Business Archives — Page 539 of 539

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...

July 4, 2016 No Responses

Oando explains ‘facts behind the figures’

Top management staff of Oando Plc will today, July 4th, 2016 address Capital Market Stakeholders ‘with a Facts Behind the Figures Presentation and also sound the Closing Gong’. A team from City BusinessNews will be on ground to provide our...

July 2, 2016 No Responses

Haastrup seeks support for ADR mechanism

THE Chairman of Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has commended the use of arbitration, mediation and other forms of Alternative Dispute Resolution (ADR) in settling commercial disputes in the maritime industry...

July 2, 2016 No Responses

FRSC explains alternative routes along Lagos-Ibadan expressway

THE Lagos Sector Command of Federal Road Safety Corps (FRSC) has advised motorist who intend plying the Lagos-Ibadan Expressway between 1st to 3rd July, 2016 to either move early or take alternative routes to avoid being trapped in traffic along...