City BusinessNews Archives — Page 381 of 390

March 8, 2019 No Responses

Seplat Declares $746m Revenue, Recommends $0.05 Dividend For 2018

citybusinessnews@yahoo.com – For the year 2018, a leading Nigerian indigenous oil and gas company, Seplat Petroleum Development Company Plc has declared $746million revenue and operating profit of $310million Listed on both the Nigerian Stock Exchange and London Stock Exchange, the...

March 8, 2019 No Responses

MTN Nigeria To list Shares Before June, Explains $1b Divestment Agenda

MTN Group has concluded plans to list shares on the floor of Nigerian Stock Exchange (NSE) before the end of June, 2019. In a statement on Thursday, the Group explained that the year 2018 recorded revenue of 37.971billion South African...

March 8, 2019 No Responses

Nigeria Intensifies Rice Production Through Anchor Borrowers’ Scheme

No doubt, the Anchor Borrowers Programme (ABP) of the Nigerian Government has taken off successfully. The scheme was introduced by the Central Bank of Nigeria (CBN) and launched by President Muhammadu Buhari on November 17, 2015 in Birnin Kebbi, Ke...

March 7, 2019 No Responses

Nigeria Projects Microfinance Banks For 774 Councils

Nigeria is to establish Microfinance Bank (MfBs) in all the 774 local government areas of the country. Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, disclosed the development on Wednesday in Abuja while on a facility tour...

March 6, 2019 No Responses

Capital Market Liquidity: Nigeria Seeks National Savings Committee

The Minister of Finance, Mrs Zainab Ahmed has said that the Federal Government is willing to set up a National Savings Committee that will make recommendations to the government on the best ways to mobilise savings that would lead to...

March 6, 2019 No Responses

NAJA To Hold Capacity Building Workshop

Nigerian Auto Journalists Association (NAJA) is to hold 2019 Capacity Building workshop before the second quarter of this year. The annual training workshop which is designed to boost human capacity for journalists reporting the automotive sector in the ...

March 5, 2019 No Responses

Lee Engineering Seals Fabrication Deal With VDL KTI Of Belgium

Lee Engineering, on Monday, signed a major partnership deal with VDL KTI of Belgium for oil and gas equipment fabrication. The Belgian company is a global leader in the fabrication and manufacturing of oil and gas equipment. The deal according...

March 5, 2019 No Responses

Firm Invites Bids For Design Of New LNG Bunkering Vessels

Greece-based company probunkers is taking one more step towards the implementation of its LNG bunkering project by inviting stakeholders’ proposals for the design of the company’s LNG bunkering vessels (LNGBVs). As part of its new project, probunkers&nbs...

March 5, 2019 No Responses

Nigeria Offers New Bonds For March

The federal government has offered for subscription two-year and three-year savings bonds at 11.62 per cent and 12.62 per cent per annum, the Debt Management Office (DMO) has said. According to the offer circular obtained from the DMO website on...

March 4, 2019 No Responses

At Victory Dinner, Buhari Vows To Address Gap Between Rich, Poor Nigerians

President Muhammadu Buhari has vowed not to betray the confidence of Nigerians from the last elections, saying his victory is a sign that Nigerians are satisfied with the change that his government embarked upon and shows confidence in his promise...

March 4, 2019 No Responses

Fuel Supply Experts Implore Marine Sector On 2020 Compliance Solution

The marine sector should look beyond just the initial choice of compliance solution ahead of the impending 0.5% global sulphur cap, according to Finland-based provider of fuel supply systems Auramarine. The company added that the industry needs to fully u...

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 rela...

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...