City BusinessNews – Page 383 – City Business News

April 16, 2020 No Responses

NIMASA Extends Certificate Validity For Seafarers

The Nigerian Maritime Administration and Safety Agency (NIMASA) has extended the validity of Statutory and Trading certificates for all Nigerian Registered vessels. These include Standards of Training, Certification and Watchkeeping (STCW) certificates for seafarers issued by the Agency. The Director-General...

April 16, 2020 No Responses

ITU Unveils ‘G5 Benchmark’

The International Telecommunication Union (ITU) has launched the 2020 Global ICT Regulatory Outlook which includes the Benchmark of Fifth Generation Collaborative Regulation, a new tool for policy-makers and regulators to leverage digital transformation for...

April 16, 2020 No Responses

Volkswagen Cuts 2020 Forecast As Turnover Drop By $60b In Q1

Germany’s Volkswagen (VW) on Thursday said it would not meet its 2020 forecasts, after the group saw turnover fall to 55 billion euros (or 60 billion dollars) in the first quarter, down from 60 billion euros a year ago. According...

April 16, 2020 No Responses

FG Delivers 19m Bags Of Fertilisers To Farmers In 13 States

The Presidential Fertiliser Initiative (PFI) has supplied about 19 million bags of NPK brand of fertilisers to farmers in 13 states in the country. The PFI’s Chairman, Alhaji Badaru Abubakar, made the disclosure at a press conference on state of...

April 16, 2020 No Responses

FBN Holdings Tops Activity Chart With 74.758m Shares

FBN Holdings on Wednesday topped activity chart on the floor of Nigeria Stock Exchange (NSE) with 74.758 million shares valued at N354.24 million. Zenith Bank followed with 72.11 million shares worth N1.097 billion, while Guaranty Trust Bank traded 36.77...

April 16, 2020 No Responses

VW To Resume Production In South Africa May, April 20 In Germany

Volkswagen on Wednesday said factories producing cars for its core brand in Zwickau, Germany and Bratislava, Slovakia will resume production starting on April 20, with other locations ramping up plants starting from April 27 onwards. Meanwhile, factories...

April 15, 2020 No Responses

Ecobank To Nigerians: Embrace Instant Account Opening With EcobankMobile *326#

Ecobank Nigeria is encouraging unbanked and underbanked Nigerians which include artisans such as mechanics, carpenters, electricians, small scale retailers, transporters and others who depend on daily earning for survival, to open bank accounts instantly...

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 virtua...

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...