City BusinessNews, Author at City Business News

May 22, 2020 No Responses

Customs Intercept N1.2b Cannabis

The Nigeria Customs Service(NCS), Western Marine Command has intercepted drugs suspected to be Cannabis Sativa valued at N1,002,050,000. In a statement on Thursday, the Controller of the command, Comptroller Olugboyega Peters, disclosed that the seizure was made during a seagoing...

May 22, 2020 No Responses

Nigeria Govt Faults Governors On Worship Centres Opening

The Nigerian Federal Government has accused governors of breaching the protocols designed to guide the country out of Coronavirus spread. Presidential Task Force (PTF) on COVID-19 control Chairman, Boss Mustapha warned on Thursday of the danger in allowing lar...

May 22, 2020 No Responses

Telecom Association Lauds Ekiti, Imo For Implementing ROW Price

The Association of Telecommunications Companies of Nigeria (ATCON), on Thursday commended Governors and Houses of Assemby of Imo and Ekiti states for the implementation of the approved Right-of-Way (ROW) price. Ajibola Olude, Secretary of the Association, gave...

May 22, 2020 No Responses

Lagos Spends N800m On 16,000 Covid-19 Tests

THE Lagos State Government has spent about N800million on COVID-19 tests, Commissioner for Health Prof. Akin Abayomi disclosed on Thursday. According to him, 16,000 tests have so far been conducted. Prof. Abayomi, who spoke at a news conference, explaine...

May 22, 2020 No Responses

Covid-19: Seaport Lay Off Entire Personnel

The Port of Helsinki will temporarily dismiss its entire personnel due to the impact of the coronavirus pandemic and related travel restrictions on the port’s business. “Because of this, we have been forced to start extensive cost reductions. As a...

May 21, 2020 No Responses

NigComSat Partners Firm On Local Content Programming

Nigerian Communication Satellite Limited (NIGCOMSAT), in collaboration with Trefoil Networks, on Wednesday launched an indigenous television network to promote local content programming. The launch was held during a news briefing in Abuja. The Managing Directo...

May 21, 2020 No Responses

Nigeria Records 284 New Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC) on Wednesday recorded 284 new cases of COVID-19 in the country, bringing the total number of infections in the country to 6677. Meanwhile, eight new patients have been confirmed dead to the virus...

May 21, 2020 No Responses

Renault May Close French Factories

French automobile manufacturer Renault has earmarked three manufacturing and assembling factories for closure. According to French media daily,the move comes as a core of the restructuring plan for the company with the intention to reduce fixed costs by €2 b...

May 20, 2020 No Responses

Emefiele Woos Conglomerates To Help Boost Economy

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged industrial conglomerates operating in the country to support efforts aimed at growing the Nigerian economy. Emefiele gave the advice on Tuesday in a virtual meeting with the...

May 20, 2020 No Responses

Nigeria Records 226 New Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC) on Tuesday recorded 226 new Coronavirus (COVID-19) cases, bringing the total figure to 6401. NCDC listed the states and the figures as follows: 131-Lagos25-Ogun15-Plateau1...

May 20, 2020 No Responses

Mitsubishi Motors Declares 89 Per Cent Drop In Profit

Mitsubishi Motors Corporation will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend.The coronavirus crisis has...

May 20, 2020 No Responses

Akwa Ibom Takes Delivery Of Fourth Aircraft

The Akwa Ibom government, on Tuesday, took delivery of the fourth aircraft in the fleet of Ibom Air.Speaking during the delivery of a Bombardier CRJ 900 aircraft, Gov. Udom Emmanuel said that the aircraft was still within warranty of planes...

May 20, 2020 No Responses

Cosco Shipping, Firm Seal LNG Deals

Chinese shipbuilder, Cosco Shipping Heavy Industry has signed LNG cooperation agreements with compatriot Hudong-Zhonghua Shipbuilding and France’s GTT. Under the deal with Hudong-Zhonghua signed on Tuesday, the two shipbuilders aim to join forces in the fiel...

May 19, 2020 No Responses

Nigeria Confirms 216 New Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC) on Monday recorded 216 new Coronavirus (COVID-19) cases, bringing the total figure to 6175. NCDC listed the states and the figures as Lagos (74); Katsina (33); Oyo (19); Kano (17); Edo (13); Zamfa...