Business Archives — Page 521 of 522

July 11, 2016 No Responses

Nigeria seeks partnership with IMO

By Moses Ebosele TO sustain development in the maritime sector, the Minister of Transportation, Chibuike Rotimi Amaechi has expressed Nigeria’s commitment to further partner the International Maritime Organisation (IMO). Speaking in London recently when he paid a courtesy visit to the...

July 9, 2016 No Responses

Again, First Bank is Winner of Best Retail Bank in Nigeria

FOR the fifth time, First Bank of Nigeria Limited, has won “The Best Retail Bank in Nigeria Award”. At the 2016 Asian Banker Retail Services West African Awards held recently in Lagos, the foremst financial institution also won the “Mobile...

July 9, 2016 No Responses

LCCI proposes dialogue session on economic integration in West Africa

The Lagos Chamber of Commerce and Industry (LCCI) has concluded plans to hold a dialogue session on challenges of economic integration in West Africa. According to LCCI, the proposed event is aimed at examining the current status of the sub-region’s...

July 9, 2016 No Responses

Indian tanker captain gets IMO award for exceptional bravery at sea

Captain Radhika Menon, Master of the oil products tanker Sampurna Swarajya, is to receive the 2016 International Maritime Organisation (IMO) Award for Exceptional Bravery at Sea for her role in the dramatic rescue of seven fishermen from a sinking fishing...

July 8, 2016 No Responses

Skye Bank to appear before stock exchange today

The new management of Skye Bank plc will today brief the Nigerian Stock Exchange (NSE) on the recent development at the Bank. The meeting scheduled to hold at 12:00noon is expected to dwell extensively on the remote and immediate factors...

July 8, 2016 No Responses

Reps insist on compulsory listing of telecomms, oil & gas firms

The Speaker, House of Representatives, Mr Yakubu Dogara has reiterated the commitment of lawmakers to pass laws to compel multinational oil and gas companies as well as telecommunication firms doing business in Nigeria to list their shares on the floor...

July 8, 2016 No Responses

Terminal Handling Charges begins at Cotonou, Togo ports

With effect from August 15, 2016, Ports in Cotonou, Benin Republic and Togo will begin implementation of Terminal Handling Charges (THC). In a notice sent to all stakeholders yesterday, Shipping firm, CMA CGM explained that THC will be applicable...

July 8, 2016 No Responses

Oil workers divided as strike begins

Members of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have commenced nationwide strike to push for the implementation of their demands. However, the South West Chairman of the Nigeria Union of Petroleum and Natural Gas Work...

July 8, 2016 No Responses

Qatargas unveils agreement with Global Energy Infrastructure

Qatargas, the World’s Premier LNG Company, has announced a long-term Sale and Purchase Agreement (SPA) with Global Energy Infrastructure Limited (GEIL). Under the terms of the agreement, Qatargas will supply 1.3 million tonnes per annum of Liquefied Natural ...

July 7, 2016 No Responses

No bank is in distress, says CBN

The Central Bank of Nigeria (CBN) has dismissed allegations in some quarters that certain banks in the country are in distress. In a statement, the apex bank described the allegation as unfounded, “malicious rumors and unfounded speculations,” addin...

July 7, 2016 No Responses

Skye Bank new MD pledges to harness employees’ expertise

The new Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Tokunbo Abiru, has pledged the commitment of the new management to harness expertise of employees and the reconstituted board as part of measures to take Skye Bank to...

July 5, 2016 No Responses

CBN removes Skye Bank Board, Management

THE Central Bank of Nigeria (CBN) has replaced the Board and management of Skye Bank Plc. Addressing Journalists in Lagos, CBN Governor, Mr Godwin Emefiele said the Bank failed failed to meet the regulator’s minimum key liquidity and capital adequacy...

July 5, 2016 No Responses

25 ships expected in Lagos Ports

Twenty five ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos State. According to the Nigerian Ports Authority (NPA), the expected ships contained buck wheat, bulk sugar,...

July 4, 2016 No Responses

Partnership with maritime nations key to economic growth, says NIMASA DG

COLLABORATION with various stakeholders across the globe is fundamental to unlocking the maritime opportunities in Nigeria, Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside has said Welcoming the Acting Chinese Co...