Business – Page 391 – City Business News

October 11, 2018 No Responses

IMF To Nigeria: Increase Non-Oil Revenue

Nigeria should explore ways of increasing revenue outside its traditional base of oil proceeds, the International Monetary Fund (IMF) has said. Speaking during a press briefing at the on-going 2018 IMF/World Bank Meetings in Bali, Indonesia, IMF’s Deputy Director, Fiscal...

October 10, 2018 No Responses

Nigeria Rallies Support For SIFAX Group’s Multi-Million Dollar Inland Container Depot In Gambia

Ambassador Oluwasegun Ibidapo-Obe, the Nigerian High-Commissioner to Gambia, has commended SIFAX Group for its planned multi-million dollar investment plan in The Gambia. The company recently signed an agreement with the government of The Gambia to build a...

October 10, 2018 No Responses

Innovation In Energy Storage Wins NLNG’s $100,000 Science Prize

The Advisory Board of the Nigeria Prize for Science today announced“Nanostructured metal hydrides for the storage of electric power from renewable energy sources and for explosion prevention in high voltage power transformers”, a work by Dr. Peter Ngeneas ...

October 10, 2018 No Responses

Tony Elumelu Foundation, GIZ, To Empower Young Entrepreneurs In East, West Africa

The Tony Elumelu Foundation (TEF), Africa’s leading entrepreneurship philanthropy, is partnering with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the German Government’s Agency for International Cooperation. GIZ will support the...

October 10, 2018 No Responses

NSE Photo News

L – R shows Mark Bohlund, Africa Economist, Bloomberg Economics (BE); Mr. Victor Etuokwu, Executive Director, Access Bank Plc; Oladele Afolabi, Director, Portfolio Management, Debt Management Office; Titi Odunfa Adeoye, Chief Executive Officer, Sankore Inves...

October 9, 2018 No Responses

Mercedes-Benz Delivers 202,819 Vehicles In September

For the Month of September, 2018, Mercedes-Benz sold 202,819 vehicles worldwide. In the third quarter of 2018, 526,255 vehicles with the three-pointed star were delivered to customers (-8.2%). With more than 200,000 units sold last month, sales in September...

October 9, 2018 No Responses

Nigeria Commits N1.7 Trillion To Capital Investment

Vice President Yemi Osinbajo says the Federal Government has spent N1.7 trillion in capital investment in two budget years. Osinbajo disclosed this while addressing participants at the 9th Presidential Quarterly Business Forum held at the State House Banquet H...

October 9, 2018 No Responses

Finance Ministers Explore New Strategies To Tackle Disaster Risk

Finance ministers from the 53 member countries of the Commonwealth will meet in the margins of the International Monetary Fund (IMF) and World Bank annual meetings this week in Bali, Indonesia, to discuss financing solutions to help counter the risk...

October 9, 2018 No Responses

Jaguar Land Rover To Shutdown Plant As Demand Drops

Jaguar Land Rover (JLR) is planning a two week shutdown of its Solihull plant at the end of October. Britain’s biggest carmaker blamed weakening global demand, especially in China, and has faced falling diesel sales in recent months. JLR said...

October 9, 2018 No Responses

Osunbor Heads APC National Appeal Committee

Mr Adams Oshiomhole, the APC National Chairman has inaugurated the party’s National Appeal Committee for its recently conducted presidential, governorship and legislative primary elections. Mr Yekini Nabena, the APC acting National Publicity Secretary made...

October 9, 2018 No Responses

ICTSI To Upgrade Terminal

International Container Terminal Services, Inc. (ICTSI) has received a nod from the Philippine Ports Authority (PPA) to further expand its Manila flagship terminal. The capacity improvements at the company’s Manila International Container Terminal (MICT)...

October 8, 2018 No Responses

Sterling Bank Intensifies Debt Recovery Drive

Sterling Bank Plc has said it would always adopt amicable resolution or when necessary, drastic legal actions to achieve debt recovery outcomes. According to the Bank, such strategies include restructuring for accelerated payoffs and possible foreclosure or...

October 8, 2018 No Responses

Firm Seals $75.9m LNG Carriers Deal

Keppel Offshore & Marine (Keppel O&M) has signed two additional contracts with Stolt-Nielsen Limited, following the exercise of options to build two additional small-scale LNG carriers. The deal, signed through the companies’ subsidiaries Keppel Sin...

October 8, 2018 No Responses

Atiku Lauds Fellow Contestants

The PDP 2019 Presidential flag-bearer, Atiku Abubakar has commended his fellow contestants for the display of unity and commitment during the convention. He made the remark while speaking at the convention after scoring 1, 532 votes out of the 3221...