City BusinessNews Archives — Page 192 of 322

May 19, 2020 No Responses

Delta Port To Receive Nine Vessels

The Nigerian Ports Authority (NPA) on Tuesday disclosed that nine vessels are expected to arrive at the Delta Port, Warri, between May 19 and May 30. According to NPA’s daily publication, ‘Shipping Position,’ the ships were laden with Automotive Gasoline Oil...

May 19, 2020 No Responses

Lufthansa To Ground 500 Aircraft

Lufthansa is bracing for hundreds of aircraft to remain grounded due to the coronavirus pandemic well into 2022 and that further job cuts at its maintenance and catering businesses were inevitable. The German airline is set to ground 500 of...

May 19, 2020 No Responses

Nigeria Confirms 216 New Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC) on Monday recorded 216 new Coronavirus (COVID-19) cases, bringing the total figure to 6175. NCDC listed the states and the figures as Lagos (74); Katsina (33); Oyo (19); Kano (17); Edo (13); Zamfa...

May 19, 2020 No Responses

Navy Rescues 18 Crew Members On Board Chinese Vessel

The Nigerian Navy (NN) on Monday said it rescued 18 crew members on board a Chinese vessel, MV HAILUFANG II, from pirates’ attack. A statement issued by Commodore Ibrahim Shettima, the Commander Nigeria Navy Ship (NNS) BEECROFT explained that the...

May 19, 2020 No Responses

CBN, NNPC Vote N1b For Returnees Quarantine

The Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Corporation (NNPC) have resolved to pick the feeding and hotel bills of Nigerians stranded abroad as a result of Coronavirus, but who are desirous of returning home. They will...

May 19, 2020 No Responses

Hyundai Unveils Smart Mobility Ecosystem

Hyundai Motor on Monday announced that it is displaying its futuristic smart mobility ecosystem concept’s miniature version at the headquarter.The smart mobility ecosystem of the automaker comprises its Urban Air Mobility (UAM) concept, Purpose Bu...

May 19, 2020 No Responses

Kia Resumes Production

Kia Motors on Monday announced that it has resumed production at the Anantapur plant in India after a month long shutdown in accordance to the lockdown announced by the Government. The South Korean automaker explained that it has incorporated stringent.....

May 18, 2020 No Responses

Okomu Oil Tops Gainers’ Table As Market Capitalisation Opens Week With N37b Growth

The Nigerian Stock Exchange (NSE) resumed trading for the week on Monday on a positive trend, with the market capitalisation rising by N37 billion. Speficially, the market capitalisation which opened at N12.440 trillion rose by N37 billion to close at...

May 18, 2020 No Responses

Coscharis Motors Reopens Auto Sales, Service Facilities

By Citybusinessnews@yahoo.com Foremost auto dealer, Coscharis Motors, a subsidiary of Coscharis Group is set to reopen its auto sales outlets and service workshops in accordance with government directive from Wednesday May 20, 2020. According to t...

May 18, 2020 No Responses

Omotola Celebrates 25 Years In Entertainment Industry

A Nigerian screen diva, Omotola Jalade-Ekeinde, has taken to her social media handle to celebrate her 25th year in the entertainment industry. The talented veteran actress, who said she was excited and grateful, took to her Instagram page @realomosexy to...

May 18, 2020 No Responses

UK, Seatruck, Others Seal £35m Deal To Safeguards Critical Freight Routes

The UK government has signed agreements with six operators to provide up to £35 million to help ensure there is enough freight capacity to prevent disruption to the flow of goods. The companies in question are Brittany Ferries, DFDS, Eurotunnel,...

May 18, 2020 No Responses

Lagos Mulls Full Re-Opening Of Economy

The Lagos State Government is considering full re-opening of the critical sectors of its economy after assessing the readiness of businesses to re-open. Speaking on Sunday after State’s Security Council meeting, the State Governor, Babajide Sanwo-Olu, ...

May 18, 2020 No Responses

Nigeria Reports 338 New Cases Of Coronavirus

The Nigeria Centre for Disease Control (NCDC) on Sunday recorded 338 new cases of COVID-19 in the country, bringing the total number of infections in Nigeria to 5,959. The states and their breakdowns are: 177-Lagos64-Kano21-FCT16-Rivers1...

May 18, 2020 No Responses

Japan Falls Into Recession

Japan has fallen into recession as the financial toll of the coronavirus continues to escalate. The world’s third biggest economy shrank 3.4% in the first three months of 2020 compared to a year ago, its biggest slump since 2015. The...