City BusinessNews Archives — Page 239 of 369

May 20, 2020 No Responses

Mitsubishi Motors Declares 89 Per Cent Drop In Profit

Mitsubishi Motors Corporation will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend.The coronavirus crisis has...

May 20, 2020 No Responses

Akwa Ibom Takes Delivery Of Fourth Aircraft

The Akwa Ibom government, on Tuesday, took delivery of the fourth aircraft in the fleet of Ibom Air.Speaking during the delivery of a Bombardier CRJ 900 aircraft, Gov. Udom Emmanuel said that the aircraft was still within warranty of planes...

May 20, 2020 No Responses

Cosco Shipping, Firm Seal LNG Deals

Chinese shipbuilder, Cosco Shipping Heavy Industry has signed LNG cooperation agreements with compatriot Hudong-Zhonghua Shipbuilding and France’s GTT. Under the deal with Hudong-Zhonghua signed on Tuesday, the two shipbuilders aim to join forces in the fiel...

May 19, 2020 No Responses

Stakeholders Task New SEC D-G On Capital Market Master Plan Implementation

Capital market operators on Tuesday advised Mr Lamido Yuguda, nominated as the Director-General, Securities and Exchange Commission (SEC), to prioritise investor protection and effective implementation of capital market master plan, if confirmed by the Senat...

May 19, 2020 No Responses

Nasarawa Begins Sales Of Fertilizer To Farmers

Nasarawa State Government on Tuesday began the sale of 18,600 bags of NPK fertilizer to farmers for the 2020 farming season. Speaking at the inauguration in Lafia, Governor Abdullahi Sule, said that the commodity would be sold at a subsidised...

May 19, 2020 No Responses

Interstate Movement: FRSC Turns Back 1,292 Vehicles

The Federal Road Safety Corps (FRSC), turned back 1,292 vehicles from Ogun and Lagos States’ boundaries in the last two weeks, while enforcing the Federal Government’s restrictions on interstate movements. Mr Samuel Obayemi, FRSC Zonal Commanding Officer i...

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 Gasolin...

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...