yetty, Author at City Business News

June 17, 2020 No Responses

Nestle, Cadbury, Flour Mills Top Gainers’ Table As Market Capitalisation Recovers N22billion

The Nigerian Stock Exchange (NSE) rebounded on Wednesday by 0.17 per cent amid renewed bargain hunting after two consecutive days of downward trend. Specifically, the All-Share Index increased by 42.01 points to close at 24,972.89 compared with 24,930.88 achieved on...

June 17, 2020 No Responses

‘Thunderous Lightning’ kills Three FRSC Officials In Ogun

Three officials of the Federal Road Safety Corps (FRSC) died mysteriously after a flash of thunder lightning occurred in their office at the early hours of Wednesday in Ilese area of Ijebu-Ode in Ogun State. The News Agency of Nigeria...

June 17, 2020 No Responses

NNPC’s Reserve To Hit 40b Barrels By 2023, Says Kyari

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said its target is to grow the nation’s reserve to 40 billion barrels by the year 2023. Malam Mele Kyari, Group Managing Director, NNPC, disclosed this during the unveiling of 2D seismic...

June 17, 2020 No Responses

Oshiomhole’s Suspension Divides APC NWC

Members of the National Working Committee (NWC) of the All Progressives Congress (APC) appeared to be divided into two factions over the judgment affirming Comrade Adams Oshiomhole’s suspension as the National Chairman.A three member panel of justices led by...

June 17, 2020 No Responses

Shippers’ Council May Sanction Hanover Bonded Terminal Over Inadquate Services

Nigerian Shippers’ Council (NSC), on Wednesday threatened to seal Hanover Bonded Termina over alleged poor services. NSC Deputy Director, Regulatory Services, Mrs Celine Ifeora, stated this while on tour of the bonded terminal to ascertain the type of operat...

June 17, 2020 No Responses

Jaguar Land Rover Records Surprise Sales Surge

Jaguar Land Rover said it’s seeing the beginnings of a demand rebound in China as the world’s second-largest economy opens up after months of inactivity following the coronavirus outbreak.While JLR lost 501 million pounds ($630 million) before tax in ...

June 17, 2020 No Responses

Nigeria To Unveil Single Window Project, Deploy Scanners At Seaports

As part of measures to curtail importation of fake and substandard products into the country in line with established protocols, plans are underway to operationalise the National Single Window project as well as deploy scanners at the nation’s seaports befor...

June 17, 2020 No Responses

BUA Threatens Dangote Group With Contempt Of Court

BUA Group on Wednesday threatened to initiate contempt of court proceedings against Dangote in three days, if it fails to remove the excavators and trenches used in barricading the entrance of Obu Mines. The BUA Group, in a statement in...

June 17, 2020 No Responses

The World Must Continue To Fight Corruption, Says Commonwealth Scribe

Countries’ response to Covid-19, their long-term development and the meeting of the Sustainable Development Goals (SDGs) are all threatened by the “invisible infection” of corruption, the Commonwealth Secretary-General, Patricia Scotland, has warned...

June 17, 2020 No Responses

Laursen Assumes Office As APM Terminals Nigeria Country Manager

Klaus Holm Laursen has been appointed as the new Country Manager for APM Terminals Nigeria. In his new capacity, the Country Manager will oversee the operations of APM Terminals in Apapa, Onne and Kano. Until his appointment, Mr. Laursen was...

June 17, 2020 No Responses

Man Remanded Over Alleged Rape Of 85-Year-Old Woman

A Chief Magistrates’ Court sitting in Kano on Wednesday ordered the remand of a 32-year-old man, Mohammed Zulfaralu, in a correctional centre for allegedly raping an octogenarian. The defendant, who resides at Gidan Kwana, Kwanar Dangora Village, is facing a...

June 15, 2020 No Responses

Labour, NECA Seal MoU To Boost Productivity, Protect Jobs In Nigeria

Organised Labour and the Nigeria Employers Consultative Association (NECA), have signed a Memorandum of Understanding (MOU), toward boosting productivity, prevent jobs loses, promote health and preserve means of livelihoods of all citizens.The MOU was signed b...

June 15, 2020 No Responses

NSE Market Capitalisation Records N119b Loss

Nigerian equities market resumed trading on Monday with a loss of 0.91 per cent as a result of profit taking in some blue chips. Speficially, the All-Share Index which opened the week at 25,182.67 lost 228.35 points or 0.91 per...

June 15, 2020 No Responses

Vessels Conveying Fuel, Fish, Bitumen, Others To Berth At Delta Seaports

The Nigerian Ports Authority (NPA) on Monday disclosed that nine vessels laden with fuel and other items are expected at the Delta ports.NPA in its daily publication, ‘Shipping Position’ identified some of the expected vessels to incl...