City BusinessNews Archives — Page 246 of 369

May 7, 2020 No Responses

Covid-19: Protecting Workers In The Workplace

COVID-19 lockdown and containment measures threaten to increase relative poverty levels among the world’s informal economy workers by as much as 56 percentage points in low-income countries, says a new briefing paper issued by the International Labour Organization. In high-income countries, relative poverty levels...

May 7, 2020 No Responses

Lockdown: FRSC Deploys 13 Patrol Vehicles In Kwara

The Federal Road Safety Corps (FRSC) has deployed 13 patrol vehicles for enforcement of COVID-19 lockdown regulations in Kwara State. The FRSC Sector Commander, Mr Jonathan Owoade, disclosed this to the News Agency of Nigeria (NAN) in Ilorin on Thursday....

May 7, 2020 No Responses

Market Capitalisation Gains N110b

Activities on the Nigerian Stock Exchange (NSE) remained upbeat on Thursday with the market capitalisation improving further by N110 billion following gains in Nestle and Dangote Cement. Consequently, the market capitalisation which opened at N12.582 trillion ...

May 7, 2020 No Responses

Ecobank Nigeria Opens More Branches, Urges Customers To Obey COVID-19 Rules

Ecobank Nigeria has encouraged its customers to obey COVID-19 rules, emphasizing the importance of social distancing to check the spread of the Coronavirus, especially when visiting the branches. The bank which gave this advice in a mail to customers als...

May 7, 2020 No Responses

Uber Sacks 3,700 Full-Time Staff

Uber has announced plans to cut 3,700 full-time staff – about 14% of its workforce – as business plunges following pandemic shutdowns. Chief executive Dara Khosrowshahi will also waive his base salary – set at $1m (£809,690) in 2019 –....

May 7, 2020 No Responses

Nigeria Reports 3,145 Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC) on Wednesday recorded 195 new cases of Coronavirus in the country, bringing the total number of infections to 3145. The NCDC also said that five new patients have been confirmed dead to the...

May 7, 2020 No Responses

NNPC Reduces Ex-Depot Price Of Petrol

The Nigerian National Petroleum Corporation (NNPC) has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS) from N113.28k per litre to N108.00K per litre across all its products loading facilities. This was contained in a statement issued....

May 7, 2020 No Responses

UBA Rewards 100 Customers With N100,000

United Bank for Africa (UBA) Plc has rewarded 100 loyal customers with N100,000 each in the UBA Bumper account draw. The draw, which took place at the UBA Head office on Tuesday, was held via the Facebook platform in strict compliance...

May 7, 2020 No Responses

Seaport Secures $500m Loan

The Port of Long Beach has secured a $500 million loan from the U.S. Government to help finance a massive infrastructural project aimed at allowing larger ships to enter the port. “This $500 million federal investment reflects the President’s continued...

May 7, 2020 No Responses

Jaguar Deploys 362 Cars For Emergency Service Workers

Jaguar Land Rover has deployed more than 362 vehicles globally for the emergency service workers as part of measures to curtail coronavirus crisis.The British automaker claims that it has provided the vehicles to agencies like NH...

May 7, 2020 No Responses

UK’s COVID-19 Death Tops 30,000

Another 649 COVID-19 patients have died, bringing the total coronavirus-related death toll in Britain to 30,076, Secretary of State for Housing, Communities and Local Government, Robert Jenrick, said on Wednesday. The figures include deaths in all settings, in...

May 6, 2020 No Responses

Airline Operators Fault FG’s Engagement Of Foreign Carriers For Evacuation

The Airline Operators of Nigeria (AON) on Wednesday faulted the decision by the Federal Government to engage foreign airlines for the evacuation of Nigerians abroad. Chairman of AON, Capt. Nogie Meggison in a statement explained that government’s ...

May 6, 2020 No Responses

Ibom Air Boosts Fleet With New Aircraft

Akwa Ibom State Government commercial airline, Ibom Air, has added another aircraft to its fleet. The new aircraft, a bombardier CRJ 900, arrived at Murtala Muhammed International Airport, Lagos, from Calgary, Canada, at 10:48 p.m. on Tuesday, the airline m...

May 6, 2020 No Responses

Market Capitalisation Sustains Growth, Retains N167b

The Nigerian stock market on Wednesday extended its positive sentiment rally with the market indices appreciating by 1.40 per cent. Specifically, the All-Share Index (ASI) increased by 334.06 points, representing a growth of 1.40 per cent to close at 24,143.37...