yetty, Author at City Business News

July 7, 2020 No Responses

Interest In Airtel Africa, BUA Cement, Zenith Bank Lift Market Capitalisation By N35b

The nation’s bourse halted negative trend on Tuesday due to investors’ interest in Airtel Africa, BUA Cement and 15 other equities. Consequently, the All-Share Index rose by 71.43 points or 0.30 per cent to close higher at 24,097.48 compared with...

July 7, 2020 No Responses

CEOs Of Maritime Agencies Converge At NSC, Reiterate Synergy, Efficiency

The Chief Executive Officers (CEOs) of maritime agencies in Nigeria on Tuesday converge at the headquarters of Nigerian Shippers Council (NSC) to brainstorm on various modalities and areas of collaborations. The meeting had in attendance Executive Secret...

July 7, 2020 No Responses

Largest Online Gathering Of Workers, Employers, Others To Brainstorm On Post-Pandemic Recovery

More than 50 Heads of State and government, as well as prominent global employers’ and trade union leaders are to take part in global discussions on COVID-19 and the World of Work, which be held online, 7-9 July.A statement issued...

July 7, 2020 No Responses

NPA Reacts To Alleged Lopsided Appointments Of GMs, Heads Of Departments

The management of Nigerian Ports Authority (NPA) on Tuesday described alleged lopsided appointments of General Managers/Heads of Departments as “unfounded and riddled with untruth”. According to NPA, General Managers are usually appointed from t...

July 7, 2020 No Responses

FRSC Arrests 236 Traffic Offenders In Seven Days

The Federal Road Safety Corps (FRSC) in Rivers has arrested a total of 236 traffic offenders within one week. The state Sector Commander, Corps Commandant Salisu Galadunci disclosed this to the News Agency of Nigeria (NAN) on Tuesday in Port...

July 7, 2020 No Responses

600 Firms Bid For Nigeria’s 57 Marginal Oilfields

Over 600 companies have applied to be prequalified for the ongoing bid rounds of 57 marginal oilfields in Nigeria, the Department of Petroleum Resources (DPR) has said. Director of DPR, Mr Auwalu Sarki made the disclosure while speaking on Tuesday in a.....

July 7, 2020 No Responses

FCTA Threatens To Shut GTBank Over Alleged COVID-19 Protocol Violation

The Federal Capital Territory Administration (FCTA) has threatened to seal some Guarantee Trust Bank branches in Abuja over alleged non-adherence to COVID-19 safety protocols in their operations. Chairman of the FCTA Enforcement Team on COVID-19, Mr Ikharo Att...

July 6, 2020 No Responses

Nigeria Proposes N2.3t To Boost Mining, other sectors

The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, has proposed N2.3 trillion to boost the mining and other sectors of the economy in post COVID-19 rescue operations. Adegbite said this in an interactive session with Journalists on Federal...

July 6, 2020 No Responses

Yuguda, New SEC Nigeria Boss Resumes, Pledges To Tackle Market Manipulation

The Director General of the Securities and Exchange Commission(SEC) Mr. Lamido Yuguda has stated that the capital market has a lot of potentials for growth and development of Nigeria post COVID-19 and beyond. Yuguda resumed alongside the Executive Commis...

July 6, 2020 No Responses

FG Grants 60% Debt Relief To Broadcast Stations

The Federal Government has approved 60 percent debt forgiveness for all debtor broadcast stations in the country to cushion the effects of COVID-19 on the industry. The Minister of Information and Culture, Alhaji Lai Mohammed, announced this on Monday in...

July 6, 2020 No Responses

Ganduje: APC ‘Il Win Edo Governorship Election

The National Campaign Council of the All Progressives Congress (APC) has expressed optimism that the party will win the Sept. 19 Edo Governorship election.Gov. Abdullahi Ganduje, the leader of the council said this shortly after the inauguration of the c...

July 6, 2020 No Responses

Access Bank To Reward Over 1,000 DiamondXrra Customers

Access Bank Plc is to reward over 1,000 DiamondXtra customers with various grants and cash prize in the second DiamondXtra quarterly draw of Season 12. The bank’s Group Head, Retail Products and Segments, Adaeze Ume, disclosed this in a statement...

July 6, 2020 No Responses

Market Capitalisation Opens Week With N162b Loss

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a loss of N162 billion in a day. Specifically, the market capitalisation which opened at N12.695 trillion lost N162 billion to close at N12.533 trillion. Also, the...