Author: City BusinessNews

Stockbrokers Task FG On Fixed Income Securities
June 24, 2020 No Responses

Stockbrokers Task FG On Fixed Income Securities

Stockbrokers on the Nigerian Stock Exchange have called for more issuance of fixed income securities by the government to finance infrastructure deficit. They described the recent over-subscription of Sukuk Ijarah, issued by the Federal Government, as a clear demonstration of...
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Nigeria Reports 452 New Coronavitus Cases
June 24, 2020 No Responses

Nigeria Reports 452 New Coronavitus Cases

Nigeria has announced 452 new cases of Coronavirus, bringing the total number in the country to 21,371. The Nigeria Centre for Disease Control (NCDC) gave the figure on Tuesday night through its official Twitter handle. The NCDC said that the...
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NPA To Receive 20 Ships Laden With Petroleum Products, Frozen Fish, Wheat, Others At Lagos Seaport
June 24, 2020 No Responses

NPA To Receive 20 Ships Laden With Petroleum Products, Frozen Fish, Wheat, Others At Lagos Seaport

The Nigerian Ports Authority (NPA) is expecting 20 ships laden with petroleum products, food items and other goods from June 23 to July 7. NPA in its publication, `Shipping Position’, explained that the ships are expected to arrive Lagos Port...
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Ghana Apologises To Nigeria, Probes Demolition Of Mission Building
June 24, 2020 No Responses

Ghana Apologises To Nigeria, Probes Demolition Of Mission Building

The President of Ghana, Nana Akufo-Addo, has sent apologies to President Muhammadu Buhari over the demolition of a building in the premises of the Nigerian High Commission in Accra, Ghana. Mr Ferdinand Nwonye, spokesperson for the Ministry of Foreign Affairs,....
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Volkswagen Explores Acquisition Of Car Rental Group
June 24, 2020 No Responses

Volkswagen Explores Acquisition Of Car Rental Group

Volkswagen AG is in talks to acquire car French rental firm Europcar Mobility Group SA , in a deal that would allow the German car maker to better capitalize on its fleet.The acquisition would come as Europcar struggles to cope with the economic fallout ...
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Access Bank Unveils Digital Cashflow Lending For SMEs
June 24, 2020 No Responses

Access Bank Unveils Digital Cashflow Lending For SMEs

As part of effort to provide access to finance for SMEs to grow and expand their businesses, Access bank Plc has launched a digital lending portal, “Cashflow Loans by Access”.  A statement issued by Access Bank explained that the portal...
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US Probes Tyre Imports From South Korea, Thailand, Taiwan, Vietnam
June 24, 2020 No Responses

US Probes Tyre Imports From South Korea, Thailand, Taiwan, Vietnam

The U.S. Commerce Department said on Tuesday it had opened investigations into vehicle tyre imports from South Korea, Taiwan, Thailand and Vietnam to determine whether the tyres are being sold at less than fair value.The department said it was also investiga...
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Murray Makes Winning Return After 7-Month Layoff
June 24, 2020 No Responses

Murray Makes Winning Return After 7-Month Layoff

Andy Murray enjoyed a winning return to action as he beat Liam Broady in the “Battle of the Brits’’ tournament at the national tennis centre in west London on Tuesday. The twice Wimbledon champion eased to a 6-2 6-2 victory...
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NDDC: N2tri Debt Mainly From Emergency Projects
June 23, 2020 No Responses

NDDC: N2tri Debt Mainly From Emergency Projects

The Niger Delta Development Commission (NDDC) on Monday attributed the N2 trillion debts owed vendors and contractors to projects executed in the region. The NDDC Director of Corporate Communications, Charles Odili, told Journalists that  the commission i...
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Nigeria Reports 675 New Coronavirus Cases
June 23, 2020 No Responses

Nigeria Reports 675 New Coronavirus Cases

Nigeria has announced 675  new cases of Coronavirus, bringing the total number of infections in the country to 20,919. The Nigeria Centre for Disease Control (NCDC) announced this on Monday, through its official Twitter handle. NCDC said that the 675...
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Ondo Governorship: PDP Extends Sale Of Nomination Form
June 23, 2020 No Responses

Ondo Governorship: PDP Extends Sale Of Nomination Form

The Peoples Democratic Party (PDP) has extended the sale of its nomination forms for the Ondo state governorship election. The party disclosed this in a statement issued by its National Publicity Secretary, Mr Kola Ologbondiyan, on Monday in Abuja. Ologbondiya...
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CBN, Maize Farmers Inaugurate 2020 Inputs Distribution In Anambra
June 23, 2020 No Responses

CBN, Maize Farmers Inaugurate 2020 Inputs Distribution In Anambra

The Maize Growers, Processors and Marketers’ Association of Nigeria (MAGPAMAN), Anambra chapter, has commenced distribution of inputs for the 2020 wet season framing. The farm inputs distribution was launched under the Central Bank of Nigeria (CBN) Anchor Bo...
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FG Begins Distribution Of Fertilisers To 70,200 Farmers In Jigawa
June 23, 2020 No Responses

FG Begins Distribution Of Fertilisers To 70,200 Farmers In Jigawa

The Federal Government has commenced distribution of fertilisers to 70,200 farmers affected by flood in Jigawa. The News Agency of Nigeria (NAN) reports that the farmers were among those affected by flood in 19 Local Government Areas of the state in ...
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Reinvigorating NIMASA For Economic Growth
June 23, 2020 No Responses

Reinvigorating NIMASA For Economic Growth

By Citybusinessnews@yahoo.com   — The Nigerian Maritime Administration and Safety Agency (NIMASA) has reinvigorated its operations and activities.  Under the leadership of Dr Bashir Jamoh as Director General, NIMASA has hinged it renewed growth t...
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