Citybusinessnews Archives — Page 61 of 68

May 17, 2022 No Responses

Samsung Secures Order For 11 New LNG Carriers

South Korean shipbuilders Korea Shipbuilding & Offshore Engineering and Samsung Heavy Industries have won orders for a total of seven new LNG carriers. On 17 May, KSOE said it won a $910 million (1.17 trillion KRW) order to construct...

May 17, 2022 No Responses

NCDMB To Host Summit On Midstream, Downstream Operations

By Moses Ebosele, ebosele@hotmail.com The Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to host the maiden edition of the Nigerian Content Midstream/Downstream Oil & Gas Stakeholders Summit, with theme, Maximizing...

May 17, 2022 No Responses

Dangote Cement Declares N413.2b Revenue, ₦105.9b Profit In Q1

For the first quarter (Q1) of 2022 ended March 31, 2022, Dangote Cement Plc recorded unaudited 24.2 percent increase in revenue and an 18 percent increase in profit after tax, amounting to N413.2 billion revenue and profit after tax of₦105.9 billion...

May 16, 2022 No Responses

NPA May Revoke Concession Agreement

The Nigerian Ports Authority (NPA) has disclosed that five terminal operators are being monitored to ensure they do the right things as regards their commitment and obligations as agreed under the Port Concession agreement. Speaking at an interact...

May 16, 2022 No Responses

NPA Partners NLNG On Vessel Traffic Services

By ebosele@hotmail.com The Nigerian Ports Authority (NPA) is working closely with the Nigeria Liquefied Natural Gas (NLNG) to deploy Vessel Traffic Services (VTS) in Bonny. Already, arrangements are being put in place for survey as part...

May 16, 2022 No Responses

NLNG Tops Tax Compliance Firms In Nigeria

The Federal Inland Revenue Service (FIRS), on Monday, listed Nigeria’s top-performing taxpayers in the year 2021 and commended them for their exceptional efforts in contributing towards providing the necessary funds for the government to meet its social cont...

May 16, 2022 No Responses

SAHCO Wins Best Performing Stock Award

Skyway Aviation Handling Company Plc (SAHCO) has won the award of “Best Performing Stock” for the year 2021 at the Nigerian Investor Value Awards 2022 (NIVA) hosted by BusinessDay and the Nigerian Exchange (NGX). A statement issued by Man...

May 16, 2022 No Responses

Bus Driver Bags Life Imprisonment For Sexually Assaulting Five-Year-Old Pupil

An Ikeja Domestic Violence and Sexual Offences Court on Monday sentenced a school bus driver, Tony Akpan to life imprisonment for sexually assaulting a five-year-old pupil. Justice Abiola Soladoye in her judgment, held that the prosecution had overwhelming ...

May 13, 2022 No Responses

Nigerian Army Pulls Out 14 Infantry Generals From Active Service

The Nigeria Army (NA) on Friday pulled out 14 Infantry generals from active service in a colourful ceremony in Kaduna.The retired officers who were pulled out in a parade at the Jaji Military Cantonment, Kaduna, consisted eight Maj-Generals and six...

May 13, 2022 No Responses

Navy Seeks Speedy Trial Of Sea Pirates, Arrested Vessels

The Nigerian Navy has called on the nation’s judiciary to ensure a speedy trial of sea pirates and other suspected criminals involved in illegal bunkering activities on the nation’s maritime environment. Chief of the Naval Staff, Vice Adm. Awwal...

May 13, 2022 No Responses

Okomu Oil Appeals To Host Communities For Protection

The management of Okomu Oil Palm Company Plc has appealed to its host communities to protect it from incessant attacks and stealing by thieves. The company, headquartered in Okomu in Ovia South West Local Government Area of Edo, is...

May 12, 2022 No Responses

DMO Lists N225b FGN Bond For Subscription By Auction

The Debt Management Office (DMO) has announced an offer of three Federal Government of Nigeria (FGN) bonds valued at N225bn, for subscription through auction. The DMO announced the bonds offer in a statement on Thursday. The offers are...

May 12, 2022 No Responses

Nigeria Withdraws From International Basketball Competitions For Two Years

President Muhammadu Buhari has approved the withdrawal of Nigeria from all international basketball competitions for a period of two years with immediate effect. Sunday Dare, the Minister of Youth and Sports Development, disclosed this while briefing ne...

May 12, 2022 No Responses

NLNG’s Science Prize Judges Receive 107 Entries For 2022 Cycle

The panel of judges for The Nigeria Prize for Science has received the entries from scientists worldwide for the 2022 edition, signalling the commencement of the race to find a winner with the best scientific or research work on the theme...