City BusinessNews, Author at City Business News

July 12, 2017 No Responses

Critical role of Admiralty law to maritime sector’s growth, by Dakuku

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has said that there can be no maritime sector without admiralty law and that every aspect of shipping is governed by one law or the...

July 12, 2017 No Responses

First Bank Photo News

L-R: Chief Eric Umeofia, President & CEO, Erisco Food Ltd; Tara Fela-Durotoye, Founder & CEO, House of Tara; Mrs. Ibukun Awosika, Chairman, FirstBank; Gbenga Shobo, Deputy Managing Director, FirstBank; and Abdulahmed Mustapha, Permanent Secretary, La...

July 12, 2017 No Responses

IMO Okays life safety performance criteria guidelines

The International Maritime Organization’s (IMO) Maritime Safety Committee has approved the Guidelines for the Selection of Life Safety Performance Criteria for use in Alternative Design and Arrangements for Fire Safety (SOLAS Regulation II-2/17). As explaine...

July 11, 2017 No Responses

Capacity building takes centre stage as Boss Mustapha mark one year at NIWA

Today, July 11th 2017 make it exactly one year since Boss Mustapha assumed duty as the Managing Director/Chief Executive Officer of National Inland Waterways Authority (NIWA). According to NIWA, within that Bench Mark, so much has happened under Mus...

July 11, 2017 No Responses

FirstBank appoints Abdullahi Ibrahim as Executive Director

First Bank of Nigeria Limited, on Monday announced the appointment of Mr. Abdullahi Ibrahim as an Executive Director. Prior to this appointment, Abdullahi was the Bank’s Group Executive, Retail Banking North. Mr. Ibrahim’s appointment is in sync with ...

July 11, 2017 No Responses

FG unveils agenda to boost creative industry

The Federal Government on Monday announced a tripartite partnership with the CNN and the UN World Tourism Organization (UNWTO) to boost the Creative Industry in Nigeria, using the film industry as a pivot. The Minister of Information and Culture, Alhaji Lai ...

July 11, 2017 No Responses

Etisalat pulls out of Nigeria

Abu Dhabi’s Etisalat has terminated its management agreement with its Nigerian arm and given the business time to phase out the brand in Nigeria, the chief executive of Etisalat International told Reuters on Monday. Nigerian regulators intervened last week t...

July 11, 2017 No Responses

India to construct LNG import terminal

India has taken a step toward increasing seaborne imports of liquefied natural gas (LNG) as the country held a ground breaking ceremony for the construction of an LNG terminal in Bhadrak. Officials informed that cargoes carried from the US, Canada...

July 11, 2017 No Responses

Porsche under investigation over alleged fraud

The Stuttgart prosecutor’s office said on Monday employees at German sports car maker Porsche AG and its U.S. subsidiary were being investigated for suspected fraud and false advertising related to diesel emissions. The probe is the latest twist in...

July 10, 2017 No Responses

Cosco to aquire OOIL for $6.3b, hits 400 vessels

Chinese shipping giant Cosco is set to buy its Hong Kong rival OOIL for $6.3bn (£4.9bn). The deal would make Cosco the world’s third biggest shipping company, with more than 400 vessels. OOIL’s majority owner has accepted the bid, though...

July 10, 2017 No Responses

Police assures NSC of support in monitoring, compliance at Seaports

The Nigerian Police Force, Marine Police Command has assured the Nigerian Shippers’ Council (NSC) of support in carrying out some of its statutory obligations at the nation’s ports. The Assistant Inspector General of Police, AIG Pius Imue made the promis...

July 10, 2017 No Responses

CBN targets single digit inflation

Nigeria “will get back” to single digit inflation, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has declared. In an interview with Arise Television, Emefiele explained that with the improvement seen in growth from the negative 1.7...

July 9, 2017 No Responses

Police to personnel: Stop interception of already cleared cargoes

The Marine Command of Nigerian Police Force, has assured Nigerian Shippers’ Council (NSC) of support in carrying out some of its statutory obligations at the nation’s ports. The Assistant Inspector General of Police, AIG Pius Imue made the promise during...

July 9, 2017 No Responses

Abu Dhabi opens new seaport

Port developer and operator Abu Dhabi Ports officially inaugurated the new Delma Port, set to play an active role in promoting economic and social growth in the Al Dhafra region. Located on the eastern side of Delma Island, the new port...