Business – Page 447 – City Business News

May 1, 2018 No Responses

COSCO Shipping Records 33 Per Cent Drop In QI Profit

Shanghai-listed COSCO Shipping Holdings saw its profit plunge by 33 percent in the first quarter ended March 31, 2018. The company’s net profit dropped to CNY 180.8 million (USD 28.4 million) in the period, from CNY 270.1 million (USD 42.5 million)...

May 1, 2018 No Responses

Minister Seeks MDAs’ Cooperation For Tourism Development

The Minister of Information and Culture, Alhaji Lai Mohammed, has called for cooperation among the various Ministries, Departments and Agencies (MDAs) in the generation of relevant data that will assist inmaking policies and planning decisions for the develo...

May 1, 2018 No Responses

Labour Day: Saraki Pledges To Mobilise Lawmakers For Improved Welfare For Workers

President of the Senate, Bukola Saraki, on Monday saluted the resilience, dedication and contributions of Nigeria workers to national development pledging to mobilize the National Assembly for improved welfare for Nigerian workers. Saraki in a statement by...

May 1, 2018 No Responses

Trump, Buhari Deflect Controversial Question

United States President Donald Trump’s reported disparaging of African countries did not come up in his talks with Nigeria’s president, the two leaders have said. Muhammadu Buhari sidestepped a reporter’s question about Mr Trump’s alleg...

May 1, 2018 No Responses

Arik Air Debuts At Bauchi Airport May 9

Plans have reached an advanced stage by Arik Air to commence flight operations from its base at the Murtala Muhammed Airport (MMA), Lagos to Bauchi Airport. The airline in a statement by Mr. Banji Ola, its spokesman said that the...

May 1, 2018 No Responses

Ports & Cargo Appoints Denrick Moos Managing Director

Ports & Cargo Handling Services Limited, concessionaire and operator of Terminal C, Tin Can Island Port, Lagos, and subsidiary of SIFAX Group, has appointed Mr. Denrick Moos as its new Managing Director. Moos is a Masters degree holder in Maritime...

May 1, 2018 No Responses

Panasonic To Pay $280m Corruption Fine

Japanese electronics giant Panasonic has agreed to pay more than $280m (£203m) to resolve charges brought under US anti-corruption law. The US said the firm’s in-flight entertainment division hired consultants for “improper” purposes and con...

May 1, 2018 No Responses

Customs Generates N11.6b In Q1 At Lagos Airport, Impounds Military Camouflage, others

The Nigeria Customs Service (NCS), Murtala Muhammed International Airport (MMIA), Lagos Command earned N11.6b in the first quarter of 2018. This is as the command also made several seizures including military camouflage uniforms, bullet proof jackets, militar...

April 30, 2018 No Responses

LNG Bunkering Hub Underway For Shipping Firms

In the light of efforts to decarbonise maritime transport, the Japanese government expects LNG to become a significant fuel for shipping and is positioning Japan as a hub for ships to bunker LNG. A new report by the International Transport...

April 30, 2018 No Responses

Honda, Mazda issue profit warnings

Two Japanese automakers, including Honda Motor, issued profit warnings for the current financial year on worries a stronger yen would erode their operating earnings, wiping out the impact of record high global vehicle sales. The outlook highlights fears of....

April 30, 2018 No Responses

First Bank Implores Youth On Wealth Initiatives

The Chairman, Board of Directors, First Bank of Nigeria, Mrs. Ibukun Awosika has implored youth in Edo State to embrace job and wealth creation initiatives. Addressing participants at a two-day workshop organised by the Edo State Government in partnershi...

April 30, 2018 No Responses

COSCHARIS Motors To Unveil All New Ford Escape At 2018 Lagos Auto Fair

Foremost firm, Coscharis Motors Plc has concluded plans to unveil the all new Ford Escape at the 2018 Lagos Auto Fair scheduled to hold from 7 to 12 of May, 2018 at the Federal Palace Hotel, Lagos. Coscharis explained on...

April 30, 2018 No Responses

ICAN Honours Adeosun, Fowler, Others At Merit Award Night

The the Institute of Chartered Accountants of Nigeria (ICAN) on Saturday night honoured the Minister of Finance, Mrs. Kemi Adeosun and Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, with the 2018 Merit Award. The aw...

April 30, 2018 No Responses

Low Sulphur Fuel Best Solution For 2020 Sulphur Cap, Says Maersk CEO

Low sulphur fuel is the best way for the shipping industry to meet the International Maritime Organization’s (IMO) sulphur cap, set to enter into force in 2020, CEO of industry major A.P.Moller Maersk, Soren Skou, said at Singapore Maritime Week 2018....