City BusinessNews Archives — Page 247 of 369

May 6, 2020 No Responses

Lagos Clamps Down On Illegal Barge Operators

The Lagos State Waterways Authority (LASWA) has clamped down on illegal barge operators along the Mile 2 area of the state waterways. The General Manager of LASWA, Mr Oluwadamilola Emmanuel, made this known on Wednesday in a statement in Lagos....

May 6, 2020 No Responses

Lockdown: FRSC Impounds 400 vehicles

The Federal Road Safety Corps (FRSC), Command in Delta has impounded over 400 vehicles for violating COVID-19 lockdown in the state.Mr Fatai Bakare, the Acting Sector Commander, disclosed this at a media briefing on Wednesday in Asaba.Bakare said the command.....

May 6, 2020 No Responses

WISTA Canvasses Support For Seafarers

The Women’s International Shipping and Trading Association, on Wednesday announced new initiative aimed at seafarers. Under the arrangement, WISTA Norway, WISTA UK, WISTA Singapore, WISTA Brazil, and WISTA Argentina have come together to off...

May 6, 2020 No Responses

COVID-19: NLNG Hands Over Bonny Holding Centre

Nigeria Liquefied Natural Gas Limited (NLNG) on Tuesday handed over a 10-bed Holding Centre, which it donated to the Bonny Zonal Hospital as part of its support to its host community to fight the spread ofCoronavirus (COVID-19). This handover is...

May 6, 2020 No Responses

Over 40m People Face ‘Desperate Food Shortages’ In West Africa

The World Food Programme (WFP) has warned that no fewer than 40 million people across West Africa face “desperate food shortages in coming months”. Its spokesperson, Ms Elisabeth Byrs, gave the warning during a virtual news briefing on Tuesday. Byrs...

May 6, 2020 No Responses

Nigeria Records 2,950 Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC) on Tuesday recorded 148 new cases of Coronavirus (COVID-19) in the country, bringing the total number of infections in Nigeria to 2950. The NCDC also said that six new patients had been confirmed...

May 6, 2020 No Responses

NCDC Rolls Out More Guidelines For Employers, Businesses

The Nigeria Centre for Disease Control (NCDC) has rolled out additional preventive measures for individuals, employers and businesses following Federal Government’s May 4 easing of COVID-19 lockdown in parts of the country. Dr Chikwe Ihekweazu, Director Gene...

May 6, 2020 No Responses

Volkswagen To Begin Sales Of New All-Electric Hatchback November 17

Volkswagen is to start selling the launch edition of its ID.3 vehicle next month to customers who placed pre-orders of the all-electric hatchback. According to the auto firm, Customers who made reservations for the launch edition, known as ID.3 1st,...

May 6, 2020 No Responses

Customs Impounds Cocaine At Seaport

Customs officers have found around 500 kilograms of cocaine on board a bulker that arrived in the Port of Hamburg. The large-scale operation, which lasted several days, ended with an arrest and confiscation of illicit drugs during. One of the...

May 5, 2020 No Responses

Union Bank Shareholders Laud 2019 Performance, Okay 25k Dividend

Shareholders of Union Bank of Nigeria (UBN) Plc have commended the board and management for enhanced profitability achieved in 2019 financial year. The bank, in a statement, said the shareholders gave the commendation at its first ever virtual Annual General.....

May 5, 2020 No Responses

NSE’s Market Capitalisation Recovers N375b

The capitalisation of the Nigerian Stock Exchange (NSE), rose by N375 billion in six hours of trading, amid price appreciation recorded by some blue chips. Specifically, the market capitalisation which opened at N12.033 trillion, rose by N375 billio...

May 5, 2020 No Responses

ExxonMobil: Cylinder Lubrication Must Adapt To Multi-Fuel Reality

The impending acceleration of decarbonization efforts to meet the IMO’s 2050 targets is expected also to speed up the development of new more environmentally-friendly engine designs. Aside from the very low sulphur fuels, engines of the future are expected t...

May 5, 2020 No Responses

Tribute To Willie Anumudu

By Senator Victor Ndoma-Egba I first met Willie, whom we fondly called Pa Willie, through my late friend Dr. Ime Umana ( Imesco) in the mid 1980,s. He and Ime were partners in a new BMW franchise with offices in...

May 5, 2020 No Responses

SEC Nigeria To Investors: Explore Opportunities In Capital Market

As the Coronavirus pandemic continues to ravage the world and businesses and individuals suffer the effects, Nigerians have been urged to look to the capital market as an avenue to create wealth. This was stated by the Acting Director General...