yetty, Author at City Business News

May 12, 2020 No Responses

Market Capitalisation Loses N133b

The key performance indices of the Nigerian Stock Exchange (NSE) dropped further on Tuesday by 1.06 per cent amid profit-taking in some blue chips. Consequently, the market capitalisation lost N133 billion to close at N12.349 trillion against N12.482 trillion recorded...

May 12, 2020 No Responses

Group Seeks Quarantine Exception For 200,000 Seafarers, Maritime Workers

The UK Chamber of Shipping — the voice of the country’s shipping industry — has urged the UK government to exempt seafarers and maritime workers from any quarantine restrictions planned to be imposed. The trade association has also called on the...

May 12, 2020 No Responses

SAHCO Takes Over British Airways Ground Handling Contract

A subsidiary of SIFAX Group, Skyway Aviation Handling Company (SAHCO) PLC, has taken over the ground handling services of British Airways. Under this development, SAHCO PLC will be providing Passenger and Ramp Handling services to British Airways at the ...

May 12, 2020 No Responses

COSCO, Firm Complete Trial Of 5G Smart Seaports

An automated driverless truck for containers on Monday delivered containers to load a containership and collected unloaded containers from the vessel at the Port of Xiamen, passing a trial run as part of a project aimed at developing 5G smart...

May 12, 2020 No Responses

FRSC Arrests 396 Vehicles Over Social Distancing Violation

The Federal Road Safety Corps has arrested a total of 396 vehicles conveying over 2,422 passengers in the general operation area of its 12 Zonal Commands across the country, for indiscriminate violation of Presidential directives on physical distancing in vehi...

May 12, 2020 No Responses

Poultry Association Seeks Establishment Of Modular Hatcheries Across Nigeria

The Poultry Association of Nigeria (PAN) has called on both Federal and State Governments to encourage big hatcheries to set up modular ones across the country. President of the association, Mr Ezekiel Ibrahim, made the call in an interview with...

May 12, 2020 No Responses

NCDMB Warns Against Illegal Deployment Of Expatriates In Oil, Gas Sector

The Nigerian Content Development and Monitoring Board (NCDMB) is intensifying efforts to monitor and evaluate activities toward identifying operators involved in illegal deployment of expatriates in the oil and gas sector. The NCDMB, in a statement issued on i...

May 12, 2020 No Responses

Ecobank Holds Virtual Graduation Ceremony For Batch 7 Trainees

Fifty-Seven trainees, who represent batch seven set of graduates being absorbed into Ecobank Nigeria as full time employees were recently hosted to a virtual graduation ceremony by the Ecobank Academy as it positions itself as a high quality employer rea...

May 11, 2020 No Responses

Farmer Laments Egg Glut, Seeks Improved Value-Chain

A local poultry farmer, Mr Joel Oduware, has decried the growing level of egg glut in the country, attributing it to the novel coronavirus pandemic currently ravaging the world. Oduware, who is also an egg processor, raised the alarm in...

May 11, 2020 No Responses

Mazda Seeks $2.8b Loans

Mazda Motor Corporation has sought loans totalling about 300 billion yen ($2.8 billion) from Japan’s three megabanks and other lenders to ride out the coronavirus epidemic, a source with direct knowledge of the matter said on Saturday.The megabanks &#...

May 11, 2020 No Responses

Minister: Lagos, Abuja Isolation Centers Saturated By 600 Evacuees From Foreign Countries

The Minister of Foreign Affairs, Mr Geoffrey Onyeama, on Monday said over 600 evacuees from different countries are already at various isolation centres in Lagos and Abuja. Speaking at the Presidential Task Force on COVID-19 press briefing in Abuja, the...

May 11, 2020 No Responses

Sterling Bank Explains N2.1b Profit In Q1

For the first quarter ended March 31, 2020, Sterling Bank Plc has reported gross earnings and profit after tax of N32.9 billion and N2.065 billion respectively. The Bank also reported net operating income of N18.779 billion compared with N18.565 bi...

May 11, 2020 No Responses

SEC Nigeria Implores Stakeholders On Full Disclosures, Reopens Head Office

The Securities and Exchange Commission, SEC has reminded regulated entities in the capital market to continue to make adequate disclosures on the impact of COVID-19 on their businesses This was contained in a circular by the Commission to provide update...

May 11, 2020 No Responses

Stallion Group Partners Morsun Mobile Clinics On Free Medical Treatment In Lagos

By citybusinessnews@yahoo.com Stallion Empowerment Initiative (SEI), the charity arm of Stallion group has sealed partnership with Morsun Mobile Clinic to offer free medical consultations and drugs to Lagos State residents. A statement issued at the...