City BusinessNews Archives — Page 268 of 369

March 23, 2020 No Responses

Eko Hotels Shuts Down

THE management of Eko Hotels and Suites, Lagos State on Sunday shut down activities. The management of the five-star facility explained in a statement that it was temporarily shutting down some sections until the coronavirus pandemic disease is put under...

March 23, 2020 No Responses

EU Auto Industry Faces Crisis

The effect of the coronavirus on society and the global economy is unprecedented, with grave consequences for the automobile industry. Indeed, most of the members of the European Automobile Manufacturers’ Association (ACEA) have already announced temporary c...

March 22, 2020 No Responses

Passengers Stranded As Benin Republic Closes Border

Hundreds of passengers were stranded in Seme on Saturday as Benin Republic closed its border over the global coronavirus pandemic. A News Agency of Nigeria (NAN) correspondent who visited Seme border reports that Benin Republic had closed the departure and...

March 22, 2020 No Responses

Bankers’ Committee Back CBN’s N3.5 trillion Stimulus Package

As the country continues to record new cases of corona virus, the Central Bank of Nigeria (CBN) and the Bankers’ Committee rose from an extra-ordinary meeting held in Lagos on Saturday, March 21, 2020, with the pledge to grant funding...

March 22, 2020 No Responses

Confusion As Groom Dies On Wedding Day In Jos

A groom-to-be, Mr Samuel Yarling, of Lamingo, Jos, has reportedly died on his wedding day leaving his bride-to-be and both families devastated. The wedding which was slated for March 21, at the ECWA Church Seminary, had sent two families into...

March 21, 2020 No Responses

Nigeria Devalues Currency, Explains Uniform Exchange Rate

The Central Bank of Nigeria (CBN) on Friday devalued the naira to N380 to a dollar and adopted a unified exchange rate. Under the arrangement, the apex Bank pushed the official rate of the naira to N376 to dollar for...

March 21, 2020 No Responses

Women Farmers Seek Land Use Act Review

Women farmers under the auspices of Smallholder Women Farmers Organisation in Nigeria(SWOFON) have called for review of the Land Use Act as part of measures to adequately protect their rights to own and control land. The President of the association,...

March 20, 2020 No Responses

IOSCO Staff Tests Positive For Covid-19

The IOSCO General Secretariat on Friday confirms that a member of its staff at its headquarters in Madrid has tested positive for Covid-19.IOSCO explained that the individual is receiving medical treatment and “we wish our colleague a quick and full...

March 20, 2020 No Responses

Hapag Lloyd Liner Debuts At Ports & Cargo Terminal

Ports & Cargo Handling Services Limited, the flagship company of SIFAX Group and concessionaire of Terminal C, Tin Can Island Port, Apapa, Lagos, has added a new client to its growing clientele list. The latest addition is Hapag Lloyd AG...

March 20, 2020 No Responses

NPA: Our Charges Not Highest In West Africa

By citybusinessnews@yahoo.com — The Nigerian Ports Authority (NPA) on Thursday reiterated that apart from towage dues, which were reviewed to cover the cost of providing the service in 2015, tariffs have remained the same since 1993. Accordin...

March 18, 2020 No Responses

New Kia Sorento Displays Strength, More Innovations

The new Kia Sorento was revealed for the first time on Wednesday. Powerful, progressive and versatile, the fourth generation of Kia Motors Corporation’s flagship SUV is designed and engineered to take on everything life throws at it. Raising standards i...

March 18, 2020 No Responses

SEC Nigeria Photo News

L-R:Chairman, Senate Committee on Capital Market Sen. Ibikunle Amosun, Member of the Committee Sen Degi Eremienyo, Member, Sen Michael Nanji and Acting Director General, Securities and Exchange Commission (SEC), Ms Mary Uduk during an oversight visit by to S...

March 18, 2020 No Responses

Ecobank Transnational Incorporated Rejigs Board

Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, has announced two new appointments and changes on its Board of Directors.A statement issued by Group Head, Corporate Communications Ecobank Transnational Incorporated...

March 18, 2020 No Responses

Nigeria Reviews Oil And Gas Free Zones Authority Act

The Nigerian Government on Tuesday in Abuja commenced review of the Act establishing Oil and Gas Free Zones Authority (OGFZA). According to the Government, the review is to remove ambiguities and enhance effectiveness in the sector. The Minister of Industry,.....