City Archives — Page 163 of 524

May 19, 2023 No Responses

China Overtakes Japan As World’s Top Car Exporter

Between January and March 2023, China surpassed Japan and Germany to become the world’s largest vehicle exporter for the first time, exporting a total of 1.069 million vehicles. Japan used to be the world’s leading vehicle exporter, exporting 1.047 million...

May 19, 2023 No Responses

NPA Targets $198b Royalties From Private Seaports In Delta, Ondo, Lagos

Further to Nigerian Ports Authority’s resolve to deliver efficient port services through strategic port development, the Federal Executive Council (FEC) at its sitting on Wednesday, May 17, 2023, approved the development of three milestone port projects: the...

May 19, 2023 No Responses

Lekki Port: CMA-CGM Assures Nigeria Of Transit, Transshipment Cargoes

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko on Thursday, received Mr. Courquin, the Senior Vice President and head of the Africa Division of CMA-CGM Group, in the company of Lekki port officials. CMA-CGM Group, the parent c...

May 18, 2023 No Responses

FEC Approves $4.7b Seaport Projects In Delta, Ondo, Lagos

The Federal Executive Council (FEC) has approved port development projects worth $4,713,841,477 in Delta, Ondo, and Lagos States. The approval was given during the weekly FEC meeting presided over by President Muhammadu Buhari on Wednesday in Abuja. Minister o...

May 18, 2023 No Responses

Stock Market Recovers N88b

The All-Share Index (ASI) of the Nigeria Exchange on Wednesday gained 161.53 basis points or 0.31 percent to settle at 52,580.86 compared to 52, 419.33 on Tuesday. Sustained interests in Zenith Bank, Guaranty Trust Holding Company (GTCO), and FirstBa...

May 17, 2023 No Responses

Minister Unveils New NIMASA Abuja Zonal Office

The transportation minister, Mu’azu Sambo has commissioned new Abuja Zonal Office of Nigerian Maritime Administration and Safety Agency (NIMASA). Unveiling the office named after late Maritime icon, Otunba Kunle Folarin on Tuesday, Sambo emphasized the...

May 17, 2023 No Responses

Maersk Completes Energy-Related Businesses Divestment

A.P. Moller – Maersk has completed the divestment of Maersk Supply Service (MSS) announced two months ago. At closing, A.P. Moller Holding, the parent company of the A.P. Moller Group, will assume full ownership of MSS. Maersk Supply Service will...

May 16, 2023 No Responses

Okonjo-Iweala Cautions Nigeria On Debt Service To Revenue Ratio

The Director-General, World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, on Monday described Nigeria’s debt service to revenue ratio as alarming. Dr. Okonjo-Iweala, who spoke at the Nigeria Governors’ Forum (NGF) 2023 induction for newly elected gove...

May 16, 2023 No Responses

Ecobank Workers Conference: Experts Harp On Savings, Income Diversification

Salary earners, individuals, self-employed and small businesses have been advised to make deliberate efforts to save and diversify their income stream in light of the current state of the nation’s economy. This was the submission of panelists at the webinar....

May 15, 2023 No Responses

NDLEA Intercepts 5,610kg Of Illicit Drugs In Kaduna

The National Drug Law Enforcement Agency (NDLEA) has arrested 218 suspects with 5,610 kilogrammes of illicit drugs in Kaduna. State In a statement on Sunday, the NDLEA Commandant in Kaduna State, Ibrahim Braji, explained that the suspects comprised 206 ma...

May 15, 2023 No Responses

Guinness Nigeria Constructs New Water Treatment Plant In Edo

Guinness Nigeria Plc has made an investment worth over N3 billion in Edo State. The Managing Director, Guinness Nigeria Plc, John Mmsunga disclosed this when he led members of the Board of Directors and other leadership of Guinness Nigeria Plc on...

May 15, 2023 No Responses

NIMASA Insists On Prevention, Commemorates 2023 World Safety Day

In commemoration of the 2023 World Safety Day, the Nigerian Maritime Administration and Safety Agency (NIMASA) organized a safety workshop with the theme “Zero offshore incidents, a culture of prevention. This is in line with the International La...

May 14, 2023 No Responses

Shell, GasLog, Seal LNG Charter Deals

GasLog, International owner and operator of liquefied natural gas (LNG) carriers has entered into new time charter agreements for two of its LNG carriers. One of the time charter agreements involves GasLog Singapore LNG carrier and it was signed with New....

May 14, 2023 No Responses

OKOMU OIL RESCUES A COMMUNITY FROM GAS EXPLOSION

Barely six (6) months after the fire service department of Okomu Oil Palm PLC averted what could have been a major fire disaster in Owan Community, Ovia North East LGA, the company has once again come to the rescue of...