City BusinessNews Archives — Page 5 of 396

March 15, 2025 No Responses

COSCHARIS MOTORS PARTNERS CHARTERHOUSE LAGOS

Coscharis Motors is set to partner the prestigious and renowned Charterhouse Lagos on the forth coming Open day event on March 22, 2025 at the school premises. Coscharis in a statement explained that the partnership is intended to jointly serenade...

March 15, 2025 No Responses

Porsche To Cut 3,900 Jobs

Porsche is planning to reduce its workforce by approximately 3,900 positions in an effort to improve profitability. The German luxury carmaker will reduce its workforce by around 1,900 positions by 2029, leveraging demographic changes, natural turnover, and a ...

March 14, 2025 No Responses

Renaissance Energy Completes Acquisition Of SPDC

Renaissance Africa Energy has completed the acquisition of the entire equity holding in Shell Petroleum Development Company of Nigeria (SPDC) Renaissance Africa Energy Holdings is a consortium consisting of four successful Nigerian independent oil and gas comp...

March 14, 2025 No Responses

Tantalizers Boosts Blue Economy Agenda, Secures $25m For Expansion

A player in Nigeria’s Quick-Service Restaurant (QSR) sector, Tantalizers Plc, has secured $25million capital to expand its operations especially in Nigeria’s blue economy. Already, the company has ventured into Nigeria’s blue economy with the acquisition...

March 13, 2025 No Responses

Aiico Insurance Projects ₦114.3b Revenue For 2025 Q2

For the second quarter of 2025, AIICO Insurance Plc has projected a gross written premium of N114.3billion, driven by seasonal trends in premium receipts and actual cash flows recorded in January 2025. The company in its earnings forecast filed on...

March 13, 2025 No Responses

IWD: Presco Seeks Support For Gender Equality, Employs More Female Tractor Drivers

Foremost Producer of Specialty Fats and Oils, Presco Plc has called for gender-equality, a world free of bias, stereotypes and discrimination. Speaking at the 2025 International Women’s Day (IWD) event held within the company’s premises in Edo State, t...

March 13, 2025 No Responses

Coscharis Motors Rolls Out CNG Buses, Pledges Quality After Sales Support

Foremost automobile firm in Nigeria, Coscharis Motors has unveiled Joy Long Compressed Natural Gas (CNG) Buses. Unveiling the Buses after a brief test drive in Lagos, the company disclosed plans to assemble the Buses at its assembly plant in Lagos...

March 13, 2025 No Responses

Pinnick Loses Re-election Into FIFA Council

Former President of the Nigeria Football Federation (NFF), Amaju Pinnick, has missed out on a return to the FIFA Council Seat. Pinnick lost re-election at the extraordinary general assembly held in Cairo on Wednesday, with FIFA president Gianni Infantino in...

March 12, 2025 No Responses

EFCC Identifies 58 Illegal Ponzi Scheme Operators

In line with its commitment to sanitising the financial space of the nation and offer the investing public adequate and reliable information on the activities of illegal ponzi scheme operators across the country, the Economic and Financial Crimes Commission, E...

March 12, 2025 No Responses

ABC Transport Shares Sustains Momentum As Diversification Excites Investors

ABC Transport Plc has experienced a significant uptick in its stock performance, with shares rising 22% year-to-date, climbing from N1.23 at the start of January to N1.50 as of March 11, 2025. This surge has elevated the company’s market capitaliza...

March 12, 2025 No Responses

EFCC Gets Supreme Court’s Nod To Probe Odili’s Tenure

In a landmark ruling on Monday, March 10, 2025, the Supreme Court of Nigeria dismissed appeals filed by the Attorney General of Rivers State and the Speaker of the State’s House of Assembly against the leave granted the Economic and...

March 11, 2025 No Responses

NCDMB Acquires 20 Per Cent Equity In Refinery Project

The Nigerian Content Development and Monitoring Board (NCDMB) has sealed a deal to acquire 20 per cent equity in a 100,000 barrels per day (bpd) refinery project being established by African Refinery Group Ltd, in partnership with the Nigerian National...

March 11, 2025 No Responses

IWD: SIFAX Group Champions Women’s Leadership Role

SIFAX Group has reaffirmed its commitment to gender inclusion and leadership advancement with a high-level International Women’s Day (IWD) 2025 event, themed “Beyond Glass Ceilings: Breaking Boundaries, Redefining Success”. Held at the Lagos Marriott Hot...

March 11, 2025 No Responses

Shippers’ Council: Utilization Of Barges Key In Lekki Deep Port’s Operation

The Nigerian Shippers’ Council (NSC), has said that the role of barge operations is critical for cargo evacuation at the nation’s seaports. Director, Inland Transport Services, Mr. Mustapha Zubairu stated this at a meeting with the Barge Operators ...