City BusinessNews Archives — Page 284 of 400

April 27, 2020 No Responses

Virgin Atlantic Seeks Bailout, Commercial Loan

Virgin Atlantic says it is still in talks with the UK government about a coronavirus-related bailout. It follows reports in the Sunday Telegraph that billionaire Virgin Group boss Sir Richard Branson is seeking a buyer for the airline. Virgin Atlantic...

April 27, 2020 No Responses

COVID-19: Terminal Operator Rolls-Out Digital Platforms

Dubai-based terminal operator, DP World has launched a plethora of online logistics tools and services enabling businesses to book shipments of cargo by any combination of sea, land, and air.The company said the roll-out of the platforms was sped up...

April 26, 2020 No Responses

NPA Refutes Report On Staff Testing Positive For COVID-19

The Management of Nigerian Ports Authority (NPA) on Saturday refuted reports alleging on of its senior staff tested positive for COVID-19. A statement issued by Jatto A Adams, General Manager, Corporate and Strategic Communications said: “The Nige...

April 26, 2020 No Responses

Kaigama Mobilises Palliatives For Vulnerable Nigerians

The Catholic Church is mobilising palliatives to vulnerable and less privileged Nigerians as part of measures to cushion the effects of Coronavirus (COVID-19) pandemic lockdown, the Metropolitan Archbishop of Abuja Catholic Archdiocese, His Grace, Most Rev. Ig...

April 26, 2020 No Responses

Moon, First Lady At Naming Of World’s Largest Ship

South Korean shipping major, HMM has held a naming ceremony for the first of its twelve 24,000 TEU containerships. The ceremony was presided by the President of the Republic of Korea Moon Jae-in and First Lady, Kim Jung-sook served as...

April 26, 2020 No Responses

Kano: FirstBank Confirms Death Of Staff, Shut Down Access To Premises

The management of FirstBank on Saturday confirmed the death of one of its staff in Kano State. A statement issued by Group Head, Marketing & Corporate Communications, Folake Ani-Mumuney said: “FirstBank mourns as we confirm the loss of our staff,.....

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.....