Business – Page 433 – City Business News

June 6, 2018 No Responses

Nigeria To Phase Out Non-Bio Degradable Plastics

The Nigerian Government through the Ministry of Environment, in collaboration with stakeholders, is to phase out non-bio degradable plastics. Speaking at the 2018 World Environment Day in Abuja, Vice President Yemi Osinbajo explained that the ministry was working in...

June 6, 2018 No Responses

CMA CGM Deploys Artificial Intelligence On Board Ships

French shipping company CMA CGM has teamed up with San Francisco-based startup Shone to embed artificial intelligence on board ships. Through the collaboration, launched at the beginning of the year, Shone is to access the company’s vessels to finalize th...

June 6, 2018 No Responses

NSE Photo News

L – R shows Favour Femi-Oyewole, Chief Information Security, The Nigerian Stock Exchange (NSE); Mrs Bilikiss Adebiyi Abiola, General Manager, Lagos State Parks and Gardens Agency (LASPARK); Tunji Kazeem, Head, Enterprise Risk Management, NSE; Mr. Desmond Maj...

June 5, 2018 No Responses

NIMASA Boss Seeks Geopolitical Peculiarities in Reviewing Labour Convention

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stressed the importance of human factors to successful shipping, stating that it is one of the most important elements in achieving competitive ed...

June 5, 2018 No Responses

CBN Approves Wider Margin For BDCs, Offers $100m To Wholesale Segment

The Central Bank of Nigeria (CBN) has approved an upward review of the trading margin available to operators of Bureau De Change (BDC) in the country. Consequently, BDC operators are now to buy the United States dollar from the CBN...

June 4, 2018 No Responses

Ibeto Cement Acquires 70 Per Cent Stake In Century Petroleum

IBETO Cement Company Limited has acquired 70 per cent stake in a United States (U.S.) publicly traded petroleum exploration and production company. Ibeto in a statement explained that the development has resulted in the reverse of merger of the...

June 4, 2018 No Responses

Again, Ethiopian Airline Wins Reliability Award

Ethiopian Airlines has emerged the winner of the 2017 Airline Reliability Performance Award, for the seventh year in a row, from Bombardier Aerospace. Mr. Tewolde Gebremariam, Group Chief Executive Officer (GCEO) of Ethiopian Airlines said the airline was plea...

June 4, 2018 No Responses

Photo News

The Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola; Minister of Federal Capital Territory, Alhaji Muhammad Musa Bello; Minister of Finance, Mrs. Kemi Adeosun; President of China Export Import Bank, Liu Liange; Nigerian Ambassador to China, A...

June 4, 2018 No Responses

IATA, AFRAA Seal MoU To Advance Aviation In Africa

The International Air Transport Association (IATA) and The African Airline Association (AFRAA) have signed a memorandum of understanding (MoU) to deepen their cooperation. The MoU was signed by Alexandre de Juniac, IATA’s Director General and AFRAA’s Sec...

June 3, 2018 No Responses

SINOPEC Gets Final LNG Carrier

Chinese shipbuilder Hudong-Zhonghua Shipbuilding delivered CESI Lianyungang, the final LNG carrier built for SINOPEC’s LNG project, on May 31. Ordered by the joint venture of Mitsui O.S.K. Lines (MOL), China COSCO Shipping Corporation Limited (CCSC) and...

June 3, 2018 No Responses

Conoil Explains N1.4B Dividend

Conoil Plc has proposed N1.4billion as dividend payout to its shareholders for its last financial year in the face of daunting economic challenges in the country. This translates to N2.00 on every 50 kobo ordinary share. It is in line...

June 2, 2018 No Responses

NLNG Pledges To Deliver Over 300 Cargoes Worldwide

Nigeria LNG Limited is taking major steps at sustaining its reputation as a safe, reliable and secure supplier of Liquefied Natural Gas (LNG) and Natural Gas Liquids (Condensate and LPG) worldwide. Managing Director and Chief Executive Officer of the Company...

June 2, 2018 No Responses

NPA Seeks Osinbajo’s Intervention Over Govt Agencies Non-Compliance With Ease Of Doing Business At Seaport

Worried by the alleged level of non-compliance by some Government Agencies to the Presidential Order on the Ease of Doing Business at the Nation’s Seaports, Managing Director, Nigerian Ports Authority (NPA) Hadiza Bala Usman has threatened to seek the interv...

June 2, 2018 No Responses

Investors Stake N70.2B On Stanbic IBTC, Access Bank, Zenith Bank In Four Days

For the week ended June 1, 2018, transactions in Stanbic IBTC Holdings Plc, Access Bank Plc and Zenith Bank International Plc (measured by volume) accounted for 1.626 billion shares worth N70.285 billion in 2,882 deals, contributing 60.23% and 82.91% to...