City BusinessNews, Author at City Business News

March 31, 2020 No Responses

NPA: Lockdown Will Not Affect Operations At Seaports

Nigerian Ports Authority (NPA) on Monday explained that operations would continue at the ports in spite of the two-week lockdown of Lagos State to contain spread of COVID-19. Mr Adams Jatto, General Manager, Corporate and Strategic Communications of NPA, made...

March 31, 2020 No Responses

Toyota Seeks $9b Credit Line From Two Banks

Toyota Motor Corp. is seeking a 1 trillion yen ($9 billion) line of credit from Sumitomo Mitsui Banking Corp. and MUFG Bank Ltd as the Coronavirus pandemic is intensifying across the world. Agency reports indicates that although Japan’s biggest automak...

March 31, 2020 No Responses

FRSC Shutdown Driver’s License Capture Centres

The Corps Marshal, Federal Road Safety Corps, (FRSC), Dr Boboye Oyeyemi has ordered the shutdown of Driver’s License Database (DCLs) Nationwide with immediate effect. The Corps Public Education Officer (CPEO), Mr Bisi Kazeem, disclosed this in a statement on...

March 30, 2020 No Responses

Nigeria Bans International Vessels Without Thermal Screening Facilities

Nigerian Maritime Administration and Safety Agency (NIMASA) is to ban international vessels without thermal screening facilities. The Director General of NIMASA, Dr Bashir Jamoh, made this known in a statement on Sunday. Jimoh said that following the outbreak ...

March 30, 2020 No Responses

Ecobank Deploys N100m For COVID-19 Campaign

As part measures to check the rising spread of Corona Virus Disease (COVID-19),Ecobank Nigeria votes N100million to drive its National Radio Campaign tagged: “StaySafeNigeria”, In a statement on Sunday, the Bank explained that the campaign, which is a call...

March 30, 2020 No Responses

UBA Presents N1b Cheque To Lagos Government

The United Bank for Africa (UBA) on Sunday in Lagos presented N1billion cheque to the Lagos State Government as part of the bank’s commitment to help curb the effect of Coronavirusdisease (COVID-19). It is also in fulfilment of the Bank’s...

March 30, 2020 No Responses

SEC Nigeria Unveils Regulatory Framework For Crowd Funding

Conscious of the need to further deepen the nation’s capital market and enable it provide development capital for Medium and Small-scale Enterprises of the economy, Nigeria’s Securities and Exchange Commission (SEC), at the weekend unveiled an exposure dra...

March 30, 2020 No Responses

COVID-19: Heritage Bank Sustains Seamless Service To Stakeholders

As the world grapple with the impact of the outbreak of Coronavirus pandemic, which has continued to cause worldwide challenges for healthcare systems, economies and corporate organisations, Heritage Bank Plc has taken practicable steps to offer seamless servi...

March 30, 2020 No Responses

Buhari’s Address On COVID-19

ADDRESS BY H.E. MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE COVID- 19 PANDEMIC SUNDAY 29TH MARCH, 2020 1. Fellow Nigerians, 2. From the first signs that Coronavirus, or COVID-19 was turning into an epidemic and...

March 30, 2020 No Responses

Catholic Men Organization Lauds Sanwo-Olu Leadership Style, Seeks Support For Abule Ado victims

The President, Lagos Archdiocese Catholic Men Organization of Nigeria (LACMON), Barrister Vincent Otiono has commended steps taken by the Lagos State Governor, Babajide Sanwo-Olu to tackle Coronavirus Pandemic and other challenges in the State. Acc...

March 29, 2020 No Responses

FRSC Establishes Situation Room, Directs Commanders To Enforce Restrictions

By citybusinessnews@yahoo.com — The Federal Road Safety Corps (FRSC) has established a situation room in its Operations Department to receive reports from field commands on the CoronavirusDisease (COVID-19). Meanwhile, the Corps Marshal, Dr B...

March 29, 2020 No Responses

First Bank: Our Branches Are Open Nationwide

Foremost financial institution, First Bank of Nigeria Limited, on Saturday, explained that following the directives for partial lockdown in several States across the country, the Bank will be offering skeletal services in some branches across the nation. A s...

March 29, 2020 No Responses

Buhari Salutes Tinubu At 68

President Muhammadu Buhari has joined Nigerians and the All Progressives Congress (APC) in celebrating a former Governor of Lagos State and National Leader of the ruling party, Sen. Bola Tinubu, on his 68th birthday on March 29. The president’s congratulator...

March 29, 2020 No Responses

Daimler Negotiates $11.03b Credit Line

Daimler is in talks with lenders for a credit facility of at least 10 billion euros ($11.03 billion) to help the car company cope with the coronavirus outbreak. According to Bloomberg, an announcement on the final amount could come as...