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MOL Appoints First Female Captain - Japanese shipping major, Mitsui O.S.K. Lines (MOL) has appointed Naomi Matsushita as the captain of its car carrier, Beluga Ace, effective June 6. World Maritime News report that the decision marks a significant step forward for gender diversity in the Japanese maritime sector, as it is the first time a...
Telecom Sector Contributes N2.508Tri To Nigeria’s GDP - The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per cent. Figures released by the National Bureau of Statistics (NBS) showed that the sector recorded...
NPA Boss Harps On Operational Efficiency, Commissions Control Towers - As part of measures to boost operational efficiency through improved infrastructure and equipment renewal, the Managing Director/Chief Executive Officer, Nigerian Ports Authority (NPA), Mohammed Bello Koko, along with the Executive Management team on Thursday commissioned Control Towers of the Lagos Port Complex and Tincan Island Port. Control towers in port...
Obaseki Congratulates New NACCIMA President, Dele Oye - The Edo State Governor, Mr. Godwin Obaseki, has congratulated Otunba Dele Kelvin Oye on his inauguration as President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA). The governor, in a statement, urged Oye to deploy his wealth of experience and Midas touch to impact the...
Photo News - L-R: Vice Chancellor, Afe Babalola University, Ado-Ekiti (ABUAD), Prof Smaranda Olarinde; Special Adviser to the Governor on Investment, Trade and Industry, Mrs Tayo Adeola; Founder ABUAD, Aare Afe Babalola (SAN) and Ekiti State Governor, Mr Biodun Oyebanji; at the 63rd annual conference of NACCIMA held at Alfa Belgore Hall, ABUAD,...
The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial...
As part of measures to boost operational efficiency through improved infrastructure and equipment renewal, the Managing Director/Chief Executive Officer, Nigerian Ports Authority (NPA),...
Japanese shipping major, Mitsui O.S.K. Lines (MOL) has appointed Naomi Matsushita as the captain of its car carrier, Beluga Ace, effective June 6. World Maritime News report that the decision marks a significant step for...
The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GD...
As part of measures to boost operational efficiency through improved infrastructure and equipment renewal, the Managing Director/Chief Executive Officer, Nigerian Ports Authority (NPA), Mohammed Bello Koko, along w...
The Edo State Governor, Mr. Godwin Obaseki, has congratulated Otunba Dele Kelvin Oye on his inauguration as President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA). The g...
The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have issued a public notice on the Memorandum of Understanding (MoU) signed by both agencies to establish a Joint FIRS and LIRS Audi...
For the year 2022, the Nigerian Shippers’ Council Staff Multipurpose Cooperative Society Limited has concluded plans to pay a dividend of N44.447 million to its members. The President of the Council’s Cooperative, Mr...
Building on the resounding success of the maiden edition of the Fidelity International Trade and Creative Connect (FITCC) in London, UK last November, Fidelity Bank Plc, has announced plans to host the second edition of ...
The shareholders of Ardova Plc, at a Court Ordered Meeting held in Lagos, on Wednesday, 31 May, 2023, approved the Scheme of Arrangement for the holders of its fully paid ordinary shares of 50 kobo each, subject to the a...
Africa needs to rethink its relationship with business, foremost Nigerian industrialist and Chairman, Heirs Holdings Group, Tony Elumelu, has reinstated. According to Elumelu, “Africapitalism” means the private secto...
NGX Regulation Limited (NGX RegCo), in collaboration with the International Sustainability Standards Board (ISSB) and Financial Reporting Council (FRC) of Nigeria, is set to host a 3-day workshop/webinar on sustainabilit...
Japanese shipping major, Mitsui O.S.K. Lines (MOL) has appointed Naomi Matsushita as the captain of its car carrier, Beluga Ace, effective June 6. World Maritime News report that the decision marks a significant step for...
The Chairman of the Benin Port Project, Engr. Greg Ogbeifun, has said the government is making steady progress with the development of the Benin Port Project, noting that the groundbreaking ceremony for th...
The Federal Government has approved the ratification of six maritime conventions and protocols that promote cleaner marine environment, ship-breaking criteria, global standard for fishing crew and response to oil pollu...
The flexibility of biofuels can enable the shipping industry to accelerate its journey towards decarbonisation while maintaining operational efficiency. In its latest white paper “Biofuels in shipping,” classificatio...
South Korean shipbuilder Samsung Heavy Industries (SHI) has signed a contract for the construction of two crude carriers. The shipbuilding firm will construct the vessels for an undisclosed shipowner from Oceania. The va...
Hyundai Motor Company and Kia Corporation on Wednesday jointly announced the renewal of their longstanding partnerships with FIFA through 2030. City Business News report that the renewed agreement welcomes Group su...
The Honda Management team led by the Managing Director, Mr Takashi Nakajima, on Tuesday 30th May, 2023, presented the new Nigerian-built Honda HRV to the DG NADDC, Jelani Aliyu, MFR, at the Council’s Headquarters in Ab...
Between January and March 2023, China surpassed Japan and Germany to become the world’s largest vehicle exporter for the first time, exporting a total of 1.069 million vehicles. Japan used to be the world’s lea...
Geely Automobile Holdings Limited has released its 2022 Environmental, Social and Governance (ESG) report. City Business News report that in the 2022 report, where 2020 is taken as the baseline, Geely Auto’s life...
By Moses Ebosele, ebosele@hotmail.com — Between January and March 2023, Hyundai Motor sold 1,021,712 units around the globe, a 13.2 percent increase from a year earlier. City Business New...
The prices of oil rallied at the start of trading on Monday morning after Saudi Arabia pledged more output cuts and the 23-member Opec+ alliance extended its production agreement into 2024. Brent, the benchmark for ...
The Organization of Petroleum Exporting Countries (OPEC) and its allies began two days of meetings on Saturday that may culminate in further production cuts of as much as 1 million barrels per day. Reuters reports ...
Oil prices dipped in early trade on Thursday for the third straight session after data showed an unexpected, large build in U.S. crude stocks, triggering fears of an oversupply amid signs of weaker Chinese demand. Reuter...
The Nigerian National Petroleum Company NNPC Limited (NNPCL) has confirmed the increase in the pump price of premium motor spirit (PMS) popularly known as petrol in its retail outlets across the country. The national oil...
The Nigerian Navy on Sunday returned a Norwegian-registered vessel, MT Heroic Idun, caught attempting to steal Nigeria’s crude oil in August 2022. The navy arrested the oil tanker and its 26 Indian, Pilipino, Sri Lanka...
L-R: Vice Chancellor, Afe Babalola University, Ado-Ekiti (ABUAD), Prof Smaranda Olarinde; Special Adviser to the Governor on Investment, Trade and Industry, Mrs Tayo Adeola; Founder ABUAD, Aare Afe Babalola (SAN) and Eki...
Ekiti State Deputy Governor, Chief (Mrs) Monisade Afuye; Governor Biodun Oyebanji; Country Director, World Bank, Nigeria, Shubham Chaudhuri; Secretary to the State Government, Dr (Mrs) Habibat Adubiaro and Commissioner f...
L-R: Special Adviser to Ekiti State Governor on Infrastructure and Public Utilities, Prof. Bolaji Aluko; Ekiti State Governor, Mr Biodun Oyebanji; Head, European Union Delegation to Nigeria and ECOWAS, Ambassador Samuela...
The Commanding Officer 29 Battalion, Nigerian Army, Port Harcourt, Lt. Colonel Aliyu Manga, has commended the Niger Delta Development Commission, NDDC, for co-operating with security...
As part of efforts to ensure the continued enlightenment of investors to enable them take more informed decisions, the Securities and Exchange Commission...
The Sokoto state command of the Federal Road Safety Corps (FRSC) is collaborating with the National Emergency Management Agency (NEMA) and other agencies...
President Bola Ahmed Tinubu has pledged to ensure price control for agricultural products. Tinubu said this in his inaugural address after he was sworn in as the 16th democratically elected president of N...
The Kano State Agropastoral Project (KSADP) and Sasakawa Africa Association (SAA) on Saturday commenced the distribution of farm inputs to farmers across the 44 Local Governments Areas of the state as part of e...
By Moses Ebosele, ebosele@hotmail.com Shareholders of Okomu Oil Palm Company Plc have approved final dividend of N12 per share for the year ended December 31, 2022. This in addition to the N9 p...
The Wesley Girls Senior Secondary School, Yaba, which falls under Education District IV of Lagos State, will be representing Nigeria at the 2023 Stockholm Junior Water Prize (SJWP) competition in Sweden.The com...
The annual Nigeria LNG Limited (NLNG)-sponsored science quiz competition in Rivers State ended on Saturday, 27th May 2023 with Niger Delta Science School, Rumuola, Port Harcourt emerging as the winner in t...
Edo State Government on Wednesday said it distributed 3.3 million textbooks and writing materials to 848 primary and 306 junior secondary schools in the state in the last five years. The state chairman of...