yetty, Author at City Business News

July 18, 2020 No Responses

Crude Shipments Resume From Pemex Floating Storage Unit

An oil production and storage vessel, operated by Mexican state oil firm Pemex in the Gulf of Mexico, has resumed crude shipments. This is after a tanker collision halted exports earlier this month, according to a person with knowledge of...

July 17, 2020 No Responses

CBN Targets 12.5m Metric Tons Of Maize In 18 Months

The Central Bank of Nigeria (CBN) on Friday in Abuja said that it would intensify its support to farmers to meet the production of 12.5 million metric tons of maize in the country in the next 18 months. Mr Yusuf...

July 17, 2020 No Responses

FMDQ Securities Exchange turnover hits N16.47trn in June

FMDQ Securities Exchange recorded a turnover of N16.47 trillion in the Fixed Income and Currency (FIC) in the month of June. This is contained in a monthly FIC report obtained by the News Agency of Nigeria (NAN) from FMDQ on...

July 17, 2020 No Responses

Arotile For Burial July 23

The Nigerian Air Force (NAF) on Friday disclosed that the remains of late Flying Officer Tolulope Arotile, the Service’s first female combat helicopter pilot, who died on Tuesday, will be buried on July 23 at the National Military Cemetery in...

July 17, 2020 No Responses

Bio-LNG Secures $12.57 EU Backing

Titan LNG, a Dutch supplier of LNG to the marine and industrial markets in Europe, has secured funding for its bio-LNG project. The company said on Friday it has received €11 million ($12.57 million) from the European Union through the...

July 17, 2020 No Responses

NPA: 21 Ships Discharging Petrol, Frozen Fish, Others At Lagos Seaports

The Nigerian Ports Authority (NPA) on Friday disclosed that 21 ships at the Lagos ports were discharging petroleum products and food items. NPA in its publication, `Shipping Position’, listed the contents of the ships as frozen fish, general cargo, contain...

July 17, 2020 No Responses

FRSC Task Passengers On COVID-19 Protocols

The Federal Road Safety Corps (FRSC), Ogun Command, on Friday urged commercial motorists to ensure passengers comply with COVID-19 protocols, especially the use of face mask. Ahmed Umar, Ogun state Sector Commander, gave the advice during a sensitisation pro...

July 16, 2020 No Responses

Nigeria To Boost External Reserve With Gold Sales

The Minister of Mines and Steel Development, Olamilekan Adegbite, on Thursday said Nigeria has commenced gold purchase programme through the Central Bank of Nigeria (CBN). The minister stated this while addressing State House correspondents after the official ...

July 16, 2020 No Responses

NDDC Boss:N40b Not Missing, Not Misappropriated

The Acting Managing Director of the Niger Delta Development Commission (NDDC), Prof. Kemebradikumo Pondei, on Thursday insisted that N40 billion was not missing from the commission’s account neither has it been misappropriated. Pondei, while addressing jo...

July 16, 2020 No Responses

Jaiz Bank Sets Aside N884m For Maiden Dividend

Shareholders of Jaiz Bank Plc are to receive a total of N884million dividend payment subjected to appropriate withholding tax. The Chairman of the Bank Alhaji Umaru Mutallab disclosed this at the 8th Annual General Meeting (AGM) of the bank held...

July 16, 2020 No Responses

Court Affirms FRSC’s Powers To Impound Vehicles, Enforce Traffic law

Justice Anwuli Chikere of the Federal High Court, Abuja, has affirmed the powers of the Federal Road Safety Corps (FRSC) to enforce traffic laws on all public roads in Nigeria and impound violators’ vehicles. Justice Chikere delivered the judgment ...

July 16, 2020 No Responses

MSC Ship Loses 20 Containers Off South Africa

Earlier this week, a containership operated by Swiss shipping major Mediterranean Shipping Company (MSC) lost more than 20 containers overboard during stormy weather in Algoa Bay near the city of Port Elizabeth, Eastern Cape, the South African Maritime Safety ...

July 16, 2020 No Responses

NDDC Boss, Others Walk Out On Lawmakers

The acting Managing Director of the Niger Delta Development Company (NDDC) Prof. Kemebradikumo Pondei and his team on Thursday walked out on legislators investigating the alleged N40 billion irregular expenditure in the commission.Pondei stormed out of the hea...

July 16, 2020 No Responses

Volkswagen To Revamp Facility

Volkswagen AG and its Chinese joint venture partner SAIC Motor plan to invest 4.13 billion yuan ($590 million) to revamp their car plants in Shanghai to make new Audi sedans, according to a government document seen by Reuters.SAIC Volkswagen, the joint v...