yetty, Author at City Business News

April 16, 2020 No Responses

Onne Customs Collects ₦22.9B Revenue In Q1

For the 2020 First Quarter, the Nigeria Customs Service, Area II Command Onne Port, recorded total revenue collection of ₦22,950,780,163.43K, with seizures of seven containers worth total Duty Paid Value (DPV) of ₦215,387,201.18 On export, the Command recorded 1,053,531 metric...

April 16, 2020 No Responses

ITU Unveils ‘G5 Benchmark’

The International Telecommunication Union (ITU) has launched the 2020 Global ICT Regulatory Outlook which includes the Benchmark of Fifth Generation Collaborative Regulation, a new tool for policy-makers and regulators to leverage digital transformation for...

April 16, 2020 No Responses

Volkswagen Cuts 2020 Forecast As Turnover Drop By $60b In Q1

Germany’s Volkswagen (VW) on Thursday said it would not meet its 2020 forecasts, after the group saw turnover fall to 55 billion euros (or 60 billion dollars) in the first quarter, down from 60 billion euros a year ago. According...

April 15, 2020 No Responses

FBN Holdings Explains Divestment From FBN Insurance

FBN Holdings Plc has notified the Nigerian Stock Exchange (NSE) of on-going discussions with its partner Sanlam Emerging Markets to divest 65 per cent equity in FBN Insurance (FBNI) Ltd.The company stated this in a notice sent to the Exchange...

April 15, 2020 No Responses

Ecobank To Nigerians: Embrace Instant Account Opening With EcobankMobile *326#

Ecobank Nigeria is encouraging unbanked and underbanked Nigerians which include artisans such as mechanics, carpenters, electricians, small scale retailers, transporters and others who depend on daily earning for survival, to open bank accounts instantly...

April 15, 2020 No Responses

NSE Unveils Guidance On Virtual Meetings For Stakeholders

The Nigerian Stock Exchange (NSE) has published guidance on virtual Board, Committee, and Management Meetings for stakeholders.A statement issued on Wednesday explained that the Guidance is in response to the shift from conventional physical meetings to virtua...

April 15, 2020 No Responses

Nigeria Reduces Price Of Fertilizer

The Federal Government has reduced the price of NPK fertilizer from N5,500 to N5,000 per 50kg bag.Announcing the develoment on Wednesday, Governor Muhamad Badaru of Jigawa, who is the Chairman, Presidential Fertilizer Initiative (PFI) explained in Dutse ...

April 14, 2020 No Responses

Report: Worldwide 5G Connections To Hit 2.7b By 2025

Data compiled by Finbold.com has revealed that in the next five years global 5G connections will be 2.7 billion.According to the data, this will be a growth of at least 20 times from this year’s 120 million connections.The report projected...

April 14, 2020 No Responses

Police Recovers 21 Stolen Cars

The Nigeria Police Special Tactical Squad (STS) has smashed a two-man car stealing gang led by one Bashir Isiaku, aged 34, notorious for stealing cars from the car park of the Jos University Teaching Hospital (JUTH).A statement issued on Tuesday...

April 14, 2020 No Responses

IMF Projects Recession For Sub-Saharan Africa In 2020

Sub-Saharan Africa’s gross domestic product is expected to contract 1.6 per cent this year, compared with 3.1 per cent growth in 2019, as the coronavirus pandemic wrecks the region’s economies, the International Monetary Fund said on Tuesday.Various Africa...

April 14, 2020 No Responses

COVID 19: Buhari Lauds EU’s Donation Of N21b

President Muhammadu Buhari Tuesday in Abuja commended the European Union for donating the sum of N21 billion (50 million Euros) to support Nigeria’s efforts at controlling the spread of the coronavirus pandemic.Receiving the EU delegation to the country, led...

April 14, 2020 No Responses

FRSC Boss To Commanding Officers: Step Up Enforcement, Impound Unauthorised Vehicles

Following President Muhammadu Buhari’s extension of the current lockdown in Lagos, Ogun States, as well as the Federal Capital Territory Abuja for another 14days effective from 11:59 Monday 13 April, 2020; the Corps Marshal, Federal Road Safety Corps,(FR...

April 14, 2020 No Responses

SIFAX Group Donates Hand Gloves, Sanitizers, Others To NPA

As part of resolve to further strengthen the fight against the spread of Coronavirus at the Tin Can Island Port, SIFAX Group has donated protective equipment to the Nigerian Ports Authority (NPA).A statement issued on Tuesday explained that the donation...

April 9, 2020 No Responses

COVID-19 Crises Best Time For Nigeria To Go Into Agriculture”

Senior Special Assistant to President Muhammadu Buhari on Niger Delta Affairs, Sen. Ita Enang has said that the current Coronavirus crises period presents the best opportunity for Nigerians to go into agriculture.Enang gave the advice on Thursday in Abuja when...