City BusinessNews – Page 358 – City Business News

April 15, 2020 No Responses

NSE Unveils Guidance On Virtual Meetings For Stakeholders

The Nigerian Stock Exchange (NSE) has published guidance on virtual Board, Committee, and Management Meetings for stakeholders.A statement issued on Wednesday explained that the Guidance is in response to the shift from conventional physical meetings to virtual meetings precipitated by...

April 15, 2020 No Responses

Nigeria Reduces Price Of Fertilizer

The Federal Government has reduced the price of NPK fertilizer from N5,500 to N5,000 per 50kg bag.Announcing the develoment on Wednesday, Governor Muhamad Badaru of Jigawa, who is the Chairman, Presidential Fertilizer Initiative (PFI) explained in Dutse ...

April 15, 2020 No Responses

Task Force Implores Banks To Render Skeletal Services

The Presidential Task Force (PTF) on COVID-19 (Coronavirus) on Tuesday appealed to banks in the country to continue to give skeletal services to Nigerians as the fight against the pandemic disease continues. National Coordinator of the PTF, Dr Sani Aliyu...

April 15, 2020 No Responses

Coronavirus: US To Halt Funding To WHO

US President Donald Trump says he has instructed his administration to halt funding to the World Health Organization (WHO). He said the WHO had “failed in its basic duty” in its response to the coronavirus outbreak. He accused the UN...

April 15, 2020 No Responses

Minister: Customs Yet To Release 110 Trucks Of Rice

Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Farouq on Tuesday said 110. trucks of seized rice have not been handed over to the Ministry by the Nigeria Customs Service (NCS). According to the minister, only ...

April 15, 2020 No Responses

Report: 37 Ships Boarded, 22 Seafarers Kidnapped In Q1, 2020

Pirates boarded 37 ships and kidnapped 22 seafarers in the first quarter of 2020, the latest report from the ICC International Maritime Bureau (IBM) shows. In total, the bureau received reports of 47 attacks in the first three months of...

April 15, 2020 No Responses

US Airlines To Receive $25b Bailout Package

The US has agreed a roughly $25bn (£19.8bn) rescue package for 10 of the country’s biggest airlines as travel plunges due to the coronavirus. American Airlines, United, Delta and Southwest are among the recipients. The money is to be used...

April 15, 2020 No Responses

COVID-19: Terminal Operators Donates N300m

Two Port Terminal Operators, APM Terminals Apapa and West Africa Container Terminal (WACT) Onne, have jointly committed more than N300 million to helping to contain the spread of the coronavirus disease in Nigeria. Mr Martin Jacob, the Managing Director ...

April 14, 2020 No Responses

Report: Worldwide 5G Connections To Hit 2.7b By 2025

Data compiled by Finbold.com has revealed that in the next five years global 5G connections will be 2.7 billion.According to the data, this will be a growth of at least 20 times from this year’s 120 million connections.The report projected...

April 14, 2020 No Responses

FRSC Boss To Commanding Officers: Step Up Enforcement, Impound Unauthorised Vehicles

Following President Muhammadu Buhari’s extension of the current lockdown in Lagos, Ogun States, as well as the Federal Capital Territory Abuja for another 14days effective from 11:59 Monday 13 April, 2020; the Corps Marshal, Federal Road Safety Corps,(FR...

April 14, 2020 No Responses

SIFAX Group Donates Hand Gloves, Sanitizers, Others To NPA

As part of resolve to further strengthen the fight against the spread of Coronavirus at the Tin Can Island Port, SIFAX Group has donated protective equipment to the Nigerian Ports Authority (NPA).A statement issued on Tuesday explained that the donation...

April 14, 2020 No Responses

COVID-19: Seaports Seek Financial Support To Overcome Economic Woes

European ports have managed to remain open and maintain their activities during the coronavirus crisis ensuring the delivery of essential goods. However, they have not been spared from a huge economic impact amid the drop in cargo and passenger volumes...

April 14, 2020 No Responses

Lockdown: Lawyers Task Govt On Effective Security Against Hoodlums

Some lawyers in Lagos on Monday called on the authorities to expand security arrangements to protect the people against attacks by hoodlums taking advantage of the coronavirus-induced lockdown. The legal practitioners, including Chris Ayiyi, Okechuckwu Nna and...

April 14, 2020 No Responses

VW To Aid Dealers Supporting Coronavirus Relief Efforts

Volkswagen AG said on Monday it would give financial assistance to its U.S. dealers who wish to use their loaner fleet to pickup and deliver essential supplies in areas affected by the COVID-19 pandemic. The loaner cars, typically offered to...