INEOS GRENADIER PARTNERS COSCHARIS MOTORS IN NIGERIA 

INEOS GRENADIER PARTNERS COSCHARIS MOTORS IN NIGERIA 

INEOS Automotive has named Coscharis Motors as its official retail partner in Nigeria.   A statement sent to City Business News explained that Nigeria  is now the sixth market in Sub-Sahara Africa to join the INEOS Automotive brand, following South Africa, Kenya,...
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Bermuda Stock Exchange To Host WFE Annual Meeting In 2023  

Bermuda Stock Exchange To Host WFE Annual Meeting In 2023  

The World Federation of Exchanges (WFE) has announced Bermuda Stock Exchange (BSX) as host of the industry’s General Assembly & Annual Meeting in 2023.   A statement sent to City Business News explained that the meeting, now in its 62...
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Elumelu Laments Trade Discrimination Against Africa  

Elumelu Laments Trade Discrimination Against Africa  

Africa suffers the most trade discrimination in the whole world, Chairman, Heirs Holdings, Mr Tony Elumelu has said, calling on its leaders to address the barriers facing the continent.   Elemulu said this at a side event on “Charting the Course:.....
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Lagos Commences Issuance Of International Driver’s Permit 

Lagos Commences Issuance Of International Driver’s Permit 

The Lagos State Government is to commence issuance of International Driver’s Permit in December, 2022.  The Director, Vehicle Inspection Service (VIS) in the state, Mr Akin-George Fashola, said this in a statement through the Deputy Director, Public Aff...
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IMO Scribe Harps On Nigeria’s Strategic Role In Global Economy  

IMO Scribe Harps On Nigeria’s Strategic Role In Global Economy  

By Moses Ebosele, ebosele@hotmail.com   The Secretary General of the International Maritime Organization, Kitack Lim has described Nigeria as a very important country not only to Africa, but to the global economy.   City Business News reports ...
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TotalEnergies Attains $9.9b Income In Q3  

TotalEnergies Attains $9.9b Income In Q3  

French-headquartered energy giant TotalEnergies has strengthened its balance sheet and doubled its profit in the third quarter  (Q3) of 2022 on a year-on-year basis, driven by its LNG business and higher gas prices due to the Ukraine crisis. &nb...
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Grimaldi Secures Order For Five Car Truck Carriers  

Grimaldi Secures Order For Five Car Truck Carriers  

The Italian shipping company Grimaldi Group has signed an order for the construction of five new Pure Car Truck Carriers (PCTCs) with China Merchants Heavy Industries Jiangsu, which is part of China Merchant Industry Holdings. According to World Maritime ...
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Hyundai breaks Ground On $5.5b EV, Battery Plant  

Hyundai breaks Ground On $5.5b EV, Battery Plant  

Hyundai Motor Company broke ground on a $5.54 billion Electric Vehicle (EV) and battery plant in the United States.   According to Reuters, the investment is the largest in the state’s history and the latest in a string of EV...
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US Coast Guard Lauds NIMASA

US Coast Guard Lauds NIMASA

The United States Coast Guard, USCG, through Captain Brian Lisko of the US Department of State has commended the efforts of the Nigerian Government to suppress criminality in Nigeria’s maritime domain and by extension the Gulf of...
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Buhari Bids UN General Assembly Farewell As Nigeria’s Leader

Buhari Bids UN General Assembly Farewell As Nigeria’s Leader

President Muhammadu Buhari addressed the UN General Assembly on Wednesday for the last time as Nigeria’s leader. In his farewell speech, he told the global body that his administration was determined to entrench a process of free, fair, transparent and...
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Samsung, Daewoo, Secure $2.35 Order For Eleven LNG Carriers  

Samsung, Daewoo, Secure $2.35 Order For Eleven LNG Carriers  

The world’s largest shipbuilders are tapping into the surging demand for LNG carriers. South Korea’s Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering Co (DSME) has revealed a combined order for 11 LNG carriers worth approxima...
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TotalEnergies, COSCO In Milestone Biofuel Bunkering Operation

TotalEnergies, COSCO In Milestone Biofuel Bunkering Operation

TotalEnergies Marine Fuels has completed the first refuelling of a COSCO Shipping Lines containership with sustainable marine biofuel. This is TotalEnergies’ first biofuel bunkering operation for a containership in Singapore. According to World Maritime News...
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Citi Bank To Close Russian Branches

Citi Bank To Close Russian Branches

US bank Citigroup is to close its remaining branches and consumer banking operations in Russia as it exits the country in protest at the war in Ukraine. The move, which affects 2,300 staff in the country, follows an exodus of...
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Toyota Suspends Operations At Sichuan Plant

Toyota Suspends Operations At Sichuan Plant

Toyota Motor Corp has suspended operations at its plant in China’s Sichuan province after local authorities issued an order to conserve electricity. Toyota’s joint venture plant in the city of Chengdu has ceased operations until Saturday, a company spokesp...
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