Information Archives — Page 358 of 512

May 13, 2018 No Responses

Edo Parleys Host Communities On Benin Industrial Park, Pledges Compensation

The Edo State Government has assured communities hosting the Benin Industrial Park project that adequate compensation will be paid to groups or individuals with legal claim to land and structures within the area where the park is being developed. Secretary...

May 13, 2018 No Responses

Firm Takes Delivery Of Second CMA CGM Saver

Hong Kong-based containership manager and owner Seaspan Corporation has added another 10,000 TEU SAVER design containership to its fleet. The newly built CMA CGM Cochin will commence a fixed rate time charter with French shipping major CMA CGM for a three ye...

May 12, 2018 No Responses

Geely Proposes Dual Listing For Volvo In Hong Kong, Sweden

Volvo parent company, Zhejiang Geely has selected Citigroup, Goldman Sachs and Morgan Stanley to advise on an initial public offering (IPO). According to Bloomberg, Geely is looking at a value of between $16 billion and $30 billion and a dual...

May 12, 2018 No Responses

Diamond Bank Explains N1.8B Revenue In Q1

Diamond Bank Plc has declared growth in its mobile banking revenue from N1.2 billion in Q1 2017 to N1.8 billion in Q1 2018. In its Q1 result released on the floor of Nigerian Stock Exchange (NSE), said Increases were...

May 12, 2018 No Responses

Panama Probes Treatment Of Tug Captains

A Panamanian government agency is to launch an inquiry into the Panama Canal Authority’s treatment of tugboat captains, the International Organization of Masters, Mates & Pilots (MM&P) said. The Autoridad Nacional de Transparencia Internacional (ANTA...

May 11, 2018 No Responses

Nigeria Seals Agric Mechanization Partnership With John Deere, To Promote Local Content, Training

citybusinessnews@yahoo.com – Barely two weeks after a business meeting with President Muhammadu Buhari in Washington DC, United States of America (USA), representative of Agricultural equipment manufacturers, John Deere are in Nigeria to hold furth...

May 11, 2018 No Responses

Port Workers Begin Nation-Wide Strike

Workers across Italian ports launched a 24-hour strike on May 11, voicing their dissatisfaction over the lack of lashing legislation enforcement and poor safety in Italian ports. The strike is lead by unions FILT CGIL, Fit Cisl and Uiltrasporti Nazionale,...

May 11, 2018 No Responses

Rolls-Royce £200,000 SUV Debuts

Rolls-Royce has become the latest luxury car maker to launch an SUV. Chief executive Torsten Müller-Ötvös said the new Cullinan, which will cost more than £200,000, was a “seminal” moment and probably the “most anticipated” Rolls-Ro...

May 11, 2018 No Responses

Nigeria To Mobilise More Revenues For Growth, Says Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, disclosed on Thursday that the Federal Government would mobilise more revenues to drive its growth plan for the economy. The Minister made this known in Abuja at a meeting with a World...

May 11, 2018 No Responses

Ethiopian Airlines, Air Côte d’Ivoire Seal Agreement On West Africa, US routes

The managements of Ethiopian Airlines and Air Côte d’Ivoire have entered into a codeshare agreement effective May, 2018. Under the new codeshare partnership, passengers originating from West African countries, especially from Lagos, Bamako, Cotonou, Accra...

May 11, 2018 No Responses

CBN: Banks Are Sabotaging Our Efforts On New Notes

The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new ones in the country. Mr Isaac Okorafor, Acting Director, Communications Department of the CBN, made the allegation in Lagos on...

May 11, 2018 No Responses

Nigerian To Sue US Customs Over $41,000 Seizure

A Nigerian woman is suing the US customs agency after it seized tens of thousands of dollars which was earmarked to build a free medical clinic in Imo state. According to the Washington Post, Anthonia Nwaorie was carrying $41,000 (£30,000)...

May 11, 2018 No Responses

NSE Photo News

L – R::Tinuade Awe, Executive Director, Regulation, The Nigerian Stock Exchange (NSE) presenting a replica of the closing gong to Scott Wilson, Chief Investment Officer (CIO), Washington University Management Co. Limited, Missouri, USA during a courtesy vi...

May 10, 2018 No Responses

Forum Explores SME Access To Funding Through Capital Markets

The public sessions of the International Organization of Securities Commissions (IOSCO) opened on Thursday with special focus on Small and Medium Enterprises (SME) access to funding through capital markets. Members also explored the sale of unsuitable produc...