City BusinessNews, Author at City Business News

April 17, 2020 No Responses

Quadri, Omotayo Drop In ITTF Ranking

Nigeria’s duo of Aruna Quadri and Olajide Omotayo have dropped in the April 2020 ranking released on Thursday by the International Table Tennis Federation (ITTF). In spite of this however, Quadri still maintains his status as the highest-rated African player...

April 16, 2020 No Responses

Suzuki Suspends Production Till Further Notice

Japanese car manufacturer, Suzuki Motor Gujarat Private Limited (SMG) India has suspended production of cars till further notice. Citing latest government directive on the COVID-19, the company explained that it will be extending the suspension of ...

April 16, 2020 No Responses

FG Delivers 19m Bags Of Fertilisers To Farmers In 13 States

The Presidential Fertiliser Initiative (PFI) has supplied about 19 million bags of NPK brand of fertilisers to farmers in 13 states in the country. The PFI’s Chairman, Alhaji Badaru Abubakar, made the disclosure at a press conference on state of...

April 16, 2020 No Responses

FBN Holdings Tops Activity Chart With 74.758m Shares

FBN Holdings on Wednesday topped activity chart on the floor of Nigeria Stock Exchange (NSE) with 74.758 million shares valued at N354.24 million. Zenith Bank followed with 72.11 million shares worth N1.097 billion, while Guaranty Trust Bank traded 36.77...

April 16, 2020 No Responses

VW To Resume Production In South Africa May, April 20 In Germany

Volkswagen on Wednesday said factories producing cars for its core brand in Zwickau, Germany and Bratislava, Slovakia will resume production starting on April 20, with other locations ramping up plants starting from April 27 onwards. Meanwhile, factories...

April 15, 2020 No Responses

Task Force Implores Banks To Render Skeletal Services

The Presidential Task Force (PTF) on COVID-19 (Coronavirus) on Tuesday appealed to banks in the country to continue to give skeletal services to Nigerians as the fight against the pandemic disease continues. National Coordinator of the PTF, Dr Sani Aliyu...

April 15, 2020 No Responses

Coronavirus: US To Halt Funding To WHO

US President Donald Trump says he has instructed his administration to halt funding to the World Health Organization (WHO). He said the WHO had “failed in its basic duty” in its response to the coronavirus outbreak. He accused the UN...

April 15, 2020 No Responses

Minister: Customs Yet To Release 110 Trucks Of Rice

Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Farouq on Tuesday said 110. trucks of seized rice have not been handed over to the Ministry by the Nigeria Customs Service (NCS). According to the minister, only ...

April 15, 2020 No Responses

Report: 37 Ships Boarded, 22 Seafarers Kidnapped In Q1, 2020

Pirates boarded 37 ships and kidnapped 22 seafarers in the first quarter of 2020, the latest report from the ICC International Maritime Bureau (IBM) shows. In total, the bureau received reports of 47 attacks in the first three months of...

April 15, 2020 No Responses

US Airlines To Receive $25b Bailout Package

The US has agreed a roughly $25bn (£19.8bn) rescue package for 10 of the country’s biggest airlines as travel plunges due to the coronavirus. American Airlines, United, Delta and Southwest are among the recipients. The money is to be used...

April 15, 2020 No Responses

COVID-19: Terminal Operators Donates N300m

Two Port Terminal Operators, APM Terminals Apapa and West Africa Container Terminal (WACT) Onne, have jointly committed more than N300 million to helping to contain the spread of the coronavirus disease in Nigeria. Mr Martin Jacob, the Managing Director ...

April 14, 2020 No Responses

Shell Resumes Oil Export From Forcados Oil Export Terminal

Shell Petroleum Development Company of Nigeria Limited (SPDC) on Monday said it has resumed oil exports from the Forcados Oil Export Terminal. NAN reports that SPDC halted exports on April 4 over ‘unforeseen circumstances’ in its operations. Mr Michael Ada...

April 14, 2020 No Responses

NIMASA Volunteers Personnel, Hands Over Buses, Ventilators, Others To FG

The Secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19, Mr. Boss Mustapha, has said the Federal Government requires the cooperation of all and sundry, corporate bodies and individuals, in the...

April 14, 2020 No Responses

LCCI Recommends Palliatives For Banking, Aviation sectors

The Lagos Chamber of Commerce and Industry (LCCI) has recommended palliatives for banking and aviation sectors to minimise the impact of the coronavirus pandemic on the nation’s economy. It also said that such palliative would engender quick economic recover...