Business News Archives — Page 34 of 48

March 26, 2020 No Responses

Manufacturers To Sustain Production Of Essential Commodities

The Manufacturers Association of Nigeria (MAN) has urged its members to sustain ongoing operations and scale up production of essential commodities needed to curtail the spread of COVID-19. In a statement by its President, Mansur Ahmed, MAN applauded the efforts...

March 26, 2020 No Responses

UNCTAD: Let’s keep Ships Moving, Seaports Open

The United Nations Conference on Trade and Development (UNCTAD) on Wednesday called on all governments to keep maritime trade moving by allowing commercial ships continued access to ports worldwide and by facilitating the rapid changeover of ships’ crews sho...

March 26, 2020 No Responses

Dana Air Suspends Flights Operations

Dana Air has suspended flight operations for the next 14 days with effect from midnight, 25th March, 2020. In a statement issued by Kingsley Ezenwa, Media / Communications Manager, Dana Air said the development is in “response to the recent...

March 25, 2020 No Responses

Auto Firms To Converts Factories To Make Ventilators

Car firms are answering calls from governments to help make more ventilators and face masks to help out during the coronavirus pandemic. Already, Fiat has commenced converting one of its car plants in China to start making about one million...

March 25, 2020 No Responses

Five Largest Banks Declare $26.1b Revenue

Trade tensions, slow growth, and low-interest rates all left their mark on the world’s largest banks last year, affecting the investment banking revenue they racked up. The five largest global banks hit $26.1bn in investment banking revenue in 2019, 3%...

March 24, 2020 No Responses

NPA Directs Staff In 15 Departments To Stay At Home For 14 Days

The management of Nigerian Ports Authority (NPA) on Monday issued a fourteen day stay at home notice to workers of some of its departments and divisions. In a circular NPA explained that essential departments like Marine and Operations, Health, Safety...

March 23, 2020 No Responses

NIMASA Boss Implores Nigerians On Business Opportunities In Maritime Industry

The Nigerian Maritime Administration and Safety Agency (NIMASA) has advised Nigerians to get involved in vast Small and Medium Enterprises (SMEs) businesses in Nigerian maritime industry. The Director-General of NIMASA, Dr Bashir Jamoh, gave the advice in Enug...

March 23, 2020 No Responses

Eko Hotels Shuts Down

THE management of Eko Hotels and Suites, Lagos State on Sunday shut down activities. The management of the five-star facility explained in a statement that it was temporarily shutting down some sections until the coronavirus pandemic disease is put under...

March 22, 2020 No Responses

Bankers’ Committee Back CBN’s N3.5 trillion Stimulus Package

As the country continues to record new cases of corona virus, the Central Bank of Nigeria (CBN) and the Bankers’ Committee rose from an extra-ordinary meeting held in Lagos on Saturday, March 21, 2020, with the pledge to grant funding...

March 20, 2020 No Responses

NPA: Our Charges Not Highest In West Africa

By citybusinessnews@yahoo.com — The Nigerian Ports Authority (NPA) on Thursday reiterated that apart from towage dues, which were reviewed to cover the cost of providing the service in 2015, tariffs have remained the same since 1993. Accordin...

March 18, 2020 No Responses

Nigeria Reviews Oil And Gas Free Zones Authority Act

The Nigerian Government on Tuesday in Abuja commenced review of the Act establishing Oil and Gas Free Zones Authority (OGFZA). According to the Government, the review is to remove ambiguities and enhance effectiveness in the sector. The Minister of Industry,.....

March 18, 2020 No Responses

Okowa Congratulates Ochei On NIMASA Appointment

Governor Ifeanyi Okowa of Delta State has congratulated Mr Victor Ochei on his appointment as Executive Director, Maritime Labour and Cabotage Services, at Nigeria Maritime Administration and Safety Agency (NIMASA). The governor in a statement signed by his Ch...

March 18, 2020 No Responses

Airline Operators Seek Travel Restriction To Lagos, Abuja Airports

The Airline Operators of Nigeria (AON) has urged the Federal Government to immediately announce a comprehensive travel restriction to nationals of countries that have been confirmed to have Coronavirus. Capt. Nogie Meggison, the Chairman of AON, made the call ...

March 17, 2020 No Responses

Heritage Bank, GEZAWA Seal Agric Partnership

Heritage Bank Plc, the lead settlement bank for Gezawa Commodity Market (GCMX) in collaboration with key stakeholders is to revolutionise agricultural value-chain as part of measures to provide fully integrated ecosystem for commodity Exchange. A statement exp...