Information – Page 522 – City Business News

July 11, 2017 No Responses

FirstBank appoints Abdullahi Ibrahim as Executive Director

First Bank of Nigeria Limited, on Monday announced the appointment of Mr. Abdullahi Ibrahim as an Executive Director. Prior to this appointment, Abdullahi was the Bank’s Group Executive, Retail Banking North. Mr. Ibrahim’s appointment is in sync with FirstBank’s...

July 11, 2017 No Responses

FG unveils agenda to boost creative industry

The Federal Government on Monday announced a tripartite partnership with the CNN and the UN World Tourism Organization (UNWTO) to boost the Creative Industry in Nigeria, using the film industry as a pivot. The Minister of Information and Culture, Alhaji Lai ...

July 11, 2017 No Responses

Etisalat pulls out of Nigeria

Abu Dhabi’s Etisalat has terminated its management agreement with its Nigerian arm and given the business time to phase out the brand in Nigeria, the chief executive of Etisalat International told Reuters on Monday. Nigerian regulators intervened last week t...

July 11, 2017 No Responses

India to construct LNG import terminal

India has taken a step toward increasing seaborne imports of liquefied natural gas (LNG) as the country held a ground breaking ceremony for the construction of an LNG terminal in Bhadrak. Officials informed that cargoes carried from the US, Canada...

July 11, 2017 No Responses

Porsche under investigation over alleged fraud

The Stuttgart prosecutor’s office said on Monday employees at German sports car maker Porsche AG and its U.S. subsidiary were being investigated for suspected fraud and false advertising related to diesel emissions. The probe is the latest twist in...

July 10, 2017 No Responses

Cosco to aquire OOIL for $6.3b, hits 400 vessels

Chinese shipping giant Cosco is set to buy its Hong Kong rival OOIL for $6.3bn (£4.9bn). The deal would make Cosco the world’s third biggest shipping company, with more than 400 vessels. OOIL’s majority owner has accepted the bid, though...

July 10, 2017 No Responses

Police assures NSC of support in monitoring, compliance at Seaports

The Nigerian Police Force, Marine Police Command has assured the Nigerian Shippers’ Council (NSC) of support in carrying out some of its statutory obligations at the nation’s ports. The Assistant Inspector General of Police, AIG Pius Imue made the promis...

July 10, 2017 No Responses

CBN targets single digit inflation

Nigeria “will get back” to single digit inflation, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has declared. In an interview with Arise Television, Emefiele explained that with the improvement seen in growth from the negative 1.7...

July 9, 2017 No Responses

Police to personnel: Stop interception of already cleared cargoes

The Marine Command of Nigerian Police Force, has assured Nigerian Shippers’ Council (NSC) of support in carrying out some of its statutory obligations at the nation’s ports. The Assistant Inspector General of Police, AIG Pius Imue made the promise during...

July 9, 2017 No Responses

Abu Dhabi opens new seaport

Port developer and operator Abu Dhabi Ports officially inaugurated the new Delma Port, set to play an active role in promoting economic and social growth in the Al Dhafra region. Located on the eastern side of Delma Island, the new port...

July 8, 2017 No Responses

Audi manager comes under scrutiny over VW emission scandal

(BBC)-German authorities have arrested an Audi manager in connection with the Volkswagen diesel scandal. This is the first arrest in Germany related to Volkswagen’s emissions-test cheating scandal. Munich prosecutors declined to comment on whether the ar...

July 8, 2017 No Responses

NLNG Photo News

Front: (left to right): GM, External Relations, NLNG, Kudo Eresia-Eke; incoming MD, NAVGAS, Marlin Figueira; MD, NLNG, Tony Attah; outgoing MD, NAVGAS Ian Brown; Deputy MD, NLNG, Sadeeq Mai-Bornu and HSE Manager, NAVGAS Bart Claassen Back (left to right): G...

July 8, 2017 No Responses

Committee declares N2.18bn allocation for LGs in Edo

The Edo Joint Account and Allocation Committee (JAAC) has declared N2.18 billion as total allocation accrued to the 18 local governments in the state from the Federation Account for the month of June. Mr Anthony Eboigbodin, the Head of Uhunmwode...

July 7, 2017 No Responses

Mitsubishi Pajero Sport debuts in Nigeria

The all new Mitsubishi Pajero Sport has formerly settled in Nigeria courtesy Massilia Motors, sole distributor of Mitsubishi vehicles in Nigeria. Massilia Motors, a joint venture of CFAO and Kewalram Chanrai Group boast of seasoned personnel and strong ...