INEOS GRENADIER PARTNERS COSCHARIS MOTORS IN NIGERIA 

INEOS GRENADIER PARTNERS COSCHARIS MOTORS IN NIGERIA 

INEOS Automotive has named Coscharis Motors as its official retail partner in Nigeria.   A statement sent to City Business News explained that Nigeria  is now the sixth market in Sub-Sahara Africa to join the INEOS Automotive brand, following South Africa, Kenya,...
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<strong>Nigeria Woos Landlocked Countries As Buhari Unveils  Dala Inland Dryport </strong>

Nigeria Woos Landlocked Countries As Buhari Unveils  Dala Inland Dryport 

President Muhammadu Buhari has commissioned the Dala Inland Dryport, in Dala Local Government Area of  Kano State.   The inauguration of the Port form part of President Buhari’s visit to Kano State on Monday.  The President, who arrived a...
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Reps Minority Caucus Lauds CBN For Extending Deadline On Old Notes 

Reps Minority Caucus Lauds CBN For Extending Deadline On Old Notes 

The House of Representatives Minority Caucus has commended the Central Bank of Nigeria (CBN) for extending the deadline for swapping of the old naira notes.A statement issued by Rep. Ndudi Elumelu (PDP-Delta), the House Minority Leader on Sunday described the....
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Fuel Scarcity Worsens, Bites Harder In FCT

Fuel Scarcity Worsens, Bites Harder In FCT

Residents and motorists in the Federal Capital Territory (FCT) and its environ have continued to lament the hardship being experienced as scarcity of Premuim Motor Spirit (PMS), known as petrol worsened.  A correspondent of the News Agency of Nigeria (NAN...
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Buhari To Commission Dala Inland Dry Port On Monday

Buhari To Commission Dala Inland Dry Port On Monday

President Muhammadu Buhari will commission the Dala International Inland Dry Port on Monday, January 31, 2023.  A statement issued by the Managing Director, Dala Inland Dry Port, Ahmad Rabiu on Friday explained that all was set for the commissioning of...
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Stock Market Closes Week With N52b Decline

Stock Market Closes Week With N52b Decline

The Nigerian Exchange (NGX) closed negative due to buy-interests and sell-offs in large and small capitalised stocks.   Also, the market capitalisation dropped by N52 billion to close at N28.681 trillion as against N28.733 trillion posted at the previous...
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AfDB Commits $10bn To Drive  Food Security In Africa 

AfDB Commits $10bn To Drive  Food Security In Africa 

The African Development Bank (AfDB) Group is to commit $10 billion over the next five years to make Africa food secure.  The president of the bank, Dr Akinwumi Adesina made the commitment at the Dakar Africa Food Summit in Diamniadio,...
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CBN Unveils Africa-Led Domestic Card Scheme

CBN Unveils Africa-Led Domestic Card Scheme

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Thursday, unveiled an African Central Bank led National Domestic Card Scheme (AfriGO) to address local peculiarities.  At the event, which was monitored virtually, Emefiele said the new...
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Maersk, MSC Terminate Alliance  

Maersk, MSC Terminate Alliance  

Container shipping giants, MSC Mediterranean Shipping Company (MSC) and Maersk A/S, an entity under A.P. Moller – Maersk, have agreed to terminate the 2M alliance, effective in January 2025.   2M is a container shipping line vessel sharing agr...
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Union Bank Save & Win Palli Promo Grand finale Holds Jan 27  

Union Bank Save & Win Palli Promo Grand finale Holds Jan 27  

Following a six-month successful run, the second edition of Union Bank’s Save & Win Palli Promo is finally coming to an exciting conclusion.A statement sent to City Business News explained that the grand finale event, which is set to hold...
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CBN Raises Interest Rate To 17.5%

CBN Raises Interest Rate To 17.5%

Against projections by some experts, the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has increased the monetary policy rate by 100 basis points to 17.5 per cent. This is contained in a communiqué issued at the end...
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PTML Customs Command Generates N229.5b In 2022 

PTML Customs Command Generates N229.5b In 2022 

Between January and December, 2022, the Nigeria Customs Service (NCS), Ports and Terminal Multiservice Ltd. (PTML) Command generated N229.5 billion.  The Customs Area Controller PTML Command, Suleiman Bomai said this at a media conference on Tuesday in La...
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Edo Refinery Begins Production

Edo Refinery Begins Production

Edo State Government-backed Edo Modular Refinery has commenced production at its 6,000bpd plant in Ologbo, Ikpoba Okha Local Government Area.  A statement sent to City Business News on Tuesday explained that the facility with its feedstock can produce 50 ...
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Edo, Port of Antwerp, Seal Benin River Port Partnership  

Edo, Port of Antwerp, Seal Benin River Port Partnership  

The Edo State Government has concluded plans with the Port of Antwerp from Belgium as part of measures to finalize the Benin River Ports project.   This was gathered from a meeting of the Benin River Port (BRP) Project Committee with...
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