City BusinessNews, Author at City Business News

August 24, 2018 No Responses

Maersk, Klaveness Digital Team Up on Developing Digital Solutions For Shipping

Maersk Tankers and Klaveness Digital have joined forces to drive the development of intelligent digital solutions for the shipping industry. As informed, Maersk Tankers will get access to Klaveness Digital’s digital platform, enabling the company to store and manage large...

August 24, 2018 No Responses

Naira Weakens Against Dollar At Parallel Market

The Naira on Thursday lost 30 kobo to exchange at N358.30 to the dollar at the parallel market in Lagos, weaker than N358 traded on Wednesday. The Pound Sterling and the Euro closed at N475 and N418, respectively. At the...

August 23, 2018 No Responses

World’s 1st LNG-Powered Cruise Ship Debuts

AIDAnova, the world’s first cruise ship powered with LNG, has left Meyer Werft’s building dock in Papenburg, Germany. It took almost two hours to float out AIDA Cruises’ newbuilding in the evening hours of August 21 The 180,000-ton vessel will...

August 23, 2018 No Responses

Geely Records 54 Per Cent Increase In Sales

Geely Automobile Holdings surpassed its top three Japanese rivals to become the third-largest automaker in China after Volkswagen Group and General Motors, helped by models that appeal to the nation’s young consumers. Reporting a 54 percent jump in net i...

August 22, 2018 No Responses

Dakuku Preaches Love, Peaceful Coexistence As Nigerians Celebrates Eid-El-Kabir

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has urged Nigerians and the entire African continent to jealously guide the fledgling democracy which is gradually taking roots in the continent, notin...

August 22, 2018 No Responses

Firm Takes Delivery Of LNG-Fueled Bulker

Finnish dry bulk shipping company ESL Shipping has taken delivery of LNG-fueled bulk carrier named Haaga. Thanks to the innovative technologies incorporated in the vessel’s design, the 160-meter, 25,600 dwt vessel has had its carbon dioxide footprint cut b...

August 22, 2018 No Responses

Maersk To Test Northern Sea Route

Danish industry major A.P.Moller Maersk is about to send a containership through the Northern Sea Route as part of a test run aimed at collecting scientific data. The route is becoming ever more appealing to the shipping industry, especially to...

August 22, 2018 No Responses

Minister: 2019,’Year of Decision’ For Nigerians

The Minister of Information and Culture, Alhaji Lai Mohammed, has commended Nigerians for their perseverance and support for the Administration of President Muhammadu Buhari. Speaking with journalists in his country home at Oro, Kwara State, on the occasio...

August 21, 2018 No Responses

1,000 Entrepreneurs Storm Heritage Bank’s Next Titans Audition

The Lagos audition of the Heritage Bank Plc’s entrepreneurial reality TV show, popularly called the Next Titan, was held with no fewer than 1000 contestants in attendance. The enthusiastic contestants trooped to Excellence Hotel, Ogba, venue of the auditio...

August 21, 2018 No Responses

ATM Records N1.603B Transactions In Q2

Nigeria recorded not less than 217,417,961 volume of Automated Teller Machine (ATM) transactions valued at N1.603 billion in Second Quarter, the National Bureau of Statistics (NBS) has said. According to the report, NBS a total of 509,668,433 transactions va...

August 21, 2018 No Responses

Afolabi, Folarin, Sarumi Proffer Solutions To Rising Port Costs

Dr. Taiwo Afolabi, Group Executive Vice Chairman, SIFAX Group, a multinational corporation with diverse interests in Maritime, Aviation, Haulage & Logistics, Oil & Gas and Hospitality, and other maritime experts have proffered solutions to address the ...

August 21, 2018 No Responses

NUJ Condemns Demolition Of Fresh FM

The Nigeria Union of Journalists, NUJ, Oyo State Council has condemned the demolition of the Music House of Fresh FM 105.9, Ibadan by the Oyo State Government. The NUJ in a statement jointly signed by the Chairman and Secretary of...

August 21, 2018 No Responses

Diamond Bank Disburses N1B To SMEs

Diamond Bank Plc has announced its disbursement of over N1 billion under the cash flow-based SME lending scheme. Launched in January 2017 in partnership with the Women’s World Banking (WWB), the scheme features the Cash Flow-based MSME Lending Methodolo...

August 21, 2018 No Responses

WFE Proposes Enhancements To Financial Stability Board’s Cyber Lexicon

The World Federation of Exchanges (WFE), has published its response to the Financial Stability Board’s (FSB) Cyber Lexicon Consultation. The FSB’s document – a draft glossary of common terms related to cyber security and cyber resilience –...