yetty, Author at City Business News

May 7, 2020 No Responses

Market Capitalisation Gains N110b

Activities on the Nigerian Stock Exchange (NSE) remained upbeat on Thursday with the market capitalisation improving further by N110 billion following gains in Nestle and Dangote Cement. Consequently, the market capitalisation which opened at N12.582 trillion rose by N110 billion...

May 7, 2020 No Responses

Ecobank Nigeria Opens More Branches, Urges Customers To Obey COVID-19 Rules

Ecobank Nigeria has encouraged its customers to obey COVID-19 rules, emphasizing the importance of social distancing to check the spread of the Coronavirus, especially when visiting the branches. The bank which gave this advice in a mail to customers als...

May 6, 2020 No Responses

Airline Operators Fault FG’s Engagement Of Foreign Carriers For Evacuation

The Airline Operators of Nigeria (AON) on Wednesday faulted the decision by the Federal Government to engage foreign airlines for the evacuation of Nigerians abroad. Chairman of AON, Capt. Nogie Meggison in a statement explained that government’s ...

May 6, 2020 No Responses

Ibom Air Boosts Fleet With New Aircraft

Akwa Ibom State Government commercial airline, Ibom Air, has added another aircraft to its fleet. The new aircraft, a bombardier CRJ 900, arrived at Murtala Muhammed International Airport, Lagos, from Calgary, Canada, at 10:48 p.m. on Tuesday, the airline m...

May 6, 2020 No Responses

Market Capitalisation Sustains Growth, Retains N167b

The Nigerian stock market on Wednesday extended its positive sentiment rally with the market indices appreciating by 1.40 per cent. Specifically, the All-Share Index (ASI) increased by 334.06 points, representing a growth of 1.40 per cent to close at 24,143.37...

May 6, 2020 No Responses

Lagos Clamps Down On Illegal Barge Operators

The Lagos State Waterways Authority (LASWA) has clamped down on illegal barge operators along the Mile 2 area of the state waterways. The General Manager of LASWA, Mr Oluwadamilola Emmanuel, made this known on Wednesday in a statement in Lagos....

May 6, 2020 No Responses

Lockdown: FRSC Impounds 400 vehicles

The Federal Road Safety Corps (FRSC), Command in Delta has impounded over 400 vehicles for violating COVID-19 lockdown in the state.Mr Fatai Bakare, the Acting Sector Commander, disclosed this at a media briefing on Wednesday in Asaba.Bakare said the command.....

May 6, 2020 No Responses

WISTA Canvasses Support For Seafarers

The Women’s International Shipping and Trading Association, on Wednesday announced new initiative aimed at seafarers. Under the arrangement, WISTA Norway, WISTA UK, WISTA Singapore, WISTA Brazil, and WISTA Argentina have come together to off...

May 6, 2020 No Responses

COVID-19: NLNG Hands Over Bonny Holding Centre

Nigeria Liquefied Natural Gas Limited (NLNG) on Tuesday handed over a 10-bed Holding Centre, which it donated to the Bonny Zonal Hospital as part of its support to its host community to fight the spread ofCoronavirus (COVID-19). This handover is...

May 5, 2020 No Responses

Union Bank Shareholders Laud 2019 Performance, Okay 25k Dividend

Shareholders of Union Bank of Nigeria (UBN) Plc have commended the board and management for enhanced profitability achieved in 2019 financial year. The bank, in a statement, said the shareholders gave the commendation at its first ever virtual Annual General.....

May 5, 2020 No Responses

NSE’s Market Capitalisation Recovers N375b

The capitalisation of the Nigerian Stock Exchange (NSE), rose by N375 billion in six hours of trading, amid price appreciation recorded by some blue chips. Specifically, the market capitalisation which opened at N12.033 trillion, rose by N375 billio...

May 5, 2020 No Responses

NIS Generates N62.6b, $41.832m In 2019

For the year 2019, the Nigeria Immigration Service (NIS) generated over N62.6 billion and $41.83 million. The Comptroller General, NIS, Mr Muhammad Babandede said this at the public presentation of the fourth edition of NIS annual report since the commenc...

May 5, 2020 No Responses

ExxonMobil: Cylinder Lubrication Must Adapt To Multi-Fuel Reality

The impending acceleration of decarbonization efforts to meet the IMO’s 2050 targets is expected also to speed up the development of new more environmentally-friendly engine designs. Aside from the very low sulphur fuels, engines of the future are expected t...

May 5, 2020 No Responses

Senate Wants Police Force Decentralized

The Senate has called for the de-centralization of the Nigeria Police Force and the need for community policing as a way of addressing the country’s problem of insecurity. This formed part of the recommendations of the Senate Ad-hoc Committee on...