Business – Page 434 – City Business News

June 2, 2018 No Responses

ILO Seeks Renewed Spirit Of Tripartism

The Director-General of the International Labour Organization, Guy Ryder, warned of ‘heightened tension in the world’ as he addressed the opening of the 107th session of the International Labour Conference (ILC). He urged delegates to show “the spirit of...

June 1, 2018 No Responses

Oscar Onyema: My Strategic Agenda As ASEA President Is To Build Capacity

The Chief Executive Officer of Nigeria Stock Exchange (NSE) and President of African Securities Exchanges Association (ASEA), Oscar Onyema has identified capacity building as key component of his administration. In a chat with the World Federation of Exch...

June 1, 2018 No Responses

Airlines Threaten To Stop VAT Remittance In Nigeria

Indigenous airlines operating in the Nigerian aviation industry have threatened to from June 14, 2018 stop remittance of Value Added Tax (VAT) to the coffers of the Federal Government, saying that the continuous collection of such tax negated the principle...

June 1, 2018 No Responses

Study Seeks Support For Methanol As Sustainable Marine Fuel

In anticipation of the entrance into force of IMO’s 2020 sulphur cap, methanol is gaining ever greater support as an environmentally-friendly marine fuel. According to the latest findings of the Sustainable Marine Methanol (SUMMETH) project, there are no obs...

June 1, 2018 No Responses

NSE, London Stock Exchange To Host Dual Listing Conference In Lagos

The Nigerian Stock Exchange (NSE), in partnership with London Stock Exchange Group (LSEG) will host the 5th edition of the NSE-LSE Dual Listing Conference on Friday, June 1, 2018, at Wheathbaker Hotel, Ikoyi, Lagos, Nigeria. This year’s conference themed, ...

June 1, 2018 No Responses

Experts Highlight Role Of Exchanges In Preserving Market Integrity

The World Federation of Exchanges (WFE) panel on Thursday at a special meeting in London focused on the role of its members in preserving market integrity. According to WFE, the ongoing debate will focus on the key themes in...

May 31, 2018 No Responses

CBN Sustains FOREX Market Intervention With $210M

The Central Bank of Nigeria (CBN), on Wednesday, May 30, 2018, again sustained its supply in the inter-bank Foreign Exchange market with the sum of $210 million The Bank offered the sum of $100 million to authorized dealers in the...

May 31, 2018 No Responses

COSCO Takes Delivery of Third 20,000 TEU

Chinese container shipping major COSCO Shipping Corporation has taken delivery of its fifth 20,000 TEU containership, COSCO Shipping Virgo. Built by Shanghai Waigaoqiao Shipbuilding, the ship is 399.8 meters long and 58.6 meters wide. It boasts a deck area equ...

May 30, 2018 No Responses

GAC Secures Agency Deal

Japanese container shipping company Ocean Network Express (ONE) has awarded GAC the agency contract to handle all its vessel calls in Australia covering the ports of Sydney, Melbourne, Brisbane, Adelaide and Fremantle. Under the agreement, GAC Australia will p...

May 30, 2018 No Responses

Minister: Minimum Wage May Not Materialise In September

The Minister of Labour and Employment, Sen. Chris Ngige has said that the new national minimum wage may not materialise in September as earlier envisaged. Ngige, who disclosed this to newsmen on Tuesday at his residence in Abuja, said that...

May 30, 2018 No Responses

Aero Contractors’ Maintenance Facility To Save $90m Capital Flight

President Muhammadu Buhari has disclosed that the new Maintenance Repair and Overhaul (MRO) facility of Aero Contractors with capacity for aircraft C-checks and other comprehensive levels of maintenance established in Lagos would save the country an estimated ...

May 29, 2018 No Responses

NLC Seeks Accountability, Transparency As Nigerians Mark 18 Years Of Democracy

As Nigerians mark 18th years of democracy, the Nigeria Labour Congress (NLC) has called for more accountability from all those who occupy leadership positions especially Governors. In a statement, NLC President, Ayuba Wabba explained that 2018 Democracy Day...

May 29, 2018 No Responses

Emefiele Inspects Dollar Sales In Abuja

Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), on Monday paid an unannounced visit to First Bank, UBA and Zenith banks offices in Abuja to inspect sales of foreign currencies to customers. He said that the visit was...

May 29, 2018 No Responses

CMA CGM Acquires Second 20,000 TEU Boxship

French container shipping company, CMA CGM has added to its fleet a second 20,600 TEU containership. The delivery and naming ceremony for CMA CGM Jean Mermoz was held at Subic Bay Philippines yard on May 25. Featuring a length of...