Business – Page 475 – City Business News

February 6, 2018 No Responses

NPA to sanction terminal operators over huge debt

The Nigerian Ports Authority (NPA) is to withdraw its services from some terminal operators over unspecified huge debt. Reviewing NPA’s 2017 activities, Managing Director, Hadiza Bala Usman said efforts are ongoing to compel the terminal operators to settle their...

February 6, 2018 No Responses

Buhari signs Air Services Agreements with China, Qatar, Singapore, Others

President Muhammadu Buhari on Monday in Abuja signed the Instruments of Ratification of the Bilateral Air Services Agreements between Nigeria and Algeria; Congo; the People’s Republic of China; Qatar and Singapore. Malam Garba Shehu, the President’s Seni...

February 6, 2018 No Responses

CBN injects $210m into foreign exchange market

Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various segments of the market. Giving a breakdown of the amount, the acting Director, Corporate...

February 5, 2018 No Responses

Total to sell 25% stake to Qatar Petroleum

French oil and gas group, Total, has agreed to sell a 25 per cent stake in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum, in a deal which Total said would strengthen its ties with the Qatari group....

February 5, 2018 No Responses

Minister: Military rescues 30,000 women, children from Boko Haram in two years

Minister of Defence, Mansur Dan-Ali, on Monday said that no fewer than 30,000 women and children have been rescued from Boko Haram by the troops of operation Lafiya Dole in Sambisa Forest in the last two years. Speaking during a...

February 5, 2018 No Responses

LNG Carrier, Pan Americas handed over to owner

The liquefied natural gas (LNG) carrier Pan Americas, the second one constructed for the Queensland Curtis LNG Project, has been handed over to its owners. Jointly owned by Teekay LNG Partners, China LNG Shipping International, and China’s CNOOC Limited,...

February 5, 2018 No Responses

Samsung heir freed from jail

Samsung heir Lee Jae-yong has been freed from jail after a South Korean court suspended his five year jail term for bribing the country’s ex-president. Seoul High Court upheld parts of the conviction, but used its discretion to release the...

February 5, 2018 No Responses

Lassa Fever: Edo to install two dialysis, x-ray machines, ventilators, others

In a proactive response to the outbreak of Lassa Fever in Edo State, the state government has commenced the installation of two dialysis machines, ventilators, x-ray machine, and has procured Personal Protective Equipment (PPE), drugs and other consumables req...

February 5, 2018 No Responses

NPA Photo News

The Executive Director, Finance and Administration of Nigerian Ports Authority (NPA), Mohammed Bello-Koko (right), the Executive Director, Marine and Operations, Dr. Sokonte Hutins Davies (2nd from right), the Retired Managing Director of Lagos Channel Managem...

February 5, 2018 No Responses

NPA exceeds N286b revenue target for 2017, generates N299b

For the financial year ended December 31, 2017, the Nigerian Ports Authority (NPA) generated N299billion. The Authority had at the beginning of 2017 set for itself revenue target of N286billion. Speaking at the weekend, Managing Director of NPA, Hadizat.....

February 5, 2018 No Responses

IBB denies asking Buhari not to re-contest

Former military ruler, Gen. Ibrahim Babangida, has denied reports that he has called on President Muhammadu Buhari not to re-contest in 2019. A statement by the former military President, described the statement as “the personal views of the writer”. Baban...

February 5, 2018 No Responses

NRC to hold retreat on 2018 agenda

Mr Fidet Okhiria, the Managing Director, Nigerian Railway Corporation (NRC), on Sunday said the Corporation would be holding a retreat to set agenda for 2018. Okhiria told the News Agency of Nigeria (NAN) in Abuja that the retreat would hold...

February 4, 2018 No Responses

Covenant University defeats UNILAG, OAU, others in research competition

Covenant University has emerged the first place winner in Nigeria’s stage of global CFA Institute Research competition. Covenant University beat University of Lagos and Obafemi Awolowo University which emerged second and third place winners, respectively, in...

February 4, 2018 No Responses

CMD organises 2,198 courses in 10 years

The Centre for Management Development (CMD) says it has organised no fewer than 2,198 programmes in 10 years to build the capacity of government officials in various management sector. CMD Director- General, Dr Kabir Usman, stated this in a document...