Information – Page 457 – City Business News

May 2, 2018 No Responses

CFAO NIPEN Declares N6.9b Revenue, Seeks More Opportunities For Manufacturing Sector

A manufacturing subsidiary of CFAO Nigeria Plc, the Nigerian Ball-Point Pen Industries Plc, (NIPEN) has announced a revenue of N2 billion for the year ended December 31, 2016. Speaking at the company’s 42nd Annual General Meeting in Lagos, the...

May 2, 2018 No Responses

FAAN Adopts Digital Payment System

As part of measures to tackle financial leakages, the Federal Airports Authority of Nigeria (FAAN) has adopted digital payment system. The development is also designed to ease payment, create payment options and improve its speed and convenience. The ...

May 2, 2018 No Responses

LNG Floating Terminal Inaugurated

Indian’s first floating liquefied natural gas (LNG) terminal was inaugurated on May 1 by the country’s gas company H-Energy, a unit of Hiranandani Group. Eni’s floating storage re-gasification unit (FSRU) GDF SUEZ Cape Ann was hired for the job in 2017....

May 2, 2018 No Responses

Photo News

Minister of Transportation, Mr. Rotimi Amaechi; Minister of Finance , Mrs. Kemi Adeosun and Minister of Information, Lai Mohammed, at the Federal Executive Council meeting presided over by Vice President Yemi Osinbajo at the Council Chambers of the Presid...

May 2, 2018 No Responses

John Deere Unveils Agenda For Assembly Plant In Nigeria, Targets 10,000 Tractors

A tractor manufacturing company, John Deer, has unfolded agenda for an assembly plant in Nigeria. According to the company, the Assembly Plant is expected to generate jobs and produce 10,000 tractors in four years. The company unveiled the...

May 2, 2018 No Responses

Looted Fund: Nigeria To Get $500m From U.S.

The United States is finalising plans to repatriate more than $500 million (about N190 billion) looted money to Nigeria, Attorney-General and Minister of Justice Abubakar Malami has said. He told the News Agency of Nigeria (NAN) in Washington, DC, that he.....

May 2, 2018 No Responses

Nigeria Bans Cough Syrup With Codeine

Nigeria has announced a ban on the production and import of cough syrup containing codeine after a BBC investigation into its role in an addiction epidemic. A health ministry spokesman told the BBC remaining stocks in shops could be sold...

May 2, 2018 No Responses

Firm, Carnival Cruise Line Extend Cruise Service Deal

The Jacksonville Port Authority (JAXPORT) and Carnival Cruise Line have reached an agreement to extend Carnival cruise service from Jacksonville through at least May 2021 and potentially through 2027. The contract extends the cruise line’s service from Jacks...

May 1, 2018 No Responses

COSCO Shipping Records 33 Per Cent Drop In QI Profit

Shanghai-listed COSCO Shipping Holdings saw its profit plunge by 33 percent in the first quarter ended March 31, 2018. The company’s net profit dropped to CNY 180.8 million (USD 28.4 million) in the period, from CNY 270.1 million (USD 42.5 million)...

May 1, 2018 No Responses

Minister Seeks MDAs’ Cooperation For Tourism Development

The Minister of Information and Culture, Alhaji Lai Mohammed, has called for cooperation among the various Ministries, Departments and Agencies (MDAs) in the generation of relevant data that will assist inmaking policies and planning decisions for the develo...

May 1, 2018 No Responses

Labour Day: Saraki Pledges To Mobilise Lawmakers For Improved Welfare For Workers

President of the Senate, Bukola Saraki, on Monday saluted the resilience, dedication and contributions of Nigeria workers to national development pledging to mobilize the National Assembly for improved welfare for Nigerian workers. Saraki in a statement by...