Tag: City BusinessNews

Court Okays NSE Demutualisation Agenda
May 16, 2020 No Responses

Court Okays NSE Demutualisation Agenda

The Federal High Court, Lagos has  granted an order sanctioning the Scheme of Arrangement for the demutualisation of Nigerian Stock Exchange (NSE). Commenting on this development, the Chief Executive Officer of NSE, Oscar N. Onyema, said: “The NSE demutualisation process...
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Open Letter To Governor Nyesom Wike
May 16, 2020 No Responses

Open Letter To Governor Nyesom Wike

By Charles Isichie,  Port Harcourt.  Your Excellency,  I write as a citizen and businessman who is concerned about how some of the decisions you have taken in the management of the COVID-19 Pandemic affects the maritime sector within which I...
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April: FG, States, LGs Share N606.196b
May 16, 2020 No Responses

April: FG, States, LGs Share N606.196b

The Federation Accounts Allocation Committee (FAAC) has shared N606.196 billion to the three tiers of government for the month of April. Mr Hassan Dodo, Director of Information in the Ministry of Finance, Budget and National Planning, made this known in...
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EU Diplomat Seeks Independent Investigation Of Coronavirus Origin
May 15, 2020 No Responses

EU Diplomat Seeks Independent Investigation Of Coronavirus Origin

European Union (EU) foreign policy chief Josep Borrell has called for an independent scientific investigation into the origins of the novel coronavirus. In a guest column in the Frankfurter Allgemeine Zeitung newspaper on Friday, Borrell called on China, where...
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Coronavirus Cases In Nigeria Climb To 5,162
May 15, 2020 No Responses

Coronavirus Cases In Nigeria Climb To 5,162

The Nigeria Centre for Disease Control (NCDC) on Thursday recorded 193 new cases of the coronavirus, bringing the total number of infections in the country to 5,162. The NCDC also confirmed three new deaths, bringing the total death toll in...
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PwC Nigeria Rolls Out COVID-19 Intervention Packages
May 14, 2020 No Responses

PwC Nigeria Rolls Out COVID-19 Intervention Packages

PwC Nigeria has deployed  one hundred million-naira (N100m) intervention to support individuals, businesses and government in responding to the impact of the COVID-19 pandemic in Nigeria. A statement sent to City BusinessNews (www.citybusinessnews.co...
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Nigeria Receives 24 Ships With Petroleum Products, Food Items
May 14, 2020 No Responses

Nigeria Receives 24 Ships With Petroleum Products, Food Items

Twenty-Four ships laden with petroleum products, food items and other goods are scheduled to arrive the TinCan Island Port in Nigeria from May 14 to May 30, 2020.  The Nigerian Ports Authority (NPA) in its publication, `Shipping Position’, explained th...
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FRSC Impounds 40 Overloaded Vehicles
May 14, 2020 No Responses

FRSC Impounds 40 Overloaded Vehicles

The Federal Road Safety Corps (FRSC) Lagos Sector Command on Thursday said that it arrested 40 overloaded vehicles in the first week of COVID-19 Lockdown relaxation in the state. The Lagos State Sector Commander of FRSC, Mr Hyginus Omeje disclosed...
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Weststar Reopens Facilities, Fumigates Premises
May 14, 2020 No Responses

Weststar Reopens Facilities, Fumigates Premises

  By citybusinessnews@yahoo.com  Weststar Associates Limited, authorized general distributor of Mercedes-Benz in Nigeria has reopened its facilities in Lagos and Abuja for business operations.  However, due to Coronavirus pandemic and in line with gove...
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NSE Market Capitalisation Sustains Growth With N87b
May 14, 2020 No Responses

NSE Market Capitalisation Sustains Growth With N87b

Sentiments in the nation’s bourse remained positive on Thursday following price appreciation in Dangote Cement and 17 other stocks. Consequently, the All-Share Index rose by 183.48 points or 0.77 per cent to close at 23,892.92 compared to 23,709.44 achieved ...
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NRC Makes Wearing Of Face Masks Mandatory
May 14, 2020 No Responses

NRC Makes Wearing Of Face Masks Mandatory

The Nigerian Railway Corporation (NRC) has flagged off sensitisation and awareness campaign against COVID-19 among its staff and those residing in railway compound in Lagos. The NRC Managing Director, Mr Fidet Okhiria, performed the ceremony, according to a st...
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NAFDAC Warns Against Use Of Chloroquine
May 14, 2020 No Responses

NAFDAC Warns Against Use Of Chloroquine

The National Agency for Food and Drug Administration and Control (NAFDAC) has, again, warned Nigerians against taking Chloroquine as treatment for  Coronavirus (COVID-19). “Nobody should buy Chloroquine and use. If you have COVID-19, go to a doctor. We have...
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Kia Motors Nigeria Resumes Operations, Explains Safety Modalities
May 14, 2020 No Responses

Kia Motors Nigeria Resumes Operations, Explains Safety Modalities

 By Citybusinessnews@yahoo.com Kia Motors Nigeria has opened its facilities inline with government’s and health experts’ directives for business operations as the Coronavirus lockdown eases in phases. Marketing Manager, Olawale Jimoh, in a ...
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Market Capitalisation Recovers N7billion
May 14, 2020 No Responses

Market Capitalisation Recovers N7billion

The Nigerian Stock Exchange (NSE) on Wednesday returned to positive path with key market indicators appreciating marginally by 0.06 per cent on renewed interest in highly capitalised equities. Specifically, the All Share Index (ASI) increased by 13.54 points, ...
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