Information – Page 406 – City Business News

November 2, 2018 No Responses

ExxonMobil To Produce Marine Gasoil, Diesel

ExxonMobil has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel. As explained, the new 50,000 barrel-per-day unit expands the refinery’s...

November 2, 2018 No Responses

Drunk Pilot Arrested At Airport

A Japanese pilot who was arrested at Heathrow Airport for being drunk has admitted being more than nine times the legal alcohol limit. Katsutoshi Jitsukawa, 42, who works for Japan Airlines, was arrested on 28 October after failing a breath...

November 2, 2018 No Responses

PDP: Atiku Will Reduce Fuel Price

The Peoples Democratic Party (PDP) says its Presidential candidate, Atiku Abubakar, has worked out a pricing template that will immediately crash the pump price of fuel in the country, since the President Muhammadu Buhari-led All Progressives Congress (APC) ad...

November 2, 2018 No Responses

CBN Unveils Guidelines For Payment Service Banks

As part of measures to promote a sound financial system and enhance access to financial services for low income earners and unbanked segments, the Central Bank of Nigeria (CBN) on Thursday unveiled operational guidelines for Payment Service Banks (PSBs). T...

November 1, 2018 No Responses

NAHCO Appoints Oladapo Chairman, Oluwatoyin Director

The Nigerian Aviation Handling Company Plc (nahcoaviance) has announced the appointment of Mr.SehindeFadeniOladapo as its Chairman, Board of Directors. Oladapo takes over from Arc Usman Arabi Bello, who resigned from the position on Thursday, October 25, 2018....

November 1, 2018 No Responses

Maersk Explains Instant Booking Confirmation

With the introduction of instant booking confirmation, Maersk customers can now complete their bookings within seconds compared to previous waiting times of up to two hours. Eliminating this delay, as the first in the industry, is a top priority for...

November 1, 2018 No Responses

CMA CGM Introduces Sulphur Surcharge

French container shipping company CMA CGM is implementing low sulphur surcharge from/to the ports of Shanghai and Ningbo in China. Since October 1, 2018, the 0.5% sulphur limit is applicable to the above mentioned ports. As informed, the company will impose.....

November 1, 2018 No Responses

GM Reports $2.5B Profit In Q3

Stronger-than-expected results in China and North America propelled General Motors to a 25 percent increase in pretax profit in the third quarter and net income of $2.5 billion. Meanwhile, Revenue increased 6.4 percent to $35.8 billion during the period. The...

November 1, 2018 No Responses

Nteranya Sanginga: IITA Is Addressing Food Security In Africa

Research outputs by Africa Food Prize winner, the International Institute of Tropical Agriculture (IITA), and its national partners are helping farmers to come out of poverty, creating jobs and demonstrating the possibility of having a prosperous African conti...

November 1, 2018 No Responses

Nigeria Probes National Health Insurance Scheme Boss

President Muhammadu Buhari, on Wednesday, in Abuja ordered Prof. Usman Yusuf, the Executive Secretary of the National Health Insurance Scheme (NHIS), to immediately proceed on administrative leave. Buhari gave the order in a statement signed by Mr Olusegun Ade...

November 1, 2018 No Responses

Labour Faults Governors Forum, Mobilise Nigerians For Strike

Our attention has been drawn to a communique issued by the Nigeria Governors Forum (NGF) after its meeting on 30th October, 2018 claiming that State Governors can only pay N22,500 as the New National Minimum Wage. First, we wish to...

November 1, 2018 No Responses

Dangote Refinery Explains Agenda For Euro V Specification

Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification. Sulphur in petroleum fuels...

November 1, 2018 No Responses

How To Transform Societies, Change Lives Through Capital Markets, By Arunma Oteh

At the recent 58th Annual General Meeting of World Federation of Exchanges (WFE) in Athens, Arunma Oteh, Vice President of the World Bank took part in a fireside chat with Nandini Sukumar, CEO, WFE where Arunma spoke about how “exchanges...

November 1, 2018 No Responses

NPA Photo News

Representative of the Managing Director, Nigerian Ports Authority (NPA), Engr. TolulopeTalabi (2ndright), the delegation of German Industry and Commerce in Nigeria, Dr. Marc Lucassen (left), the Director, Business Development, Deborah Egerue (2nd left) and th...