City Business News

The Nigerian Maritime Administration and Safety Agency (NIMASA) has donated food items and economic strengthening equipment to People Living With Disabilities (PLWDs) in Gombe State.  The News Agency of Nigeria (NAN...

SIFAX Logistics Company Limited, a subsidiary of SIFAX Group whose business offerings include haulage, clearing and forwarding, groupage and shipping, has rewarded 19 truck drivers and technicians for thei...

The Minister of State for Mines and Steel Development, Dr Uche Ogah, has decried the absence of support from the Central Bank of Nigeria (CBN) for the development of mines and the solid mineral sector.  The minister mad...

The Edo State Governor, Mr. Godwin Obaseki has celebrated the Esama of Benin, Chief Gabriel Osawaru Igbinedion on his 87th birthday, describing him as a generational gift to the state, Nigeria, Africa and the World ...

The Dala Inland Dry Port (IDP) will boost trans-Sahara trade developments and indeed the African Continental Free Trade Area (AfCFTA), Executive Secretary, Nigerian Shippers’ Council (NSC),  Emmanuel Jime has said. ...

The United Bank for Africa (UBA) Plc has announced its audited half-year financial results for the half-year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators.  The...

First Bank of Nigeria Ltd has won the Global Finance ‘Private Bank of the Year 2021’ award.  The Deputy Managing Director of the bank, Mr Gbenga Shobo,  in a statement on Monday explained that the bank was ...

Fidelity Bank Plc has posted a profit before tax (PBT) of N20.6 billion for the six months ended June 30, 2021. The Managing Director/Chief Executive Officer of Fidelity Bank, Mrs Nneka Onyeali-Ikpe, disclosed this in th...

The World Federation of Exchanges (WFE) on Thursday elected ten Directors of the Board, including a new Chairman, Vice Chairman and Working Committee Chairman at the 60th General Assembly.  Elect...

Danish shipping giant A.P. Moller – Maersk has acquired HUUB, a Portuguese cloud-based logistics startup. World Maritime News reports on Wednesday that this is the company’s third acquisition this year with...

The UK government has backed an absolute zero target for international shipping emissions by 2050, marking the start of London International Shipping Week. This target, which would need to be agreed through the...

The Chairman/Chief coordinator of African Single Market World Commodities Summit and Expo, Mr Angelo Peter, has urged investors to ensure that African commodities are exported as single product as part of measures to dis...

The AP Moller Terminal (APMT), Apapa, has provided over 1,000 truck drivers in Lagos with Personal Protective Equipments (PPE), to mark the 2021 Global Safety Day.  The Chief Operating Officer and Head of Terminal, ...

The Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced the electronic verification of the new Ship Registry Certificates it introduced on July 1.  The Director-General of NIMASA, Dr. Bashir Ja...

The chairman, consultative committee, 14th annual banking & finance conference of Chartered Institute of Bankers of Nigeria (CIBN), Mr Herbert Wigwe, has highlighted the significant role Kia Nigeria is play...

Weststar Associates Limited, Authorized General Distributor of Mercedes-Benz in Nigeria has announced the arrival of the new E-Class to its showrooms nationwide. A statement issued by the company explained that that the ...

 Toyota Motor Corp said on Tuesday it expects to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system – a bid to lead in the key automotive technology over the next dec...

Hyundai Motors Nigeria Limited (HMNL) in collaboration with Nigeria’s top financial institution, Access Bank plc has launched a vehicle finance scheme to inspire perceptive customers and fleet buyers to buy precision-e...

Land Rover SV Bespoke has introduced the Defender V8 Bond Edition to celebrate Defender’s role in the 25th James Bond film, ‘No Time To Die.’According to the company, the model wi...

Oil prices climbed on Thursday morning, extending the previous day’s solid gains after a larger-than-expected drawdown in crude oil stocks in the United States, the world’s largest oil consumer. Brent crude o...

Between 2001 and June 202O, the Multinational oil company, ExxonMobil, based in Mkpanak, Ibeno Local Government Area of Akwa Ibom State, contributed N67.5 billion to the Niger Delta Development Commission (NDDC).   Spe...

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has commenced a one-year professional and vocational training for 40 youths from the SPDC Joint Venture host communities of the Assa North and Ohaji South...

In his farewell remarks, Engr. Attah said, “I thank the staff and our partners who helped achieve our set goals. It was a collective success. I would like to see the five years as foundational. Earlier, the ambition of...

 Oil prices extended losses on Monday, falling more than 1%, after the world’s top exporter Saudi Arabia slashed crude prices for Asia over the weekend, signalling demand concerns and that globa...

L-R: Sogo Faola, Assistant General Manager, Transfer, Ports & Cargo Handling Services Limited; Kayode Alatise, Assistant General Manager, SIFAX Haulage; Adewale Adetayo, General Manager, SIFAX Haulage; Basil Agboarum...

Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh (right), handing a souvenir to the Vice-Chancellor of the University of Lagos, Professor Oluwatoyin Ogundipe, during a court...

L-R: Principal Manager, Market Development Department, Investor Education,  Securities and Exchange Commission, Mr Bako Maichibi,  Principal Manager, Market Development Department, Investor Education,  SEC Mr Ahaneku ...

L-R: Permanent Secretary, Lagos State Ministry of Health, Dr Olusegun Ogboye,  Commissioner for Health, Lagos State;  Prof Akin Abayomi and  Member Capital Market support Committee on COVID 19 & M...

L – R: Executive chairman, Borno SUBEB, Dr Shettima Bukar Kullima, Zonal Head, North East and Jigawa, Mr Mustapha Mohammed, Governor of Borno State, Prof Babagana Umara Zulum, Zonal Head, Abuja and North Central, Mr Nu...