City BusinessNews – Page 299 – City Business News

July 29, 2020 No Responses

World Bank Approves $500m For Girls’ Education In Kano, Katsina, Kebbi, Four Others

The World Bank has approved a $500 million credit for the Adolescent Girls Initiative for Learning and Empowerment (AGILE) towards improving secondary education opportunities among girls in seven states in Nigeria. A statement from the bank in Abuja on Wednesday...

July 29, 2020 No Responses

Nigeria Confirms 624 New Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC), has announced 624 new Coronavirus cases in the country as total infections from the virus increased to 41, 804. According to NCDC, Lagos, the nation’s epicentre, reported 212 new cases, while Oyo reported...

July 29, 2020 No Responses

Maersk Unveils Digital Supply Chain Management Platform

Maersk is launching a digital platform that aims to assist small and medium-sized companies to manage and simplify their supply chains. The platform will strengthen the company’s position as a global integrator of container logistics, Maersk said.&nbsp...

July 28, 2020 No Responses

NASCON’s Shareholders Laud Prompt Dividend Payment

Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited, has applauded the company for improved performance and dividend declared in 2019. The shareholders also urged the food seasoning company to expand its market share ...

July 28, 2020 No Responses

Mitsubishi Stops Production Of Pajero SUV, Forecasts $1.33b Loss

Mitsubishi Motors Corporation on Monday projected an operating loss of 140 billion yen ($1.33 billion) in the year to March as the automaker battles a fall in demand for cars due in part to the coronavirus pandemic. Under the a...

July 27, 2020 No Responses

Lagos Implores Farmers On Export Opportunities, e-Commerce

The Lagos State Government is to set up an e-commerce hub for farmers and producers in the state. According to the State Government, the proposed hub is expected to help farmers produce in hygienic condition for export purposes.The State Acting...

July 27, 2020 No Responses

Two Passengers Killed As Container Falls On Bus In Lagos

Two persons died on Sunday while three others were injured when a 20-feet container fell on a commercial bus at Ilasamaja on the Oshodi-Badagry Expressway in Lagos State. The Director-General, Lagos State Emergency Management Agency (L...

July 26, 2020 No Responses

APC Group Tackles Makinde Over N100b Bond

The Progressives Front (PF), a group within the All Progressives Congress (APC) on Saturday alleged that the proposed Oyo State N100 billion bond is “inimical to the state’s development“. The group, in a statement jointly signed by its Chairm...

July 25, 2020 No Responses

Man Energy To Sack 4,000 Workers

Marine engine manufacturing giant, MAN Energy Solutions is launching an extensive cost-cutting and restructuring program that will result in the layoff of almost 4,000 people. The program is being rolled out as MAN Energy Solutions readies for a prolonged...

July 25, 2020 No Responses

PSG Wins French Cup

Paris St-Germain overcame an injury to Kylian Mbappe to beat 10-man Saint-Etienne and win the French Cup in a game for which some fans were allowed into the Stade de France. This was the first game in France after the...

July 24, 2020 No Responses

NLC Condemns 6% Stamp Duty On Tenancy, Lease Agreements

The Nigeria Labour Congress (NLC) on Friday condemned six per cent stamp duty fee introduced by the Federal Inland Revenue Service (FIRS) for every tenancy and lease agreement in Nigeria. NLC President, Comrade Ayuba Wabba, in a statement on...

July 24, 2020 No Responses

Greece Exempts Seafarers From Entry Restriction

Greece has exempted seafarers from COVID-19-related travel restrictions, meeting its pledge to the IMO to facilitate crew change. GAC Greece said that the Greek government has allowed seafarers entry into its country together with citizens of the following...

July 24, 2020 No Responses

Seplat, Bua Cement Top Losers’ Table As Market Capitalisation Drop By N45b

The Nigerian Stock Exchange (NSE) on Friday returned to the negative territory on with key market indices declining by 0.35 per cent. Specifically, the All-Share Index (ASI) dipped 85.04 points to close at 24,427.73 compared with 24,512.77 achieved on Thursday...

July 24, 2020 No Responses

Deeper Life Bible Church Holds Young Professionals Forum

As part of measures to address clamour for quality leadership especially among the youths, the Young Professionals Forum (YPF) of the Deeper Life Bible Church has announced the hosting of its second annual leadership summit. A statement issued on Friday...