yetty, Author at City Business News

May 21, 2020 No Responses

FG Tasks NPA Board On Trade Facilitation

The Minister of Transportation, Rotimi Amaechi, has charged the newly inaugurated board members of the Nigeria Ports Authority (NPA) to improve on trade facilitation and sea port management in the country. Amaechi gave the charge at the inauguration of members...

May 21, 2020 No Responses

Adeduntan: FirstBank Will Maximise COVID-19 Induced Opportunities

First Bank of Nigeria Limited has assured its stakeholders that it will optimally maximise the opportunities from the disruptions occasioned by the Coronavirus (COVID-19) pandemic on the economy to their advantage. Dr Adesola Adeduntan, FirstBank Chief Executi...

May 21, 2020 No Responses

Buhari Signs Executive Order On Voluntary Overseas Asset Declaration

President Muhammadu Buhari has signed the 2018 Amended Executive Order 008 on Voluntary Offshore Assets Regularization Scheme (VOARS). Dr Umar Gwandu, Special Assistant to the Attorney General of the Federation and Minister of Justice on Media and Public Relat...

May 21, 2020 No Responses

Minister To NIMASA Board: Complete Deep Blue Sea Project

The Minister of Transportation, Mr Rotimi Amaechi, has charged the newly inaugurated board of the Nigerian Maritime Administration and Safety Agency (NIMASA) to ensure speedy completion of the deep blue sea project. Amaechi, while inaugurating members of the b...

May 21, 2020 No Responses

Opinion: Dealing With Deadly Concoction Of Disease And Disaster

By Patricia Scotland, Commonwealth Secretary-General Today in India and Bangladesh, millions of people are hunkered down in shelters, many with masks on their faces – a chilling reminder of the COVID-19 outbreak that still grips the densely populated c...

May 21, 2020 No Responses

NIMASA Explains Preliminary Investigation On Wellhead Fire

By citybusinessnews@yahoo.com The Nigerian Maritime Administration and Safety Agency (NIMASA) has sent an investigative team to unravel the circumstances surrounding fire incident at a wellhead offshore, Ondo State. The incident involved a barge bel...

May 21, 2020 No Responses

Market Capitalisation Extends Growth By N158b

Transactions on the Nigerian Stock Exchange (NSE) remained upbeat on Thursday for four consecutive days, with the key performance indicators improving further by 1.25 per cent. Consequently, the All-Share Index which opened at 24,452.23 rose by 306.16 points o...

May 21, 2020 No Responses

Shareholders Laud Sterling Bank’s 2019 Financial Performance

Shareholders of Sterling Bank Plc, Nigeria’s leading commercial bank have commended its financial performance and dividend payout for the financial year ended December 31, 2019. They gave the commendation at the 58th Annual General Meeting (AGM) of the b...

May 20, 2020 No Responses

Nigeria Approves $454,000 For Seafarers’ Training

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved $454,000 for sea-time training for Nigerian Seafarers Development Programme organised by the Nigerian Maritime Administration and safety Agency (NIMASA). &nbs...

May 20, 2020 No Responses

FEC Approves N2.9b Fire Service Equipment For Odukpani Oil, Gas Park

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved N2.9billion for the provision of water and fire service equipment in the National Oil and Gas Park to be sited in Odukpani, Cross River State The...

May 20, 2020 No Responses

NSE Market Capitalisation Sustains Growth By N130b

Sentiments remained positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation growing by N130 billion due to gains by Dangote Cement. Specifically, the market capitalisation inched higher by N130 billion or 1.03 per cent to clo...

May 20, 2020 No Responses

Lagos Seaports To Receive 50 Ships With Petroleum Products, Food Items

Fifty ships laden with petroleum products, food items and other goods are expected at the TinCan Island Port and the Lagos Port Complex from May 20 to June 3. The Nigerian Ports Authority (NPA) in its publication, `Shipping Position’, explained...

May 19, 2020 No Responses

Stakeholders Task New SEC D-G On Capital Market Master Plan Implementation

Capital market operators on Tuesday advised Mr Lamido Yuguda, nominated as the Director-General, Securities and Exchange Commission (SEC), to prioritise investor protection and effective implementation of capital market master plan, if confirmed by the Senat...

May 19, 2020 No Responses

Senate Begins Amendment Of Nigeria’s Local Content Law

The Senate has commenced amendment of the Nigerian Oil and Gas Industry Content Development Act 2010, following the consideration of a bill seeking to boost local content and strengthen the nation’s economy. The Nigerian Oil and Gas Industry Content&nbs...