City BusinessNews – Page 308 – City Business News

July 9, 2020 No Responses

NUPENG Pickets Variant Energy Over Alleged Anti-Labour Practices

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Thursday picketed the Victoria Island, Lagos office of Variant Energy Services over anti labour practices. NUPENG Lagos Zonal Chairman, Tayo Aboyeji, explained that the patience and understanding of the...

July 9, 2020 No Responses

ECOWAS Court Gets Legal Instrument To Enforce Judgments In Ghana

The ECOWAS Court of Justice has received the instrument designating Ghana’s Attorney-General and Minister for Justice as the Competent National Authority for the enforcement of the decisions of the court in the Republic of Ghana. A statement issued by the...

July 9, 2020 No Responses

Maersk Sells Containership For Green Recycling

Maersk, owner and operator of the world’s largest container shipping fleet, has sold a 9, 640 TEU containership Sine Maersk for demolition in Turkey. The 22-year-old containership has a market value of $ 11.69 million, according to the data from...

July 9, 2020 No Responses

Nigeria Arrests 116 Human Traffickers, Rescues 1,489 Victims In Four Years

The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) on Thursday said the agency apprehended no fewer than 116 human traffickers and rescued 1,489 victims in four years. The Zonal Commander in charge of Kano, Mr Shehu Umar,...

July 9, 2020 No Responses

FRSC Secures Conviction Of 39 Traffic Offenders

The Nasarawa State Command of the Federal Road Safety Corps (FRSC) has secured the conviction of 39 traffic violators at a mobile court in Garaku, Kokona Local Government Area of the state. The Sector Commander, Mr Ahmed Mohammed explained in...

July 9, 2020 No Responses

Nigeria Explains Deregulation Of Oil Downstream Sector

The Minister of State for Petroleum Resources, Chief Timipre Sylva on Thursday aid the deregulation of the downstream oil sector was to ensure economic growth and development of the country. In a statement, Sylva explained that was unrealistic to continue...

July 9, 2020 No Responses

Anambra Generates N26.4b In 2019

The Anambra state Government on Thursday said it realized N26.4 billion as Internally Generated Revenue (IGR) in 2019. Mr David Nzekwu, Chairman of the State Internal Revenue Service, stated this while defending the agency’s financial transactions in 2...

July 9, 2020 No Responses

Access Bank To Acquire Zambian Bank

Access Bank Plc has announced plans for acquisition of 100 per cent of Cavmont Bank Limited, a Zambia-based financial institution. The bank disclosed this in a regulatory filing to the Nigerian Stock Exchange (NSE) signed by Mr Sunday Ekwuochi, its...

July 9, 2020 No Responses

NSE Cautions Investors On Shares Of Medview Airline,DN Tyre, Union Homes, Others

The Nigerian Stock Exchange (NSE) has urged investors to trade with caution on the shares of 13 companies for failing to submit financial statements without any explanation. The News Agency of Nigeria (NAN) reports that the affected companies include Aso...

July 9, 2020 No Responses

NAFDAC Offers 80 Per Cent Discount To Jigawa Entrepreneurs

The National Agency for Food and Drug Administration and Control (NAFDAC) in Jigawa state has announced 80 per cent discount for registration of new Micro, Small and Medium Enterprises (MSMEs) in the state. The agency’s Coordinator in the state, Mr...

July 9, 2020 No Responses

US Surpasses Three Million Coronavirus Cases

More than three million people in the US have now tested positive for Covid-19, according to Johns Hopkins University. Over 131,000 deaths have been reported, and on Tuesday the US broke its record for most new cases reported in one...

July 9, 2020 No Responses

MSC Joins Smart Maritime Network

Container shipping major Mediterranean Shipping Company (MSC) has joined the Smart Maritime Network, an industry membership group focused on increasing the compatibility, standardization, and harmonization of the technology used in the shipping industry. “Wh...

July 9, 2020 No Responses

Coronavirus Cases In Nigeria Climb To 30,249

Nigeria on Wednesday recorded 460 Coronavirus cases, bringing the total figure to 30,249. The Nigeria Centre for Disease Control (NCDC) explained through its official twitter handle that the 460 new cases were reported from 21 states...

July 9, 2020 No Responses

DHL To Sack 2,200 Workers At Jaguar Land Rover Factories

German logistics company, DHL plans to cut as many as 2,200 jobs of U.K-based workers at Jaguar Land Rover factories, the Unite trade union has said.The job cuts comprise just under 40% of the entire DHL workforce on the contract, the union said.DHL...