President of world football governing body, FIFA, Mr Gianni Infantino and the Secretary-General, Ms Fatma Samoura, will arrive in Nigeria on July 24 on a two-day working visit. This is contained in a statement on the website of the Nigeria…
Shipowners reject EU Ship Recycling Licences
The European Community Shipowners’ Associations (ECSA) and the International Chamber of Shipping (ICS), which represent over 80% of world merchant tonnage, have rejected the concept of the ship recycling license, developed by consultants for the European Commission. According to ECSA, if…
Shell, Keppel Offshore form LNG Bunkering JV
KS Investments Pte Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd, has entered into a shareholders agreement with Shell Eastern Petroleum, a part of Royal Dutch Shell, to form a joint venture company which will establish an LNG…
Auto dealers under scrutiny over alleged fraud
By Moses Ebosele The Federal Government through Nigeria Customs Service (NCS) has commenced full scale investigation to unravel the identities of automobile dealers responsible for alleged under-declaration at the nation’s seaports. Specifically, City BusinessNews gathered yesterday that the…
Chinese investment in Africa’s power sector hits $13b
By Moses Ebosele THE Chinese Government and its state-owned companies have invested not less than $13billion in the development of power sector in sub-Saharan Africa between 2010 and 2015. According to a new report put together by the International Energy…
NSE’s 123 equities remain unchanged as two trading sessions record 377.798 million shares
By Moses Ebosele One hundrend and twenty three equities remain unchanged last week as the Nigeria Stock Exchange (NSE) opened for two trading sessions. The stock market opened for two trading sessions as the Federal Government declaredTuesday 5th, Wednesday 6th…
Nigeria seeks partnership with IMO
By Moses Ebosele TO sustain development in the maritime sector, the Minister of Transportation, Chibuike Rotimi Amaechi has expressed Nigeria’s commitment to further partner the International Maritime Organisation (IMO). Speaking in London recently when he paid a courtesy visit to the…
Customs Zone ‘C’ command impounds 90 vehicles, 2,758 bags of rice, others
By Moses Ebosele Between January and June, this year, the Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), Zone ‘C’, Owerri, impounded 169 contrabands worth N1.3billion. Among the items include 90 vehicles; 2,758 bags of rice; 4,160 pieces…
Again, First Bank is Winner of Best Retail Bank in Nigeria
FOR the fifth time, First Bank of Nigeria Limited, has won “The Best Retail Bank in Nigeria Award”. At the 2016 Asian Banker Retail Services West African Awards held recently in Lagos, the foremst financial institution also won the “Mobile…
LCCI proposes dialogue session on economic integration in West Africa
The Lagos Chamber of Commerce and Industry (LCCI) has concluded plans to hold a dialogue session on challenges of economic integration in West Africa. According to LCCI, the proposed event is aimed at examining the current status of the sub-region’s…
Indian tanker captain gets IMO award for exceptional bravery at sea
Captain Radhika Menon, Master of the oil products tanker Sampurna Swarajya, is to receive the 2016 International Maritime Organisation (IMO) Award for Exceptional Bravery at Sea for her role in the dramatic rescue of seven fishermen from a sinking fishing…
Skye Bank to appear before stock exchange today
The new management of Skye Bank plc will today brief the Nigerian Stock Exchange (NSE) on the recent development at the Bank. The meeting scheduled to hold at 12:00noon is expected to dwell extensively on the remote and immediate factors…
Reps insist on compulsory listing of telecomms, oil & gas firms
The Speaker, House of Representatives, Mr Yakubu Dogara has reiterated the commitment of lawmakers to pass laws to compel multinational oil and gas companies as well as telecommunication firms doing business in Nigeria to list their shares on the floor…
Terminal Handling Charges begins at Cotonou, Togo ports
With effect from August 15, 2016, Ports in Cotonou, Benin Republic and Togo will begin implementation of Terminal Handling Charges (THC). In a notice sent to all stakeholders yesterday, Shipping firm, CMA CGM explained that THC will be applicable…