Tag: City BusinessNews

Nissan Resumes Production May 4
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...
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NLNG Restates Support For Fight Against COVID-19, Donates Vehicles, Protective Equipment, Others
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...
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Nigerian Breweries Declares N83.2b Revenue, N5.5b Profit In Q1
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...
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Board: 2,000 Seafarers Under NSDP Awaiting Sea Time
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...
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Dangote Cement’s N100b Bonds Oversubscribed
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...
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Palm Oil Production: Group Seeks More Investment In Nigeria
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 ...
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Top Gear Names Kona Electric Best Small Family Car
April 23, 2020 No Responses

Top Gear Names Kona Electric Best Small Family Car

Kona Electric has been acknowledged as the Best Small Family Car in the inaugural TopGear Electric Awards, after it completed a 1,600-kilometers road trip across 9 European countries.  A statement explained that Hyundai Motor’s fully electric SUV was no...
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Nigeria Bans Inter-State Movement Of COVID-19 Patients
April 23, 2020 No Responses

Nigeria Bans Inter-State Movement Of COVID-19 Patients

Nigeria has banned inter-state movement of Coronavirus (COVID-19) patients. Minister of Health, Dr Osagie Ehanire, explained on Wednesday in Abuja, at the Presidential Taskforce (PTF) briefing on COVID-19 that all persons diagnosed with the virus would hencefo...
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FAAC Shares N780.926b Revenue To FG, States, LGs
April 23, 2020 No Responses

FAAC Shares N780.926b Revenue To FG, States, LGs

The Federation Accounts Allocation Committee (FAAC) has shared N780.926 billion as March Federation Account Revenue to the Federal, States, Local Governments and relevant Agencies in the country. Mr Henshaw Ogubike, Director, Information, Press and Public Rela...
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Toyota South African Projects 15-20% Drop In Production, Explains Zero Sales In April
April 23, 2020 No Responses

Toyota South African Projects 15-20% Drop In Production, Explains Zero Sales In April

The president and Chief Executive Officer of South African unit of Toyota, Andrew Kirby, on Wednesday projected between 15-20 per cent drop in production in 2020.   Kirby told a virtual media briefing that Toyota South Africa, which produces between...
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JLR Introduces Plug-In Hybrid Technology To Range Rover Evoque, Discovery Sport
April 23, 2020 No Responses

JLR Introduces Plug-In Hybrid Technology To Range Rover Evoque, Discovery Sport

Jaguar Land Rover has introduced new plug-in hybrid technology to Range Rover Evoque and Land Rover Discovery Sport. The company explained on Wednesday that the latest plug-in hybrid system can switch to an electric-only mode for shorter rides. Also, this...
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Lockdown: South Africa Deploys 70,000 Troops
April 23, 2020 No Responses

Lockdown: South Africa Deploys 70,000 Troops

More than 70,000 extra troops will be deployed in South Africa to help enforce a lockdown intended to stop the spread of coronavirus, President Cyril Ramaphosa has announced. South Africa has had 3,465 confirmed coronavirus cases – second only to...
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How To Tackle Food Insecurity, By Kaduna State
April 22, 2020 No Responses

How To Tackle Food Insecurity, By Kaduna State

The Kaduna State Government on Wednesday said food insecurity looms without collaboration against bandits attacking rural communities in the state.  The government said information sharing with security agencies will ensure prompt response in tackling ban...
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Shippers Council Implores Haulage Operators On Reduced Freight Rates At Seaports
April 22, 2020 No Responses

Shippers Council Implores Haulage Operators On Reduced Freight Rates At Seaports

Nigerian Shippers Council (NSC) has urged haulage operators to reduce the freight rates to decongest the nation’s seaports amid COVID-19 pandemic. The Executive Secretary, Mr Hassan Bello made the appeal at a meeting with truck owners under the aegis of...
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