Information – Page 380 – City Business News

April 8, 2022 No Responses

LNG Carrier: CoolCo Completes Acquisition From Golar

The newly formed shipping company, CoolCo has completed all eight acquisitions of LNG carriers from Bermuda-based shipper Golar LNG. Cool Company disclosed that it completed the last two acquisitions of eight modern LNG tankers from Golar LNG on April 6, 2022. The...

April 8, 2022 No Responses

Beyond Banking, Union Bank Unveils Future-Forward Innovative Co-Creation Hub, SpaceNXT

Union Bank Plc has launched a technological and innovation hub known as SpaceNXT. Built to promote innovation and encourage collaboration within the tech ecosystem in Nigeria, SpaceNXT is a future-forward purpose-designed co-working hub for innovators, creato...

April 8, 2022 No Responses

Mandilas Empowers Lagos Artisans With Mechanical Toolboxes, Spraying Machines

By Moses Ebosele, ebosele@hotmail.com — As part of its Corporate Social Responsibility (CSR), Mandilas Group Limited has donated complete mechanical toolboxes and spraying machines to artisans within Lagos Island East Local Council Development Are...

April 8, 2022 No Responses

UBA Assures Investors, Shareholders Of Sustained Growth

United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustaining its current growth trajectory. The Group Chairman, Tony Elumelu, gave the assurance at the 60th Annual General Meeting of UBA at the...

April 8, 2022 No Responses

Neimeth Explains Agenda For N5b Fresh Capital

Shareholders of Neimeth International Pharmaceuticals PLC have approved the plan of the Board to raise the sum of N5 billion through a hybrid offering of Rights to existing shareholders and private placement. The money will be used to finance major...

April 8, 2022 No Responses

Q1: Apapa Customs Command Generates N264.53b

The Nigeria Customs Service (NCS), Apapa Area Command, has generated N264.53bn in the first quarter of the year. Comptroller Malanta Yusuf of the Apapa command made this known during a media conference in Lagos on Thursday. He said that the...

April 8, 2022 No Responses

SEC Concludes ISA Review

April 8, 2022 No Responses

IOSCO Seeks Feedback On Market Liquidity, Corporate Bond Markets, Others

The Board of the International Organization of Securities Commissions (IOSCO) is publishing its report on corporate bond markets – drivers of liquidity during COVID-19 induced market stresses and invites stakeholder feedback on the analysis. &...

April 6, 2022 No Responses

Man Bags Life Imprisonment For Raping, Robbing Student At UNILAG

An Ikeja Domestic Violence and Sexual Offences Court on Tuesday sentenced a man, Collins Okechukwu, to life imprisonment for raping and robbing a 25-year-old student (name withheld) at the University of Lagos. Delivering judgement, Justice Abiola Soladoye, ...

April 6, 2022 No Responses

DMO Releases FG’s N720b Q2 Borrowing Plan

The Debt Management Office (DMO) has released schedule of local borrowings of about N720billion by the Federal Government for the second quarter. The schedule is contained in the DMO’s “FGN Bonds Issuance Calendar For The Second Quarter, 2022’’. ...

April 5, 2022 No Responses

Presco Issues N34.5b Series 1 Bond

By Moses Ebosele, ebosele@hotmail.com — Market leader in the supply of specialty fat and oils, Presco Plc has announced successful issuance of N34.5billion Series 1 seven-year Fixed Rate Bonds under its N50 billion Bond Issuan...

April 5, 2022 No Responses

Senate Extends 2021 Budget Implementation To May 31

The Senate has extended the implementation of 2021 budget from March 31 to May 31.This followed the consideration of a bill to Amend the 2021 Appropriation Act. The Senate before considering the bill suspended Rule 78(1) of the Senate Standing...

April 5, 2022 No Responses

NLNG Plants: FG Charges Shell, Chevron, NNPC, Others On Gas Supply

The Federal Government has appealed to partners in Nigeria Liquified Natural Gas (NLNG) project to allow transportation of third-party gas through joint pipelines as part of measres to increase gas supply to the plant. Minister of State, Petroleum Resour...

April 5, 2022 No Responses

SAHCO Acquires More Ground Handling Equipment, Boosts Operation

Skyway Aviation Handling Company (SAHCO) Plc has acquired more ultra-modern Ground Support Equipment (GSE). The new fleet of equipment acquired includes ten Passenger Step Units that were manufactured by Mallaghan which is a renowned aviation industry manufact...