Information – Page 429 – City Business News

August 22, 2018 No Responses

Maersk To Test Northern Sea Route

Danish industry major A.P.Moller Maersk is about to send a containership through the Northern Sea Route as part of a test run aimed at collecting scientific data. The route is becoming ever more appealing to the shipping industry, especially to...

August 22, 2018 No Responses

Minister: 2019,’Year of Decision’ For Nigerians

The Minister of Information and Culture, Alhaji Lai Mohammed, has commended Nigerians for their perseverance and support for the Administration of President Muhammadu Buhari. Speaking with journalists in his country home at Oro, Kwara State, on the occasio...

August 21, 2018 No Responses

1,000 Entrepreneurs Storm Heritage Bank’s Next Titans Audition

The Lagos audition of the Heritage Bank Plc’s entrepreneurial reality TV show, popularly called the Next Titan, was held with no fewer than 1000 contestants in attendance. The enthusiastic contestants trooped to Excellence Hotel, Ogba, venue of the auditio...

August 21, 2018 No Responses

ATM Records N1.603B Transactions In Q2

Nigeria recorded not less than 217,417,961 volume of Automated Teller Machine (ATM) transactions valued at N1.603 billion in Second Quarter, the National Bureau of Statistics (NBS) has said. According to the report, NBS a total of 509,668,433 transactions va...

August 21, 2018 No Responses

Afolabi, Folarin, Sarumi Proffer Solutions To Rising Port Costs

Dr. Taiwo Afolabi, Group Executive Vice Chairman, SIFAX Group, a multinational corporation with diverse interests in Maritime, Aviation, Haulage & Logistics, Oil & Gas and Hospitality, and other maritime experts have proffered solutions to address the ...

August 21, 2018 No Responses

NUJ Condemns Demolition Of Fresh FM

The Nigeria Union of Journalists, NUJ, Oyo State Council has condemned the demolition of the Music House of Fresh FM 105.9, Ibadan by the Oyo State Government. The NUJ in a statement jointly signed by the Chairman and Secretary of...

August 21, 2018 No Responses

Diamond Bank Disburses N1B To SMEs

Diamond Bank Plc has announced its disbursement of over N1 billion under the cash flow-based SME lending scheme. Launched in January 2017 in partnership with the Women’s World Banking (WWB), the scheme features the Cash Flow-based MSME Lending Methodolo...

August 21, 2018 No Responses

WFE Proposes Enhancements To Financial Stability Board’s Cyber Lexicon

The World Federation of Exchanges (WFE), has published its response to the Financial Stability Board’s (FSB) Cyber Lexicon Consultation. The FSB’s document – a draft glossary of common terms related to cyber security and cyber resilience –...

August 20, 2018 No Responses

NLNG Train 7 To Increase FDI

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, over the weekend said NLNG’s planned Train 7 Project, which will increase production output of its plant from 22 Million Tonnes Per Annum (MTPA) to 30...

August 20, 2018 No Responses

Photo News

L-R, Research Associate, Center for International Development Korea, Mrs Anna Ko, Dean Department of Economics and Statistics Korea University Prof Lee Jae-Won. Acting Executive Commissioner, Operations Securities and Exchange Commission SEC, Mr Isyaku T...

August 20, 2018 No Responses

Maersk To Focus On Transport, Lists Drilling As Stand Alone Firm

Danish transport and logistics group A.P. Moller – Maersk has decided to list Maersk Drilling as a standalone company on Nasdaq Copenhagen in 2019 in an effort to focus on transport and logistics. Having evaluated the different options for Maersk Drilling,....

August 19, 2018 No Responses

Firm Secures $47m Grimaldi’s Nine RoRo Vessels Contract

Norwegian maritime technology group Kongsberg Maritime has been awarded contracts with China’s Nanjing Jinling Shipyard to deliver power and hybrid systems to nine roll-on/roll-off (RoRo) vessels ordered by Italian Grimaldi Group. The contracts are valued at...

August 19, 2018 No Responses

“How To Sustain Growth, Harness 70 % Of Cargo Traffic In West, Central Africa”

The Chairman, Nigerian Ports Consultative Council (NPCC), Otunba Kunle Folarin has challenged Nigerian stakeholders to take full advantage of the nation’s port reforms. Speaking in Lagos during the 3rd Annual Taiwo Afolabi Maritime Conference, organized ...

August 19, 2018 No Responses

Buhari Mourns Kofi Annan

President Muhammadu Buhari has commiserated with the government and people of Ghana over the passing of former UN Secretary General, Kofi Annan, in the early hours of Aug. 18. A statement issued by Mr Femi Adesina, the President’s Special Adviser...