CMA CGM Secures $1.1b Loan

CMA CGM Secures $1.1b Loan

French container shipping major, CMA CGM has secured a €1.05 billion ($1.1. billion) syndicated loan. According to the company, the loan will be arranged by a consortium of banks BNP Paribas, HSBC France and Société Générale and it would be 70%...
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Sanwo-Olu Lauds Gambari’s Appointment As Buhari’s CoS

Sanwo-Olu Lauds Gambari’s Appointment As Buhari’s CoS

Lagos State Governor, Babajide Sanwo-Olu has hailed the appointment of Prof. Ibrahim Gambari as the Chief of Staff to President Muhammadu Buhari. Sanwo-Olu, in a statement signed by his Chief Press Secretary, Mr Gboyega Akosile, on Wednesday, congratulated Gam...
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Dangote Cement Donates 35 Vehicles To Lagos state

Dangote Cement Donates 35 Vehicles To Lagos state

Dangote Cement Plc has donated 35 operational vehicles to the Lagos State Government to improve security within the Lagos metropolis in order to ensure an investor-friendly environment. Mr Emmauel Ikhazobor, Non-Executive Director, Dangote Cement, presented th...
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Market Capitalisation Loses N133b

Market Capitalisation Loses N133b

The key performance indices of the Nigerian Stock Exchange (NSE) dropped further on Tuesday by 1.06 per cent amid profit-taking in some blue chips. Consequently, the market capitalisation lost N133 billion to close at N12.349 trillion against N12.482 trillion ...
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Group Seeks Quarantine Exception For 200,000  Seafarers, Maritime Workers

Group Seeks Quarantine Exception For 200,000 Seafarers, Maritime Workers

The UK Chamber of Shipping — the voice of the country’s shipping industry — has urged the UK government to exempt seafarers and maritime workers from any quarantine restrictions planned to be imposed. The trade association has also called on the...
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SAHCO Takes Over British Airways Ground Handling Contract

SAHCO Takes Over British Airways Ground Handling Contract

A subsidiary of SIFAX Group, Skyway Aviation Handling Company (SAHCO) PLC, has taken over the ground handling services of British Airways.  Under this development, SAHCO PLC will be providing Passenger and Ramp Handling services to British Airways at the ...
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COSCO, Firm Complete Trial Of 5G Smart Seaports

COSCO, Firm Complete Trial Of 5G Smart Seaports

An automated driverless truck for containers on Monday delivered containers to load a containership and collected unloaded containers from the vessel at the Port of Xiamen, passing a trial run as part of a project aimed at developing 5G smart...
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FRSC Arrests 396 Vehicles Over Social Distancing Violation

FRSC Arrests 396 Vehicles Over Social Distancing Violation

The Federal Road Safety Corps has arrested a total of 396 vehicles conveying over 2,422 passengers in the general operation area of its 12 Zonal Commands across the country, for indiscriminate violation of Presidential directives on physical distancing in vehi...
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Poultry Association Seeks Establishment Of Modular Hatcheries Across Nigeria

Poultry Association Seeks Establishment Of Modular Hatcheries Across Nigeria

The Poultry Association of Nigeria (PAN) has called on both Federal and State Governments to encourage big hatcheries to set up modular ones across the country. President of the association, Mr Ezekiel Ibrahim, made the call in an interview with...
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NCDMB Warns Against Illegal Deployment Of Expatriates In Oil, Gas Sector

NCDMB Warns Against Illegal Deployment Of Expatriates In Oil, Gas Sector

The Nigerian Content Development and Monitoring Board (NCDMB) is intensifying efforts to monitor and evaluate activities toward identifying operators involved in illegal deployment of expatriates in the oil and gas sector. The NCDMB, in a statement issued on i...
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Ecobank Holds Virtual Graduation Ceremony For Batch 7 Trainees

Ecobank Holds Virtual Graduation Ceremony For Batch 7 Trainees

Fifty-Seven trainees, who represent batch seven set of graduates being absorbed into Ecobank Nigeria as full time employees  were recently hosted to a virtual graduation ceremony by the Ecobank Academy as it positions itself as a high quality employer rea...
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Farmer Laments Egg Glut, Seeks Improved Value-Chain

Farmer Laments Egg Glut, Seeks Improved Value-Chain

A local poultry farmer, Mr Joel Oduware, has decried the growing level of egg glut in the country, attributing it to the novel coronavirus pandemic currently ravaging the world. Oduware, who is also an egg processor, raised the alarm in...
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Mazda Seeks $2.8b Loans

Mazda Seeks $2.8b Loans

 Mazda Motor Corporation has sought loans totalling about 300 billion yen ($2.8 billion) from Japan’s three megabanks and other lenders to ride out the coronavirus epidemic, a source with direct knowledge of the matter said on Saturday.The megabanks &#...
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Minister: Lagos, Abuja Isolation Centers Saturated By 600 Evacuees From Foreign Countries

Minister: Lagos, Abuja Isolation Centers Saturated By 600 Evacuees From Foreign Countries

The Minister of Foreign Affairs, Mr Geoffrey Onyeama, on Monday said over 600 evacuees from different countries are already at various isolation centres in Lagos and Abuja. Speaking at the Presidential Task Force on COVID-19 press briefing in Abuja, the...
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