City BusinessNews, Author at City Business News

August 20, 2018 No Responses

NLNG Train 7 To Increase FDI

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, over the weekend said NLNG’s planned Train 7 Project, which will increase production output of its plant from 22 Million Tonnes Per Annum (MTPA) to 30...

August 20, 2018 No Responses

Photo News

L-R, Research Associate, Center for International Development Korea, Mrs Anna Ko, Dean Department of Economics and Statistics Korea University Prof Lee Jae-Won. Acting Executive Commissioner, Operations Securities and Exchange Commission SEC, Mr Isyaku T...

August 20, 2018 No Responses

Maersk To Focus On Transport, Lists Drilling As Stand Alone Firm

Danish transport and logistics group A.P. Moller – Maersk has decided to list Maersk Drilling as a standalone company on Nasdaq Copenhagen in 2019 in an effort to focus on transport and logistics. Having evaluated the different options for Maersk Drilling,....

August 19, 2018 No Responses

Firm Secures $47m Grimaldi’s Nine RoRo Vessels Contract

Norwegian maritime technology group Kongsberg Maritime has been awarded contracts with China’s Nanjing Jinling Shipyard to deliver power and hybrid systems to nine roll-on/roll-off (RoRo) vessels ordered by Italian Grimaldi Group. The contracts are valued at...

August 19, 2018 No Responses

“How To Sustain Growth, Harness 70 % Of Cargo Traffic In West, Central Africa”

The Chairman, Nigerian Ports Consultative Council (NPCC), Otunba Kunle Folarin has challenged Nigerian stakeholders to take full advantage of the nation’s port reforms. Speaking in Lagos during the 3rd Annual Taiwo Afolabi Maritime Conference, organized ...

August 19, 2018 No Responses

Buhari Mourns Kofi Annan

President Muhammadu Buhari has commiserated with the government and people of Ghana over the passing of former UN Secretary General, Kofi Annan, in the early hours of Aug. 18. A statement issued by Mr Femi Adesina, the President’s Special Adviser...

August 18, 2018 No Responses

NNPC To List 40% Shares

The Nigerian National Petroleum Corporation (NNPC) is to list 40 per cent of its shares on the floor of Nigerian Stock Exchange (NSE) when the Petroleum Industry Governance Bill (PIGB) gets Presidential Assent. Speaking in Lagos at the 2018 annual conferenc...

August 18, 2018 No Responses

INEC Boss Rules Out Postponement Of 2019 Elections

The Independent National Electoral Commission (INEC) will not postpone the 2019 general elections because of the delay in the passage of its budget, Chairman, Prof. Mahmood Yakubu,has said. Speaking with Journalists in Abuja, the INEC Boss explained that the...

August 18, 2018 No Responses

Coscharis Photo News

R-L: Yebeltal Getachew, Customer & Commercial Leadership Director, Coca Cola Nigeria Ltd; Abiona Babarinde, General Manager, Marketing & Corporate Communications, Coscharis Group in hand shake with Ahmed Oseni, Captain, IBB Golf Club, Abuja and Olal...

August 18, 2018 No Responses

Buhari Felicitates With Oba Otudeko At 75

President Muhammadu Buhari has congratulated the founder and Chairman of Honeywell Group, Ayoola Oba Otudeko, who turns 75 years on Saturday. In a statement issued by Mr Femi Adesina, Special Adviser to the President on Media and Publicity, Buhari saluted...

August 18, 2018 No Responses

Naira Gains 40k Against Dollar At Parallel Market

The Naira gained 40k against the dollar at the end of Friday trading, exchanging at N359.6 stronger than N360 traded on Thursday. The Pound Sterling and the Euro closed at N469 and N413 respectively. At the Bureau De Change (BDC)...

August 18, 2018 No Responses

Photo News

L-R: Otunba Kunle Folarin, Chairman, Nigerian Ports Consultative Council and Keynote Speaker; Obiageli Obi, Director-General, Nigerian Chamber of Shipping and one of the Panelists; Princess Vicky Haastrup, Chairman, Seaport Terminal Operators of Nigeria (STOAN...

August 18, 2018 No Responses

Photo News

L-R: Otunba Kunle Folarin, Chairman, Nigerian Ports Consultative Council and keynote speaker; Mariam Afolabi, daughter and representative of Dr. Taiwo Afolabi; Chief Adebayo Sarumi, Former Managing Director, Nigerian Ports Authority and Chairman of the occasio...

August 17, 2018 No Responses

Oyo, IITA Seal Pact On Agric Policy, Agribusiness Park

The International Institute of Tropical Agriculture (IITA) and Oyo state government on Thursday signed a deal to develop an agricultural blueprint for the state, and the establishment of agribusiness park. The agricultural policy will clearly outline the ...