City BusinessNews, Author at City Business News

March 29, 2020 No Responses

NNPC Assures Nigerians Of Steady Fuel Supply

The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of adequate fuel supply following implementation of sit-at-home order in some states to contain the spread of the COVID-19. Mr Mele Kyari, Group Managing Director, NNPC, who gave the assurance in...

March 29, 2020 No Responses

COVID-19: Kwara Lauds BUA, Elumelu, UBA

The Kwara State Government has commended Alhaji Abdulsamad Rabiu, Chairman, BUA Group; Chief Tony Elumelu, and the United Bank for Africa (UBA) for their financial support to strengthen the campaigns against the spread of Coronavirus (COVID-19) pandemic in the...

March 29, 2020 No Responses

Volkswagen: Car Market To Recover In Summer

Volkswagen expects the car market in Germany to recover in the summer after the auto maker was forced to suspend output due to the coronavirus pandemic.. “We assume that Germany will return to normal in the summer,” Juergen Stackmann, management...

March 28, 2020 No Responses

NPA Donates 130-Bed Agura Hotel As Isolation Centre

By Moses Ebosele, ebosele@hotmail.com —- As Nigerians grapple with the challenges associated with Corona Virus Disease (COVID-19), the Nigerian Ports Authority (NPA) and other Shareholders have resolved to donate the fully furnished 130-be...

March 28, 2020 No Responses

FCTA Gets N500m Donation From UBA

The Federal Capital Territory Administration (FCTA), on Friday in Abuja received N500 million donation from the United Bank for Africa (UBA) to assist the Federal Government’s efforts to curb the Coronavirus (COVID-19) pandemic in the territory. The Vice Cha...

March 28, 2020 No Responses

Lagos Unveils Economic Stimulus, Targets 200,000 Households

Governor Babajide Sanwo-Olu of Lagos State has unveiled an economic stimulus package for the indigent and the most vulnerable in the society . This comes few days after a stay-at-home directive to residents in order to curtail the spread of...

March 28, 2020 No Responses

Americans To get $1,200 Each As Trump Signs Historic $2.2tri Financial Stimulus Bill

President Donald Trump on Friday signed the $2.2 trillion (N827 trillion) financial stimulus package to cushion the economic impact of the coronavirus pandemic in the United States. This came hours after the country’s House of Representatives approved the bi...

March 28, 2020 No Responses

120 Benefits from Taiwo Afolabi Free Medical Outreach

A total of 120 persons have enjoyed free dental and medical care at the Taiwo Afolabi Free Rural Dental Outreach which was held at the popular Sango-Ojurin market in Ibadan recently. The beneficiaries included market men and women. A statement...

March 28, 2020 No Responses

Sterling Bank Declares N10.6b Profit In 2019

Sterling Bank Plc has reported an audited profit after tax (PAT) of N10. 6 billion on gross earnings of N150.2 billion for the year ended December 31, 2019, compared to a net profit of N9.2 billion in the corresponding period...

March 28, 2020 No Responses

Kia Appoints New President

The South Korean carmaker, Kia Motors Corporation on Friday appointed Ho-sung Song as the President of the organisation. Song who was earlier heading Global Operations Division will now spearhead the advancement of ‘Plan S’, the company’s mid- to long-te...

March 27, 2020 No Responses

Covid-19: Dana Air Offers FG Resources, Aircraft To Ferry Relief Materials

The management of Dana Air has offered its resources, aircraft and crew to assist Nigeria in the battle against Corona Virus Disease (COVID-19). The airline in a letter to the Minister of Aviation, Senator Hadi Sirika, expressed support to contribute...

March 27, 2020 No Responses

Covid-19: Kia Motors Factory To Produce Face Masks

South Korea’s Kia Motors Corporation is considering making face masks at its Chinese factory to help battle the spread of the coronavirus. The announcement follows a similar move by Fiat Chrysler, whose CEO Mike Manley said earlier this week that.....

March 27, 2020 No Responses

COVID-19: UBA Deploys $14m Aid To African Countries

United Bank for Africa Plc (UBA) has announced a donation of over 5 billion Naira (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the Coronavirus (COVID-19) global pandemic. The donation will p...

March 27, 2020 No Responses

CMA CGM Seals $815m Sale Of Eight Port Terminals

French container shipping and logistics company CMA CGM has completed a first transaction related to the sale of eight port terminals to Terminal Link, a joint venture between CMA CGM and port developer and operator China Merchants Port Holdings (CMP)....