Tag: City BusinessNews

Court remands Two Cousins Over Alleged Murder Of Maersk MD’s Wife
June 24, 2020 No Responses

Court remands Two Cousins Over Alleged Murder Of Maersk MD’s Wife

An Igbosere High Court in Lagos on Wednesday remanded two cousins: Olamilekan Goke and Akande Adeyinka, at the Ikoyi Correctional Centre over alleged rape and murder of the 44-year-old Mrs Bernadetta Tohouo-Tohouo. The Hungarian is the wife of Mr Gildas...
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NSE Market Capitalisation Drops Further By N50b
June 24, 2020 No Responses

NSE Market Capitalisation Drops Further By N50b

Weak sentiments and sell pressure continued on the Nigerian Stock Exchange (NSE) on Wednesday with the indices extending loses for the fifth consecutive trading session. Consequently, the key performance indices dropped further by 0.38 per cent due to sell-off...
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Adamawa Earmarks N550m Fertilizer For 2020 Farming Season
June 24, 2020 No Responses

Adamawa Earmarks N550m Fertilizer For 2020 Farming Season

The Adamawa Government has earmarked the sum of  N550 million  to buy  fertilizer for the 2020 farming season. The  Commissioner for Information and Strategy, Mr Umar Pella, disclosed this shortly after the State Executive Council’s ...
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Delta Seaports To Receive Seven Vessels Laden With Diesel, General Cargoes
June 24, 2020 No Responses

Delta Seaports To Receive Seven Vessels Laden With Diesel, General Cargoes

Seven ships conveying diesel and other items are expected at the Delta Seaports between June 25 and June 30, 2020.  In its daily publication, ‘Shipping Position’, Nigerian Port Authority (NPA) on Wednesday explained that the vessels include MT Tornado...
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Stockbrokers Task FG On Fixed Income Securities
June 24, 2020 No Responses

Stockbrokers Task FG On Fixed Income Securities

Stockbrokers on the Nigerian Stock Exchange have called for more issuance of fixed income securities by the government to finance infrastructure deficit. They described the recent over-subscription of Sukuk Ijarah, issued by the Federal Government, as a clear ...
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NPA To Receive 20 Ships Laden With Petroleum Products, Frozen Fish, Wheat, Others At Lagos Seaport
June 24, 2020 No Responses

NPA To Receive 20 Ships Laden With Petroleum Products, Frozen Fish, Wheat, Others At Lagos Seaport

The Nigerian Ports Authority (NPA) is expecting 20 ships laden with petroleum products, food items and other goods from June 23 to July 7. NPA in its publication, `Shipping Position’, explained that the ships are expected to arrive Lagos Port...
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Ghana Apologises To Nigeria, Probes Demolition Of Mission Building
June 24, 2020 No Responses

Ghana Apologises To Nigeria, Probes Demolition Of Mission Building

The President of Ghana, Nana Akufo-Addo, has sent apologies to President Muhammadu Buhari over the demolition of a building in the premises of the Nigerian High Commission in Accra, Ghana. Mr Ferdinand Nwonye, spokesperson for the Ministry of Foreign Affairs,....
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Volkswagen Explores Acquisition Of Car Rental Group
June 24, 2020 No Responses

Volkswagen Explores Acquisition Of Car Rental Group

Volkswagen AG is in talks to acquire car French rental firm Europcar Mobility Group SA , in a deal that would allow the German car maker to better capitalize on its fleet.The acquisition would come as Europcar struggles to cope with the economic fallout ...
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Access Bank Unveils Digital Cashflow Lending For SMEs
June 24, 2020 No Responses

Access Bank Unveils Digital Cashflow Lending For SMEs

As part of effort to provide access to finance for SMEs to grow and expand their businesses, Access bank Plc has launched a digital lending portal, “Cashflow Loans by Access”.  A statement issued by Access Bank explained that the portal...
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Total Receives New LNG Carrier
June 23, 2020 No Responses

Total Receives New LNG Carrier

Greece-based shipping company, TMS Cardiff Gas has taken delivery of a new LNG tanker built by South Korea’s shipbuilder Samsung Heavy Industries.  The newest addition to the shipping company’s fleet is the 174,000-cbm Qogir.  Qogir was subsequen...
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NIMASA, NPA Seal Partnership On Wreck Removal
June 23, 2020 No Responses

NIMASA, NPA Seal Partnership On Wreck Removal

The managements of Nigerian Maritime Administration and Safety Agency (NIMASA) and Nigerian Ports Authority (NPA) on Tuesday resolved to work out modalities for effective removal of all wrecks and derelicts that may hinder navigations in Nigerian waters.  &nb...
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FG Tasks Public Servants On Accountability, Transparency
June 23, 2020 No Responses

FG Tasks Public Servants On Accountability, Transparency

The Federal Government has challenged civil servants to be accountable and transparent in their services to the nation. Head of the Civil Service of the Federation (HOCSF), Dr. Folasade Yemi-Esan,  who made the call in a video conference to mark the&...
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Unity Bank, Dangote Sugar Top Losers’ Table As Market Capitalisation Drops Further By N2b
June 23, 2020 No Responses

Unity Bank, Dangote Sugar Top Losers’ Table As Market Capitalisation Drops Further By N2b

The Nigerian Stock Exchange (NSE) on Tuesday extended negative mood with  market capitalisation dropping by N2billion. Specifically, the market capitalisation which opened at N12.913 trillion shed two billion naira or 0.02 per cent to close at N12.911 trilli...
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NDDC: N2tri Debt Mainly From Emergency Projects
June 23, 2020 No Responses

NDDC: N2tri Debt Mainly From Emergency Projects

The Niger Delta Development Commission (NDDC) on Monday attributed the N2 trillion debts owed vendors and contractors to projects executed in the region. The NDDC Director of Corporate Communications, Charles Odili, told Journalists that  the commission i...
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