City BusinessNews, Author at City Business News

April 2, 2020 No Responses

CMA CGM Crew Member In Isolation

A crew member of the CMA CGM Marco Polo containership has taken ill on board, showing symptoms linked to the coronavirus infection. The 2012-built ship is currently moored at a terminal in the Port of Algeciras, Spain, according to its...

April 2, 2020 No Responses

NSC Photo News

Hassan Bello, Executive Secretary/CEO, Nigerian Shippers’ Council (Left) and Princess Vicky Haastrup, Executive Vice Chairman ENL Consortium Limited, Apapa, during NSC Management’s Working Visit to ENL Consortium Limited

April 1, 2020 No Responses

Shippers Council Donates Protective Gears, Offers Bus Services To Customs Agents, Others

By Moses Ebosele, ebosele@hotmail.com — The Executive Secretary of Nigerian Shippers’ Council (NSC), Hassan Bello has called for synergy among Seaport users and agencies as part of measures to sustain operations and support the Federal Government...

April 1, 2020 No Responses

Nigeria Reduces Fuel Price To N123.50 Per Litre

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced further reduction of the pump price of Premium Motor Spirit (PMS) also known as petrol from N125 to N123.50k per litre. The agency made the announcement on Tuesday in a statement...

April 1, 2020 No Responses

Stock Markets Record Worst Quarter In 33 Years

Stock markets around the world suffered historic losses in the first three months of the year amid a massive sell-off tied to the coronavirus. The Dow Jones Industrial Average and London’s FTSE 100 saw their biggest quarterly drops since 1987,...

April 1, 2020 No Responses

Military Impounds 900 Bags Of Rice

The military has impounded more than 900 bags of 50kg foreign parboiled rice and arrested four suspected smugglers in the ongoing “Operations Calm Waters and Swift Response’’ coordinated by the Nigerian Navy. The Acting Director, Defence Media Operations...

April 1, 2020 No Responses

COVID-19:Uber Unveils ‘UberMedic’ For Healthcare Workers

Ride-hailing company Uber on Tuesday said it has launched a new service ‘UberMedic’ to help transport frontline healthcare workers to medical facilities and other critical areas across India. “Uber is providing a new service, UberMedic, to tr...

March 31, 2020 No Responses

Oil Price Drops To Lowest Level In 18 years

The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic. Brent crude fell to $22.58 (£18.19) a barrel at one point on Monday, its lowest level since November 2002....

March 31, 2020 No Responses

COVID-19: FirstBank Donates N1billion

First Bank of Nigeria Limited has announced the donation of N1 billion toward the joint effort by the Nigerian Private Sector Coalition Against COVID-19 (CACOVID). The bank’s Chief Executive Officer, Dr Adesola Adeduntan, made this known in a statement in...

March 31, 2020 No Responses

NSE To Sustain Remote Trading

The Nigerian Stock Exchange (NSE) has assured investors of seamless trading during the 14 days lockdown to stem the spread of coronavirus in the country. The exchange gave the assurance in a statement issued in Lagos by Mr Olumide Orojimi,...

March 31, 2020 No Responses

WFE Warns Against Short-Selling Bans

The World Federation of Exchanges (WFE) on Monday issued a statement, criticising recent bans on short-selling as damaging to markets and failing to achieve their desired effect. WFE CEO Nandini Sukumar said:“Banning short-selling interferes with price forma...

March 31, 2020 No Responses

Hyundai Seals Joint Venture As Heir Apparent Acquires 139,000 Shares

South Korean auto giant, Hyundai Motor Group has joined hands with auto parts manufacturer Aptiv to form a joint venture that will develop autonomous driving technology. in a statement, the company explained that the two companies will have a 50-50...

March 31, 2020 No Responses

UBA Presents N28.5m To Nasarawa

The United Bank for Africa (UBA), through the UBA Foundation, has donated N28.5 million to the Nasarawa State Government, as the bank’s contribution towards the fight against the coronavirus pandemic. Mr Danjuma Salihu, Regional Head, UBA North Central, pres...

March 31, 2020 No Responses

Nigerian Breweries Postpones 2019 AGM

Nigerian Breweries (NB) Plc has announced the postponement of its 74th Annual General Meeting (AGM) slated for April 22. Mr Uaboi Agbebaku, NB Company Secretary, stated this in a notice to the investing public and the Nigerian Stock Exchange (NSE)....