City BusinessNews – Page 363 – City Business News

April 1, 2020 No Responses

COVID-19: Ikeja Electric Suspends Disconnection For Non-Paying Customers

Non-Paying customers within Ikeja Electric Plc franchise network will not be disconnected during the two-week stay-at-home period enforced by the government to curb the spread of COVID-19.According to the Disco, the decision to suspend all disconnection activities was taken to...

April 1, 2020 No Responses

NSE Resumes April Trading With 0.94% Loss

Activities opened for the month of April on Wednesday still on a bearish trend, with a loss of 0.94 per cent.The News Agency of Nigeria (NAN) reports that the All-Share Index (ASI) dipped199.93 points or 0.94 per cent to close...

April 1, 2020 No Responses

Stock Markets Record Worst Quarter In 33 Years

Stock markets around the world suffered historic losses in the first three months of the year amid a massive sell-off tied to the coronavirus. The Dow Jones Industrial Average and London’s FTSE 100 saw their biggest quarterly drops since 1987,...

April 1, 2020 No Responses

Military Impounds 900 Bags Of Rice

The military has impounded more than 900 bags of 50kg foreign parboiled rice and arrested four suspected smugglers in the ongoing “Operations Calm Waters and Swift Response’’ coordinated by the Nigerian Navy. The Acting Director, Defence Media Operations...

April 1, 2020 No Responses

COVID-19:Uber Unveils ‘UberMedic’ For Healthcare Workers

Ride-hailing company Uber on Tuesday said it has launched a new service ‘UberMedic’ to help transport frontline healthcare workers to medical facilities and other critical areas across India. “Uber is providing a new service, UberMedic, to tr...

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)....