City BusinessNews Archives — Page 194 of 325

May 20, 2020 No Responses

Nigeria Approves $454,000 For Seafarers’ Training

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved $454,000 for sea-time training for Nigerian Seafarers Development Programme organised by the Nigerian Maritime Administration and safety Agency (NIMASA). The Minister of Transportation, Mr Rotimi Amaechi,...

May 20, 2020 No Responses

FEC Approves N2.9b Fire Service Equipment For Odukpani Oil, Gas Park

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved N2.9billion for the provision of water and fire service equipment in the National Oil and Gas Park to be sited in Odukpani, Cross River State The...

May 20, 2020 No Responses

NSE Market Capitalisation Sustains Growth By N130b

Sentiments remained positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation growing by N130 billion due to gains by Dangote Cement. Specifically, the market capitalisation inched higher by N130 billion or 1.03 per cent to clo...

May 20, 2020 No Responses

Lagos Seaports To Receive 50 Ships With Petroleum Products, Food Items

Fifty ships laden with petroleum products, food items and other goods are expected at the TinCan Island Port and the Lagos Port Complex from May 20 to June 3. The Nigerian Ports Authority (NPA) in its publication, `Shipping Position’, explained...

May 20, 2020 No Responses

Emefiele Woos Conglomerates To Help Boost Economy

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged industrial conglomerates operating in the country to support efforts aimed at growing the Nigerian economy. Emefiele gave the advice on Tuesday in a virtual meeting with the...

May 20, 2020 No Responses

Nigeria Records 226 New Coronavirus Cases

The Nigeria Centre for Disease Control (NCDC) on Tuesday recorded 226 new Coronavirus (COVID-19) cases, bringing the total figure to 6401. NCDC listed the states and the figures as follows: 131-Lagos25-Ogun15-Plateau1...

May 20, 2020 No Responses

Mitsubishi Motors Declares 89 Per Cent Drop In Profit

Mitsubishi Motors Corporation will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend.The coronavirus crisis has...

May 20, 2020 No Responses

Akwa Ibom Takes Delivery Of Fourth Aircraft

The Akwa Ibom government, on Tuesday, took delivery of the fourth aircraft in the fleet of Ibom Air.Speaking during the delivery of a Bombardier CRJ 900 aircraft, Gov. Udom Emmanuel said that the aircraft was still within warranty of planes...

May 20, 2020 No Responses

Cosco Shipping, Firm Seal LNG Deals

Chinese shipbuilder, Cosco Shipping Heavy Industry has signed LNG cooperation agreements with compatriot Hudong-Zhonghua Shipbuilding and France’s GTT. Under the deal with Hudong-Zhonghua signed on Tuesday, the two shipbuilders aim to join forces in the fiel...

May 19, 2020 No Responses

Stakeholders Task New SEC D-G On Capital Market Master Plan Implementation

Capital market operators on Tuesday advised Mr Lamido Yuguda, nominated as the Director-General, Securities and Exchange Commission (SEC), to prioritise investor protection and effective implementation of capital market master plan, if confirmed by the Senat...

May 19, 2020 No Responses

Nasarawa Begins Sales Of Fertilizer To Farmers

Nasarawa State Government on Tuesday began the sale of 18,600 bags of NPK fertilizer to farmers for the 2020 farming season. Speaking at the inauguration in Lafia, Governor Abdullahi Sule, said that the commodity would be sold at a subsidised...

May 19, 2020 No Responses

Interstate Movement: FRSC Turns Back 1,292 Vehicles

The Federal Road Safety Corps (FRSC), turned back 1,292 vehicles from Ogun and Lagos States’ boundaries in the last two weeks, while enforcing the Federal Government’s restrictions on interstate movements. Mr Samuel Obayemi, FRSC Zonal Commanding Officer i...

May 19, 2020 No Responses

Delta Port To Receive Nine Vessels

The Nigerian Ports Authority (NPA) on Tuesday disclosed that nine vessels are expected to arrive at the Delta Port, Warri, between May 19 and May 30. According to NPA’s daily publication, ‘Shipping Position,’ the ships were laden with Automotive Gasolin...

May 19, 2020 No Responses

Lufthansa To Ground 500 Aircraft

Lufthansa is bracing for hundreds of aircraft to remain grounded due to the coronavirus pandemic well into 2022 and that further job cuts at its maintenance and catering businesses were inevitable. The German airline is set to ground 500 of...