Tag: Citybusinessnews
At NDSF 2023, Stakeholders Restate Importance Of 5G Services
Stakeholders in the Information and Communication Technology (ICT) industry have restated the value of the Fifth Generation (5G) services, especially on the positive use of the internet to ease connectivity.They also noted that 5G technology has enhanced capab...
Firms Seal LNG Bunkering Partnership
Italian maritime transportation group, Fratelli Cosulich has started a collaboration with low and zero-emission fuels supplier, Titan as it seeks to strengthen its position in the European LNG bunkering market. As part of this collaboration, Fratelli Cosu...
MOL Appoints First Female Captain
Japanese shipping major, Mitsui O.S.K. Lines (MOL) has appointed Naomi Matsushita as the captain of its car carrier, Beluga Ace, effective June 6. World Maritime News report that the decision marks a significant step forward for gender diversity in the...
Telecom Sector Contributes N2.508Tri To Nigeria’s GDP
The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per cent. F...
Ardova Shareholders Okay Transfer Of Shares At N17.88 Per Share
The shareholders of Ardova Plc, at a Court Ordered Meeting held in Lagos, on Wednesday, 31 May, 2023, approved the Scheme of Arrangement for the holders of its fully paid ordinary shares of 50 kobo each, subject to the approval...
Elumelu: Africa Needs To Rethink Its Relationship With Business
Africa needs to rethink its relationship with business, foremost Nigerian industrialist and Chairman, Heirs Holdings Group, Tony Elumelu, has reinstated. According to Elumelu, “Africapitalism” means the private sector can transform Africa’s economy and s...
NGX RegCo, ISSB, FRCN To Host Webinar On Sustainability Disclosure Standards
NGX Regulation Limited (NGX RegCo), in collaboration with the International Sustainability Standards Board (ISSB) and Financial Reporting Council (FRC) of Nigeria, is set to host a 3-day workshop/webinar on sustainability disclosure standards for companies as ...
DNV: Biofuel Key To Maritime Decarbonisation
The flexibility of biofuels can enable the shipping industry to accelerate its journey towards decarbonisation while maintaining operational efficiency. In its latest white paper “Biofuels in shipping,” classification society, DNV reported that the current...
Unity Bank Grows Gross Earnings to N57Billion In 2022
Unity Bank Plc has posted a Profit Before Tax of N1.1 billion for its full-year results that ended December 2022, even as its gross earnings rose by 13.1% to N57 billion from N50.2 billion in the corresponding period of 2021. ...
Army Lauds NDDC, Pledges To Sustain Peace In Niger Delta
The Commanding Officer 29 Battalion, Nigerian Army, Port Harcourt, Lt. Colonel Aliyu Manga, has commended the Niger Delta Development Commission, NDDC, for co-operating with security agencies working in the Niger Delta region to ensure peace. Speaking during...
Shipowners Implore UN Member State On Ambitious Course For 2050
The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted detailed proposal for the next round of IMO negotiations set for July this year with the aim of increasing decarbonization tar...
2023 Hajj: Air Peace Begins Airlift Of Nigerian Pilgrims
Air Peace has commenced the airlift of Nigerian pilgrims for the 2023 Hajj, a statement issued by the airline has revealed. The statement made available to City Business News on Friday explained that the airline will be airlifting the pilgrims...