory Board for The Nigeria Prize for Literature, sponsored by Nigeria LNG Limited, on Saturday announced Boom Boom, authored by Jude Idada as the winner of the $100,000 prize for the 2019 cycle on Children’s Literature. The book edged...

October 13, 2019 No Responses

Kaduna Proposes N245.4b Budget For 2020

The Kaduna State Government, on Saturday, at a town hall meeting, said it had prepared a budget of N245.4 billion for the 2020 fiscal year. News Agency of Nigeria (NAN) reports that the town hall meeting was held at Gen....

October 13, 2019 No Responses

BMW Delivers 1,866,198 Units In Nine Months

BMW recorded 4.6 per cent growth in delivery in September 2019 with 248,684 units, which includes BMW, Mini and Rolls Royce vehicles. Cumulatively, the auto group has delivered 1,866,198 units between January-September this year, up 1.7 per cent compared to...

October 13, 2019 No Responses

Firm Secures $376.8m Order For LNG Carrier

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering has received a contract for the construction of two LNG carriers for unidentified American customers. According to the company, the deal is worth KRW 446.5 billion (USD 376.8 million). Schedul...

October 12, 2019 No Responses

NNPC, NLNG Sign $2.5b Gas Supply Contract

The Nigerian National Petroleum Corporation (NNPC) on Friday signed a $2.5 billion pre-payment agreement with the Nigeria Liquefied Natural Gas (NLNG) for upstream gas development projects to supply gas to Trains 1 to 6 of the plant. Speaking at the...

October 12, 2019 No Responses

Michelin To Close Tyre Factory

Foremost Tyre manufacturer, Michelin has concluded plans to close a French-based factory with 619 employees next year as competition from cheaper Asian manufacturers knocks its profit margin. Two weeks ago, the French company announced the closure of a factory...

October 12, 2019 No Responses

First Bank Boss At Edinburgh Conference, Reiterates Commitment to Financial Inclusion In Nigeria

By citybusinessnews@yahoo.com — As part of the Bank’s financial inclusion and global thought leadership drive, the Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan participated in the 2019 Global Leaders Interactive pa...