City BusinessNews, Author at City Business News

March 23, 2020 No Responses

Eko Hotels Shuts Down

THE management of Eko Hotels and Suites, Lagos State on Sunday shut down activities. The management of the five-star facility explained in a statement that it was temporarily shutting down some sections until the coronavirus pandemic disease is put under...

March 23, 2020 No Responses

Atiku’s Son Tests Positive For Coronavirus

A son of former Vice President Atiku Abubakar has tested positive for the Coronavirus Disease (COVID-19). Abubakar revealed this on his verified Twitter handle late on Sunday night. Abubakar, who had a few hours before then issued a statement calling...

March 23, 2020 No Responses

Coronavirus: We’re Not Shutting Down Operations – Union Bank

The Union Bank of Nigeria Plc, on Sunday, denied social media report that it would shut down its daily operations, beginning from March 23 due to the Coronavirus pandemic. The Head, Corporate Communication and Marketing of the bank, Ogochukwu Ekezie-Ekaidem,.....

March 23, 2020 No Responses

EU Auto Industry Faces Crisis

The effect of the coronavirus on society and the global economy is unprecedented, with grave consequences for the automobile industry. Indeed, most of the members of the European Automobile Manufacturers’ Association (ACEA) have already announced temporary c...

March 22, 2020 No Responses

Passengers Stranded As Benin Republic Closes Border

Hundreds of passengers were stranded in Seme on Saturday as Benin Republic closed its border over the global coronavirus pandemic. A News Agency of Nigeria (NAN) correspondent who visited Seme border reports that Benin Republic had closed the departure and...

March 22, 2020 No Responses

Bankers’ Committee Back CBN’s N3.5 trillion Stimulus Package

As the country continues to record new cases of corona virus, the Central Bank of Nigeria (CBN) and the Bankers’ Committee rose from an extra-ordinary meeting held in Lagos on Saturday, March 21, 2020, with the pledge to grant funding...

March 22, 2020 No Responses

Coronavirus: FirstBank Deploys Measures To Protect Employees, Customers, Stakeholders

Foremost financial institution, First Bank of Nigeria Limited has announced proactive measures it has taken to control the spread of the COVID – 19 (Coronavirus) pandemic. The Bank’s Group Head, Marketing & Corporate Communications, Folake An...

March 22, 2020 No Responses

Coronavirus: NRC Makes U-Turn

The Nigerian Railway Corporation (NRC) says all train services will continue contrary to its earlier announcement of suspension of services as part of measures to contain spread of COVID-19. The News Agency of Nigeria (NAN) reports that the Board and...

March 22, 2020 No Responses

Confusion As Groom Dies On Wedding Day In Jos

A groom-to-be, Mr Samuel Yarling, of Lamingo, Jos, has reportedly died on his wedding day leaving his bride-to-be and both families devastated. The wedding which was slated for March 21, at the ECWA Church Seminary, had sent two families into...

March 21, 2020 No Responses

Nigeria Devalues Currency, Explains Uniform Exchange Rate

The Central Bank of Nigeria (CBN) on Friday devalued the naira to N380 to a dollar and adopted a unified exchange rate. Under the arrangement, the apex Bank pushed the official rate of the naira to N376 to dollar for...

March 21, 2020 No Responses

Women Farmers Seek Land Use Act Review

Women farmers under the auspices of Smallholder Women Farmers Organisation in Nigeria(SWOFON) have called for review of the Land Use Act as part of measures to adequately protect their rights to own and control land. The President of the association,...

March 21, 2020 No Responses

Japanese Automakers Close More Plants In Europe

Japanese automakers to temporarily close more vehicle plants in Europe and Asia as the spread of the coronavirus prompts countries to instruct non-essential businesses to suspend operations. A growing number of global automakers have been shuttering plants in ...

March 20, 2020 No Responses

Stallion Motors – Hyundai To Unveil Nigeria’s first Electrical Car

By Moses Ebosele, ebosele@hotmail.com — Nigeria is set to join the rest of the World in embracing electric cars before the end of 2020 courtesy Stallion Motors, Nigeria’s leading auto assembler and franchisee of nine Global brands includ...

March 20, 2020 No Responses

Hapag Lloyd Liner Debuts At Ports & Cargo Terminal

Ports & Cargo Handling Services Limited, the flagship company of SIFAX Group and concessionaire of Terminal C, Tin Can Island Port, Apapa, Lagos, has added a new client to its growing clientele list. The latest addition is Hapag Lloyd AG...