City BusinessNews – Page 449 – City Business News

May 3, 2019 No Responses

Nigeria’s Unemployment Rate To Reach 33.5% By 2020

Nigeria unemployment rate to reach 33.5 per cent by 2020, says the Federal Government. Sen. Chris Ngige, Minister of Labour and Employment, said this while declaring open a two-day workshop on “Breaking the Resilience of High Unemployment Rate in the...

May 3, 2019 No Responses

NNPC Boss Inaugurates AGPC Reconstituted Board, Targets 300mscf Of Gas Per Day

Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange (NSE) and London Stock Exchange (LSE), has announced the inauguration of the reconstituted Board of Directors of ANOH Gas Proc...

May 3, 2019 No Responses

Second LNG Terminal Begins Operations In Bangladesh

Bangladesh has commissioned its second LNG terminal with the launch of operations of FSRU Summit LNG offshore Moheshkhali Island in the Bay of Bengal. According to Excelerate Energy, the FSRU completed commissioning of the LNG terminal, owned by Summit LNG...

May 2, 2019 No Responses

Labour Cautions Nigerian Govt On Debt Profile, Borrowing

Organised labour in Nigeria has again cautioned the Federal Government on the nation’s rising debt profile, “resulting from government’s unsaturated appetite for borrowing and foreign loans.’’ The President of the United Labour Congress (ULC), ...

May 2, 2019 No Responses

Samsung Builds 1st LNG-Fueled Ships With Own Technology

South Korea’s Samsung Heavy Industries (SHI) informed it has successfully constructed its first LNG-fueled vessels with the shipbuilder’s own technology. The LNG-powered 113,000 dwt oil tanker pair delivered to an Asian shipowner early this year just compl...

May 1, 2019 No Responses

SEC Urges Beneficiaries Of Deceased Investors To Claim Their Dividends

In a bid to further reduce the quantum of unclaimed dividends in the Nigerian capital market, the Securities and Exchange Commission, SEC has urged beneficiaries of deceased investors to step up efforts to claim such dividends. This was stated by...

May 1, 2019 No Responses

Sifax Group Photo News

L-R: Solomon Fatoyinbo, Protocol Officer, SIFAX Group; Victor Olotu, Senior Manager, Business Development and Strategic Planning, SIFAX Group; Oloye Gbadamosi, Captain, Sunshine FC, Surulere; Seinde Fadeni, Chief Executive Officer, GMT Energy Resources Limited...

April 30, 2019 No Responses

Lagos Assembly Approves N479b For Capital Expenditure In 2019

The Lagos State House of Assembly on Monday passed the state’s 2019 Appropriation Bill of N873. 532 billion for 2019. The approval came more than 80 days after Governor Akinwunmi Ambode presented the 2019 appropriation bill of N852. 316 billion...

April 30, 2019 No Responses

Osinbajo: States Must Improve Their IGR In Next Few Years

Vice President Yemi Osinbajo says there is the need for states to explore ways of improving their Internally Generated Revenue (IGR) in the next few years. Osinbajo said this on Monday at the opening of the Induction of New and...

April 30, 2019 No Responses

Samsung Delivers Sixth MR Unit To Maersk Tankers

Denmark’s Maersk Tankers has received its latest medium range (MR) product tanker from Samsung Heavy Industries (SHI). Maersk Corsica was officially delivered to Maersk Tankers on April 26, two days after a naming ceremony at SHI’s Ningbo shipyard, in Chin...

April 30, 2019 No Responses

Photo News

L – R shows Divisional Head, Listing Business Division, The Nigerian Stock Exchange (NSE), Mr. Olumide Bolumole; Executive Director, Regulation, NSE, Ms. Tinuade Awe; Chief Executive Officer, NSE, Mr. Oscar N. Onyema OON; Senior Special Assistant to the Pres...

April 29, 2019 No Responses

SEC Nigeria To Align Master Plan With Current Economic Realities

The Securities and Exchange Commission (SEC) is to align the 10 Year Capital Market Master plan with current economic realities as well as ensure the planned review is concluded in record time. Acting Director General of SEC Nigeria, Ms. Mary...

April 28, 2019 No Responses

Nigeria To Bridge Petroleum Products Supply Gap

The Group Managing Director, Nigerian National Petroleum Corporation, Dr Maikanti Baru, says the corporation plans to bridge the gap of petroleum products supply in the country. Baru disclosed this while fielding questions from journalists after a facility tou...

April 28, 2019 No Responses

VW, JAC Seal $750.8m Electric Car Deal

Volkswagen AG’s joint venture with China’s Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.83 million) in a new electric car factory in the eastern Chinese city of Hefei, according to local authorities. A document post...