City BusinessNews – Page 382 – City Business News

April 18, 2020 No Responses

US Unveils $19b Relief Package For Farmers

U.S. President, Donald Trump on Friday announced $19billion aid package for U.S. farmers, in a bid to shore up the food supply chain. “The programme will include direct payments to farmers as well as mass purchases of dairy, meat and...

April 18, 2020 No Responses

Abba Kyari Is Dead

The Presidency has announced the passage of the Chief of Staff to the President, Mallam Abba Kyari. Mr Femi Adesina, Special Adviser to the President on Media and Publicity, announced the development in a statement. He said: ”The deceased had...

April 18, 2020 No Responses

Ford Declares $2b Loss, Drop In Q1 Sales

Ford Motor Co on Friday estimated first-quarter loss of $2 billion and said it would tap debt markets to shore up its cash reserves as the coronavirus outbreak halted production and pummeled vehicles sales. According to Agency Reports, the number...

April 17, 2020 No Responses

Edo Rallies Danjuma, Okunbor, Bello-Osagie, Ikazoboh, Others For COVID-19 Fundraising

The Edo State Government has constituted diaspora and domestic-based fundraising committees made up of illustrious indigenes, corporate organisations as well as religious and traditional rulers, to support the state’s response in checking the spread of c...

April 17, 2020 No Responses

Shippers’ Council Suspends Demurrage Charges

The Nigerian Shippers’ Council (NSC) on Friday directed shipping companies to suspend demurrage charges during the period of COVID-19 lockdown. In a statement issued on Friday, the management of NSE explained that the suspension applies to cargo that is disc...

April 17, 2020 No Responses

FBN Holdings Emerges Most Active Stock With 47.69m Shares

Again, FBN Holdings on Friday emerged the most active stock on the floor of Nigerian Stock Exchange (NSE), exchanging 47.69 million shares worth N219.71 million. FBN Holdings had on Wednesday topped activity chart with 74.758 shares valued at N354.24mill...

April 17, 2020 No Responses

NSE Hosts First-Ever Digital Closing Gong Ceremony, Lauds Health Workers

The Nigerian Stock Exchange (NSE) has expressed its commitment to enhance Corporate and Investors access to the market as part of measures to meet their financial and investment needs during this period and beyond. The Chief Executive Officer of NSE,...

April 17, 2020 No Responses

FirstBank Enhances Palliative Measures, Promotes e-Learning For Nigerians

Foremost Financial Institution, FirstBank, has unveiled enhanced palliative measures to help its customers and Nigerians through the extended COVID 19 lockdown in some states. Amongst these measures are; the introduction of special waivers on repay...

April 17, 2020 No Responses

Toyota To Cut Production As Coronavirus Squeezes Demand

Toyota Motor Corporation is cut production of finished vehicles by 40 percent in Japan in May as demand shrinks around the world because of the coronavirus pandemic. The measures, which will cut production to 79,000 vehicles for the month, include...

April 17, 2020 No Responses

Hyundai Restarts Car Plants In Russia, Czech Republic

Hyundai Motor has resumed operations at Eurasian plants shut down for weeks as a precaution against the spread of the novel coronavirus. The South Korean automaker restarted its Russian assembly plant in St. Petersburg followed by reboot of the factory.....

April 17, 2020 No Responses

Terminals To Boost Performance With Data Sharing App

Turkish port operator Yilport Holdings has implemented Navis Smart Compass, a visual workflow management application, at five terminals, following a pilot program in May of last year. The application, developed by Cargotec’s Navis brand, is used to digitize ...

April 17, 2020 No Responses

Quadri, Omotayo Drop In ITTF Ranking

Nigeria’s duo of Aruna Quadri and Olajide Omotayo have dropped in the April 2020 ranking released on Thursday by the International Table Tennis Federation (ITTF). In spite of this however, Quadri still maintains his status as the highest-rated African player...

April 16, 2020 No Responses

Train 7: NCDMB Urges NLNG To Engage Project 100 Firms

The Nigerian Content Development and Monitoring Board (NCDMB) has asked the Nigeria LNG Ltd (NLNG) to evaluate the capabilities of the beneficiaries of Project 100 programme. The NCDMB said the purpose of the evaluation was to enable NLNG engage them in.....

April 16, 2020 No Responses

PwC COVID-19 Survey: Liquidity, Safety Of Staff Top Concerns Of Businesses In Nigeria

Businesses in Nigeria have identified Liquidity and the safety of their staff among the most pressing business needs they are concerned about as they grapple with the impact of the COVID-19 pandemic. These are some of the findings from a...