City BusinessNews, Author at City Business News

April 5, 2020 No Responses

COVID-19: Nigeria Seeks N’Assembly’s Approval For N500b Intervention Fund

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund. Mrs Zainab, with...

April 4, 2020 No Responses

Farmers Seek Fertiliser Subsidy

The President, Etche Farmers’ Cooperative Union, Mr Godwin Akandu has pleaded with the Federal Government to subsidise fertilisers and other agro inputs to enhance agricultural activities in the 2020 farming season. According to Akandu, subsidising fer...

April 4, 2020 No Responses

Buhari Salutes Adams Oshiomhole At 68

President Muhammadu Buhari has felicitated with the Chairman of the All Progressives Congress (APC), Adams Oshiomhole, on his 68th birthday, wishing him more wisdom and strength as he continues to pilot affairs of the ruling party. The President’s congratula...

April 4, 2020 No Responses

Daimler Secures $13b Loan Facility

Daimler has signed an agreement for a 12 billion euro ($13 billion) credit line to increase its financial flexibility in the current coronavirus crisis. The credit line comes in addition to an 11 billion euro revolving credit with a term...

April 4, 2020 No Responses

COVID-19: Nigeria To Release 70,000 Metric Tonnes Of Grains

President Muhammadu Buhari has granted approval to Ministry of Agriculture and Rural Development to release 70,000 metric tonnes of assorted food items from the National Strategic Grains Reserve. Minister of Agriculture and Rural Development, Sabo Nanono, made...

April 4, 2020 No Responses

COVID-19: INEC Deploys 100 Vehicles For Contact Tracing

The Independent National Electoral Commission (INEC) has deployed about 100 of its vehicles in six states to support the Presidential Task Force (PTF) on combating Coronavirus. The commission disclosed this in a statement issued by Mr Festus Okoye, National Co...

April 3, 2020 No Responses

British Airways Suspends 30,000 Workers

British Airways has reached a deal to temporarily suspend more than 30,000 of its cabin crew and ground staff. The airline, which has grounded most of its fleet due to the coronavirus, has been locked in talks with unions for...

April 3, 2020 No Responses

NPA Boss Reviews COVID-19 Impact On Port Operations, Pledges Support For Sifax, Others

By citybusinessnews@yahoo.com — The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman, on Thursday disclosed that the Agency is collating the challenges confronting Terminal Operators due to the outbreak of Coronavirus Disease (COVID-1...

April 3, 2020 No Responses

NCDC Reiterates Confidence In Irrua Specialist Teaching Hospital’s Test Results

The Nigeria Centre for Disease Control (NCDC) has reiterated its confidence in the test results conducted at the Molecular Laboratory at the Irrua Specialist Teaching Hospital in Edo. Dr Chikwe Ihekweazu, Director-General of NCDC, made the assertion whil...

April 3, 2020 No Responses

COVID-19: NIMASA, Shippers’ Council Collaborate To Sustain Shipping

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has stated that the guidelines for vessels calling at the Nigerian Ports recently issued by the Agency was to ensure shipping activities continue in a way...

April 3, 2020 No Responses

Hyundai to establish Mobility Global Innovation Centre in Singapore

Foremost South Korean auto firm, Hyundai is to establish Mobility Global Innovation Centre (HMGIC) in Singapore with support from Singapore Economic Development Board (EDB). The lab is focussing on exploring ideas to revolutionize R&D process, busine...

April 3, 2020 No Responses

Infantino: Football Will Be Totally Different After Coronavirus

Football will be totally different when it eventually resumes after the coronavirus outbreak, the head of global body FIFA Gianni Infantino said on Thursday. “Football will come back, and when it does, we’ll celebrate coming out of a nightmare together,”...

April 2, 2020 No Responses

BoI Declares N39.33b Profit, Raises $1.11b To Boost Operations

For the financial year ended December 31, 2019, the Bank of Industry (BoI) recorded a profit before tax of N39.33 billion. According to the Bank, the profit represent growth of 7.2 per cent when compared with ₦36.66 billion achieved in...

April 2, 2020 No Responses

COVID-19 Relief Fund Hits N15b

The Central Bank of Nigeria (CBN) on Wednesday disclosed that monetary contributions to its relief fund under the auspices of Private Sector Coalition Against COVID-19 (CACOVID) stood at N15 Billion. CBN Director of Corporate Communications, Isaac Okorafor, ex...