City BusinessNews Archives — Page 323 of 328

February 4, 2019 No Responses

BPE Seeks Concessionary Gas Price For ALSCON

The Aluminium Smelting Company of Nigeria (ALSCON), Ikot Ibasi, Akwa Ibom State is set to recommence operations as the Bureau of Public Enterprises (BPE) and other critical stakeholders of the company are reaching a comprehensive resolution on the major teething...

February 3, 2019 No Responses

Osinbajo Chopper Crash: Firm Blames ‘unusual weather conditions’

The management of Caverton Helicopters has attributed the chopper crash involving Vice President Yemi Osinbajo to “unusual weather conditions.” In a statement signed by its Managing Director / Accountable Manager, Capt. Josiah CHOMS, the company said...

January 31, 2019 No Responses

NLNG Photo News

NLNG MD, Tony Attah (right) and Andy Odeh, Manager Corporate Communication & Public Affairs receive the Honourable Minister of State for Petroleum, Dr Ibe Kachikwu at the NLNG Stand, Nigeria International Petroleum Summit (NIPS) 2019, in Abuja

January 30, 2019 No Responses

CBN Injects $210m Into Inter-Bank Market

In continuation of its periodic intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) on Tuesday, January 29, 2019, injected another sum of $210 million into the inter-bank foreign exchange market. Figures released by the CBN on...

January 29, 2019 No Responses

Pirates Operating Along Brass, Nigeria, Fire At Two Ships

Armed pirates attempted to attack two ships in two separate incidents off Nigeria last week, the IMB Piracy Reporting Centre said. On January 24, 2019, a product tanker was fired upon while underway, around 35 nautical miles south of Brass....

January 27, 2019 No Responses

Nigeria Reiterates Economic Development Collaboration With UK, Others

Nigeria has assured of its readiness to partner with any group or stakeholders towards the transformation and economic development of the country. Minister of Finance, Mrs Zainab Ahmed stated this at the closing session of the UK-Nigeria Climate Finance Accele...

January 27, 2019 No Responses

MSC Secures $439m To Finance 86 Scrubbers

Container shipping giant Mediterranean Shipping Company (MSC) has secured a USD 439 million financing to fit 86 exhaust gas cleaning system (EGCS) to its fleet. According to the law company Watson Farley & Williams (WFW), BNP Paribas (BNPP) was the co...

January 26, 2019 No Responses

Nigeria Injects $289m, CNY38.70m Into Retail Secondary Forex Market

In another round of intervention, the Central Bank of Nigeria (CBN) on Friday injected 289.76 million dollars in the retail Secondary Market Intervention Sales (SMIS). The CBN also intervened to the tune of 38.70 million Chinese Yuan in the Spot...

January 26, 2019 No Responses

NDDC Gets Acting MD

President Muhammadu Buhari has approved the appointment of an acting Managing Director for the Niger Delta Development Commission (NDDC). He is Professor Nelson Braimbraifa. The President, following a Federal Executive Council (FEC) resolution, has equally ves...

January 24, 2019 No Responses

Firm Stakes $998m For Additional Stake In DP World

Dubai-based container port operator DP World has acquired an additional stake in DP World Australia (DPWA) from Gateway Infrastructure Investments and other financial investors valuing the company at an enterprise value of approximately AUD 1.4 billion (USD 99...

January 21, 2019 No Responses

NNPC Seals $8.441b JV Deals With SEEPCO, Shell, Agip, Others

To further consolidate the revenue profile of the Nigeria National Petroleum Corporation (NNPC), the Group Managing Director (GMD) Dr. Maikanti Baru and his management team have taken audacious steps to double investments base of the Corporation. In the ...

January 21, 2019 No Responses

SEC, NIPC Collaborate To Attract Investors

The Securities and Exchange Commission has restated its commitment to partner with relevant government agencies and the private sector to attract more investments to the country in a bid to further boost the economy. Acting Director General of the SEC,...

January 15, 2019 No Responses

INEC Releases Guidelines For 2019 General Elections

The Independent National Electoral Commission (INEC) on Monday released the regulations and guidelines for the conduct of the general elections. The 33 pages document obtained by the News Agency of Nigeria (NAN) in Abuja explained that Smart Card Readers...

January 10, 2019 No Responses

Mercedes-Benz Delivers 2.3m Cars In 2018

Despite various challenges in 2018, Mercedes-Benz continued to be the leading premium automobile brand in terms of unit sales. Within the year 2018, the company with the three-pointed star increased its global car sales to 2,310,185 units, its eighth con...