City BusinessNews Archives — Page 343 of 356

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...

April 5, 2019 No Responses

NSE Unveils Multi-Asset Brand Campaign

As part of efforts to boost investor education and increase investor participation in the Nigerian capital market, the Nigerian Stock Exchange (NSE) has flagged off an above the line marketing campaign that amplifies the Exchange’s credential as a leading se...

April 4, 2019 No Responses

Air Peace Seals $2.1b Deal With Embraer For 30 Brand New Jets

Air Peace airline has set a continental record with a firm order for 10 brand new Embraer 195-E2 aircraft. The deal which was unveiled on Wednesday during Embraer Business Meeting with the Aviation World in Port Louis, Mauritius, makes Air...

April 4, 2019 No Responses

Emefiele’s One Good Term Deserves Another, By Abba Adakole

Public offices are held in trust for the people. Therefore occupiers of public offices are the golden fish that have no hiding place. It is thus instructive that they should justify their appointments by demonstrating competence, accountability, discipli...

April 2, 2019 No Responses

SIFAX Group Appoints Three Key Management Staff

As part of the ongoing restructuring effort, which is targeted at strategically positioning the company for better service delivery, corporate reengineering and next level strategic growth, SIFAX Group has appointed three new staff to man key management positi...

April 1, 2019 No Responses

NLNG/NIMASA: DAKUKU HAILS APPEAL COURT JUDGEMENT

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has hailed the appeal court judgement in the case between the Agency and the Nigerian Liquefied Natural Gas (NLNG) Limited over levies payable to the...

April 1, 2019 No Responses

Lagos To Crush 2,500 Impounded Motorcycles

The Lagos State Environmental Sanitation and Special Offences Unit (Task Force) on Sunday said it would crush over 2,500 commercial motorcycles impounded by the agency between January and March 2019. Adebayo Taofiq, the agency’s spokesperson, said in a state...