Business News Archives — Page 31 of 48

April 28, 2020 No Responses

COVID-19: Group Tasks Business Owners On Flexibility, Remodeling

The Information Systems Audit and Control Association (ISACA) has urged business owners to adopt flexibility and remodeling to grow their businesses now and after the COVID-19 era. The association gave the advice during its virtual meeting for April, monitored in...

April 26, 2020 No Responses

Moon, First Lady At Naming Of World’s Largest Ship

South Korean shipping major, HMM has held a naming ceremony for the first of its twelve 24,000 TEU containerships. The ceremony was presided by the President of the Republic of Korea Moon Jae-in and First Lady, Kim Jung-sook served as...

April 25, 2020 No Responses

Nigeria Inaugurates Task Team For Movement Of Agricultural Products

The Federal Government on Friday inaugurated a seven-man Joint Technical Task Team on Emergency Response to COVID-19 to ensure unrestricted movement of agricultural products across the country. The Minister of Agriculture and Rural Development, Alhaji Sabo Nan...

April 25, 2020 No Responses

UBA Declares N147.2b Gross Earnings, N32.7b Profit In Q1

For the first quarter ended March 31, 2020, United Bank for Africa (UBA) Plc has declared 8.5 percent year-on-year growth in profit before tax to N32.7 billion compared with N30.2 billion recorded in the first quarter of 2019. UBA Group...

April 25, 2020 No Responses

COVID-19: Seaport Defers Rent For Customers

Abu Dhabi Ports is offering a three-month rent deferment for the second quarter of the year for its customers as part of the relief measures aimed at curbing the impact of the coronavirus pandemic on their operations. The package also...

April 24, 2020 No Responses

COVID-19: FirstBank Sustains Faith With Customers

Amid shuttering of social activities especially commercial services, through various lockdown measures to contain the coronavirus pandemic, FirstBank has proven that as long as its customers require services, the Bank will be waiting right in front of them. As...

April 22, 2020 No Responses

Free Trade Zones: NEPZA Insists On 60 Per Cent Jobs For Host Communities

The Nigeria Export Processing Zones Authority (NEPZA) is to ensure that its policy on allocation of 60 per cent of jobs in Free Trade Zones to host communities is fully implemented. Acting Managing Director of NEPZA, Mr Bitrus Dawuk, gave...

April 22, 2020 No Responses

NSE Market Capitalisation Loses N152b

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday inched lower by N152 billion, amid sell pressure in 27 stocks. Specifically, the market capitalisation which opened at N11.945 trillion lost N152 billion or 1.27 per cent to close at N11.794...

April 20, 2020 No Responses

COVID-19: Heritage Bank Adopts ‘Business Continuity Strategy ”

Heritage Bank Plc has disclosed that the safety and wellbeing of its customers and employees are amongst the most pressing business needs, as the world grapple with the impact of the Coronavirus pandemic on human lives, businesses and economies. In...

April 20, 2020 No Responses

NRC Begins Disinfection Of Railway Facilities

The Nigeria Railway Corporation (NRC) has commenced sterilisation of all railway compounds and stations starting from its Headquarters in Lagos and the Lagos District. The corporation in a statement by Mr Oyekunle Oyewole, Deputy Director, Research, Health, Sa...

April 18, 2020 No Responses

NPA Extends Suspension Of Demurrage Charges

Following the extension of the Lockdown in response to the COVID-19 outbreak by President Muhammadu Buhari on Sunday, April 12, 2020, the management of Nigerian Ports Authority (NPA) has directed all Terminal operators to extend the suspension of all app...

April 14, 2020 No Responses

Shell Resumes Oil Export From Forcados Oil Export Terminal

Shell Petroleum Development Company of Nigeria Limited (SPDC) on Monday said it has resumed oil exports from the Forcados Oil Export Terminal. NAN reports that SPDC halted exports on April 4 over ‘unforeseen circumstances’ in its operations. Mr Michael Ada...

April 11, 2020 No Responses

Combating COVID-19 Hiccups At Seaports

By Moses Ebosele, ebosele@hotmail.com — As the number of COVID-19 cases continue to climb both in Nigeria and across the globe, individuals, corporate organizations and strategic agencies such as the Nigerian Ports Authority (NPA) are taking steps to nav...

April 11, 2020 No Responses

COVID-19: FirstBank Reinforces e-Banking Offerings, Appreciates Customers

First Bank of Nigeria Limited has reassured its customers that it would remain steadfast and ready to show up for them at these “unprecedented times.” The Bank, in a statement released on Thursday and signed by its chief executive officer,...