yetty, Author at City Business News

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 – Mitsubishi UFJ...

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...

May 8, 2020 No Responses

Group Tasks NIMASA, NESREA, Others On Cause Of Dead Fishes Along Coastline

Stakeholders in the Niger Delta have called on regulatory agencies to expedite investigations into the dead fishes littering the Atlantic Ocean coastline. The stakeholders made the call in a report titled “Massive Death of Fishes across the Atlantic Coastlin...

May 8, 2020 No Responses

Lagos Predicts 120,000 Confirmed Coronavirus Cases By July

The Commissioner for Health in Lagos State, Prof. Akin Abayomi, says the state may record between 90,000 and 120,000 confirmed cases of COVID-19 (Coronavirus) by July. Abayomi, who made this known during a media briefing on COVID-19 update on Friday...

May 8, 2020 No Responses

Lufthansa To Double Schedule In June

Germany’s Lufthansa on Friday said it would roughly double its schedule in June, putting 160 planes into the air to carry passengers to 106 domestic and foreign destinations, the airline announced from its Frankfurt Headquarters.Lufthansa, along with its sub...

May 8, 2020 No Responses

Balogun Retires From Lafarge Africa As Chairman

Lafarge Africa on Friday announced the retirement of Mr Mobolaji Balogun as the chairman of the company effective June 4. The company said this in a statement by Mrs Folashade Ambrose-Medebem, Director, Communications, Public Affairs and Sustainable Developmen...

May 8, 2020 No Responses

Imumolen Joins World Presidential Civility Club

A social entrepreneur based in Lagos, Nigeria, Dr. Christopher Imumolen was recently named the newest Ambassador to be inaugurated into the World Presidential Civility Club. According to a statement from the organization, Dr Imumolen will be working with Wo...

May 8, 2020 No Responses

COVID-19: SIFAX Group Boss Lists Recovery Strategies For Businesses

In order for businesses to survive the current economic crunch as a result of the COVID-19 pandemic, a comprehensive review of business processes and operations as well as willingness to adapt to new realities will be key. According to Mr....

May 8, 2020 No Responses

NSE Ranks Second In Bloomberg’s Best Performing Indexes

Despite the global Coronavirus (COVID-19) pandemic,the Nigerian Stock Exchange (NSE) has continued to enjoy significantly rallies in recent weeks. As the Exchange sustains remote trading, free flow of information and vibrant market activity, the index ha...

May 7, 2020 No Responses

NSE Boosts Fight Against Coronavirus With N100m

The Nigerian Stock Exchange (NSE) has committed the sum of N100 million to support the fight against coronavirus pandemic in the country. The exchange explained in a statement on Thursday that N60 million out of the N100 million would be...

May 7, 2020 No Responses

Covid-19: Protecting Workers In The Workplace

COVID-19 lockdown and containment measures threaten to increase relative poverty levels among the world’s informal economy workers by as much as 56 percentage points in low-income countries, says a new briefing paper issued by the International Labour...