City BusinessNews Archives — Page 349 of 356

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 Tuesday, noted...

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...

February 23, 2019 No Responses

Tight Security, Cloudy Weather As Nigerians Elect President

Besides adequate security, the Nigerian Meteorological Agency (NiMet) has predicted sunny, hazy and partly cloudy weather conditions with thundery activities over most parts of the country today (Saturday) as Nigerians elect President and members of the Nation...

February 22, 2019 No Responses

SAHCO, BAYELSA SEAL MoU ON AIRPORT GROUND HANDLING OPERATIONS

Skyway Aviation Handling Company PLC (SAHCO) has signed a Memorandum of Understanding (MoU) with the Bayelsa State Government to be the official ground handling provider in the Bayelsa International Airport. A statement issued by Vanessa Uansohia, Manager, Cor...

February 22, 2019 No Responses

Weststar Associates To Unveil New Mercedes-Benz A-Class Sedan In May

Weststar Associates Limited, authorized General Distributor of Mercedes-Benz in Nigeria has concluded arrangements to introduce the A-Class Sedan in May, 2019. According to the company, the compact family from Mercedes-Benz has continued its growth...

February 22, 2019 No Responses

NLNG flags off 2019 Nigeria Literary competitions

The Advisory Boards for The Nigeria Prize for Science, The Nigeria Prize for Literature and The Literary Criticism Prize, sponsored by Nigeria LNG (NLNG) Limited, have published the Call for Entries for the 2019 edition of the prizes, flagging off...

February 22, 2019 No Responses

A.P. Moller – Maersk Explains $8.7b Debt, 2019 Investment Agenda

For the 2018 financial year, A.P Moller-Maersk net interest-bearing debt reduced from $14.8billion to $8.7billion. Meanwhile, the company remains investment grade rated. Following the listing of Maersk Drilling through a demerger and subject to maintaini...

February 21, 2019 No Responses

DP World Acquires Pan-European Logistics Firm

Dubai-based port operator DP World has acquired the pan-European logistics company P&O Ferries for a purchase consideration of GBP 322 million (USD 421 million). The company said that the transaction implies a 2017 Enterprise Value/EBITDA valuation multipl...

February 20, 2019 No Responses

Dunlop Revisits Manufacturing In Nigeria, Seeks Technical Partners

Citybusinessnews@yahoo.com – DN Tyre and Rubber Plc (formerly known as Dunlop Nigeria Plc) has intensified ongoing discussions with Edo State government as part of measures to revive local manufacturing. According to the company, the development is...

February 20, 2019 No Responses

Qatar Orders 60 New LNG Carriers

Saad bin Sherida Al-Kaabi, Qatari Minister of Energy and CEO of Qatar Petroleum, confirmed the country’s intentions to order up to 60 new LNG carriers. Al-Kaabi explained that the Middle Eastern nation would order the vessels at a press conferen...

February 20, 2019 No Responses

SEC Clamps Down On Growing Circle Over Alleged Illegal Capital Market Activities

The Securities and Exchange Commission, SEC, has sealed off the premises of Growing Circle in Lagos for engaging in alleged illegal fund management activities. According to the Commission, the company was shut down for carrying out investment...