City BusinessNews, Author at City Business News

April 25, 2020 No Responses

Air France-KLM Secures €9b Financial Support

Air France-KLM has secured at least €9bn (£7.9bn; $9.7bn) in government aid, as the Franco-Dutch airline group struggles to stay afloat because of the coronavirus outbreak. The French authorities said Air France would get €3bn in loans and another €4bn...

April 25, 2020 No Responses

Nigeria Inaugurates Task Team For Movement Of Agricultural Products

The Federal Government on Friday inaugurated a seven-man Joint Technical Task Team on Emergency Response to COVID-19 to ensure unrestricted movement of agricultural products across the country. The Minister of Agriculture and Rural Development, Alhaji Sabo Nan...

April 25, 2020 No Responses

NLC Opposes Use Of Contributory Pension For Palliatives

The Nigeria Labour Congress (NLC) on Friday said it was opposed to the use of contributory pension as palliatives for workers as part of the move to cushion the effect of the lockdown over Coronavirus (COVID-19) pandemic. Mr Ayuba Wabba,...

April 25, 2020 No Responses

US Death Toll Passes 50,000

The US virus death toll has surpassed 50,000, according to data from Johns Hopkins University, in what is the world’s deadliest Covid-19 outbreak. More than 3,000 deaths came in the last 24 hours, and there are now over 870,000 confirmed...

April 25, 2020 No Responses

Volkswagen Restarts Production In Germany

About Five weeks of shutdown due to the coronavirus crisis, Germany’s largest car manufacturer Volkswagen has restarted production in two of its plants. Volkswagen’s vehicle plant in Zwickau, Saxony would “cautiously resume” production ...

April 25, 2020 No Responses

UBA Declares N147.2b Gross Earnings, N32.7b Profit In Q1

For the first quarter ended March 31, 2020, United Bank for Africa (UBA) Plc has declared 8.5 percent year-on-year growth in profit before tax to N32.7 billion compared with N30.2 billion recorded in the first quarter of 2019. UBA Group...

April 25, 2020 No Responses

COVID-19: Seaport Defers Rent For Customers

Abu Dhabi Ports is offering a three-month rent deferment for the second quarter of the year for its customers as part of the relief measures aimed at curbing the impact of the coronavirus pandemic on their operations. The package also...

April 25, 2020 No Responses

Mitsubishi Motors Predicts Losses, Drop In Sales

Japanese automaker, Mitsubishi Motors Corporation on Friday predicted 26 billion yen ($240 million) in losses for the fiscal year through next March, as sales plunge because of the coronavirus pandemic. Tokyo-based Mitsubishi, allied with Nissan Motor Company ...

April 24, 2020 No Responses

RAMADAN: FRSC Boss Felicitates With Muslim Faithfuls, Assures Of Safety During Holy Month

With the announcement of the sighting of the crescent of the new moon of Ramadan in parts of Nigeria and formal declaration by the Sultan of Sokoto and President General of the Nigerian Supreme Council For Islamic Affairs for commencement...

April 24, 2020 No Responses

NPA Renews Engagement With Customs On Overtime Containers, Inagurates N33.6 b Cranes

By Moses Ebosele, ebosele@hormail.com — As the Seaports become more efficient, efforts must be made to enhance cargo delivery processes and free the ports of longstanding cargo, the Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usm...

April 24, 2020 No Responses

COVID-19: FirstBank Sustains Faith With Customers

Amid shuttering of social activities especially commercial services, through various lockdown measures to contain the coronavirus pandemic, FirstBank has proven that as long as its customers require services, the Bank will be waiting right in front of them. As...

April 24, 2020 No Responses

Immigration Extends Suspension Of Passport Processing, Migrants e-Registration

The Comptroller General, Nigeria Immigration Service (NIS), Mr Muhammad Babandede, has ordered the extension of the temporary suspension of processing of passport and migrant e-registration from the 23rd April to 23rd May. Babandede gave the order in a s...

April 24, 2020 No Responses

Toyota To Resume Production May 4

Toyota Motor announced on Thursday it will resume automobile production at all of its 14 plants in North America from May 4 after a one-and-a-half month suspension due to the novel coronavirus. “Beginning the week of May 4, Toyota intends...

April 24, 2020 No Responses

Trump Claims Heat kills Coronavirus

United States President Donald Trump called on Americans to “enjoy the sun” after unveiling a study that supposedly showed that the novel coronavirus dissipates more quickly with sunlight and at higher temperatures. “I hope people enjoy the sun, and if.....