City BusinessNews, Author at City Business News

May 13, 2020 No Responses

LASTMA Probes Alleged Police Assault On Personnel

The Lagos State Traffic Management Authority (LASTMA) has commenced investigation into the alleged assault on one of its officers by the police at Apapa on Tuesday. The General Manager of LASTMA, Mr Olajide Oduyoye, told the News Agency of Nigeria...

May 13, 2020 No Responses

Maritime Law Association Inaugurates Committee To Review Admiralty law

The Nigerian Maritime Law Association has inaugurated a 16-member committee to ensure review of procedural rules and substantive laws as part of measures to boost industry confidence in dispute resolution. A statement issued by the President of the Assoc...

May 13, 2020 No Responses

FIFA Postpones U-17, U-20 Women’s World Cup

The world football governing body, FIFA, has announced the postponement of the FIFA U-17 and U-20 Women’s World Cup and the Futsal World Cup due to the Coronavirus (COVID-19) pandemic. A statement on FIFA website on Tuesday said the decision...

May 13, 2020 No Responses

Fountain University Unveils Free Internet Data For Students’ e-Learning

May 13, 2020 No Responses

Toyota Pledges To Protect Workers, Explains $66b Quarterly sales

The President of Toyota Motor Corporation, Akio Toyoda on Tuesday promised to protect jobs and what he called “Toyota people” across the world “with their skills and shared sense of mission“. Akio Toyoda said the company is facing it...

May 12, 2020 No Responses

Air Peace To Evacuate 200 Nigerians From Canada

All is set for the Nigeria High Commission in Canada to evacuate Nigerians stranded in that country due to coronavirus travel restrictions. In a statement on Monday, the mission said it had received no fewer than 200 requests for evacuation....

May 12, 2020 No Responses

Report: FG, States, Councils Got N1.9trillion In Q1

For the First Quarter of 2020, the Federation Accounts Allocation Committee (FAAC) disbursed N1.95 trillion to the Federal, States, LocalGgovernments and other statutory agencies. A breakdown of the disbursements shows that N791.4 billi...

May 12, 2020 No Responses

Coronavirus Cases In Nigeria Climb To 4641

The Nigeria Centre for Disease Control (NCDC) on Monday recorded 242 new cases of COVID-19 in the country, bringing the total number of infections in Nigeria to 4641. The NCDC also said that 10 new patients had been confirmed dead,...

May 12, 2020 No Responses

Catholic Bishops Offer 425 Hospitals As Isolation Centres

The Secretary to the Government of the Federation and chairman of the Presidential Task Force (PTF), Mr Boss Mustapha, on Monday disclosed that Catholic Bishops have volunteered 425 of their Hospitals across the country as isolation centres. Speaking i...

May 12, 2020 No Responses

Auto Industry To Raise $100b From Banks

Global automakers and suppliers are on track to get at least $100 billion of bank financing as the coronavirus pandemic hammers car sales.Mazda Motor is the latest to join the rush, with Nikkei reporting that the company is seeking a 300...

May 12, 2020 No Responses

Market Capitalisation Drops By N49b

The nation’s bourse resumed trading for the week on Monday on a bearish trend with the crucial indices dropping by 0.39 per cent. Specifically, the All-Share Index (ASI) lost 94.57 points or 0.39 per cent to close at 23,950.83 compared...

May 11, 2020 No Responses

Saudi Arabia Triples VAT, Suspends Allowance

Saudi Arabia is tripling its value added tax (VAT) as part of austerity measures to support its coronavirus-hit economy. The government in Riyadh also said it will suspend its cost of living allowance to shore up state finances. The oil-rich...

May 11, 2020 No Responses

Dangote Cement Donates 25 Vehicles To Ogun Security Trust Fund

Dangote Cement PLC has donated 25 operational vehicles, equipped with security features, to the Ogun Security Trust Fund (OSTF). Presenting the vehicles to OSTF in Lagos, Mr Emmanuel Ikazoboh, Independent Non-Executive Director, Dangote Cement Plc, said the do...

May 11, 2020 No Responses

Emefiele Assures Investors On Forex Repatriation

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has assured investors of the security of their investments in the country in spite dwindling revenue from the sale of crude oil globally. The CBN’s Director, Corporate Communications Department, Mr ...