City BusinessNews Archives — Page 193 of 325

May 22, 2020 No Responses

Nigeria Govt Faults Governors On Worship Centres Opening

The Nigerian Federal Government has accused governors of breaching the protocols designed to guide the country out of Coronavirus spread. Presidential Task Force (PTF) on COVID-19 control Chairman, Boss Mustapha warned on Thursday of the danger in allowing large gatherings....

May 22, 2020 No Responses

Telecom Association Lauds Ekiti, Imo For Implementing ROW Price

The Association of Telecommunications Companies of Nigeria (ATCON), on Thursday commended Governors and Houses of Assemby of Imo and Ekiti states for the implementation of the approved Right-of-Way (ROW) price. Ajibola Olude, Secretary of the Association, gave...

May 22, 2020 No Responses

Lagos Spends N800m On 16,000 Covid-19 Tests

THE Lagos State Government has spent about N800million on COVID-19 tests, Commissioner for Health Prof. Akin Abayomi disclosed on Thursday. According to him, 16,000 tests have so far been conducted. Prof. Abayomi, who spoke at a news conference, explaine...

May 22, 2020 No Responses

Covid-19: Seaport Lay Off Entire Personnel

The Port of Helsinki will temporarily dismiss its entire personnel due to the impact of the coronavirus pandemic and related travel restrictions on the port’s business. “Because of this, we have been forced to start extensive cost reductions. As a...

May 21, 2020 No Responses

FG Tasks NPA Board On Trade Facilitation

The Minister of Transportation, Rotimi Amaechi, has charged the newly inaugurated board members of the Nigeria Ports Authority (NPA) to improve on trade facilitation and sea port management in the country. Amaechi gave the charge at the inauguration of members...

May 21, 2020 No Responses

Adeduntan: FirstBank Will Maximise COVID-19 Induced Opportunities

First Bank of Nigeria Limited has assured its stakeholders that it will optimally maximise the opportunities from the disruptions occasioned by the Coronavirus (COVID-19) pandemic on the economy to their advantage. Dr Adesola Adeduntan, FirstBank Chief Executi...

May 21, 2020 No Responses

Buhari Signs Executive Order On Voluntary Overseas Asset Declaration

President Muhammadu Buhari has signed the 2018 Amended Executive Order 008 on Voluntary Offshore Assets Regularization Scheme (VOARS). Dr Umar Gwandu, Special Assistant to the Attorney General of the Federation and Minister of Justice on Media and Public Relat...

May 21, 2020 No Responses

Opinion: Dealing With Deadly Concoction Of Disease And Disaster

By Patricia Scotland, Commonwealth Secretary-General Today in India and Bangladesh, millions of people are hunkered down in shelters, many with masks on their faces – a chilling reminder of the COVID-19 outbreak that still grips the densely populated c...

May 21, 2020 No Responses

NIMASA Explains Preliminary Investigation On Wellhead Fire

By citybusinessnews@yahoo.com The Nigerian Maritime Administration and Safety Agency (NIMASA) has sent an investigative team to unravel the circumstances surrounding fire incident at a wellhead offshore, Ondo State. The incident involved a barge bel...

May 21, 2020 No Responses

Market Capitalisation Extends Growth By N158b

Transactions on the Nigerian Stock Exchange (NSE) remained upbeat on Thursday for four consecutive days, with the key performance indicators improving further by 1.25 per cent. Consequently, the All-Share Index which opened at 24,452.23 rose by 306.16 points o...

May 21, 2020 No Responses

Shareholders Laud Sterling Bank’s 2019 Financial Performance

Shareholders of Sterling Bank Plc, Nigeria’s leading commercial bank have commended its financial performance and dividend payout for the financial year ended December 31, 2019. They gave the commendation at the 58th Annual General Meeting (AGM) of the b...

May 21, 2020 No Responses

NigComSat Partners Firm On Local Content Programming

Nigerian Communication Satellite Limited (NIGCOMSAT), in collaboration with Trefoil Networks, on Wednesday launched an indigenous television network to promote local content programming. The launch was held during a news briefing in Abuja. The Managing Directo...

May 21, 2020 No Responses

Nigeria Records 284 New Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC) on Wednesday recorded 284 new cases of COVID-19 in the country, bringing the total number of infections in the country to 6677. Meanwhile, eight new patients have been confirmed dead to the virus...

May 21, 2020 No Responses

Renault May Close French Factories

French automobile manufacturer Renault has earmarked three manufacturing and assembling factories for closure. According to French media daily,the move comes as a core of the restructuring plan for the company with the intention to reduce fixed costs by €2 b...