City BusinessNews Archives — Page 281 of 400

April 30, 2020 No Responses

NSE Reiterates Commitment To Business Opportunities, Market Sustainability

The Nigerian Stock Exchange (NSE) has pledged to sustain market activities, leverage all available opportunities and maintain open lines of communication to all stakeholders. Chief Executive Officer of NSE, Oscar N. Onyema in an interview published in the current edition...

April 30, 2020 No Responses

Zenith Bank Declares N166.8b Gross Earnings In Q1

Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31 2020, with gross earnings rising by 6% from N158.1 billion in March 2019 to N166.8 billion. From the unaudited statement of account which was presented...

April 30, 2020 No Responses

Terminal Development Suspended As COVID-19 Persist

The Port of Seattle has delayed the development of the proposed Terminal 46 cruise terminal as it needs to investigate the impact of the coronavirus pandemic on the market before proceeding. The cruise industry has been severely impacted by the...

April 30, 2020 No Responses

Ecobank Records Increase In Customers Adoption Of Digital Channels,Posts $90m PBT In Q1

For the first quarter ended March 31, 2020, Ecobank recorded significant increases in customer adoption rates on its digital/online channels. According to the Bank, adoption rates are expected to accelerate as COVID-19 induced lockdowns change...

April 30, 2020 No Responses

COVID-19: First Bank Supports Cross River With N30m

In a bid to curb the spread of COVID-19 in Cross River, First Bank Nigeria, on Thursday donated the sum of N30 million to the state government. The cheque was presented by the South-South Business Manager of the bank, Mr...

April 30, 2020 No Responses

Kaigama Harps On Equity In Distribution Of Palliatives

Most Rev. Ignatius Kaigama, the Archbishop of Abuja Catholic Archdiocese, has emphasised on equity in the distribution of palliatives by the three tiers of government to ensure most Nigerians benefit, especially the vulnerable group. Kaigama, in an interview w...

April 30, 2020 No Responses

Nigeria To Decontaminate 123 Aircraft, 13 Airports

As part of measures to curb the spread of Coronavirus (COVID-19), Nigeria is to decontaminate not less 123 aircraft and 15 airports. Already, two of the aircraft have been decontaminated, Environment Minister, Muhammad Mahmood said in Abuja on Wedn...

April 30, 2020 No Responses

Nigeria Records 1,728 Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC), on Wednesday confirmed 196 new cases of the coronavirus (COVID-19) pandemic in the country, bringing the total number of infections in Nigeria to 1,728. The NCDC also said that the virus claimed the...

April 30, 2020 No Responses

COVID-19: FG Commissions Virtual Academy Centre

The Federal Government on Wednesday commissioned a virtual academy learning centre, an initiative of the National Information Technology Development Agency (NITDA), in the Federal Capital Territory (FCT). Dr Isa Pantami,the Minister of Communications and Digit...

April 30, 2020 No Responses

Volvo Cars To Cut 1,300 Jobs

Volvo Cars said Wednesday it was cutting up to 1,300 white-collar jobs in Sweden in a restructuring accelerated by the impact of the new coronavirus. The company said the notices were part of an “ongoing realignment of the company’s operations,&#82...

April 29, 2020 No Responses

ILO: Nearly Half Of Global Workforce At Risk Of Losing Livelihoods

The continued sharp decline in working hours globally due to the COVID-19 outbreak means that 1.6 billion workers in the informal economy – that is nearly half of the global workforce – stand in immediate danger of having their livelihoods destroyed, t...

April 29, 2020 No Responses

Nigeria Disburses N43.416b To 24 States

The Federal Government has disbursed N43.416 billion as performance-based grants to 24 eligible states on the basis of the results achieved in 2018. Mr. Hassan Dodo, the Director of Press and Public Relations in the Ministry of Finance, Budget and...

April 29, 2020 No Responses

CBN Resumes Dollar Sales For SMEs, School Fees

The Central Bank of Nigeria (CBN) has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay school fees and Small and Medium Enterprises (SMEs). The CBN Director, Corporate Communications, Mr Isaac Okora...

April 29, 2020 No Responses

Union Bank Declares N42.6b Gross Earnings In Q1

Union Bank of Nigeria Plc on Wednesday announced gross earnings of N42.6 billion in its unaudited financial statements for the first quarter ended March 31, 2020. The gross earnings represented an increase of 18 per cent when compared with N36.1...