Economy Archives — Page 121 of 259

September 14, 2023 No Responses

MSC To Acquire 49% Stake In Hamburg’s HHLA

A wholly owned subsidiary of MSC Mediterranean Shipping Company, the world’s largest container shipping company, has revealed plans to acquire a substantial 49% shareholding in HHLA Hamburger Hafen und Logistik AG, a prominent port operation, container transport, and logistics group...

September 13, 2023 No Responses

UBA Declares N404b PBT, 50k Interim Dividend

For the half year ended June 30, 2023, United Bank for Africa (UBA) Plc, delivered an outstanding performance as announced in its audited financial report. The results released to the Nigerian Exchange Limited (NGX) on Tuesday showed that the Group...

September 13, 2023 No Responses

NIMASA DG: Seafarers Welfare Key To Success Of Maritime Sector

The Nigerian Maritime Administration and Safety Agency (NIMASA) hosted an enlightenment workshop for seafarers, employers of seafarers and other maritime stakeholders in Lagos on Seafarers’ Medical Certification and other related issues concerning the health...

September 13, 2023 No Responses

Amit Sharma: Nissan’s New E-Power Technology Is Game Changer

General Manager of Stallion NMN, Nigeria’s exclusive representative of Nissan brand, Amit Sharma, has described Nissan’s E-POWER, a revolutionary technology which has already been introduced to both the Qashqai and the X-Trail, models as a game changer in ...

September 12, 2023 No Responses

Egypt, Ghana, Rwanda, Others Back Carbon Levy On Shipping

A coalition of 20 African nations has thrown their weight behind the Nairobi Declaration, advocating for a global carbon levy on shipping. The declaration was adopted at the Africa Climate Summit held in Nairobi last week, and it calls for...

September 12, 2023 No Responses

Ecobank Announces Back-To-School Packages For Customers

Ecobank Nigeria is offering special loan packages for parents and guardians to enable them pay school fees for their children and wards ahead of resumption for the 2023/2024 school year. The Bank is also making special infrastructure loans avai...

September 12, 2023 No Responses

Zenith Bank Declares N15.70b Interim Dividend

For the half year ended June 2023, Zenith Bank Plc has declared an interim dividend of N15.70 billion, representing N0.50 per share. In a notice to the Nigerian Exchange Limited (NGX), the Board of Directors proposed the payment of an interim....

September 11, 2023 No Responses

United Nigeria Airlines Gets Approval To Fly UK, US, UAE, Others

THE Federal Government has granted the approval of the United Nigeria Airlines to begin international flights operations into six countries, including United Kingdom. Mr Hassan Ejibunu, Director, Air Transport Management, Ministry of Aviation and Aer...

September 11, 2023 No Responses

NDLEA Impounds Meth, Skunk Consignments At Lagos Airport

The National Drug Law Enforcement Agency (NDLEA) has intercepted consignments of skunk concealed in tomato paste tins and methamphetamine hidden in used clothes. The hard drugs were meant for export to Dubai, the United Arab Emirates. A statement by the...

September 11, 2023 No Responses

Catholic Bishops Task Governments On Proliferation Of Arms

Catholic Bishops, on Sunday in Abuja urged governments at all levels to checkmate the proliferation of small arms as insecurity rages unabated in the country, They decried the terror regularly unleashed on communities by bandits, religion extremists and other ...

September 9, 2023 No Responses

Mixed Reactions As Africa Climate Summit Ends

Activists at the just concluded first Africa Climate Summit have called for commitment towards the tripling of global renewable energy capacity to 11,000 Gigawatt by 2030, the level required to limit global heating to 1.5 degrees celsius. ...

September 9, 2023 No Responses

FRSC Begins Safety Checks On Vehicles

THE Benue State Command of the Federal Road Safety Corps (FRSC) on Friday began a four-day free safety check on vehicles. Speaking with Journalists after the check at Kanda Cruise and Ihuto Motors parks in Makurdi, Mr Steve Ayodele, the...

September 9, 2023 No Responses

Customs To Tackle Faulty Documentation, Under-Declaration By Importers

THE Nigeria Customs Service (NCS) has vowed to tackle faulty documentation and under-declaration of goods by importers through continued stakeholders’ engagements. The Customs Comptroller of Port Harcourt Area 1 Command, Mr Chedi Wada, stated this on Friday ...

September 8, 2023 No Responses

STOAN Increases Dockworkers Wages By 2000 Per Cent In 17 Years

The Seaport Terminal Operators Association of Nigeria (STOAN), on Thursday, disclosed that Dockworkers who work at the ports have had their take-home increased by 2000 percent since the Federal Government introduced the port reform in 2006. The Chairman of STO...