Tinubu Receives ENI Delegation

Tinubu Receives ENI Delegation

President Bola Tinubu on Friday in Abuja received a delegation from international energy company, ENI. Tinubu commended the company for its proposed new investment in Nigeria, reiterating his vision of making the nation more globally competitive and an investment destination....
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EFCC, FBI Strengthen Partnership

EFCC, FBI Strengthen Partnership

The Economic and Financial Crimes Commission (EFCC)and the Federal Bureau of Investigation (FBI)on Friday, June 14, 2024 brokered a renewed strategic alliance towards tackling the menace of internet crimes and other waves of emerging and old crimes that are of...
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WFE Re-Elects CEO For 4th Term 

WFE Re-Elects CEO For 4th Term 

The World Federation of Exchanges, the global industry association for exchanges and clearing houses has announced the re-election of its CEO, Nandini Sukumar, to the position of Vice Chair of the International Organization of Securities Commission’s (IOSCO)...
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Boeing Urges 737 Max Inspections For Possible Loose Bolt

Boeing Urges 737 Max Inspections For Possible Loose Bolt

Boeing is urging airlines to inspect its 737 Max airplanes for a possible loose bolt in rudder control systems. The airplane maker called for the inspections after an international operator discovered a bolt with a missing nut, the Federal Aviation...
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China Maintains Lead In Global Shipbuilding

China Maintains Lead In Global Shipbuilding

China’s shipbuilding output surged by 12.3 percent year-on-year, reaching 38.09 million deadweight tons in the first 11 months of 2023, capturing over 50 percent of the world market. New orders followed suit, witnessing an impressive 63.8 percent YoY increas...
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Nigeria Firm To Export Gas To South Africa

Nigeria Firm To Export Gas To South Africa

A Nigerian-based energy company, Riverside LNG, has revealed ongoing discussions regarding a potential agreement to supply gas to South Africa from the first quarter of 2024.   This would mark the first such deal between the two nations, sh...
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Firm Seals $3.1b Deal For 11 LNG Carriers

Firm Seals $3.1b Deal For 11 LNG Carriers

A maritime firm, Shipowner Capital Product Partners has sealed  agreement for  the acquisition of 11 newbuild Liquefied Natural Gas (LNG) carrier vessels worth $3.1billion.  World Maritime News report that each vess...
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At IMO General Assembly, Oyetola  Reiterates FG’s Commitment To  Reposition Maritime Sector 

At IMO General Assembly, Oyetola  Reiterates FG’s Commitment To  Reposition Maritime Sector 

Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola has restated the commitment of President Bola Ahmed Tinubu’s administration to reposition the nation’s maritime sector in line with its agenda for economic growth and developme...
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Qatar Airways Group Appoints New Chief Executive

Qatar Airways Group Appoints New Chief Executive

After 27 years of remarkable service, Qatar Airways Group Chief Executive, Mr. Akbar Al Baker will be stepping down from his current position as Group Chief Executive Officer effective November 5th, 2023, and will be succeeded by Engr. Badr Mohammed...
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Qatar Airways Cargo Celebrates 20 Years Of Dedicated Operations

Qatar Airways Cargo Celebrates 20 Years Of Dedicated Operations

Qatar Airways Cargo, a pioneering force in the global air cargo industry is celebrating 20 years of dedicated freighter operations.  A statement sent to City Business News on Monday explained that Qatar Airways Cargo has evolved and grown into ’the...
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Hyundai Motors Delivers 347,377 Units In August

Hyundai Motors Delivers 347,377 Units In August

Hyundai Motor Company has announced global sales of 347,377 units in August 2023, a 3.2 percent increase year-over-year.  City Business News reports that despite continued uncertainties in the business environment, the company is maintaining robust sales ...
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Oil Prices Up As Global Supply Drop

Oil Prices Up As Global Supply Drop

Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand growth amid high-interest rates. Reuter report that Brent crude climbed 75 cents to $85.55 a barrel...
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MSC Makes Fresh Order For Ten LNG-Powered Containerships

MSC Makes Fresh Order For Ten LNG-Powered Containerships

The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build te...
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Four Contenders Join Race For HMM’s $3.9b Privatization

Four Contenders Join Race For HMM’s $3.9b Privatization

Four bidders have thrown their hats in the ring for the privatization of HMM, Korea’s largest shipping company, as the government seeks to divest a controlling stake valued at 5 trillion won ($3.9 billion). HMM Co Ltd, formerly Hyundai Merchant...
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