Latest News Archives — Page 12 of 14

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 subscription agreement with COSCO...

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...

February 28, 2019 No Responses

Dangote Delivers 23.54MT Of Cement In 2018, Shareholders To Get N16 Per Share

For the financial year ended December 31, 2018, Dangote Cement Industries Plc sold a total 23.54 metric tonnes (MT) of cement across Africa. The company explained in its financial performance released on the floor of Nigerian Stock Exchange (NSE)on Wedne...

February 22, 2019 No Responses

A.P. Moller – Maersk Explains $8.7b Debt, 2019 Investment Agenda

For the 2018 financial year, A.P Moller-Maersk net interest-bearing debt reduced from $14.8billion to $8.7billion. Meanwhile, the company remains investment grade rated. Following the listing of Maersk Drilling through a demerger and subject to maintaini...

February 19, 2019 No Responses

Maritime Firm Records $75m Loss In 2018

Norwegian maritime industry group Wilhelmsen ended 2018 — the first full year with present corporate structure — in loss. In the preliminary result for the year, the group reported a loss for the period of USD 75 million in 2018, compared to a loss...

February 15, 2019 No Responses

IG Orders Restriction Of Vehicular Movement On Saturday

The Inspector-General of Police (IG-P), Mr Mohammed Adamu, has ordered restriction of vehicular movement from 6 a.m to 6 p.m on Saturday. The News Agency of Nigeria (NAN) reports that the Presidential and National Assembly elections will hold on Feb....

February 15, 2019 No Responses

Federation Of Exchanges To Focus On Regulatory Coherence In 2019

The World Federation of Exchanges (WFE), the global industry group for exchanges has agreed its 2019 business priorities will focus on the following areas: regulatory coherence or market fragmentation; technology-related policy work on topics including in...

February 15, 2019 No Responses

ICTSI Unveils New Container Terminal

Philippines-based International Container Terminal Services Inc. (ICTSI) has inaugurated the newly-expanded Batumi International Container Terminal (BICT) in Georgia. Both the waterside and landside areas of the multipurpose terminal were expanded with the aim...

February 13, 2019 No Responses

NBS: Agriculture Sector Grew By 18.58% In Q4, 2018

The National Bureau of Statistics (NBS), said the agriculture sector of the economy measured by Gross Domestic Product (GDP) grew by 18.58 per cent year-on-year in nominal terms in fourth quarter of 2018. The bureau said four activities of crop...

February 12, 2019 No Responses

Obaseki Seeks Peaceful Elections

The Edo State Governor, Mr. Godwin Obaseki, has urged politicians, the electorates and other critical stakeholders in the forthcoming 2019 general elections to ensure peaceful conduct of the polls in the state. Obaseki made the call while delivering a keynote....

February 11, 2019 No Responses

INEC Expresses Confidence In Card Readers

The Independent National Electoral Commission (INEC) has expressed confidence in the performance of the Smart Card Readers to be used at the forthcoming general elections. Mr Festus Okoye, INEC National Commissioner and Chairman, Information and Voter Educatio...