City BusinessNews Archives — Page 346 of 354

March 3, 2019 No Responses

‘LNG Sets Path To Meet Green House Gas Reduction Targets’

Liquefied natural gas (LNG) is a viable pathway to meet the International Maritime Organization’s (IMO) 2050 greenhouse gas (GHG) targets, SEA\LNG boss has said. As explained, the maritime industry has two broad but major environmental initiatives related to air emissions...

March 2, 2019 No Responses

UBA Begins Operations In UK

Barely three weeks after United Bank for Africa (UBA) group launched its operations in Mali, the foremost financial institution has commenced business activities in the United Kingdom. At the upscale ceremony which held on Thursday, February 28, 2019...

March 2, 2019 No Responses

First Bank Marks 125 Anniversary, Renews Commitment To Service Delivery

First Bank of Nigeria Limited on Friday said it would remain committed to the development and growth of Nigeria as well as the financial industry through enhanced service delivery. Adesola Adeduntan, the bank’s Chief Executive Officer, stated this at its...

March 2, 2019 No Responses

20 Years After, South African Airways Pilot Resigns Over Fake Licence

A pilot has resigned from South African Airways (SAA) after flying for more than 20 years with a fake licence. SAA said it discovered William Chandler’s paperwork was forged after a “reportable incident” during a flight from South Africa to.....

March 1, 2019 No Responses

Firm Votes $1.2B For New Vessels

Bermuda-based shipowner Ship Finance International Limited (SFL) invested USD 1.2 billion in new assets in 2018, continuing its fleet renewal efforts. As explained, these transactions added USD 1.3 billion in future contracted charter revenue. The company inte...

February 28, 2019 No Responses

Dangote Delivers 23.54MT Of Cement In 2018, Shareholders To Get N16 Per Share

For the financial year ended December 31, 2018, Dangote Cement Industries Plc sold a total 23.54 metric tonnes (MT) of cement across Africa. The company explained in its financial performance released on the floor of Nigerian Stock Exchange (NSE)on Wedne...

February 28, 2019 No Responses

FG, States, Local Govts Share N610.368b

The Federation Accounts Allocation Committee (FAAC) has shared N610.368 billion federal revenue generated last month to the three tiers of government. The Accountant-General of the Federation (AGF), Ahmed Idris, said approval is being awaited from the Mi...

February 28, 2019 No Responses

Firm Secures Contract For Expedition Ship

Norwegian ship designer Ulstein has received a contract to design the fourth expedition cruise vessel for Miami-based SunStone Ships. The vessel, Ocean Explorer, will be constructed at the China Merchants Heavy Industries (CMHI) shipyard. Belonging to t...

February 28, 2019 No Responses

UK, African Leaders Congratulate Buhari

The United Kingdom has felicitated with President Muhammadu Buhari on his electoral victory in the Saturday’s presidential election. A statement from the UK’s minister of state for Africa, Harriett Baldwin, said the result declared by the Independent Natio...

February 27, 2019 No Responses

Nigeria Boosts Foreign Exchange Market With $210m

The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers. The CBN Director, Corporate Communications Department, Isaac Okorafor, in a statement on ...

February 26, 2019 No Responses

Olu Of Warri Canvasses Support For Ocean And Cargo Terminal

The Olu of Warri, His Majesty Ogiame Ikenwoli, has pledged his support for the Ocean and Cargo Terminal Services Limited as the company formally takes possession of the Warri Port Terminal B. This was expressed when the board and management...

February 26, 2019 No Responses

Fire Destroys 34 Vessels

More than thirty vessels were burned in a major fire at Muara Baru Port in Penjaringan, Indonesia, on February 23, 2019. The incident in the subdistrict of North Jakarta affected a total of 34 vessels, according to DPKP DKI Jakarta, a regional...

February 25, 2019 No Responses

Anxiety As Nigerians Await Presidential Results

Amidst anxiety, the Independent National Electoral Commission (INEC) has concluded arrangement to commence collation and announcement of results of Saturday’s elections on Monday, February 25, 2019. INEC Chairman, Prof Mahmood Yakubu w...

February 25, 2019 No Responses

Catholic Bishop Lauds Violence-Free Polls In Edo

The Catholic Bishop of Uromi Diocese, Most Reverend Donatus Ogun, has commended the Edo State Governor, Mr. Godwin Obaseki for ensuring violence-free conduct of the Presidential and National Assembly elections in the state. The Bishop gave the commendati...