City BusinessNews Archives — Page 254 of 369

April 26, 2020 No Responses

Customs Replies Oyo State On Quality Of Rice

The Nigeria Customs Service, Oyo and Osun Command, on Saturday said the 1,800 bags of rice released as palliative to the Oyo State government were good for human consumption. This was in response to the claim by Oyo State Government...

April 25, 2020 No Responses

Volkswagen Restarts Production In Germany

About Five weeks of shutdown due to the coronavirus crisis, Germany’s largest car manufacturer Volkswagen has restarted production in two of its plants. Volkswagen’s vehicle plant in Zwickau, Saxony would “cautiously resume” production ...

April 25, 2020 No Responses

UBA Declares N147.2b Gross Earnings, N32.7b Profit In Q1

For the first quarter ended March 31, 2020, United Bank for Africa (UBA) Plc has declared 8.5 percent year-on-year growth in profit before tax to N32.7 billion compared with N30.2 billion recorded in the first quarter of 2019. UBA Group...

April 25, 2020 No Responses

Mitsubishi Motors Predicts Losses, Drop In Sales

Japanese automaker, Mitsubishi Motors Corporation on Friday predicted 26 billion yen ($240 million) in losses for the fiscal year through next March, as sales plunge because of the coronavirus pandemic. Tokyo-based Mitsubishi, allied with Nissan Motor Company ...

April 24, 2020 No Responses

RAMADAN: FRSC Boss Felicitates With Muslim Faithfuls, Assures Of Safety During Holy Month

With the announcement of the sighting of the crescent of the new moon of Ramadan in parts of Nigeria and formal declaration by the Sultan of Sokoto and President General of the Nigerian Supreme Council For Islamic Affairs for commencement...

April 24, 2020 No Responses

COVID-19: FirstBank Sustains Faith With Customers

Amid shuttering of social activities especially commercial services, through various lockdown measures to contain the coronavirus pandemic, FirstBank has proven that as long as its customers require services, the Bank will be waiting right in front of them. As...

April 24, 2020 No Responses

Toyota To Resume Production May 4

Toyota Motor announced on Thursday it will resume automobile production at all of its 14 plants in North America from May 4 after a one-and-a-half month suspension due to the novel coronavirus. “Beginning the week of May 4, Toyota intends...

April 24, 2020 No Responses

Trump Claims Heat kills Coronavirus

United States President Donald Trump called on Americans to “enjoy the sun” after unveiling a study that supposedly showed that the novel coronavirus dissipates more quickly with sunlight and at higher temperatures. “I hope people enjoy the sun, and if.....

April 24, 2020 No Responses

Nissan Resumes Production May 4

Nissan will restart production at its Barcelona factory from May 4 and it will begin piloting safety measures at its British plant with the return of around 50 staff this week, the Japanese carmaker said . “The management team in...

April 23, 2020 No Responses

NLNG Restates Support For Fight Against COVID-19, Donates Vehicles, Protective Equipment, Others

Nigeria LNG Limited (NLNG) has restated its support for the fight against the Coronavirus (COVID-19) pandemic and has urged resilience and adherence to social distancing rules and other precautionary measures advised by the health authorities, in order to cont...

April 23, 2020 No Responses

Nigerian Breweries Declares N83.2b Revenue, N5.5b Profit In Q1

The Board of Directors of Nigerian Breweries has announced a revenue of N83.2 billion for the first quarter ended March 31.The revenue represented a decrease of 0.09 per cent when compared with N83.3 billion achieved in the corresponding period of...

April 23, 2020 No Responses

Board: 2,000 Seafarers Under NSDP Awaiting Sea Time

The National Seafarers Welfare Board (Nigeria) says two thousand seafarers, under the National Seafarers Development Programme (NSDP), are still waiting for sea time.The board Chairman, Mr Kunle Folarin, made this known on Thursday on an Instagram Live program...

April 23, 2020 No Responses

Dangote Cement’s N100b Bonds Oversubscribed

Dangote Cement Plc, on Thursday, announced the successful issuance of its N100 billion Series 1 fixed rate senior unsecured bonds due April 2025.Mr Michel Puchercos, its Chief Executive Officer of the company, said in Lagos that the N100 billion bonds...

April 23, 2020 No Responses

Palm Oil Production: Group Seeks More Investment In Nigeria

A Non-Governmental Organisation (NGO), Solidaridad West Africa has urged all tiers of government and the private sector to invest more on palm oil production to increase contribution of the agriculture sector to Nigeria’s GDP growth.A statement issued ...