Author: City BusinessNews

Conoil Explains N1.4B Dividend
June 3, 2018 No Responses

Conoil Explains N1.4B Dividend

Conoil Plc has proposed N1.4billion as dividend payout to its shareholders for its last financial year in the face of daunting economic challenges in the country. This translates to N2.00 on every 50 kobo ordinary share. It is in line...
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NLNG Pledges To Deliver Over 300 Cargoes Worldwide
June 2, 2018 No Responses

NLNG Pledges To Deliver Over 300 Cargoes Worldwide

Nigeria LNG Limited is taking major steps at sustaining its reputation as a safe, reliable and secure supplier of Liquefied Natural Gas (LNG) and Natural Gas Liquids (Condensate and LPG) worldwide.  Managing Director and Chief Executive Officer of the Company...
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NPA Seeks Osinbajo’s Intervention Over Govt Agencies Non-Compliance With Ease Of Doing Business At Seaport
June 2, 2018 No Responses

NPA Seeks Osinbajo’s Intervention Over Govt Agencies Non-Compliance With Ease Of Doing Business At Seaport

Worried by the alleged level of non-compliance by some Government Agencies to the Presidential Order on the Ease of Doing Business at the Nation’s Seaports, Managing Director, Nigerian Ports Authority (NPA) Hadiza Bala Usman has threatened to seek the interv...
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Investors Stake N70.2B On Stanbic IBTC, Access Bank, Zenith Bank In Four Days
June 2, 2018 No Responses

Investors Stake N70.2B On Stanbic IBTC, Access Bank, Zenith Bank In Four Days

For the week ended June 1, 2018, transactions in Stanbic IBTC Holdings Plc, Access Bank Plc and Zenith Bank International Plc (measured by volume) accounted for 1.626 billion shares worth N70.285 billion in 2,882 deals, contributing 60.23% and 82.91% to...
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ILO Seeks Renewed Spirit Of Tripartism
June 2, 2018 No Responses

ILO Seeks Renewed Spirit Of Tripartism

The Director-General of the International Labour Organization, Guy Ryder, warned of ‘heightened tension in the world’ as he addressed the opening of the 107th session of the International Labour Conference  (ILC).   He urged delegates to show “the spir...
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Oscar Onyema: My Strategic Agenda As ASEA President Is To Build Capacity
June 1, 2018 No Responses

Oscar Onyema: My Strategic Agenda As ASEA President Is To Build Capacity

The Chief Executive Officer of Nigeria Stock Exchange (NSE) and President of  African Securities Exchanges Association (ASEA), Oscar Onyema has identified capacity building as key component of his administration.   In a chat with the World Federation of Exch...
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Airlines Threaten To Stop VAT Remittance In Nigeria
June 1, 2018 No Responses

Airlines Threaten To Stop VAT Remittance In Nigeria

Indigenous airlines operating in the Nigerian aviation industry have threatened to from June 14, 2018 stop remittance of Value Added Tax (VAT) to the coffers of the Federal Government, saying that the continuous collection of such tax negated the principle...
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Study Seeks Support For Methanol As Sustainable Marine Fuel
June 1, 2018 No Responses

Study Seeks Support For Methanol As Sustainable Marine Fuel

In anticipation of the entrance into force of IMO’s 2020 sulphur cap, methanol is gaining ever greater support as an environmentally-friendly marine fuel. According to the latest findings of the Sustainable Marine Methanol (SUMMETH) project, there are no obs...
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NSE, London Stock Exchange To Host Dual Listing Conference In Lagos
June 1, 2018 No Responses

NSE, London Stock Exchange To Host Dual Listing Conference In Lagos

The Nigerian Stock Exchange (NSE), in partnership with London Stock Exchange Group (LSEG) will host the 5th edition of the NSE-LSE Dual Listing Conference on Friday, June 1, 2018, at Wheathbaker Hotel, Ikoyi, Lagos, Nigeria.  This year’s conference themed, ...
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Experts Highlight Role Of Exchanges In Preserving Market Integrity
June 1, 2018 No Responses

Experts Highlight Role Of Exchanges In Preserving Market Integrity

The World Federation of Exchanges (WFE) panel on Thursday at a special meeting in London focused on the role of its members in preserving market integrity.   ​According to WFE, the ongoing debate will focus on the key themes in...
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CBN Sustains FOREX Market Intervention With $210M
May 31, 2018 No Responses

CBN Sustains FOREX Market Intervention With $210M

The Central Bank of Nigeria (CBN), on Wednesday, May 30, 2018, again sustained its supply in the inter-bank Foreign Exchange market with the sum of $210 million  The Bank offered the sum of $100 million to authorized dealers in the...
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COSCO Takes Delivery of Third 20,000 TEU
May 31, 2018 No Responses

COSCO Takes Delivery of Third 20,000 TEU

Chinese container shipping major COSCO Shipping Corporation has taken delivery of its fifth 20,000 TEU containership, COSCO Shipping Virgo. Built by Shanghai Waigaoqiao Shipbuilding, the ship is 399.8 meters long and 58.6 meters wide. It boasts a deck area equ...
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GAC Secures Agency Deal
May 30, 2018 No Responses

GAC Secures Agency Deal

Japanese container shipping company Ocean Network Express (ONE) has awarded GAC the agency contract to handle all its vessel calls in Australia covering the ports of Sydney, Melbourne, Brisbane, Adelaide and Fremantle. Under the agreement, GAC Australia will p...
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Minister: Minimum Wage May Not Materialise In September
May 30, 2018 No Responses

Minister: Minimum Wage May Not Materialise In September

The Minister of Labour and Employment, Sen. Chris Ngige has said that the new national minimum wage may not materialise in September as earlier envisaged.  Ngige, who disclosed this to newsmen on Tuesday at his residence in Abuja, said that...
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