City BusinessNews Archives — Page 385 of 389

January 27, 2019 No Responses

MSC Secures $439m To Finance 86 Scrubbers

Container shipping giant Mediterranean Shipping Company (MSC) has secured a USD 439 million financing to fit 86 exhaust gas cleaning system (EGCS) to its fleet. According to the law company Watson Farley & Williams (WFW), BNP Paribas (BNPP) was the co-ordinating...

January 26, 2019 No Responses

Nigeria Injects $289m, CNY38.70m Into Retail Secondary Forex Market

In another round of intervention, the Central Bank of Nigeria (CBN) on Friday injected 289.76 million dollars in the retail Secondary Market Intervention Sales (SMIS). The CBN also intervened to the tune of 38.70 million Chinese Yuan in the Spot...

January 26, 2019 No Responses

NDDC Gets Acting MD

President Muhammadu Buhari has approved the appointment of an acting Managing Director for the Niger Delta Development Commission (NDDC). He is Professor Nelson Braimbraifa. The President, following a Federal Executive Council (FEC) resolution, has equally ves...

January 24, 2019 No Responses

Firm Stakes $998m For Additional Stake In DP World

Dubai-based container port operator DP World has acquired an additional stake in DP World Australia (DPWA) from Gateway Infrastructure Investments and other financial investors valuing the company at an enterprise value of approximately AUD 1.4 billion (USD 99...

January 21, 2019 No Responses

NNPC Seals $8.441b JV Deals With SEEPCO, Shell, Agip, Others

To further consolidate the revenue profile of the Nigeria National Petroleum Corporation (NNPC), the Group Managing Director (GMD) Dr. Maikanti Baru and his management team have taken audacious steps to double investments base of the Corporation. In the ...

January 21, 2019 No Responses

SEC, NIPC Collaborate To Attract Investors

The Securities and Exchange Commission has restated its commitment to partner with relevant government agencies and the private sector to attract more investments to the country in a bid to further boost the economy. Acting Director General of the SEC,...

January 15, 2019 No Responses

INEC Releases Guidelines For 2019 General Elections

The Independent National Electoral Commission (INEC) on Monday released the regulations and guidelines for the conduct of the general elections. The 33 pages document obtained by the News Agency of Nigeria (NAN) in Abuja explained that Smart Card Readers...

January 10, 2019 No Responses

Mercedes-Benz Delivers 2.3m Cars In 2018

Despite various challenges in 2018, Mercedes-Benz continued to be the leading premium automobile brand in terms of unit sales. Within the year 2018, the company with the three-pointed star increased its global car sales to 2,310,185 units, its eighth con...

January 9, 2019 No Responses

Boeing Delivers 806 Planes In 2018

For the year 2018, Boeing Co delivered a record 806 aircraft as it overcame supplier woes, retaining the title of the world’s biggest planemaker for the seventh straight year. The company’s shares rose as much as 3.9 percent to $340.90...

January 9, 2019 No Responses

CBN Boosts Forex Market With $210m

The Central Bank of Nigeria (CBN) has continued its intervention in the inter-bank sector of the Foreign Exchange market by injecting another sum of $210 million into the forex market. In the forex trading on Tuesday, January 8, 2019, the...

January 8, 2019 No Responses

World Bank President Steps Down

World Bank President, Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post. His resignation will take effect from 1 February. Mr Kim, 59, was not due to leave until 2022,...

January 8, 2019 No Responses

Buhari Meets Borno Leaders

President Muhammadu Buhari on Monday in Abuja met a delegation from Borno, and restated his administration’s unwavering determination to equip the military to overcome the insurgency in the northeast. The President also told the delegation led by Gov. Kashim...

January 8, 2019 No Responses

Atiku Pledges To Complete Abandoned Federal Projects In Kogi

The presidential candidate of the People’s Democratic Party (PDP) Alh. Abubakar Atiku, has promised to complete all abandoned federal projects in Kogi, if elected president in the coming election. Atiku made the promise on Monday in Lokoja while addressing a...

January 7, 2019 No Responses

Air Peace Begins Direct Flights To Banjul

Air Peace will begin non-stop flights from Lagos to Banjul, The Gambia from Monday, January 7, 2019. In a statement issued on Sunday by Corporate Communications Manager, Chris Iwarah, the airline said it would no longer route its Lagos-Banjul flights...