City BusinessNews Archives — Page 389 of 398

March 13, 2019 No Responses

CMA CGM To Test Sustainable Marine Biofuel

French container shipping company CMA CGM and Dutch Port of Rotterdam have joined forces with IKEA Transport & Logistics Services and the GoodShipping Program to test and scale the use of sustainable marine biofuel oil. The test will commence with...

March 12, 2019 No Responses

Air Peace: We Are Yet To Take Delivery Of Boeing 737 MAX 8 Aircraft

The Management of Air Peace Airline has thought it imperative to clarify that Air Peace recently placed a firm order for 10 brand new Boeing 737 MAX 8 aircraft. We are, however, yet to take delivery of the aircraft as...

March 12, 2019 No Responses

Mercedes-Benz Delivers 152,690 vehicles In February

In the first two months of this year, Mercedes-Benz delivered 333,229 cars worldwide (-6.7%). In February, 152,690 vehicles with the three-pointed star were sold worldwide (-6.7%). The model changes in the highest-volume segments SUVs and compact cars had an i...

March 11, 2019 No Responses

Container Terminal Declares $1.2B Revenue For 2018

Philippines-based port management company International Container Terminal Services (ICTSI) has increased its 2018 profit on the back of a six percent increase in TEU volume and inclusion of new terminals. Consolidated volume for 2018 rose to 9,736,621 TEUs, c...

March 11, 2019 No Responses

Adesanmi, 156 others die in Ethiopian Airlines crash

Prominent Nigerian professor, Pius Adesanmi, and former United Nations and African Union Deputy Joint Special Representative in Darfur, Sudan, Ambassador Abiodun Bashua of the Ministry of Foreign Affairs were among the 157 persons on board an Ethiopian Airline...

March 11, 2019 No Responses

Heritage Bank Photo News

L-R: Afolasade Alonge, Divisional Head, Corporate & Specialised Banking, Heritage Bank Plc; Osepiribo Ben-Willie, Head, South South & South East Directorate; Jude Monye, Executive Director and Oluwatomi Ojo, Company Secretary/Legal Adviser, during the ...

March 10, 2019 No Responses

TMG Blames Low Turnout Of Voters On ‘Militarisation’

The Transition Monitoring Group (TMG) has blamed low turn of electorate during Saturday’s Governorship and House of Assembly polls across the country on “militarisation and over policing” of voting process. The National Chairperson of the group, Dr Abiol...

March 10, 2019 No Responses

Hyundai Acquires Daewoo Shipbuilding Firm

South Korea’s shipbuilding group Hyundai Heavy Industries (HHI) has signed a formal deal to proceed with the acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering (DSME). The deal was inked with Korean state lender Korea Development...

March 9, 2019 No Responses

Braithwaite, Emezi, Diana Make 2019 Women’s Prize For Literature List

Three Nigerian female authors, Oyinkan Braithwaite, Akwaeke Emezi and Diana Evans have been nominated for the 2019 Women’s Prize for Fiction. The Women’s Prize for Fiction, previously known as the Orange Prize for Fiction and the Baileys Women’s Prize Fo...

March 9, 2019 No Responses

Aisha Buhari To APC: Consider Card-Carrying Members For Appointments

Wife of the President, Dr. Mrs. Aisha Muhammadu Buhari has advised the ruling party, the All Progressives Congress (APC) to consider only card-carrying members for political appointments. She made the call at a dinner to celebrate the victory of the...

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 Excha...

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...