Author: City BusinessNews

Fidelity Bank Photo News
February 27, 2020 No Responses

Fidelity Bank Photo News

Head, Savings Group, Fidelity Bank Plc, Ukpai Ibe; Winner of N2 million, Adepeju Esther Adepoju and her child; Divisional Head, Retail Bank, Fidelity Bank Plc, Richard Madiebo  at the 2nd bi-monthly/ 4th monthly prize presentation of Fidelity Get Alert In...
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Coronavirus Costing Shipping Industry $350m A Week
February 27, 2020 No Responses

Coronavirus Costing Shipping Industry $350m A Week

The impact of the outbreak of the coronavirus is estimated to be costing the shipping industry USD 350 million a week in lost revenues, according to the International Chamber of Shipping (ICS). The virus outbreak is having a significant impact...
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Peugeot Records 13.2 Per Cent Increase In Profit
February 27, 2020 No Responses

Peugeot Records 13.2 Per Cent Increase In Profit

Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler, which is strong in North America. PSA...
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More Flights Suspended Over Coronavirus
February 26, 2020 No Responses

More Flights Suspended Over Coronavirus

Gulf states have imposed more flight restrictions in an effort to try to slow the spread of the coronavirus outbreak. The United Arab Emirates (UAE) has suspended all flights to and from Iran apart from Tehran. Bahrain has also suspended...
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Nigeria’s Salvation Lies In Decentralisation Of Federal Powers
February 26, 2020 No Responses

Nigeria’s Salvation Lies In Decentralisation Of Federal Powers

The Lagos State Governor, Babajide Sanwo-Olu, has offered a fresh impetus on how true federalism can solve the current security challenges bedeviling Nigeria and put the country on the path of accelerated development. Sanwo-Olu said decentralisation of some ex...
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FG Approves $20 Million Tech Fund For Young Innovators
February 26, 2020 No Responses

FG Approves $20 Million Tech Fund For Young Innovators

In furtherance of the Buhari administration’s drive to support Micro, Small and Medium Enterprises (MSMEs), the Bank of Industry has approved a $20M technology fund for young innovators, while the Central Bank of Nigeria (CBN) is offering a N90 Billion...
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Nigeria Begins N46.83b Agric Scheme In Niger Delta
February 25, 2020 No Responses

Nigeria Begins N46.83b Agric Scheme In Niger Delta

The Nigerian Government has engaged 140 trainees to support the take-off of $129.17m (N46.83 billion) agricultural scheme in the Niger Delta region. Minister of Agriculture and Rural Development, Sabo Nanono, disclosed this at the Livelihood Improvement Family...
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Rice Production Increases to 3m Tonnes In Kano
February 25, 2020 No Responses

Rice Production Increases to 3m Tonnes In Kano

AS part of measures to meet local demand, the Kano State Government has raised rice production in the  state to 3 million tonnes annually.  ov. Abdullahi Ganduje of Kano state says his administration has raised rice production in the  state...
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NSE Market Capitalisation Records N181b Loss
February 25, 2020 No Responses

NSE Market Capitalisation Records N181b Loss

Activities on the nation’s bourse opened for the week on Monday still on a negative outlook with the market capitalisation shedding N181 billion. Speficially, the market capitalisation following free fall of stocks, lost N181 billion or 1.27 per cent to...
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Nigeria To Introduce Incentives To Boost Capital Market
February 25, 2020 No Responses

Nigeria To Introduce Incentives To Boost Capital Market

Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, on Monday said the Federal Government of Nigeria will further introduce incentives to boost investments in the nation’s capital market. Ahmed gave the assurance during a visit to the Nigeria...
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Jaguar Land Rover Opens New Dealership
February 25, 2020 No Responses

Jaguar Land Rover Opens New Dealership

Jaguar Land Rover on Monday announced the opening of its new 3S facility in the city of Hyderabad, india through Pride Motors.  A statement explained that It also has a JLR approved pre-owned car section and showcases a wide range...
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CBN Clarifies Position On Domiciliary Accounts
February 24, 2020 No Responses

CBN Clarifies Position On Domiciliary Accounts

The Central Bank of Nigeria (CBN) has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks (DMBs), the CBN Director, Corporate Communications, Mr Issac Okorafor, clarified on Sunday. He explained that only electronic fund tran...
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SEC Nigeria Assures Dantata Subscribers Of Claims Settlement
February 24, 2020 No Responses

SEC Nigeria Assures Dantata Subscribers Of Claims Settlement

The Securities and Exchange Commission (SEC) has assured subscribers of the defunct Dantata Success and Profitable Company (DSPC) that it is discussing with all parties with a view to settling their claims. A statement by Mrs Efe Ebelo, Head, Corporate...
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Nigeria Proposes Bill To Ban Plastics
February 24, 2020 No Responses

Nigeria Proposes Bill To Ban Plastics

The National Assembly and the Federal Ministry of Environment are putting the finishing touches to a bill meant to prohibit the production of plastics, which pollute the environment.  A member of the Senate Committee on Marine Transport, Senator Tolulope ...
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