City Business News

As part of the ongoing Pre-Mission exercise in Kogi State being led by the Project Operations Manager, Dr. Salisu Garba, APPEALS Project teams have visited direct beneficiaries of the project across different parts of th...

The Standards Organisation of Nigeria (SON) has sealed a plastic company and arrested three persons for producing harmful plastics.  According to the Director-General, SON, Farouk Salim, the enforcement exercise was...

The Managing Director/CEO of Asset Management Corporation of Nigeria (AMCON) who recently won the “Public Integrity Award 2021,” at the maiden edition of the New Telegraph Newspaper Awards 2021 in Lagos has been pres...

The Nigeria Labour Congress (NLC) has called on the Federal Government to consider options to help the country embrace developmental governance and accountable leadership while rejecting the planned petroleum price inc...

For its phenomenal growth and impactful service delivery in the course of the year, SIFAX Group, a group of companies with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services...

The Director-General, Securities and Exchange Commission (SEC) has warned quoted companies and capital market registrars to desist from selective payments and distribution of dividends.   Yuguda stated this in his ...

By Moses Ebosele, ebosele@hotmail.com   Ecobank Group has signed €100 million credit facility with the European Investment Bank (EIB).    A statement explained that the six year facility a...

Investors in the capital market have been urged to take advantage of initiatives introduced in the capital market which are aimed primarily at strengthening the market and accelerating development.  Minister of Fina...

As part of measures to demonstrate increased commitment towards promoting financial inclusion and women empowerment, Nigeria’s retail lender, Unity Bank Plc has launched Yanga Account, a new retail product designe...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 percent for the umpteenth time.  Reading a communiqué after the committee’s 282...

The French Ambassador to Nigeria, Mrs Emmanuelle Blatmann, on Friday scored the Nigerian Navy high in its bid to curb maritime insecurity, especially piracy in the Gulf of Guinea. Blatmann, during a courtesy visit to the...

For the third quarter (Q3) of 2021, French container shipping and logistics giant,  CMA CGM attained $5.6 billion income, compared to $567 million recorded in Q3 2020. Meanwhile, a total of ten new owned vessel...

By ebosele@hotmail.com  — AS part of measures to enhance cooperation in the field of Maritime Security and Safety, Nigeria, through the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Republic...

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has inaugurated an 18-member staff joint consultative forum for the purpose of strengthening the relationship bet...

The Nigerian Maritime Administration and Safety Agency (NIMASA) on Saturday called for the development of a national policy on waste management. The  Director-General of NIMASA, Dr Bashir Jamoh, made the appeal at N...

All is now set for the 2021 Nigeria Auto Journalists Association (NAJA) Awards scheduled to hold on Wednesday, December 1, 2021 at the Eko Hotel & Suites, Victoria Island, Lagos State.    According to ...

By ebosele@hotmail.com  —  Toyota Nigeria Limited (TNL) has unveiled new Corolla sedan for the nation’s market.   The new Corolla was the only new vehicle (model) unveiled at the just conclu...

The transition to electric cars could jeopardise 60,000 jobs in Italy, one of the country’s main metal workers’ unions has said and called on the government to support a sector that is “overwhelmed by c...

By Moses Ebosele, ebosele@hotmail.com   — All is now set for the 2021 Nigeria Auto Journalists Association (NAJA) award scheduled to hold December 1, at Eko Hotels and Towers, Victoria Island, Lagos State. ...

Daimler plans to dispose of its stake in Renault, the next step in dissolving equity ties forged over a decade ago to cement a three-way partnership between the German automaker, Renault and Nissan. Automotive News repor...

Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy ...

The US has said it is releasing 50 million barrels of oil from its reserves in an attempt to bring down soaring energy and petrol prices.  The move is being taken in parallel with other major oil-consuming nations, ...

Oil prices rose slightly on Thursday after dropping to six-week lows as investors wondered about how much crude major economies would release from their strategic reserves and how much that would ease global crude demand...

By Moses Ebosele, ebosele@hotmail.com   —  Dr. A.B.C. Orjiako has stepped  down as Chairman and from the Board of Directors of Seplat Energy Plc.    Orjiako’s decision to step dow...

Royal Dutch Shell plans to move its headquarters to Britain, simplify its share structure and change its name as part of an overhaul that executives say will better position the oil and gas giant’s transition to a clea...

The Acting Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko (7th left), the Executive Secretary, Nigerian Shippers’ Council, Hon, Emmanuel Jime (8th left). Executive Director, Marine and Operation...

Captain Olugbemiga Abidoye and wife with Officiating Ministers, after a Thanksgiving service marking his 70th birthday anniversary at the All Souls Anglican Church, Lekki. 

From left: Group Head, Retail, E-Business and SME Banking, Unity Bank Plc, Mr. Olufunwa Akinmade congratulating the star prize winner in Lagos NYSC camp, Olawale Moshood Mohammed. 

R-L: Managing Director, Nigeria LNG Limited, Dr. Philip Mshelbila; Managing Director, Shell Nigeria Gas and President, Nigeria Gas Association, Mr. Ed Ubong; Managing Director, Shell Nigeria Exploration and Production Co...

Representative of the Acting Managing Director of the Nigerian Ports Authority (NPA), the Executive Director, Engineering and Technical Services, Prof. Idris Abubakar (4th left), the General Officer Commanding (GOC) 81 D...