City Archives — Page 72 of 489

January 23, 2024 No Responses

Dangote Cement Hits N10tri Market Capitalisation, Otedola Explains Interest

Foremost cement manufacturing firm, Dangote Cement Plc hit a milestone as a N10 trillion company on Monday at the Nigerian Exchange, the first company to attain such a valuation. Meanwhile, Business Man, Mr. Femi Otedola also on Monday confirmed investing some...

January 22, 2024 No Responses

ExxonMobil Sues Investors

Oil giant ExxonMobil has sued climate activist investors in a bid to prevent their climate proposal from going to a vote at its annual investor meeting. The complaint is against Follow This and Arjuna Capital, which have called on Exxon...

January 22, 2024 No Responses

NDLEA Intercepts 5.6m Pills Of Tramadol

The National Drug Law Enforcement Agency (NDLEA) has made a significant seizure of illicit drugs in Kano, apprehending three suspects with a total of 5,653,000 pills of tramadol 250mg and exol-5. A statement issued by Mr. Femi Babafemi, the Director...

January 21, 2024 No Responses

BYD Takes Delivery Of First Car Carrier

BYD, a China-based electric vehicle (EV) manufacturer that overtook Tesla as the world’s biggest EV seller in 2023, has taken delivery of its first car carrier which is dual-fueled. The maiden voyage ceremony for BYD Explorer No.1, the 7,000 CEU...

January 21, 2024 No Responses

Electric Mini Cabs Debuts In Lagos

The Ikoyi Obalende Local Council Development Area (LCDA) in Lagos State, has announced plans to roll out 200 electric mini cabs as part of the council’s empowerment programme for 2024. Briefing Journalists, Chairman of the Council, Fuad Atanda-Lawal explaine...

January 20, 2024 No Responses

Samsung Gets $235m Gas Carrier Contract

South Korean shipbuilder, Samsung Heavy Industries (SHI) has won a construction contract for two liquified petroleum gas (LPG)/ammonia carriers. The deal, valued at $235 million, was signed with undisclosed shipowners in the Oceania region. Samsung said that t...

January 20, 2024 No Responses

CBN To Hold First MPC Meeting Under Cardoso

The Central Bank of Nigeria (CBN) is to hold its first Monetary Policy Committee meeting under the tenure of Mr. Olayemi Cardoso as Governor on Monday, February 26 and Tuesday, February 27, 2024. The announcement follows a two-day strategic session...

January 19, 2024 No Responses

Shippers Council Boss Lauds Ports & Cargo On Investment, Dedication

The newly appointed Executive Secretary/CEO, Nigerian Shippers Council, Mr. Pius Ukeyima Akutah (MON)has expressed satisfaction over the impact Ports & Cargo Handling Services Limited, the flagship company and subsidiary of SIFAX Group has had on...

January 19, 2024 No Responses

FG Relocates FAAN HQ To Lagos

The Federal Government (FG) has relocated the headquarters of the Federal Airports Authority of Nigeria (FAAN) from Abuja to Lagos. The relocation was officially announced by the Minister of Aviation and Aerospace Development, Festus Keyamo, in a memo dated 15...

January 19, 2024 No Responses

FAAN Explains Relocation Of Headquarters To Lagos

RE: RELOCATION OF FAAN CORPORATE HEADQUARTERS FROM ABUJA TO LAGOS The Federal Airports Authority of Nigeria notes the inquiries some Nigerians have made regarding the directive of the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, CON,...

January 19, 2024 No Responses

Edo Hosts BRACED Commission, Obaseki Emerges New Chairman

The Edo State Governor, Mr. Godwin Obaseki, on Thursday, played host to the Governors of the South-South States for the BRACED (Bayelsa, Rivers, Akwa Ibom, Cross River, Edo and Delta) Commission meeting. The meeting held at the Edo State Government...

January 18, 2024 No Responses

Shell Suspends All Red Sea Shipments

Shell has suspended all shipments through the Red Sea indefinitely amid the ongoing Houthi attacks from Yemen on commercial vessels on the key global trade route. Shell is the latest firm in a long line of companies, which decided to...

January 18, 2024 No Responses

NSC Decries Rail Tracks Vandalism

The Nigerian Shippers’ Council (NSC) has expressed concern over the vandalism and theft of railway tracks connecting inland ports across the country. The council’s Executive Secretary, Pius Akutah, raised the concern on Tuesday while inspecting the Funtua ...

January 18, 2024 No Responses

Isale Eko Descendants Union Salutes Jide Kosoko At 70

The Isale Eko Descendants Union, IDU, has joyously extended warm wishes and congratulations to the iconic Nigerian actor, Prince Jide Kosoko, as he celebrates his remarkable 70th birthday. The union, in a statement signed by its Chairman, Adeniji Kazeem (SAN),...