City BusinessNews Archives — Page 269 of 400

May 21, 2020 No Responses

Market Capitalisation Extends Growth By N158b

Transactions on the Nigerian Stock Exchange (NSE) remained upbeat on Thursday for four consecutive days, with the key performance indicators improving further by 1.25 per cent. Consequently, the All-Share Index which opened at 24,452.23 rose by 306.16 points or 1.25...

May 21, 2020 No Responses

Shareholders Laud Sterling Bank’s 2019 Financial Performance

Shareholders of Sterling Bank Plc, Nigeria’s leading commercial bank have commended its financial performance and dividend payout for the financial year ended December 31, 2019. They gave the commendation at the 58th Annual General Meeting (AGM) of the b...

May 21, 2020 No Responses

NigComSat Partners Firm On Local Content Programming

Nigerian Communication Satellite Limited (NIGCOMSAT), in collaboration with Trefoil Networks, on Wednesday launched an indigenous television network to promote local content programming. The launch was held during a news briefing in Abuja. The Managing Directo...

May 21, 2020 No Responses

Nigeria Records 284 New Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC) on Wednesday recorded 284 new cases of COVID-19 in the country, bringing the total number of infections in the country to 6677. Meanwhile, eight new patients have been confirmed dead to the virus...

May 21, 2020 No Responses

Renault May Close French Factories

French automobile manufacturer Renault has earmarked three manufacturing and assembling factories for closure. According to French media daily,the move comes as a core of the restructuring plan for the company with the intention to reduce fixed costs by €2 b...

May 20, 2020 No Responses

Nigeria Approves $454,000 For Seafarers’ Training

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved $454,000 for sea-time training for Nigerian Seafarers Development Programme organised by the Nigerian Maritime Administration and safety Agency (NIMASA). &nbs...

May 20, 2020 No Responses

FEC Approves N2.9b Fire Service Equipment For Odukpani Oil, Gas Park

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved N2.9billion for the provision of water and fire service equipment in the National Oil and Gas Park to be sited in Odukpani, Cross River State The...

May 20, 2020 No Responses

NSE Market Capitalisation Sustains Growth By N130b

Sentiments remained positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation growing by N130 billion due to gains by Dangote Cement. Specifically, the market capitalisation inched higher by N130 billion or 1.03 per cent to clo...

May 20, 2020 No Responses

Lagos Seaports To Receive 50 Ships With Petroleum Products, Food Items

Fifty ships laden with petroleum products, food items and other goods are expected at the TinCan Island Port and the Lagos Port Complex from May 20 to June 3. The Nigerian Ports Authority (NPA) in its publication, `Shipping Position’, explained...

May 20, 2020 No Responses

Emefiele Woos Conglomerates To Help Boost Economy

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged industrial conglomerates operating in the country to support efforts aimed at growing the Nigerian economy. Emefiele gave the advice on Tuesday in a virtual meeting with the...

May 20, 2020 No Responses

Nigeria Records 226 New Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC) on Tuesday recorded 226 new Coronavirus (COVID-19) cases, bringing the total figure to 6401. NCDC listed the states and the figures as follows: 131-Lagos25-Ogun15-Plateau1...

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...