Business News Archives — Page 30 of 48

May 20, 2020 No Responses

Emefiele Woos Conglomerates To Help Boost Economy

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged industrial conglomerates operating in the country to support efforts aimed at growing the Nigerian economy. Emefiele gave the advice on Tuesday in a virtual meeting with the...

May 13, 2020 No Responses

Luxury Bus Owners Lament N12b Loss, Seeks Support, Palliatives

Association of Luxury Bus Owners of Nigeria (ALBON),on Tuesday, urged the Federal Government to help faciloitate loan facilities and other palliatives for its members. According to the Association, the loan facilities and palliatives will assist members ...

May 12, 2020 No Responses

Market Capitalisation Drops By N49b

The nation’s bourse resumed trading for the week on Monday on a bearish trend with the crucial indices dropping by 0.39 per cent. Specifically, the All-Share Index (ASI) lost 94.57 points or 0.39 per cent to close at 23,950.83 compared...

May 11, 2020 No Responses

Saudi Arabia Triples VAT, Suspends Allowance

Saudi Arabia is tripling its value added tax (VAT) as part of austerity measures to support its coronavirus-hit economy. The government in Riyadh also said it will suspend its cost of living allowance to shore up state finances. The oil-rich...

May 11, 2020 No Responses

South Korea Begins Work On Small LNG Vessel

South Korea has started building a small liquefied natural gas bunkering vessel as part of a project backed by the Ministry of Oceans and Fisheries. A steel-cutting ceremony to mark the construction of the 500 cubic meter capacity LNG bunkering...

May 9, 2020 No Responses

Toyota Posts First Increase In sales, Delivers 142,900 vehicles In April

For the Month of April 2020, Toyota Motor Corporation , on Friday announced that it recorded increase sales in China, the first monthly increase since the novel coronavirus broke out in January. Within the period, Toyota explained that it ...

May 8, 2020 No Responses

Nigeria‘s Seaport Revenue To Drop By 75 Per Cent in 2020

By citybusinessnews@yahoo.com — Due to the ongoing economic crisis generated by the outbreak of Coronavirus pandemic (Covid-19), Nigeria is to lose 75% of its Seaport revenue in 2020. Speaking on Thursday during an interactive session on Webinar ta...

May 8, 2020 No Responses

CBN Disburses Loan To Maize Farmers

The Central Bank of Nigeria (CBN) has commenced the disbursement of loans to maize farmers in Anambra under its Anchor Borrower Programme meant for the 2019 farming season. Speaking at the event on Thursday, Mrs Bridget Okpalaeke, the Development Finance...

May 4, 2020 No Responses

Doctors Begin Warning Strike In Ogun

The Association of Resident Doctors (ARD) at the Olabisi Onabanjo University Teaching Hospital (OOUTH), Sagamu, Ogun State, is to commence a three-day warning strike on Monday over non-implementation of its demands by the State Government. The Doctors’...

May 3, 2020 No Responses

Perishable Produce Markets To Open Twice A Week In Kano

The Kano State Government has said that markets would be open on Mondays and Thursdays during the lockdown to enable residents of the state stock-up food items and other essential commodities. Gov. Abdullahi Ganduje made this known while giving an...

May 1, 2020 No Responses

May Day: Workers Seek New Standard Hospitals

Nigerian workers under the aegis of Trade Union Congress (TUC) have appealed to the Federal Government to establish standard state of the art hospitals in each of the six geo-political zones. In a speech to commemorate workers day, President...

May 1, 2020 No Responses

Access Bank Shareholders Laud 2019 Performance, Dividend Payment

Access Bank Plc shareholders on Thursday commended the board, management and staff for the impressive performance recorded in 2019 financial year in spite of challenging operating environment. The shareholders gave the commendation at the bank’s 31st Annual ...

May 1, 2020 No Responses

Singapore Unveils $27m Maritime Support Package

The Maritime and Port Authority of Singapore (MPA) revealed it would provide further financial support to the maritime industry in the wake of the global COVID-19 outbreak. As informed, the MaritimeSG Together Package will take effect from 1 May 2020....

April 28, 2020 No Responses

Seaport Authorities Vow To Sustain Trade

Twenty port authorities from different parts of the world on Monday signed a declaration calling for collaboration and sharing of best practices in ensuring port operations remain open to trade as part of the global efforts to fight the COVID-19...