Author: City BusinessNews

LNG: Shell, CMA CGM Seal Supply Deal
June 30, 2022 No Responses

LNG: Shell, CMA CGM Seal Supply Deal

French shipping giant, CMA CGM Group and oil and gas company, Shell have entered into agreements to work together towards accelerating the decarbonisation of the marine sector.  Specifically, the partners have signed a multi-year deal for the supply of Liquefied Natural...
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Grimaldi Takes Delivery Of 10th Eco-Friendly RoRo 
June 30, 2022 No Responses

Grimaldi Takes Delivery Of 10th Eco-Friendly RoRo 

Italian shipping company, Grimaldi Group has taken delivery of Eco Mediterranea, the tenth of twelve hybrid roll-on/roll-off (RoRo) ships belonging to the Grimaldi Green 5th Generation (GG5G) class.  The vessel was delivered on 28 June by the Chinese...
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Fitch Upgrades Fidelity Bank’s Issuer Default Rating From ‘B-’ To ‘B’
June 30, 2022 No Responses

Fitch Upgrades Fidelity Bank’s Issuer Default Rating From ‘B-’ To ‘B’

Fitch Ratings has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased creditworthiness. The rating agency also upgraded Fidelity’s National Long-Term Rating to ‘A(nga)’ from ‘...
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Delta, Rivers Corps Members To Benefit From Unity Bank’s N10m Business Grant 
June 30, 2022 No Responses

Delta, Rivers Corps Members To Benefit From Unity Bank’s N10m Business Grant 

Unity Bank’s flagship Entrepreneurial Development Initiative, Corpreneurship Challenge, is set to return for the 8th edition across 10 locations in Nigeria, including a debut in Delta and Rivers States.    The Retail lender kick-star...
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Nestle Nigeria Photo News
June 30, 2022 No Responses

Nestle Nigeria Photo News

L – R: Managing Director and Chief Executive Officer, Nestle Nigeria Plc, Mr. Wassim El-Husseini, Chairman, Mr. David Ifezulike and Company Secretary, Mr. Bode Ayeku at the 53rd Annual General Meeting (AGM)  held in Lagos on Wednesday. 
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WAEC Approves 85 Venues For Coordination And Scripts Marking
June 30, 2022 No Responses

WAEC Approves 85 Venues For Coordination And Scripts Marking

Coordination and marking of the 2022 West African Senior  School Certificate Examination (WASSCE) for school candidates will be carried out at 85 venues across Nigeria.  The West African Examinations Council (WAEC) made the disclosure in a statement s...
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Dana Air Introduces More Flights On Lagos, Abuja Routes 
June 30, 2022 No Responses

Dana Air Introduces More Flights On Lagos, Abuja Routes 

Dana Air has introduced additional flights on its Lagos and Abuja route network.   The airline in a statement said, the introduction of the additional flights was strictly based on popular demand, the desire to meet the growing demand,&nbsp...
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Nigeria Targets 1.6b Litres Of Milk Per Annum
June 29, 2022 No Responses

Nigeria Targets 1.6b Litres Of Milk Per Annum

Nigeria is targeting 1.6 billion liters of milk per annum for self-sufficiency in livestock products and animal protein needs.  Nigeria’s Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, disclosed this while inaugurating the National...
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Weststar Reiterates Commitment To Authorized Mercedes-Benz Dealerships In Nigeria
June 29, 2022 No Responses

Weststar Reiterates Commitment To Authorized Mercedes-Benz Dealerships In Nigeria

Weststar Associates Limited, the Authorized General Distributor of Mercedes-Benz in Nigeria, has reiterated its Commitment to Authorized Mercedes-Benz Dealerships In Nigeria  Part of a statement issued by the company on Tuesday, read: “Weststar Associat...
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Nigeria, Japan Sign Exchange Notes On High-Speed Boat
June 29, 2022 No Responses

Nigeria, Japan Sign Exchange Notes On High-Speed Boat

The Federal Republic of Nigeria has signed an Exchange of Note(E/N) with the Japanese Government for an Economic and Social Development Programme involving the acquisition of a High-Speed Boat to reinforce services for coastal security in Nigeria, with the Nig...
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NIWA Board Holds Inaugural meeting, Pledges To Make 10,00km Waterways Navigable
June 29, 2022 No Responses

NIWA Board Holds Inaugural meeting, Pledges To Make 10,00km Waterways Navigable

The Board of Directors, the National Inland Waterways Authority (NIWA), has promised to make the nation’s 10,000km-waterways navigable all year round.  The Board Chairperson, Sen Binta Masi-Garba, made the promise on Tuesday during the Inaugural meeting o...
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Unclaimed Dividends Hit N180b 
June 29, 2022 No Responses

Unclaimed Dividends Hit N180b 

Lamido Yuguda, the Director-General, Security and Exchange Commission (SEC), on Tuesday, said the commission is working to ensure it reduces the level of unclaimed dividends to zero per cent. Speaking at an interactive session with editors on Tuesday in Lagos,...
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Customs Impounds N1.3b Goods In Ogun
June 28, 2022 No Responses

Customs Impounds N1.3b Goods In Ogun

The Nigeria Customs Service (NCS), Ogun 1 Area Command impounded goods worth N1.3 billion between May to June around Ogun State and its environs. Briefing Journalists on Monday, the Area Comptroller, Bamidele Makinde, explained that the command generated N12.8...
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Geely Unveils Sustainability Report, Targets Carbon Neutrality Across Value Chain
June 28, 2022 No Responses

Geely Unveils Sustainability Report, Targets Carbon Neutrality Across Value Chain

Geely Holding Group, on Monday, July 27, 2022 unveiled its 2021 sustainability report which aims to achieve carbon neutrality across the entire value chain by 2045.   Geely Holding said it has completed the checking of GHG emissions (Scope 3), a...
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