News Archives — Page 205 of 725

May 19, 2023 No Responses

China Overtakes Japan As World’s Top Car Exporter

Between January and March 2023, China surpassed Japan and Germany to become the world’s largest vehicle exporter for the first time, exporting a total of 1.069 million vehicles. Japan used to be the world’s leading vehicle exporter, exporting 1.047 million...

May 19, 2023 No Responses

NPA Targets $198b Royalties From Private Seaports In Delta, Ondo, Lagos

Further to Nigerian Ports Authority’s resolve to deliver efficient port services through strategic port development, the Federal Executive Council (FEC) at its sitting on Wednesday, May 17, 2023, approved the development of three milestone port projects: the...

May 19, 2023 No Responses

Lekki Port: CMA-CGM Assures Nigeria Of Transit, Transshipment Cargoes

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko on Thursday, received Mr. Courquin, the Senior Vice President and head of the Africa Division of CMA-CGM Group, in the company of Lekki port officials. CMA-CGM Group, the parent c...

May 18, 2023 No Responses

FEC Approves $4.7b Seaport Projects In Delta, Ondo, Lagos

The Federal Executive Council (FEC) has approved port development projects worth $4,713,841,477 in Delta, Ondo, and Lagos States. The approval was given during the weekly FEC meeting presided over by President Muhammadu Buhari on Wednesday in Abuja. Minister o...

May 18, 2023 No Responses

Stock Market Recovers N88b

The All-Share Index (ASI) of the Nigeria Exchange on Wednesday gained 161.53 basis points or 0.31 percent to settle at 52,580.86 compared to 52, 419.33 on Tuesday. Sustained interests in Zenith Bank, Guaranty Trust Holding Company (GTCO), and FirstBa...

May 17, 2023 No Responses

Nigeria Unveils Revised National Agric Seed Policy

As part of measures to boost farmers’ unrestricted access to best genetics and enhance productivity, the Minister of Agriculture and Rural Development, Dr. Mohammad Abubakar has unveiled Revised National Agricultural Seed Policy According to the Ministe...

May 17, 2023 No Responses

Edo, Radisson Seal 172-Room Hotel Deal

The Edo State Governor, Mr. Godwin Obaseki, has sealed a deal with Radisson Hotels, an international hotel chain headquartered in the United States, for the development of a 172-room hotel in Benin City. Obaseki, while disclosing this in Benin City,...

May 17, 2023 No Responses

Minister Unveils New NIMASA Abuja Zonal Office

The transportation minister, Mu’azu Sambo has commissioned new Abuja Zonal Office of Nigerian Maritime Administration and Safety Agency (NIMASA). Unveiling the office named after late Maritime icon, Otunba Kunle Folarin on Tuesday, Sambo emphasized the...

May 17, 2023 No Responses

Maersk Completes Energy-Related Businesses Divestment

A.P. Moller – Maersk has completed the divestment of Maersk Supply Service (MSS) announced two months ago. At closing, A.P. Moller Holding, the parent company of the A.P. Moller Group, will assume full ownership of MSS. Maersk Supply Service will...

May 16, 2023 No Responses

Okonjo-Iweala Cautions Nigeria On Debt Service To Revenue Ratio

The Director-General, World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, on Monday described Nigeria’s debt service to revenue ratio as alarming. Dr. Okonjo-Iweala, who spoke at the Nigeria Governors’ Forum (NGF) 2023 induction for newly elected gove...

May 16, 2023 No Responses

Ecobank Workers Conference: Experts Harp On Savings, Income Diversification

Salary earners, individuals, self-employed and small businesses have been advised to make deliberate efforts to save and diversify their income stream in light of the current state of the nation’s economy. This was the submission of panelists at the webinar....

May 15, 2023 No Responses

Lekki Port Adopts Electronic Call-Up System, Ready For Transhipments

The promoters of the Lekki Deep Sea Port- Lekki Port LFTZ Enterprise Limited (LPLEL) and the terminal operator-Lekki Freeport Terminal (LFT) have expressed the readiness of the Port for transhipment operations and restore the status of Nigeria as a cargo...

May 15, 2023 No Responses

Fidelity Bank CEO Bags Champion Newspapers’ Banker Of The Year Award

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has received yet another recognition as she bagged the award of the Banker of the Year 2022 at the Champion Newspapers’ Awards of the Year 2022. Held at the Eko...

May 15, 2023 No Responses

Dana Air Celebrates Hilda Baci, Mum With Free Tickets

Dana Air has announced its support for the Guinness World Record-breaking Chef, Hilda Baci, with one year of free tickets for all her domestic travels. Hilda surpassed the current world record for the longest cooking marathon by an individual. The...