Business News Archives — Page 33 of 48

April 1, 2020 No Responses

Military Impounds 900 Bags Of Rice

The military has impounded more than 900 bags of 50kg foreign parboiled rice and arrested four suspected smugglers in the ongoing “Operations Calm Waters and Swift Response’’ coordinated by the Nigerian Navy. The Acting Director, Defence Media Operations, Brig.-Gen. Benard...

April 1, 2020 No Responses

COVID-19:Uber Unveils ‘UberMedic’ For Healthcare Workers

Ride-hailing company Uber on Tuesday said it has launched a new service ‘UberMedic’ to help transport frontline healthcare workers to medical facilities and other critical areas across India. “Uber is providing a new service, UberMedic, to tr...

March 31, 2020 No Responses

Oil Price Drops To Lowest Level In 18 years

The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic. Brent crude fell to $22.58 (£18.19) a barrel at one point on Monday, its lowest level since November 2002....

March 31, 2020 No Responses

Nigerian Breweries Postpones 2019 AGM

Nigerian Breweries (NB) Plc has announced the postponement of its 74th Annual General Meeting (AGM) slated for April 22. Mr Uaboi Agbebaku, NB Company Secretary, stated this in a notice to the investing public and the Nigerian Stock Exchange (NSE)....

March 31, 2020 No Responses

NPA: Lockdown Will Not Affect Operations At Seaports

Nigerian Ports Authority (NPA) on Monday explained that operations would continue at the ports in spite of the two-week lockdown of Lagos State to contain spread of COVID-19. Mr Adams Jatto, General Manager, Corporate and Strategic Communications of NPA, made....

March 29, 2020 No Responses

First Bank: Our Branches Are Open Nationwide

Foremost financial institution, First Bank of Nigeria Limited, on Saturday, explained that following the directives for partial lockdown in several States across the country, the Bank will be offering skeletal services in some branches across the nation. A s...

March 29, 2020 No Responses

NNPC Assures Nigerians Of Steady Fuel Supply

The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of adequate fuel supply following implementation of sit-at-home order in some states to contain the spread of the COVID-19. Mr Mele Kyari, Group Managing Director, NNPC, who g...

March 28, 2020 No Responses

120 Benefits from Taiwo Afolabi Free Medical Outreach

A total of 120 persons have enjoyed free dental and medical care at the Taiwo Afolabi Free Rural Dental Outreach which was held at the popular Sango-Ojurin market in Ibadan recently. The beneficiaries included market men and women. A statement...

March 28, 2020 No Responses

Sterling Bank Declares N10.6b Profit In 2019

Sterling Bank Plc has reported an audited profit after tax (PAT) of N10. 6 billion on gross earnings of N150.2 billion for the year ended December 31, 2019, compared to a net profit of N9.2 billion in the corresponding period...

March 28, 2020 No Responses

Kia Appoints New President

The South Korean carmaker, Kia Motors Corporation on Friday appointed Ho-sung Song as the President of the organisation. Song who was earlier heading Global Operations Division will now spearhead the advancement of ‘Plan S’, the company’s mid- to long-te...

March 27, 2020 No Responses

CMA CGM Seals $815m Sale Of Eight Port Terminals

French container shipping and logistics company CMA CGM has completed a first transaction related to the sale of eight port terminals to Terminal Link, a joint venture between CMA CGM and port developer and operator China Merchants Port Holdings (CMP)....

March 27, 2020 No Responses

Airtel: Doing Our Bit To Fight COVID-19

Over the last few days we have all been inundated with what is happening around the world with COVID-19. Although Africa was one of the last regions to be hit, there is still a lot we don’t know and the...

March 26, 2020 No Responses

COVID 19: FirstBank, Stakeholders To Unveil e-Learning Platform For Children

By Moses Ebosele, ebosele@hotmail.com — As Nigerians grapple with the effect of Corona Virus Disease (COVID-19), First Bank has concluded plans to unveil e-learning platform for children across Nigeria in collaboration with strategic stakeholders. ...

March 26, 2020 No Responses

Healthcare: CBN Explains N100b Credit Support Guidelines

The Central Bank of Nigeria (CBN) has released guidelines for operations of N100 billion credit support for the healthcare sector following the outbreak of COVID-19 in the country. In a circular signed by Mr Kevin Amugo, Director Financial Policy Regulation...