Latest News Archives — Page 11 of 14

April 16, 2019 No Responses

CSCS Attains Thomas Murray A+ Rating

Central Securities Clearing System (CSCS) Plc has been upgraded by Thomas Murray, the global post-trade risk and custody specialists, from A to A+, which denotes a ‘Low’ Overall Risk. A statement explained that the overall Assessment of ‘A+’ refl...

April 8, 2019 No Responses

Ambode Performs Pre-Launch Of $50m Longrich Factory

Lagos State Governor Akinwunmi Ambode on Sunday performed the pre-launch of a $50 million manufacturing plant in Lekki Free Zone. The governor expressed optimism that the facility would go a long way to create jobs and boost the nation’s foreign...

April 7, 2019 No Responses

Shipping Firm Develops New Port Supply Chain

Hong Kong-based port operator COSCO Shipping Ports signed an investment agreement with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau. Under the deal, the company plans to develop phase I of terminal extended business in the land n...

April 1, 2019 No Responses

Lagos To Crush 2,500 Impounded Motorcycles

The Lagos State Environmental Sanitation and Special Offences Unit (Task Force) on Sunday said it would crush over 2,500 commercial motorcycles impounded by the agency between January and March 2019. Adebayo Taofiq, the agency’s spokesperson, said in a state...

March 29, 2019 No Responses

Tinubu To FG: Don’t Increase VAT

All Progressive Congress (APC) National Leader and former Lagos State Governor, Bola Tinubu on Thursday advised the Federal Government not to increase the Value Added Tax (VAT). He explained that a new VAT regime will increase the burden of Nigerians....

March 29, 2019 No Responses

Entities Must Identify, Block Fraudsters, Says Saleh, CEO, Egyptian Stock Exchange

The Executive Chairman, Egyptian Stock Exchange, Mohamed Farid Saleh, has advised financial institution to put in place a detailed Know Your Customer (KYC) policy as part of measures to curtail financial crimes. In a chat with WFE in house magazine,...

March 27, 2019 No Responses

LNG Fueled Ferry Joins Brittany Network

French shipping company Brittany Ferries has confirmed the charter of a third brand new cruise-ferry to serve its long-haul routes. To be powered by LNG, the ship will be built at the AVIC Weihai Shipyard in China and is due...

March 22, 2019 No Responses

NIMASA, Stakeholders Move To End Cabotage Waivers

As part of efforts to actualise the full implementation of the Cabotage Act, 2003, which aims to promote indigenous participation in shipping in Nigeria, the Nigerian Maritime Administration and Safety Agency (NIMASA) and key industry players have mapped out a...

March 22, 2019 No Responses

Air Peace receives 3rd Boeing 777 aircraft

West Africa’s biggest carrier, Air Peace on Wednesday pushed Nigeria’s aviation profile a notch higher with the delivery of its third Boeing 777 aircraft. The airline took delivery of its first Boeing 777 aircraft on February 23, 2018, making history...

March 12, 2019 No Responses

Mercedes-Benz Delivers 152,690 vehicles In February

In the first two months of this year, Mercedes-Benz delivered 333,229 cars worldwide (-6.7%). In February, 152,690 vehicles with the three-pointed star were sold worldwide (-6.7%). The model changes in the highest-volume segments SUVs and compact cars had an i...

March 3, 2019 No Responses

Federer Wins 100th ATP Title

Roger Federer has won his 100th ATP Tour title at the Dubai Tennis Championships – 6,600 days after winning his first in Milan. The 37-year-old Swiss – a 20-time Grand Slam champion – beat Greece’s Stefanos Tsitsipas 6-4 6-4. Federer&#8...

March 2, 2019 No Responses

Crane Manufacturer Acquires $62.8M Of COSCO Shares

China’s crane manufacturer Shanghai Zhenhua Heavy Industries (ZPMC) has decided to invest in compatriot shipping company COSCO Shipping Holdings by acquiring CNY 419.9 million (USD 62.8 million) worth of COSCO shares. ZPMC recently signed the share sub...

March 1, 2019 No Responses

NNPC: Nigeria Controls $48b New Oil, Gas Projects In Africa

Nigeria is the destination for new projects in the oil and gas industry in Africa valued at over $48 billion, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has said. This is about 25 per...