Business – Page 336 – City Business News

July 22, 2018 No Responses

‘Consolidation Between Top Tier Carriers Unlikely’

The consolidation between top tier carriers such as French liner giant CMA CGM and its German counterpart Hapag-Lloyd is unlikely, according to Simon Heaney, Senior Manager for Container Research at Drewry. As explained by Heaney, the merger of carriers of such...

July 21, 2018 No Responses

Investors Stake N4.2B On Zenith Bank, Medview Airline, Sterling Bank In Five Days

By ebosele@hotmail.com – For the week ended July 20th, 2018, investors on the floor of Nigeria Stock Exchange (NSE) staked N4.209 Billion on the shares of Sterling Bank Plc, Medview Airline Plc and Zenith International Bank Plc. Transactions in the...

July 21, 2018 No Responses

NSE Admits N10.69B FGN Green Bond, Implores Nigerians On $3trn Infrastructure Deficit

The Nigerian Stock Exchange (NSE) said on Friday that the 3 trillion dollars required to provide infrastructure for the next 25 years could be addressed with Green Bond issuance. Mr Oscar Onyema, NSE Chief Executive Officer, stated this at...

July 21, 2018 No Responses

NPA Hosts International Maritime Conference

The Nigerian Ports Authority would be hosting the International Association of Ports and Harbours (IAPH) Africa Regional Conference in Abuja, Nigeria between 17 – 19 September, 2018. According to information obtained from the Local Organising Commi...

July 21, 2018 No Responses

Shell To Sell $2B Nigeria Oil Assets

The Anglo-Dutch oil major is discussing selling oil mining licenses 11 and 17 to Heirs Holdings Ltd., a company run by Nigerian tycoon Tony Elumelu, the people said. Included in the sale are infrastructure assets such as a natural gas-fired...

July 21, 2018 No Responses

Okonjo-Iweala Joins Twitter’s Board

Nigeria’s former finance minister Ngozi Okonjo-Iweala has been appointed to the board of directors of Twitter. Mrs Okonjo-Iweala served under President Olusegun Obasanjo from 2003 to 2006 and President Goodluck Jonathan from 2011 to 2015. She tweeted the new...

July 20, 2018 No Responses

Total MD Faces Arrest Over $1B Pipeline Contract

The Senate Committee on Gas, investigating $1billion pipeline contract, has threatened to issue warrant of arrest on Managing Directors, Total and Saipem, if they fail to appear in person on Tuesday. The Chairman of the committee, Senator Basset Akpan, gav...

July 20, 2018 No Responses

Airlines Seek Level Playing Field For Private Operators, Nigeria Air

Some domestic airline operators on Thursday urged the Federal Government to ensure a level playing field for them and the new national carrier. The airlines spoke at the 22nd Annual Seminar and Award of the League of Airports and Aviation...

July 20, 2018 No Responses

More Winners Emerge In Diamondxtra Season 10

More winners have emerged in the DiamondXtra Season 10 scheme as the Bank recently unveiled 1,016 winners in the second quarterly draw held at its Asa – Afariogun, Ajao Estate, Lagos branch. Addressing journalists after the draw, Osita Ede,...

July 20, 2018 No Responses

Kia Niro EV Crossover Debuts

The new Kia Niro EV is now on sale in Korea, combining an all-electric, zero-emissions powertrain with crossover practicality, intelligent packaging and eye-catching design. A long-distance driving range of up to 385 kilometers makes it one of the most capable...

July 20, 2018 No Responses

Firm Ships 1st LNG Cargo To China

Russian gas company PAO Novatek has shipped its first cargoes of liquefied natural gas (LNG) from the Yamal LNG project to China via the Northern Sea Route. To commemorate the occasion, the arrival of LNG carriers Vladimir Rusanov and Eduard...

July 19, 2018 No Responses

GTBank, Okomu Oil, FBN Holdings, Oando, Others Sustain Sliding Profile

More firms on the floor of Nigeria Stock Exchange (NSE) sustained sliding profile on Wednesday as Bears maintained dominance for the third consecutive trading days. At the end of the day’s trading, the All-Share Index lost 215.52 points or 0.58...

July 19, 2018 No Responses

NPA Boss Seeks Improved Intermodal Freight Transport, Logistics Value Chain

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman has said that a lot still needs to be done “particularly in synergising efforts and fine-tuning grey areas” in order to ensure continuous improvement in the nation’s inter modal fre...

July 19, 2018 No Responses

Excitement, Celebration As Ethiopia-Eritrea Commercial Flight Takes Off After 20 Years

The first commercial flight from Ethiopia to Eritrea in 20 years took off early on Wednesday, sealing a stunning reconciliation between the former enemies a week after they ended their military standoff. More than 400 passengers boarded two Ethiopian Airline...