Tag: City BusinessNews

COSCO, Abu Dhabi Ports Open New Terminal
December 11, 2018 No Responses

COSCO, Abu Dhabi Ports Open New Terminal

COSCO Shipping Ports and Abu Dhabi Ports on Monday inaugurated  CSP Abu Dhabi Terminal at Khalifa Port, adding Abu Dhabi as the regional hub for COSCO’s global network of 36 ports as part of China’s Belt and Road Initiative. This...
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Heritage Bank Photo News
December 11, 2018 No Responses

Heritage Bank Photo News

L-R: CEO of David Wej, Adedayo David Eweje; Divisional Head, Corporate Communications, Heritage Bank, Fela Ibidapo; Divisional Head, Commercial Banking, Osepiribo Ben-Willie; Winner of 42nd Miss Nigeria 2018 Chidinma Aaron; Divisional Head, Strategy and Corpor...
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Ekiti Lifts Embargo On Ecobank, GTbank, Zenith Bank
December 10, 2018 No Responses

Ekiti Lifts Embargo On Ecobank, GTbank, Zenith Bank

Ekiti State Governor, Dr Kayode Fayemi has lifted the embargo placed on some banks by the immediate past administration.  The Fayose-led administration had in May 2016 placed a “non-patronage” ban on three banks- Ecobank, GTbank and Zenith Bank Plc an...
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SEC Nigeria Photo News
December 10, 2018 No Responses

SEC Nigeria Photo News

Left –Right: Capital Markets Development Specialist (FSD Africa), Mr Victor Nkiri, Managing Director/CEO (FMDQ OTC SecuritiEs Exchange) Mr. Bola Onadele Koko, Ag. Director-General Securities and Exchange Commission, SEC, Mary Uduk, Acting Executive...
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Osinbajo To Address Business Leaders In Berlin, London
December 10, 2018 No Responses

Osinbajo To Address Business Leaders In Berlin, London

Vice President, Prof. Yemi Osinbajo, will address a group of notable German business leaders in Berlin, Germany, on Monday, the Presidency said in a statement on Sunday. In a statement in Abuja, Laolu Akande, Senior Special Assistant to the President...
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Nigeria Lauds $21b Savings On Food Import
December 10, 2018 No Responses

Nigeria Lauds $21b Savings On Food Import

PRESIDENT Muhammadu Buhari has commended  Nigerians for curbing excessive taste for foreign products.  According to the President, the new development, he said, has positioned the country for food self-sufficiency and resulted in saving over $21 bill...
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National Microfinance Bank Takes off Next Month With N5b Capital Base
December 9, 2018 No Responses

National Microfinance Bank Takes off Next Month With N5b Capital Base

Barring last minute adjustment, National Microfinance Bank  will begin operations in January  2019  as part of measure to ensure more credits flow to the grassroots.   According to the Governor, Central Bank of Nigeria (CBN), Godwin Emefiel...
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Nigeria Implores Maritime Stakeholders On Sustained Economic Growth
December 8, 2018 No Responses

Nigeria Implores Maritime Stakeholders On Sustained Economic Growth

The Senate Committee on Marine Transport and the Federal Ministry of Transportation (FMOT) have called on stakeholders to join the Government in its recent efforts to pay more attention to the development of the maritime sector as it has enormous...
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Mercedes-Benz Explains 198,545 Sales In November
December 8, 2018 No Responses

Mercedes-Benz Explains 198,545 Sales In November

Mercedes-Benz has once again set a new sales record towards the end of this year despite a volatile market environment: 198,545 vehicles with the three-pointed star were delivered to customers all over the world last month.    Under ongoing challenging cond...
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NPA deploys $30m tug boats, reiterates commitment to operational efficiency
May 4, 2017 No Responses

NPA deploys $30m tug boats, reiterates commitment to operational efficiency

Citing need for greater operational efficiency at the nation’s Seaports, the Nigerian Ports Authority (NPA) on Wednesday in Lagos commissioned four new tug boats valued at $30 million.     Christened Mt. Daura, Mt. Ubima, Mt. Uromi and Mt. Majiya, the...
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Presco emerges winner of CSR award
May 4, 2017 No Responses

Presco emerges winner of CSR award

Presco Plc has emerged winner of Corporate Social Responsibility (CSR) agriculture award for the year 2016 and 2017.   At a colourful ceremony held on Wednesday in Lagos, Presco Plc was announced winner ahead of other nominees such as British...
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Ecobank to sack more workers
May 4, 2017 No Responses

Ecobank to sack more workers

Inline with plans to close some branches, Eco Bank has resolved  to sack more of its workers.   Under the arrangement, Eco Bank is to step up its digital platforms as part of measures to cut cost and ensure efficiency....
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CBN sets aside $90m for BTA, Medicals
April 4, 2017 No Responses

CBN sets aside $90m for BTA, Medicals

As part of efforts to stabilize the naira,  Central Bank of Nigeria (CBN), on Monday, released the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees. Also, the Bank offered a total of $150 million...
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Shell to fuel world’s 1st LNG-Powered Aframax Tankers
April 4, 2017 No Responses

Shell to fuel world’s 1st LNG-Powered Aframax Tankers

Russia’s SCF Group (Sovcomflot) has signed an agreement with Shell Western LNG B.V. (Shell) for the supply of liquefied natural gas (LNG) to fuel the first Aframax crude oil tankers in the world to be powered by LNG. Under the...
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