City BusinessNews Archives — Page 228 of 369

June 6, 2020 No Responses

Buhari Approves Danbatta’s Reappointment As NCC’s Boss

The Minister of Communications and Digital Economy, Dr Isa Pantami, on Friday disclosed that President Muhammadu Buhari has approved the reappointment of Prof. Umar Danbatta as Executive Vice Chairman (EVC), Nigeria Communications Commission (NCC). Pantami made the disclosure in a statement...

June 5, 2020 No Responses

UNCTAD Appoints Dona Bertarelli Special Adviser For Blue Economy

Dona Bertarelli, the fastest woman to sail around the world, philanthropist, ocean conservation advocate and entrepreneur, has been named theUNCTAD Special Adviser for the Blue Economy. Ms. Bertarelli will help UNCTAD promote a sustainable blue economy, partic...

June 5, 2020 No Responses

Profit Taking: NSE Slides Further By N155b

Profit taking was persistent on the Nigerian Stock Exchange (NSE) on Friday with investors net worth dropping further by N155 billion. Specifically, the market capitalisation dipped N155 billion or 1.17 per cent to close at N13.049 trillion compared with N13.2...

June 5, 2020 No Responses

FRSC Redeploys 119 Senior Officers

As part of measures to strategically reposition Officers for optimal performance, the Corps Marshal, Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi has approved the redeployment of 119 Officers. The officers are of the ranks of Assistant Corp...

June 5, 2020 No Responses

Court Reaffirms INEC’s Power To Deregister Political Parties

The Federal High Court Abuja on Friday reaffirmed the powers of the Independent National Electoral Commission (INEC) to deregister political parties. Justice Taiwo Taiwo, delivering judgment in a suit filed by Hope Democratic Party (HDP) against INEC, reaffi...

June 5, 2020 No Responses

UBA Rewards 100 More Customers With N100,000 Each

United Bank for Africa (UBA) Plc has rewarded another set of 100 loyal customers with a total of N10m in the UBA Bumper account draw. A statement sent to City Business News (www.citybusinessnews.com) on Friday explained that the 100 customers...

June 5, 2020 No Responses

Again, Messi Misses Training

FC Barcelona captain Lionel Messi sat out Friday’s training session as he has a small thigh strain, the Spanish league champions have said. Barca returned to full training on Monday for the first time in three months ahead of the...

June 5, 2020 No Responses

Niger Inaugurates 2020 Farming Season, Subsidizes Inputs

The Niger State government on Thursday inaugurated the 2020 farming season and announced subsidies for essential farming inputs to farmers in the state. At the event, Gov. Abubakar Bello explained that the administration would provide fertilizers to farmers fo...

June 5, 2020 No Responses

Nigeria Records 350 New Cases Of Coronavirus

The Nigeria Centre for Disease Control (NAN) announced on Thursday that it recorded 350 new confirmed cases of COVID-19, bringing the total number in the country to 11,516. NCDC stated that the new cases were reported from 20 States: Lagos (102),...

June 5, 2020 No Responses

PPPRA Removes Price Cap On Petrol

The Petroleum Products Pricing Regulatory Agency (PPPRA) has removed the cap on the price of Premium Motor Spirit (PMS) also known as petrol. The agency made the disclosure in a document it released in Abuja on Thursday entitled, ‘’Market Based...

June 5, 2020 No Responses

NNPC To Deepen Business Portfolios In Power, Medical

The Nigerian National Petroleum Corporation (NNPC) is firming up business portfolios in the power, medical, housing and other sectors that would strengthen the profitability of the state owned oil company. The corporation said in a statement on Thursday that t...

June 5, 2020 No Responses

Ekiti, Ondo To Give Olumilua Befitting Burial

Ekiti State Governor, Dr Kayode Fayemi, has said that the governments of Ekiti and Ondo States would work out a modality to give a befitting burial to former Governor of the old Ondo State, Evangelist Bamidele Olumilua, who passed on...

June 5, 2020 No Responses

Germany Unveils $130b Stimulus To Kickstart Economy As Car Sales Drop By Half

Germany will plough 130 billion euros ($146 billion) into a stimulus package to kick-start an economy severely hit by the coronavirus pandemic, Chancellor Angela Merkel has said.Under the wide-ranging measures outlined in a 15-page document, value-ad...

June 4, 2020 No Responses

NSE Succumbs To Profit Taking, Loses N50b

The Nigerian Stock Exchange (NSE) market indicators succumbed to profit taking on Thursday, dropping by 0.38 per cent. Speficially, the All-Share Index dipped 95.91 points, representing a dip of 0.38 per cent to close at 25,312.05 compared with 25,407.96 poste...