City BusinessNews Archives — Page 313 of 327

April 10, 2019 No Responses

CBN Lifts Forex Market With $210 Million

The Central Bank of Nigeria (CBN) has again injected 210 million dollars into the inter-bank Foreign Exchange Market. A statement issued on Tuesday in Abuja, by Mr Isaac Okorafor, Director, Corporate Communications, CBN, said it is in continuation of the...

April 10, 2019 No Responses

Fire Destroys RoRo Ship

Panama-flagged roll-on/roll-off (RoRo) ship Al Fayrouz caught fire while underway in the Red Sea on April 8. According to Saudi Arabian Border Guards, the 101-meter was in international waters, 60 nautical miles off Saudi Arabia’s Farasan Islands, when the i...

April 10, 2019 No Responses

ELECTRICITY WORKERS HONOURS IGALI

At its Fourth Triennial Delegate Conference which is one of the biggest gatherings of power sector workers, the Senior Staff Association of Electricity and Allied Workers awarded Amb. Godknows Boladei Igali its highest lifetime award on account of his enormous...

April 10, 2019 No Responses

Photo News

President Muhammadu Buhari At a Meeting With Crown Prince Of Abu Dhabi Mohammed Bin Zayed Al Nahyan, In Abu Dhabi, on Tuesday

April 10, 2019 No Responses

Photo News

Massilia Motors recently introduced the All new Mitsubishi L200 Pick up in Lagos. Picture shows from Left: General Manager, Sales, Tunji Itiola; Deputy Managing Director, Kunle Jaiyesimi, Managing Director, Thomas Pelletier, and Head, Marketing and Commun...

April 9, 2019 No Responses

Massilia Motors Unveils New Mitsubishi L200 Pickup

In its bid to continuously satisfy its teeming customers in Nigeria, Massilia Motors, sole distributor of Mitsubishi vehicles in Nigeria and a joint venture between CFAO and CHANRAI Group, has revealed the all new Mitsubishi L200 Pickup. Unveiled in an.....

April 9, 2019 No Responses

Global Piracy Drops By 42 Per Cent

The first quarter of 2019 saw fewer incidents of piracy and armed robbery against ships, compared to the first three months of 2018, a report shows. According to the report issued by the International Chamber of Commerce (ICC) International Maritime...

April 9, 2019 No Responses

Nissan Shareholders Remove Ghosn From Board

Nissan shareholders have voted to oust the company’s former boss Carlos Ghosn from its board. The decision to sever ties with Mr Ghosn was made at a an extraordinary shareholders meeting held on Monday. Mr Ghosn was re-arrested in Tokyo...

April 9, 2019 No Responses

Robbers Raid First Bank

Armed robbers on Monday raided First Bank Plc branch in Ido Ani, Ondo State carting away unspecified amount of money. According to reports, the robbers shot sporadically into the air to scare away customers and people. The Police is expected...

April 8, 2019 No Responses

Shell Nigeria Leads IOCs In Local Content

The Nigerian Content Development and Monitoring Board (NCDMB) on Sunday recognized Shell as the most impactful International Oil Corporation (IOC) on Local Content Initiatives in the Nigerian Oil and Gas industry. The News Agency of Nigeria (NAN) reports that ...

April 8, 2019 No Responses

Nigeria Suspends Mining Activities In Zamfara

The Federal Government has announced the suspension of all forms of mining activities in Zamfara, and ordered all foreigners engaged in mining activities to leave the area within 48 hours. The acting Inspector-General of Police, Muhammed Adamu, who disclosed t...

April 7, 2019 No Responses

Firm Stakes $811.7m For Petroleum Terminals

Dutch tank storage company Royal Vopak has reached an agreement with First State Investments on the sale of its petroleum terminals in Algeciras, Amsterdam and Hamburg. The transaction, worth EUR 723 million (USD 811.7 million), is subject to certain condition...

April 7, 2019 No Responses

Buhari Reiterates Commitment To Defeat Banditry

President Muhammadu Buhari has reassured Nigerians that ending banditry remains a key priority of his administration and he would do whatever it takes to ensure the country’s security system confronts these public enemies with merciless determination. Reacti...

April 7, 2019 No Responses

Shipping Firm Develops New Port Supply Chain

Hong Kong-based port operator COSCO Shipping Ports signed an investment agreement with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau. Under the deal, the company plans to develop phase I of terminal extended business in the land n...