Author: City BusinessNews

Nissan Resumes Production May 4
April 24, 2020 No Responses

Nissan Resumes Production May 4

Nissan will restart production at its Barcelona factory from May 4 and it will begin piloting safety measures at its British plant with the return of around 50 staff this week, the Japanese carmaker said . “The management team in...
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Nigeria Bans Inter-State Movement Of COVID-19 Patients
April 23, 2020 No Responses

Nigeria Bans Inter-State Movement Of COVID-19 Patients

Nigeria has banned inter-state movement of Coronavirus (COVID-19) patients. Minister of Health, Dr Osagie Ehanire, explained on Wednesday in Abuja, at the Presidential Taskforce (PTF) briefing on COVID-19 that all persons diagnosed with the virus would hencefo...
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FAAC Shares N780.926b Revenue To FG, States, LGs
April 23, 2020 No Responses

FAAC Shares N780.926b Revenue To FG, States, LGs

The Federation Accounts Allocation Committee (FAAC) has shared N780.926 billion as March Federation Account Revenue to the Federal, States, Local Governments and relevant Agencies in the country. Mr Henshaw Ogubike, Director, Information, Press and Public Rela...
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Kogi Slashes 2020 Budget By N74b
April 23, 2020 No Responses

Kogi Slashes 2020 Budget By N74b

The Kogi State Executive Council has slashed the state’s 2020 budget from N176 billion to N102 billion. A statement issued at the end of the council’s weekly meeting in Lokoja on Wednesday said that the budget was slashed by N74...
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Toyota South African Projects 15-20% Drop In Production, Explains Zero Sales In April
April 23, 2020 No Responses

Toyota South African Projects 15-20% Drop In Production, Explains Zero Sales In April

The president and Chief Executive Officer of South African unit of Toyota, Andrew Kirby, on Wednesday projected between 15-20 per cent drop in production in 2020.   Kirby told a virtual media briefing that Toyota South Africa, which produces between...
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JLR Introduces Plug-In Hybrid Technology To Range Rover Evoque, Discovery Sport
April 23, 2020 No Responses

JLR Introduces Plug-In Hybrid Technology To Range Rover Evoque, Discovery Sport

Jaguar Land Rover has introduced new plug-in hybrid technology to Range Rover Evoque and Land Rover Discovery Sport. The company explained on Wednesday that the latest plug-in hybrid system can switch to an electric-only mode for shorter rides. Also, this...
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Welfare Board Holds First Virtual Meeting With Nigerian Seafarers
April 23, 2020 No Responses

Welfare Board Holds First Virtual Meeting With Nigerian Seafarers

The National Seafarers Welfare Board (NSWB) would today, April 23, 2020 at 11am address the challenges and fears of Nigerian seafarers offshore and ashore in the face of the COVID -19 pandemic, to provide them the necessary support for the...
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Lockdown: South Africa Deploys 70,000 Troops
April 23, 2020 No Responses

Lockdown: South Africa Deploys 70,000 Troops

More than 70,000 extra troops will be deployed in South Africa to help enforce a lockdown intended to stop the spread of coronavirus, President Cyril Ramaphosa has announced. South Africa has had 3,465 confirmed coronavirus cases – second only to...
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UN Warns Of Food Crisis In Nigeria, Sudan, Syria, Others
April 22, 2020 No Responses

UN Warns Of Food Crisis In Nigeria, Sudan, Syria, Others

The world is at risk of widespread famines “of biblical proportions” caused by the coronavirus pandemic, the UN has warned. David Beasley, head of the World Food Programme (WFP), said urgent action was needed to avoid a catastrophe. A report...
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Free Trade Zones: NEPZA Insists On 60 Per Cent Jobs For Host Communities
April 22, 2020 No Responses

Free Trade Zones: NEPZA Insists On 60 Per Cent Jobs For Host Communities

The Nigeria Export Processing Zones Authority (NEPZA) is to ensure that its policy on allocation of 60 per cent of jobs in Free Trade Zones to host communities is fully implemented. Acting Managing Director of NEPZA, Mr Bitrus Dawuk, gave...
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Five Star Logistics Donates N20m Protective Materials To NPA
April 22, 2020 No Responses

Five Star Logistics Donates N20m Protective Materials To NPA

Five Star Logistics Limited has supported the fight against coronavirus at the seaports with the donation of hand sanitizers and facemasks worth N20million, a statement said on Tuesday. Mr Rigo Nazarri, General Manager, Comet Shipping Agencies, a sister-compan...
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Customs Impounds 1,000 Bags Of Smuggled Rice
April 22, 2020 No Responses

Customs Impounds 1,000 Bags Of Smuggled Rice

The Nigeria Customs Services has seized no less than 1,000 bags of smuggled foreign rice stockpiled in a residential apartment in Gombi town in Adamawa.  Mr Kamardeen Olumoh, the Customs Controller in-charge of Adamawa and Taraba states, explained on Tues...
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Lagos Increases Hazard Allowance Of Health Workers To N25, 000
April 22, 2020 No Responses

Lagos Increases Hazard Allowance Of Health Workers To N25, 000

Governor Babajide Sanwo-Olu of Lagos State has approved an increase in the hazard allowance of health workers in the state public service from N5,000 to N25,000. Sanwo-Olu, through a tweet by Senior Special Assistant to the Governor on New Media,...
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NSE Market Capitalisation Loses N152b
April 22, 2020 No Responses

NSE Market Capitalisation Loses N152b

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday inched lower by N152 billion, amid sell pressure in 27 stocks. Specifically, the market capitalisation which opened at N11.945 trillion lost N152 billion or 1.27 per cent to close at N11.794...
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