yetty, Author at City Business News

May 1, 2020 No Responses

Maritime Workers To Resist Pay Cut,Lockdown Period As Annual Leave

Maritime Workers Union of Nigeria (MWUN) will not accept pay cut from the management of any maritime company, President-General, Mr Adewale Adeyanju, has said. In his May Day speech, Adeyanju said members of the union would not also accept the...

May 1, 2020 No Responses

UBA Delivers Impressive Returns on Investment, as Shareholders Applaud Bank’s Support in Fight against COVID-19

Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one year history. The meeting, which had in attendance shareholders, manageme...

April 30, 2020 No Responses

3,256 Benefits From CBN N50b COVID-19 Credit Facility

No fewer than 3,256 individuals and small businesses have so far benefited from the Central Bank of Nigeria’s (CBN) N50 billion Targeted Credit Facility (TCF) to cushion effects of COVID-19. The Managing Director of Nigeria Incentive-Based Risk Sharing Syste...

April 30, 2020 No Responses

NSE Reiterates Commitment To Business Opportunities, Market Sustainability

The Nigerian Stock Exchange (NSE) has pledged to sustain market activities, leverage all available opportunities and maintain open lines of communication to all stakeholders. Chief Executive Officer of NSE, Oscar N. Onyema in an interview published...

April 30, 2020 No Responses

Zenith Bank Declares N166.8b Gross Earnings In Q1

Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31 2020, with gross earnings rising by 6% from N158.1 billion in March 2019 to N166.8 billion. From the unaudited statement of account which was presented...

April 30, 2020 No Responses

Collection Of Processed Passports, Fresh Enrollments Resume May 4

The Comptroller General, Nigeria Immigration Service (NIS), Mr Muhammad Babandede, has scheduled collection of processed passports and fresh enrollments for applicants invited through SMS. The Service Public Relations Officer (SPEO), Mr Sunday James, said this...

April 30, 2020 No Responses

Terminal Development Suspended As COVID-19 Persist

The Port of Seattle has delayed the development of the proposed Terminal 46 cruise terminal as it needs to investigate the impact of the coronavirus pandemic on the market before proceeding. The cruise industry has been severely impacted by the...

April 30, 2020 No Responses

Ecobank Records Increase In Customers Adoption Of Digital Channels,Posts $90m PBT In Q1

For the first quarter ended March 31, 2020, Ecobank recorded significant increases in customer adoption rates on its digital/online channels. According to the Bank, adoption rates are expected to accelerate as COVID-19 induced lockdowns change...

April 30, 2020 No Responses

Guangzhou: Facts, Solidarity and Cooperation

By Sun Saixiong Testing, testing, testing. To defeat the COVID-19 pandemic, testing is crucial for all, worldwide. Guangzhou, the capital city of Guangdong Province in China, is no exception. As of April 23, altogether 138,700 residents in Guangzhou, ...

April 30, 2020 No Responses

COVID-19: First Bank Supports Cross River With N30m

In a bid to curb the spread of COVID-19 in Cross River, First Bank Nigeria, on Thursday donated the sum of N30 million to the state government. The cheque was presented by the South-South Business Manager of the bank, Mr...

April 30, 2020 No Responses

Kaigama Harps On Equity In Distribution Of Palliatives

Most Rev. Ignatius Kaigama, the Archbishop of Abuja Catholic Archdiocese, has emphasised on equity in the distribution of palliatives by the three tiers of government to ensure most Nigerians benefit, especially the vulnerable group. Kaigama, in an interview w...

April 29, 2020 No Responses

ILO: Nearly Half Of Global Workforce At Risk Of Losing Livelihoods

The continued sharp decline in working hours globally due to the COVID-19 outbreak means that 1.6 billion workers in the informal economy – that is nearly half of the global workforce – stand in immediate danger of having their livelihoods destroyed, t...

April 29, 2020 No Responses

Nigeria Disburses N43.416b To 24 States

The Federal Government has disbursed N43.416 billion as performance-based grants to 24 eligible states on the basis of the results achieved in 2018. Mr. Hassan Dodo, the Director of Press and Public Relations in the Ministry of Finance, Budget and...

April 29, 2020 No Responses

CBN Resumes Dollar Sales For SMEs, School Fees

The Central Bank of Nigeria (CBN) has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay school fees and Small and Medium Enterprises (SMEs). The CBN Director, Corporate Communications, Mr Isaac Okora...