Tag: City

NPA to partner maritime professionals
November 23, 2016 No Responses

NPA to partner maritime professionals

The Managing Director, Nigerian Ports Authority (NPA) Ms Hadiza Bala Usman has pledged  to work with professionals in the maritime sector and make the ports attractive to business. According to Usman, NPA was more determined to close the gaps between the...
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FG expends N1.1tri on debt servicing in nine months
November 22, 2016 No Responses

FG expends N1.1tri on debt servicing in nine months

The Federal Government has spend not less than N1.1 trillion on debt servicing in the last nine months, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said.  According to the minister, this also includes N44 billion...
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Maersk comes under attack in Cotonou
November 22, 2016 No Responses

Maersk comes under attack in Cotonou

The 4,496 TEU containership Maersk Cotonou was attacked by supposed criminals attempting to board the vessel off the Nigerian coast on November 19, Danish shipping giant Maersk Line confirmed to World Maritime News. Maersk said that the 2011-built vessel was ...
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BPE to partner PTAD on pension issues
November 22, 2016 No Responses

BPE to partner PTAD on pension issues

Acting Director General of the Bureau of Public Enterprises (BPE), Dr. Vincent Onome Akpotaire has pledged the Bureau’s willingness to work with the Pension Transitional Arrangement Directorate (PTAD) to achieve its mandate especially on pension issues arisi...
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Hyundai exports 23m vehicles in 40 years
November 22, 2016 No Responses

Hyundai exports 23m vehicles in 40 years

Hyundai Motor is celebrating 40 years of exports to international markets, following a period of significant overseas growth that has seen it “become one of the fastest growing brands in the world”.   From South Korea’s first mass-produced model to....
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Nigeria’s GDP drops by 2.24% in 3rd quarter
November 22, 2016 No Responses

Nigeria’s GDP drops by 2.24% in 3rd quarter

For the third quarter 2016, Nigeria’s Gross Domestic Product (GDP) dropped by 2.24 per cent.  Data released on Monday by the National Bureau of Statistics (NBS) revealed that Nigeria’s economy shrunk by 2.06 per cent due to revenue shortage, foreign...
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First Bank unveils dedicated twitter handle, @FBN_help
November 22, 2016 No Responses

First Bank unveils dedicated twitter handle, @FBN_help

First Bank of Nigeria limited, has extended its digital multi-channel customer support platform by launching a dedicated twitter account – @FBN_help to identify, respond to and resolve all customer enquiries, issues, questions and queries on social media...
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Fitch affirms Wema Bank’s long-term national rating at BBB-
November 22, 2016 No Responses

Fitch affirms Wema Bank’s long-term national rating at BBB-

 Fitch Ratings, a global leader in credit ratings and research has affirmed the Long-term National Rating of Wema Bank at BBB-.   In a statement, the Bank said: “This is reflective of the Bank’s stable outlook and continued viability, in...
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NNPC, Shell, Access Bank, First Bank, others sign $2.2b contract deal
November 21, 2016 No Responses

NNPC, Shell, Access Bank, First Bank, others sign $2.2b contract deal

As part of measures to facilitate access to finance for Nigerian suppliers in the oil and gas sector, Shell with the backing of the Nigerian National Petroleum Corporation (NNPC) has signed $2.2b Memoranda of Understanding with eight Nigerian banks under...
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Ministry implore stakeholders on 2016/2017 dry season farming scheme
November 21, 2016 No Responses

Ministry implore stakeholders on 2016/2017 dry season farming scheme

To enhance transparency and accountability in the implementation of the Growth Enhancement Scheme (GES), the Federal Government has concluded plans to implement the 2016/2017 dry season intervention scheme.  Speaking at the opening ceremony of the GES Stakeho...
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SEC signs capital market studies MoU with NERDC
November 21, 2016 No Responses

SEC signs capital market studies MoU with NERDC

The Securities and Exchange Commission (SEC) is set to achieve another milestone by infusing Capital Market Studies (CMS) into schools curriculum with the signing of a Memorandum of Understanding (MoU) with the Nigerian Educational Research and Development Cou...
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FG proposes N750B recapitalization agenda for agric bank
November 21, 2016 No Responses

FG proposes N750B recapitalization agenda for agric bank

The Federal Government through the Central Bank of Nigeria (CBN) has concluded plans to make available N750 Billion for the recapitalisation of the Bank of Agriculture in 2017.    Under the arrangement, the Bank is being repositioned to attract not...
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CMA CGM records $202m net loss in third quarter
November 21, 2016 No Responses

CMA CGM records $202m net loss in third quarter

French shipping major, CMA CGM reported a net loss of USD 202 million in the third quarter of 2016, while its revenue for the quarter fell by 16.3 percent to USD 3.33 billion, excluding NOL contribution. The company explained that, including...
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Pope names 17 new Cardinals
November 20, 2016 No Responses

Pope names 17 new Cardinals

Pope Francis has named 17 new cardinals of the Roman Catholic Church from around the world, many of whom will help choose his successor. The new cardinals come from five continents, and include the Vatican’s envoy to Syria. The range...
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