City BusinessNews, Author at City Business News

March 20, 2020 No Responses

NPA: Our Charges Not Highest In West Africa

By citybusinessnews@yahoo.com — The Nigerian Ports Authority (NPA) on Thursday reiterated that apart from towage dues, which were reviewed to cover the cost of providing the service in 2015, tariffs have remained the same since 1993. According to NPA, this...

March 19, 2020 No Responses

Nigeria Suspends Recruitment

As part of measures to address the impacts of Coronavirus on Nigerian economy, the Federal Executive Council (FEC) on Wednesday approved reduction in the size of the 2020 budget by about N1.5 trillion The Minister of Finance, Budget and National...

March 19, 2020 No Responses

Lagos To Shut Down Schools On Monday

The Lagos State Government is closing down all public and private schools from Monday March 23, 2020 as part of preventive measures against the spread of the Coronavirus pandemic. The state Commissioner for Education, Mrs Folashade Adefisayo, explained in a...

March 19, 2020 No Responses

Ekiti Corona Virus Patient, Driver To A Visiting American

Latest Nigerian to test positive of Corona Virus was said to have been infected while driving a 27-year- old American, who was visiting Nigeria from Richmond, Virginia, USA in the company of his caregiver, a Nigerian female Age 31, of...

March 19, 2020 No Responses

Rolls-Royce Suspends Production

Rolls-Royce Motor Cars has announced that it will be suspending production at its Goodwood-based manufacturing plant in response to the coronavirus pandemic. The luxury car manufacturer will suspend production at its Sussex plant from Monday, March 23 for two ...

March 18, 2020 No Responses

Nigeria Reviews Oil And Gas Free Zones Authority Act

The Nigerian Government on Tuesday in Abuja commenced review of the Act establishing Oil and Gas Free Zones Authority (OGFZA). According to the Government, the review is to remove ambiguities and enhance effectiveness in the sector. The Minister of Industry,.....

March 18, 2020 No Responses

SON Tasks Alaba Electronics Association On Self-Regulation

The Standard Organisation of Nigeria (SON) on Tuesday challenged the Electronics Section of Alaba International Market Association, Lagos, on self-regulation while importing products. The Director-General of SON, Mr Osita Aboloma made the appeal at a sen...

March 18, 2020 No Responses

Shippers’ Council Wins Ease Of Doing Business Award

The Nigerian Shippers’ Council (NSC) has won the prestigious World Bank 2019 Ease of Doing Business Ranking Award. The award is in recognition of NSC effort in driving Presidential Enabling Environment Council (PEBEC) overall reform initiatives i...

March 18, 2020 No Responses

Akinwuntan: Ecobank Xpress Save And Xpress Loan Is Designed To Stimulate Micro Savings In The economy

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan said the Ecobank Xpress Save and Xpress Loan is a digital product designed to stimulate micro savings in the economy. According to the bank Managing Director, this innovative product is par...

March 18, 2020 No Responses

Okowa Congratulates Ochei On NIMASA Appointment

Governor Ifeanyi Okowa of Delta State has congratulated Mr Victor Ochei on his appointment as Executive Director, Maritime Labour and Cabotage Services, at Nigeria Maritime Administration and Safety Agency (NIMASA). The governor in a statement signed by his Ch...

March 18, 2020 No Responses

Airline Operators Seek Travel Restriction To Lagos, Abuja Airports

The Airline Operators of Nigeria (AON) has urged the Federal Government to immediately announce a comprehensive travel restriction to nationals of countries that have been confirmed to have Coronavirus. Capt. Nogie Meggison, the Chairman of AON, made the call ...

March 17, 2020 No Responses

CBN Creates N50bn Fund, Cuts Rates On Loans

The Central Bank of Nigeria (CBN) Monday cut interest rates on all applicable CBN intervention facilities from 9 to 5 percent per annum for one year effective March 1, 2020. The apex Bank also granted a further moratorium of one...

March 17, 2020 No Responses

Hyundai Receives 14,000 Bookings For New Creta SUV

Hyundai Motor has unveiled the new Creta SUV for the India market. The automaker disclosed on Monay that it has received more than 14,000 bookings for the new Creta in less than 15 days. According to Hyundai, 50 percent of the bookings...

March 17, 2020 No Responses

Heritage Bank, GEZAWA Seal Agric Partnership

Heritage Bank Plc, the lead settlement bank for Gezawa Commodity Market (GCMX) in collaboration with key stakeholders is to revolutionise agricultural value-chain as part of measures to provide fully integrated ecosystem for commodity Exchange. A statement exp...