City BusinessNews Archives — Page 296 of 400

March 31, 2020 No Responses

Lockdown: DPR Warns Against Hoarding

The Department of Petroleum Resources (DPR) on Tuesday urged oil marketers to ensure distribution of petroleum products even with the stay at home order meant to check Coronavirus spread in the country.The DPR Abuja Zonal Director, Mr Buba Abubakar, gave...

March 31, 2020 No Responses

Kaigama Seeks Support For New Archbishop Of Jos

The Metropolitan Archbishop of Abuja Catholic Archdiocese, Most Rev. Ignatius Kaigama, has urged the government of Plateau, Catholic faithful and all citizens of the state to support the new Archbishop of Jos, Most Rev. Mathew Audu.Kaigama, who is the immediat...

March 31, 2020 No Responses

Prudential Zenith Life Insurance Rolls Out COVID–19 Services

In the face of the coronavirus pandemic and the resulting lockdown, Prudential Zenith Life Insurance is rolling out a range of services to help customers cope with the lockdown.The new services include a range of additional COVID-19 insurance cover enhancement...

March 31, 2020 No Responses

Oil Price Drops To Lowest Level In 18 years

The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic. Brent crude fell to $22.58 (£18.19) a barrel at one point on Monday, its lowest level since November 2002....

March 31, 2020 No Responses

COVID-19: FirstBank Donates N1billion

First Bank of Nigeria Limited has announced the donation of N1 billion toward the joint effort by the Nigerian Private Sector Coalition Against COVID-19 (CACOVID). The bank’s Chief Executive Officer, Dr Adesola Adeduntan, made this known in a statement in...

March 31, 2020 No Responses

NSE To Sustain Remote Trading

The Nigerian Stock Exchange (NSE) has assured investors of seamless trading during the 14 days lockdown to stem the spread of coronavirus in the country. The exchange gave the assurance in a statement issued in Lagos by Mr Olumide Orojimi,...

March 31, 2020 No Responses

WFE Warns Against Short-Selling Bans

The World Federation of Exchanges (WFE) on Monday issued a statement, criticising recent bans on short-selling as damaging to markets and failing to achieve their desired effect. WFE CEO Nandini Sukumar said:“Banning short-selling interferes with price forma...

March 31, 2020 No Responses

UBA Presents N28.5m To Nasarawa

The United Bank for Africa (UBA), through the UBA Foundation, has donated N28.5 million to the Nasarawa State Government, as the bank’s contribution towards the fight against the coronavirus pandemic. Mr Danjuma Salihu, Regional Head, UBA North Central, pres...

March 31, 2020 No Responses

Nigerian Breweries Postpones 2019 AGM

Nigerian Breweries (NB) Plc has announced the postponement of its 74th Annual General Meeting (AGM) slated for April 22. Mr Uaboi Agbebaku, NB Company Secretary, stated this in a notice to the investing public and the Nigerian Stock Exchange (NSE)....

March 30, 2020 No Responses

Nigeria Bans International Vessels Without Thermal Screening Facilities

Nigerian Maritime Administration and Safety Agency (NIMASA) is to ban international vessels without thermal screening facilities. The Director General of NIMASA, Dr Bashir Jamoh, made this known in a statement on Sunday. Jimoh said that following the outbreak ...

March 30, 2020 No Responses

Ecobank Deploys N100m For COVID-19 Campaign

As part measures to check the rising spread of Corona Virus Disease (COVID-19),Ecobank Nigeria votes N100million to drive its National Radio Campaign tagged: “StaySafeNigeria”, In a statement on Sunday, the Bank explained that the campaign, which is a call...

March 30, 2020 No Responses

UBA Presents N1b Cheque To Lagos Government

The United Bank for Africa (UBA) on Sunday in Lagos presented N1billion cheque to the Lagos State Government as part of the bank’s commitment to help curb the effect of Coronavirusdisease (COVID-19). It is also in fulfilment of the Bank’s...

March 30, 2020 No Responses

SEC Nigeria Unveils Regulatory Framework For Crowd Funding

Conscious of the need to further deepen the nation’s capital market and enable it provide development capital for Medium and Small-scale Enterprises of the economy, Nigeria’s Securities and Exchange Commission (SEC), at the weekend unveiled an exposure dra...

March 30, 2020 No Responses

COVID-19: Heritage Bank Sustains Seamless Service To Stakeholders

As the world grapple with the impact of the outbreak of Coronavirus pandemic, which has continued to cause worldwide challenges for healthcare systems, economies and corporate organisations, Heritage Bank Plc has taken practicable steps to offer seamless servi...