City BusinessNews Archives — Page 386 of 398

April 1, 2019 No Responses

NLNG/NIMASA: DAKUKU HAILS APPEAL COURT JUDGEMENT

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has hailed the appeal court judgement in the case between the Agency and the Nigerian Liquefied Natural Gas (NLNG) Limited over levies payable to the...

April 1, 2019 No Responses

Lagos To Crush 2,500 Impounded Motorcycles

The Lagos State Environmental Sanitation and Special Offences Unit (Task Force) on Sunday said it would crush over 2,500 commercial motorcycles impounded by the agency between January and March 2019. Adebayo Taofiq, the agency’s spokesperson, said in a state...

March 31, 2019 No Responses

Shipping Firm Secures $407m Financing

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has decided to raise JPY 45 billion (USD 406.6 million) through a new subordinate loan. As informed, the loan proceeds will be used for the repayment of interest-bearing debts and capital expenditures...

March 31, 2019 No Responses

Analysts Make Assessment Of CBN’s Report Card Under Emefiele

The Central Bank of Nigeria Governor, Mr. Godwin Emefiele can be described as the proverbial cat with nine lives considering the storms he weathered in the past five years. Typically, in Nigeria’s political scene, it is usually not easy for...

March 31, 2019 No Responses

Adewale Martins: Preparedness, Good Planning Essential In Governance

By Odinaka Uruakpa — The Catholic Archbishop of Lagos Archdiocese, Most Rev (Dr.) Alfred Adewale Martins has called on Christians and Catholics in particular who have interest in serving the people to participate in politics, so as to make the...

March 31, 2019 No Responses

Photo News

L-R: President, Signis Nigeria, Lagos Archdiocese, Lady Neta Nwosu; Chairman, Lumen Christi Television, Prince Soji Olagunju; Catholic Archbishop of the Metropolitan See of Lagos, Lagos, His Grace, Most Rev. (Dr.) Alfred Adewale Martins; Priest in ...

March 30, 2019 No Responses

Med-View Airline Records N10.33b Loss, Laments Multiple Taxation

By citybusinessnews@yahoo.com – For the year ended December, 2018, Med-View Airline recorded loss after tax of N10.33Billion. In a notice to the Nigerian Stock Exchange (NSE) ahead of its 3rd Annual General Meeting (AGM), the company described the ...

March 30, 2019 No Responses

14 Years After, Wema Bank Shareholders To Get Dividend

The Board and Management of Wema Bank Plc has concluded plans to reward ts shareholders with dividend, 14 years after the exercise was suspended due to various challenges. For the year ended December 31, 2018, the Bank’s gross earnings increased....

March 29, 2019 No Responses

MPR Reduction: More Experts Laud CBN

The Lagos Chamber of Commerce and Industry (LCCI) has commended the Central Bank of Nigeria (CBN) for reducing the Monetary Policy Rate (MPR) by 50 basis points from 14 per cent to 13.5 per cent. Its Director-General, Mr. Muda Yusuf...

March 29, 2019 No Responses

Entities Must Identify, Block Fraudsters, Says Saleh, CEO, Egyptian Stock Exchange

The Executive Chairman, Egyptian Stock Exchange, Mohamed Farid Saleh, has advised financial institution to put in place a detailed Know Your Customer (KYC) policy as part of measures to curtail financial crimes. In a chat with WFE in house magazine,...

March 29, 2019 No Responses

Tata Delivers 1.1m Vehicles In 2018

For the year 2018, Tata Motors sold 1.049 million units. Tata Motors has become the first Indian automaker to cross the one-million-sales mark, beating Chinese giants Changan and SAIC, to be the world’s 16th largest light vehicles company. Tata Motors s...

March 29, 2019 No Responses

Firms Seal 12-Year LNG Deal

Monaco-based LNG carrier owner and operator GasLog has entered into a 12-year fixed-term charter with Japan’s JERA for a newbuild LNG carrier. GasLog signed the agreement with LNG Marine Transport Limited, the principal LNG shipping entity of JERA. The vesse...

March 28, 2019 No Responses

FG, States, LGs Share N619.85b

The Accountant-General of the Federation (AGF), Mr Ahmed Idris, on Wednesday said the Federal Government shared N619.85 billion, as revenue generated in February to the three tiers of government. The amount showed an increase of about N9.49 billion from what.....

March 28, 2019 No Responses

Bajaj Unveils New Motorcycle

Two-wheeler manufacturer, Bajaj Auto has announced the launch of Patina 100 Kick Start (KS), regarded as entry-level motorcycle. Commenting on the introduction of the new variant, Sarang Kanade, President Motorcycle Business said “...