City BusinessNews, Author at City Business News

May 17, 2020 No Responses

Shell Explores Ship-Ship LNG Operation

Royal Dutch Shell has taken part in two liquefied natural gas bunkering operations in the French port of Marseille and in the Dutch port of Rotterdam. In the Port of Marseille Fos, Shell and Carnival carried out the first-ever ship-to...

May 17, 2020 No Responses

Access Bank Rewards 38 Customers

Access Bank Plc has rewarded 10 customers with one million naira each and 28 female customers with N100,000 each in its DiamondXtra monthly draw. The bank’s Executive Director, Retail Banking, Mr Victor Etuokwu, explained in a statement on Saturday that&nbsp...

May 17, 2020 No Responses

Nigeria Reports 176 New Cases Of Coronavirus

The Nigeria Centre for Disease Control (NCDC) on Saturday recorded 176 new cases of COVID-19 in the country, bringing the total number of infections in Nigeria to 5,621. The states and their breakdowns are: 95-Lagos31-Oyo11-FCT8-Niger8-Borno6-Jigaw...

May 17, 2020 No Responses

NUJ Rejects Govt Palliatives

The Nigeria Union of Journalists (NUJ), Enugu State Council, on Saturday rejected the palliative from Enugu State Government over alleged interference in the union’s activities. The News Agency of Nigeria (NAN) reports that problem started when the gov...

May 17, 2020 No Responses

Uzodinma Unveils Agenda To Reposition IMSU

The Imo State Governor, Sen. Hope Uzodinma, on Saturday announced his adminstration’s plan to reposition the Imo State University (IMSU) for academic excellence. Uzodinma who made the announcement while receiving a report from the institution’s v...

May 17, 2020 No Responses

Renault To Discontinue Iconic Models

Renault is preparing to substantially reduce its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans. According to Reuters,the company had already embarked on an overhaul of it...

May 16, 2020 No Responses

Italy To Lift Travel Restrictions June 3

Italy’s government has signed a decree that will allow travel to and from the country from 3 June, as it moves to ease its coronavirus lockdown measures. It will also allow travel between the regions – which has so far...

May 16, 2020 No Responses

Nigeria Records 288 New Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC) on Friday recorded 288 new cases of COVID-19 in the country, bringing the total number of infections in Nigeria to 5445. The NCDC also said that three new patients have been confirmed dead...

May 16, 2020 No Responses

NSE Lists FBNQuest Merchant Bank’s N5b Bond

The Nigerian Stock Exchange (NSE) on Friday listed FBNQuest Merchant Bank N5 billion three-year 10.50 per cent bond on the bourse. The listing was commemorated with a digital closing gong done due to the COVID-19 pandemic in the country. Commenting...

May 16, 2020 No Responses

Nissan To Raise $4.7b Bond

Nissan Motor has registered with the Japanese government to issue up to 500 billion yen ($4.7 billion) in bonds within two years The major Japanese automaker, which registered its first corporate bond issue in four years with the Kanto Local...

May 16, 2020 No Responses

Customs Generates N117.8b At Tin-Can Port

The Nigeria Customs Service (NCS), Tin-Can Island Port Command, Lagos, generated N117.8 billion between January and April 2020, by deploying Time Release Study (TRS) tool to aid trade facilitation and revenue generation. The Customs Area Controller (CAC), Comp...

May 16, 2020 No Responses

Buhari Celebrates Dele Momodu At 60

President Muhammadu Buhari on Friday felicitated with journalist/publisher, Ayobamidele Momodu, popularly known as Dele Momodu, on the occasion of his 60th birthday on May 16, 2020. The President, in a statement by his Special Adviser on Media and Publicity, M...

May 16, 2020 No Responses

Court Okays NSE Demutualisation Agenda

The Federal High Court, Lagos has granted an order sanctioning the Scheme of Arrangement for the demutualisation of Nigerian Stock Exchange (NSE). Commenting on this development, the Chief Executive Officer of NSE, Oscar N. Onyema, said: “The NSE demut...

May 16, 2020 No Responses

Open Letter To Governor Nyesom Wike

By Charles Isichie, Port Harcourt. Your Excellency, I write as a citizen and businessman who is concerned about how some of the decisions you have taken in the management of the COVID-19 Pandemic affects the maritime sector within which I...