Investment – Page 7 – City Business News

May 19, 2022 No Responses

Hyundai To Invest $16.5b In South Korea EV Business

Hyundai Motor Group said on Wednesday it plans to invest a total of 21 trillion won ($16.54 billion) through 2030 for the expansion of its electric vehicle (EV) business in South Korea. The South Korean auto group, which houses Hyundai...

May 10, 2022 No Responses

Nigeria Expo Seeks More Investment In Non-Oil Sector, Sports

The Nigeria International Trade Fair/Expo (NITFE) organisers have called for more investment in the non-oil sector, including sports to fast track the nation’s socio-economic development. Mr Innocent Ogu, President, African Legacy International, Co-organiser...

May 5, 2022 No Responses

Nissan To Invest $700m In Mexico

The Japanese automaker, Nissan Motors said on Wednesday it would invest more than $700 million in Mexico during the next three years to boost its operations in the country. The investment is set to improve the facilities, equipment and automation procedures.....

March 31, 2022 No Responses

Obaseki At Dubai Summit, Seeks Investments In Benin River Port, Enterprise Park, Others

The Edo State Governor, Mr. Godwin Obaseki at this year’s Annual Investment Meeting (AIM) in Dubai, briefed investors with his pitch for investments in the Benin River Port, the Enterprise Park, and the Benin Inland Container Depot/Dry Port, among other...

March 25, 2022 No Responses

Edo Reiterates Support For Oil Palm Investment

The Commissioner for Agriculture and Food Security in Edo, Stephen Idehenre, says the state has attracted about $531.2 million from nine firms in the oil palm sector through the state oil palm programme. Idehenre made this known during the inauguration.....

March 17, 2022 No Responses

Mercedes To Sustain EV Investments Despite Ukraine War

Mercedes-Benz AG won’t cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the German automaker’s chief executive has said Ola Kaellenius,...

March 5, 2022 No Responses

Qatari Investments In Nigeria To Hit N500b

The Ambassador of the State of Qatar to Nigeria, Dr. Ali Al-Hajri, says his country has stepped up efforts to increase investment in Nigeria with expectations to hit about N500 billion before the year ends. Al-Hajri said this at the...

March 3, 2022 No Responses

Hyundai Motor To Invest $79.2b ln Eight Years

South Korea’s Hyundai Motor said on Wednesday it planned to invest about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 trillion won ($16.10 billion) towards electric vehicle (EV) related businesses. Hyundai Motor, which together...

February 21, 2022 No Responses

Snail Farmers Seek Increased Youth Participation

Some heliculturists in Abuja have called for more youth involvement in snail farming as part of measures to meet local and international demand. The farmers told the News Agency of Nigeria (NAN), on Sunday, that heliculture (snail farming) was a...

February 1, 2022 No Responses

NASS Canvasses Stronger Capital Market Regulation

The Chairman, House Committee on Capital Markets and institutions, Hon. Babangida Ibrahim, has called for strengthening of the regulatory framework of the capital market to attract more investments. Ibrahim made the remarks during a stakeholders meeting ...

December 24, 2021 No Responses

DLM Capital Quotes N2.25b Commercial Papers On FMDQ

DLM Capital Group Ltd has quoted N1.24 billion Series 1 and N1.01 billion Series 2 Commercial Papers (CPs) on the FMDQ Securities Exchange Ltd platform. A statement issued by FMDQ Exchange on Thursday explained that the quotation was approved by the...

December 15, 2021 No Responses

APM Terminals Investment In Apapa Hits N180b

The management of APM Terminals, Apapa, Nigeria, has invested not less than $438 million ( N180 billion) in acquisition of modern cargo handling equipment. In a statement on Tuesday, the Manager, Mr Steen Knudsen, expained that the equipment are for seam...

November 23, 2021 No Responses

5G: Danbatta Urges African Govts To Invest In Infrastructure

The Executive Vice Chairman of Nigeria Communication Commission (NCC), Prof. Umaru Danbatta, on Tuesday urged African countries to invest in the right infrastructure to facilitate the deployment of 5G services. Danbatta made the appeal during ...

November 21, 2021 No Responses

TETFund Seeks More Research Investments In Varsities

Executive Secretary, Tertiary Education Trust Fund (TETFund), Prof. Suleiman Bogoro, has called for more investments in research in the country’s universities. Bogoro made the call while delivering a lecture marking the 12th Founder’s Day and 9th Convocati...