City BusinessNews Archives — Page 368 of 371

December 27, 2018 No Responses

Firm Faces $9.6m Fine Over Subcontracting Practices

Citing unlawful subcontracting practices, the South Korean Fair Trade Commission has fined Daewoo Shipbuilding & Marine Engineering (DSME) $9.6 million. According to investigators, from 2013 to 2016, DSME appointed 27 subcontractors for work related to offshore plants and vessels....

December 27, 2018 No Responses

SEC Nigeria Pledges To Tackle Identity Theft In Capital Market

The Securities and Exchange Commission, SEC, has urged shareholders to monitor their investments in the capital market, assuring that the Apex Regulator will live up to its responsibilities on investor protection. Acting Director General of the SEC...

December 27, 2018 No Responses

World’s Largest FLNG Facility Begins Production

Royal Dutch Shell’s Prelude FLNG facility, the world’s largest floating liquefied gas facility, has commenced production offshore Western Australia. “Today the wells have been opened at the Prelude FLNG facility and the initial phase of production has co...

December 26, 2018 No Responses

2018 Tanker Deliveries May Slip Into 2019

2018 has been a challenging year for tankers with rates bottoming out in the third quarter of the year, and finally ushering in a long-anticipated market recovery. Due to weak industry returns and attractive scrap prices, owners provided some relief...

December 26, 2018 No Responses

Buhari: 2019 Campaign Will Focus On Security, Economy, Fight Against Corruption

President Muhammadu Buhari Tuesday in Abuja said his re-election campaign will focus on the scorecard of his administration in the key areas of security, economy and the fight against corruption. Speaking at a Christmas Homage by residents of the F...

December 26, 2018 No Responses

Nigeria Warns Political Appointees Against Extortion

The Presidency on Tuesday issued a stern warning to political appointees, government officials and party men against influence peddling for corrupt pecuniary gains and other forms of extortion. A presidential spokesman, Malam Garba Shehu, told State Hous...

December 25, 2018 No Responses

Buhari Felicitates With Nigerians At Christmas

I felicitate with all Nigerians, particularly our Christian brothers and sisters, on the joyous occasion of this year’s Christmas, which commemorates the birth of Jesus Christ. Like I have done in the last three Christmas messages to my fellow compatri...

December 25, 2018 No Responses

Pope To Politicians: See Politics As Service To Society

The Pope of the Roman Catholic Church, Pope Francis, has advised politicians across the world to see politics as service to society and an opportunity to impact on human communities and institutions. The Pope’s message tagged ‘The Celebration of The...

December 24, 2018 No Responses

Shell Nigeria Explains Investment In Imo, Targets 300mcf Gas For Domestic Market

The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Sunday has announced the Final Investment Decision (FID) on the Assa North Gas Development Project in Imo State. The project is regarded as a major momentum to the domestic gas...

December 24, 2018 No Responses

SEC Nigeria: We Won’t Prosecute Multiple Accounts Holders

Nigerians have once again been enjoined not to entertain any fears of prosecution but take steps to regularise their multiple subscription accounts in order to obtain the benefits of their investments in the capital market. Acting Director General of the...

December 22, 2018 No Responses

Investors Stake N6.1b On Union Diagnostic, Zenith Bank, Access Bank In One Week

For the week ended December 21, 2018, investors on the floor of Nigerian Stock Exchange (NSE) staked N6.053 billion on 619.444 million shares of Union Diagnostic & Clinical Services Plc, Zenith Bank Plc, and Access Bank Plc. At the end...

December 21, 2018 No Responses

Oscar Onyema: NSE Has Commenced Process To Change Legal Status, Structure, Governance

Inline with ongoing demutualisation agenda, the Nigerian Stock Exchange (NSE) has commenced legal process to change its status, structure and governance. According to the Chief Executive Officer of NSE, Oscar Onyema, the successful conclusion of th...

December 20, 2018 No Responses

NAJA Awards Confirms Mitsubishi Motors Repositioning In Nigeria

Mitsubishi Motors has once again hit the headlines with its recent recognition by the Nigeria Auto Journalists Association (NAJA) Awards at the 2018 edition held in Lagos. Massilia Motors, sole distributor of Mitsubishi vehicles in Nigeria, a joint venture con...

December 20, 2018 No Responses

Buhari To Security Agencies: Fish Out Badeh’s Killers

President Muhammadu Buhari has given the marching orders to security agencies in the country to fish out the killers of former Chief of Defence Staff (CDS) Air Chief Marshal Alex Badeh. The Immediate past CDS was ambushed and killed, on...