International Archives — Page 32 of 59

August 21, 2017 No Responses

CMA CGM to build world’s largest boxships

French liner major CMA CGM has reportedly signed a letter of intent (LOI) with two Chinese yards on the construction of up to nine 22,000 TEU megaships. Specifically, in line with the LOI, CSSC Hudong-Zhonghua would be in charge of...

August 21, 2017 No Responses

Photo News

R-L: Mr. Muyiwa Akande, Corporate Affairs Manager, SIFAX GROUP; Mr. Fela Ibidapo, Group Head, Corporate Communications, Heritage Bank Plc; Mrs. Marvis Marshal-Idio, winner of The Next Titan Season-3; Executive Producer of the Next Titan, Mr. Mide Kunle-Akinlaj...

August 21, 2017 No Responses

NISA lauds new cabotage compliance strategy

The recent moves by the Nigerian Maritime Administration and Safety Agency (NIMASA) to ensure full implementation of the Cabotage Act, 2003 through the New Cabotage Compliance Strategy (NCCS) has continued to receive commendation from Stakeholders. This is ...

August 19, 2017 No Responses

Prosecutors recommend three years in prison for VW engineer

Federal prosecutors in the United States on Friday recommended a three-year prison sentence for Volkswagen AG engineer James Liang for his role in a diesel emissions scandal that has cost the German automaker as much as $25 billion. Liang, who...

August 18, 2017 No Responses

Maersk CEO: For now, no reason to order new megaships

There is no incentive to order new ultra large containerships from a cost perspective right now, despite extremely low prices of newbuilding tonnage, Chief Executive Officer of A.P. Møller – Mærsk A/S,Søren Skou has said As highlighted by Skou, five ...

August 18, 2017 No Responses

Aisha Buhari condoles with Sierra Leone over landslide

Wife of the President, Mrs. Aisha Muhammadu Buhari has extended a message of condolence to the government and people of Sierra Leone over the disaster caused by a landslide in the Regent region of the country. The message was conveyed...

August 18, 2017 No Responses

Dickens Sanomi Foundation sponsors medical bill of 6 year old Boko Haram victim.

The Dickens Sanomi Foundation has offered to pay the medical bill of Ali Ahmadu, a six year old boy from Borno State, who was run over by Boko Haram terrorists when they invaded Chibok village three years ago. The medical...

August 18, 2017 No Responses

Anti-theft product:Nissan dealer to pay $298,000 penalties

New York dealership of Nissan, New Rochelle has agreed to pay more than $298,000 in restitution and penalties for deceptively charging hundreds of customers for a phony anti-theft product. According to a report from Automotive News, Panarella purchased Ni...

August 17, 2017 No Responses

GM to delist shares from stock exchange

General Motors Company is delisting its shares from the Toronto Stock Exchange (TSX) in Canada effective at the end of November. The company’s shares will still be traded in New York. In a statement, the automotive company said there was...

August 17, 2017 No Responses

Maersk Group posts $264m loss in Q2

Danish energy and transportation giant A.P. Moller – Maersk sailed into a loss of $ 264 million in the second quarter of 2017, a switch from last year’s profit of $118 million. Maersk said the loss was due to impairments...

August 16, 2017 No Responses

FirstBank appoints Tosin Adewuyi as Group Executive, Executive Director, FBNBank UK

First Bank of Nigeria Limited has announced the appointment of Mr. Tosin Adewuyi as a Group Executive of First Bank of Nigeria Limited and an Executive Director of its flagship subsidiary FBNBank UK Limited. The appointment is, however, subject...

August 16, 2017 No Responses

BMW to unveil all-new Roadster

BMW will unveil two concept vehicles on August 17th, at the Lodge at Pebble Beach Concours d’Elegance Reviewing Stand area on the 18th green. Speakers will include Bernhard Kuhnt, new President & CEO BMW of North America and Adrian...

August 15, 2017 No Responses

Heritage Bank, RIMAN, FDC enjoin firms to embrace modern risk management practices

Heritage Bank Plc, Risk Managers Association of Nigeria (RIMAN) and Financial Derivatives Company Limited have called on corporate organizations to adopt systemic and cultural changes to embed risk management into their organisations as part of measures to ma...

August 14, 2017 No Responses

DMO boss seeks Editors’ support, explains focus on loan repayment, utilisation

The Director General of the Debt Management Office (DMO), Ms. Patience Oniha, at the weekend in Lagos s solicited the support of the media in informing Nigerians on the management of the country’s debt stock and government’s drive towards infrastructural.....