City BusinessNews, Author at City Business News

November 3, 2021 No Responses

Shell To Expand Natural Gas Market, Sales In Nigeria

By ebosele@hotmail.com — Global energy company, Shell, has announced a new business line in Nigeria to expand natural gas marketing and sales as part of measures to meet the rapidly growing energy needs of wholesale customers and provide more and cleaner energy...

November 3, 2021 No Responses

5G: NCC Hosts Stakeholder Engagement

As part of activities lined up for the implementation of the Fifth Generation (5G) Technology Deployment in Nigeria, the Nigerian Communications Commission (NCC) is set to host stakeholder engagement forum A statement issued by Dr Ikechukwu Adinde,...

November 3, 2021 No Responses

FirstBank Unveils Fully Automated Branch

First Bank of Nigeria has unveiled its first fully automated branch, called FirstBank Digital Experience Centre for customers. A statement issued on Tuesday quoted the Chief Executive Officer of FirstBank, Dr Adesola Adeduntan as saying the digital...

November 3, 2021 No Responses

Shipowners Seek Sector-Dedicated Fund

In a new policy paper, European shipowners have supported a dedicated fund to be set up under the EU Emission Trading System (EU ETS) to stabilise the carbon price. World Maritime reports that the policy paper on the EU ETS ECSA...

November 3, 2021 No Responses

Maersk Records $16.6b Revenue In Q3

Danish shipping and logistics giant A.P. Moller – Maersk closed the third quarter of 2021 with record earnings. Revenue grew 68 per cent to $16.6 billion in Q3 2021 from $9.9 billion posted in the corresponding quarter a year earlier. EBIT was...

November 3, 2021 No Responses

Pupils Abducted In Edo

Two pupils of Glory Land Group of Schools in Edo State were kidnapped on Tuesday at 5.35 p.m on the Igarra-Auchi Road, near Ikpeshi, Akoko Edo Local Government Area. The spokesman for the police command in the state, SP Kontongs...

November 3, 2021 No Responses

Dangote, Presco, Okomu Oil For Edo Investment Summit

Dangote Group, Presco Plc, Okomu Oil Palm Plc have declared interest to participate in the 2021 Alaghodaro investment Summit scheduled to take place between November 12 and 14, 2021, with the theme, “Edo of Our Dreams: Building a Sustainable Future.”...

November 3, 2021 No Responses

JPTS Gets Training Institute Award, Honours Malaye

Joint Professional Training Support International (JPTS), was recently named as “The Best Training Institute in Nigeria“ at the Nigeria Public Service Award 2021. Senator Dino Melaye also receives an Honorary Degree from the institute...

November 3, 2021 No Responses

New FOU Zone C Comptroller, Ali Ibrahim, Vows To Tackle Smuggling

By citybusinessnews@yahoo.com — Mr Ali Ibrahim has assumed duty as new comptroller of the Nigeria Customs Service, Federal Operations Unit, Zone ‘C’ (FOUC) Owerri Addressing principal Officers in Owerri, Imo State, Ibrahim, who co...

November 3, 2021 No Responses

Shell Awards $800m Contracts To Nigerian Firms

Mr Osagie Okunbor, Country Chair, Shell Companies In Nigeria (SCiN) says 100 percent of its contracts worth $800 million were awarded to Nigerian companies in 2020. Okunbor made the announcement during a panel session at the Association of Energy Corresponde...

November 3, 2021 No Responses

ICPC Tasks FAAN Workers On Transparency, Accountability

Independent Corrupt Practices and other Related Offences Commission (ICPC) has called on Federal Airport Authority of Nigeria (FAAN) workers to exhibit high level of transparency and accountability in the discharge of their duties. ICPC Chairman, P...

November 2, 2021 No Responses

LNG, Vehicle Carriers, Others Drive Panama Canal’s Growth

The Panama Canal has closed its fiscal year 2021 with a record-breaking annual tonnage of 516.7 million Panama Canal tons (PC/UMS), 8.7 per cent higher compared to the 2020 fiscal year and 10 per cent above tonnage registered in financial year ...

November 2, 2021 No Responses

NB Reports N309.2b Revenue, Budgets N3.23 For Interim Dividend

By Moses Ebosele, ebosele@hotmail.com — For the nine months ended September 30, 2021, the Board of Directors, Nigerian Breweries Plc (NB Plc) has approved an interim dividend of N3.23 billion payable to shareholders at 40k each per ordinary share of 4...

November 2, 2021 No Responses

Court Orders FG To Pay Delta $1.638b derivative arrears

A Federal High Court, Abuja, on Monday, ordered the Federal Government to pay 1.638 billion dollars to Delta Government being 13 per cent derivative sum due as arrears of revenue payable to the oil-rich state. Justice Donatus Okorowo, while delivering...