City BusinessNews – Page 366 – City Business News

March 25, 2020 No Responses

Fidelity Bank Explains N30.4b PBT In 2019

For the 2019 financial year, Fidelity Bank Plc has declared Gross Earnings of delivered Gross Earnings of N215.5billion, indicating 14.0% more than N189.0billion recorded in 2018, whilst Profit before tax rose by 21.0% to N30.4bn compared with N25.1bn recorded in...

March 24, 2020 No Responses

Covid-19: Africa Seeks $100b Economic Stimulus

Africa needs an immediate emergency economic stimulus to the tune of 100 billion dollars, owing to the COVID-19 outbreak, the African Finance Ministers have said. This is contained in a statement by Communication and Media Relations Department of the group,...

March 24, 2020 No Responses

Covid-19: Toyota Employee Tests Positive

Toyota Motor Corporation has confirmed that one of its employee in his 20’s working as a line worker at the company’s Takaoka plant, based in Aichi prefecture, Japan has been found infected with Covid-19. In a statement, the company explained...

March 24, 2020 No Responses

NPA Directs Staff In 15 Departments To Stay At Home For 14 Days

The management of Nigerian Ports Authority (NPA) on Monday issued a fourteen day stay at home notice to workers of some of its departments and divisions. In a circular NPA explained that essential departments like Marine and Operations, Health, Safety...

March 24, 2020 No Responses

NSE Resorts To Remote Trading

As part of measures to curtail COVID-19 pandemic, the Nigerian Stock Exchange (NSE) will effective March 25, 2020 temporarily close its trading floors and engage in remote trading. Mr Oscar Onyema, NSE Chief Executive Officer, said in a statement o...

March 23, 2020 No Responses

NIMASA Boss Implores Nigerians On Business Opportunities In Maritime Industry

The Nigerian Maritime Administration and Safety Agency (NIMASA) has advised Nigerians to get involved in vast Small and Medium Enterprises (SMEs) businesses in Nigerian maritime industry. The Director-General of NIMASA, Dr Bashir Jamoh, gave the advice in Enug...

March 23, 2020 No Responses

Eko Hotels Shuts Down

THE management of Eko Hotels and Suites, Lagos State on Sunday shut down activities. The management of the five-star facility explained in a statement that it was temporarily shutting down some sections until the coronavirus pandemic disease is put under...

March 23, 2020 No Responses

EU Auto Industry Faces Crisis

The effect of the coronavirus on society and the global economy is unprecedented, with grave consequences for the automobile industry. Indeed, most of the members of the European Automobile Manufacturers’ Association (ACEA) have already announced temporary c...

March 22, 2020 No Responses

Passengers Stranded As Benin Republic Closes Border

Hundreds of passengers were stranded in Seme on Saturday as Benin Republic closed its border over the global coronavirus pandemic. A News Agency of Nigeria (NAN) correspondent who visited Seme border reports that Benin Republic had closed the departure and...

March 22, 2020 No Responses

Bankers’ Committee Back CBN’s N3.5 trillion Stimulus Package

As the country continues to record new cases of corona virus, the Central Bank of Nigeria (CBN) and the Bankers’ Committee rose from an extra-ordinary meeting held in Lagos on Saturday, March 21, 2020, with the pledge to grant funding...

March 22, 2020 No Responses

Confusion As Groom Dies On Wedding Day In Jos

A groom-to-be, Mr Samuel Yarling, of Lamingo, Jos, has reportedly died on his wedding day leaving his bride-to-be and both families devastated. The wedding which was slated for March 21, at the ECWA Church Seminary, had sent two families into...

March 21, 2020 No Responses

Nigeria Devalues Currency, Explains Uniform Exchange Rate

The Central Bank of Nigeria (CBN) on Friday devalued the naira to N380 to a dollar and adopted a unified exchange rate. Under the arrangement, the apex Bank pushed the official rate of the naira to N376 to dollar for...

March 21, 2020 No Responses

Women Farmers Seek Land Use Act Review

Women farmers under the auspices of Smallholder Women Farmers Organisation in Nigeria(SWOFON) have called for review of the Land Use Act as part of measures to adequately protect their rights to own and control land. The President of the association,...

March 20, 2020 No Responses

IOSCO Staff Tests Positive For Covid-19

The IOSCO General Secretariat on Friday confirms that a member of its staff at its headquarters in Madrid has tested positive for Covid-19.IOSCO explained that the individual is receiving medical treatment and “we wish our colleague a quick and full...