City BusinessNews Archives — Page 278 of 400

May 5, 2020 No Responses

NSE’s Market Capitalisation Recovers N375b

The capitalisation of the Nigerian Stock Exchange (NSE), rose by N375 billion in six hours of trading, amid price appreciation recorded by some blue chips. Specifically, the market capitalisation which opened at N12.033 trillion, rose by N375 billion or 3.12 per...

May 5, 2020 No Responses

ExxonMobil: Cylinder Lubrication Must Adapt To Multi-Fuel Reality

The impending acceleration of decarbonization efforts to meet the IMO’s 2050 targets is expected also to speed up the development of new more environmentally-friendly engine designs. Aside from the very low sulphur fuels, engines of the future are expected t...

May 5, 2020 No Responses

Tribute To Willie Anumudu

By Senator Victor Ndoma-Egba I first met Willie, whom we fondly called Pa Willie, through my late friend Dr. Ime Umana ( Imesco) in the mid 1980,s. He and Ime were partners in a new BMW franchise with offices in...

May 5, 2020 No Responses

SEC Nigeria To Investors: Explore Opportunities In Capital Market

As the Coronavirus pandemic continues to ravage the world and businesses and individuals suffer the effects, Nigerians have been urged to look to the capital market as an avenue to create wealth. This was stated by the Acting Director General...

May 5, 2020 No Responses

Seaport Gets New Stevedoring Firm

Marine Terminals Corporation (Ports America), Ceres Marine Terminals and SSA Atlantic LLC have formed a joint venture company to provide container terminal and stevedoring services in the Port of Charleston in South Carolina. The new joint venture, known as Ch...

May 5, 2020 No Responses

Nigeria Records 245 New Cases Of Coronavirus

The Nigeria Centre for Disease Control (NCDC) on Monday recorded 245 new cases of Coronavirus (COVID-19), bringing the total number of infections in Nigeria to 2802. The NCDC also said that six new patients have been confirmed dead to the...

May 5, 2020 No Responses

Nissan To Focus On US, Japan, China

Nissan Motor Co Ltd will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker. According to Reuters, the “operational performance plan&#...

May 4, 2020 No Responses

16 Seafarers Kidnapped In Lagos, Gabon

Over the past five days, a total of 16 seafarers were kidnapped by pirates off the coast of West Africa, marking a continuation of rampant pirate activity in the region. Ten mariners were kidnapped in an attack reported by Dryad...

May 4, 2020 No Responses

FRSC Boss Tasks Operatives On Partial Easing Of Lockdown

The Corps Marshal, Federal Road Safety Corps, Dr Boboye Oyeyemi has charged operatives of the Corps to eschew any form of compromise and carryout with all sense of responsibility and vigour the Presidential directives on partial easing of lockdown effective...

May 4, 2020 No Responses

Mutual Benefits Assurance Pays N399m Claims Amidst Lockdown

Mutual Benefits Assurance Plc on Monday said it had paid claims of over N399 million to customers across its businesses amidst COVID-19 lockdown. The company made the disclosure in Lagos in a statement by Ellen Offo, its Head of Corporate...

May 4, 2020 No Responses

Fidelity Bank Reassures Customers, Staff Of Safety As Shareholders Okay N5.79b Dividend

Fidelity Bank says it will continue to take measures that will ensure the safety of customers, staff and other stakeholders during the period of COVID-19. The bank, in a statement on Monday, said its Chairman, Mr Ernest Ebi, gave the...

May 4, 2020 No Responses

Ecobank Pledges Improved Customer Satisfaction

Group Chief Executive Officer of Ecobank Bank Transnational Incorporated, Mr. Ade Ayeyemi, has said the focus of the bank is on making sure that it meets the needs of customers despite the pandemic, while also ensuring their wellbeing and safety...

May 4, 2020 No Responses

Shell: Dead Fishes Along Niger Delta Coastline Not Related To Our Operations

The Shell Petroleum Development Company (SPDC) said on Monday that the dead fishes floating the Niger Delta coastline had nothing to do with its operations. Residents along the Atlantic coastline in Delta, Bayelsa, Rivers and Akwa Ibom have reported massive...

May 4, 2020 No Responses

Driver Bags Death Sentence For Murder In First Virtual Court Sitting In Lagos

Justice Mojisola Dada of an Ikeja High Court has sentenced a driver, Olalekan Hameed, to death by hanging in the first virtual court sitting held by a Lagos court as part of social distancing measures to combat the COVID-19 pandemic....