News Archives — Page 209 of 725

May 6, 2023 No Responses

Experts Implore African Maritime Players On Energy Transition Training For Seafarers

As the maritime industry transitions to a low and zero-carbon future, African maritime players are being advised to implement new training infrastructure for seafarers to adapt to the ongoing continent’s green transition. Speakers at ‘Unlocking Green Maritime Jobs’ panel discussion...

May 6, 2023 No Responses

Shippers’ Council Facilitates Release Of 50 Impounded Export Cargoes

The Nigerian Shippers’ Council (NSC) said it facilitated the release of over 50 impounded containers of export cargoes belonging to members of the Niger Shippers’ Association. According to the Council’s latest edition of its in-house bulletin called Comp...

May 6, 2023 No Responses

Unilever Shareholders Approve N1.44b Dividend For 2022

For the financial year ending December 31, 2022, Shareholders of Unilever Nigeria Plc have approved the payment of N1.44 billion as a dividend. Within the period, the company posted a turnover of N88.5 billion for the financial year, representing a...

May 6, 2023 No Responses

Court Orders UBA To Take Over Ogiemwonyi’s Properties

A Federal High Court in Lagos has granted an order directing United Bank for Africa (UBA) Plc, to take over two properties located in Benin City, Edo State, belonging to Godwin Ogiemwonyi (trading under the names of Ogiemwonyi Godwin Nigeria...

May 6, 2023 No Responses

UAC Foods Gets New MD/CEO

UAC Foods Limited, a subsidiary of United Africa Company of Nigeria (UACN) PLC, operating in the food and beverage sector of the Nigerian economy, has appointed Oluyemi Oloyede as its new managing director and chief executive officer, effective from Marc...

May 6, 2023 No Responses

Photo News

Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko presenting the authority’s plague to the Chief Executive Officer, Lekki Freeport Terminal, Yann Magarian during his working visit to the management of NPA at the corporate headquarters in...

May 5, 2023 No Responses

Shell Declares $10b Profit In Q1

Shell on Thursday posted a first-quarter (Q1) net profit of $9.65 billion as strong earnings from trading and higher Liquefied Natural Gas (LNG) sales offset cooling energy prices, while extending its large share repurchase programme. The stronger-than-e...

May 5, 2023 No Responses

NPA Boss Condoles With Margaret Orakwusi’s Family

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko has paid a condolence visit to the family of late Mrs. Margaret Orakwusi. During the visit, the Managing Director noted that “while it will be difficult to fil...

May 5, 2023 No Responses

Ondo Submits FBC For $1b Deep Seaport To NPA

As part of its commitment to creating an enabling atmosphere for the construction of more deep seaports after Lekki Deep Seaport (which is already operational), and Badagry Deep Seaport, the Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Kok...

May 5, 2023 No Responses

Hyundai Reports 336,212 Global Sales In April

Hyundai Motor Company has announced April 2023 global sales of 336,212 units, a 8.5 percent increase year-over-year. City Business News reports that despite the continued uncertainties in the business environment, the company maintained its robust sales moment...

May 4, 2023 No Responses

Airtel Nigeria Gets New MD/CEO

Airtel Africa has announced the appointment of Carl Cruz as Managing Director and Chief Executive Officer of Airtel Nigeria. The appointment which takes effect from 5th May 2023, will also see Mr. Cruz join the Executive Committee as the Regional...

May 4, 2023 No Responses

WFE Create New Certification For Market Infrastructure

The World Federation of Exchanges (WFE) has announced the creation of a new Market Infrastructure Certificate (MIC) programme, the first of its kind, which is aimed at educating the next generation of financial services leaders globally.City Business News repo...

May 4, 2023 No Responses

Shippers’ Council Mourns Margaret Orakwusi

The Board and Management of the Nigerian Shippers’ Council (NSC) have paid a condolence visit to the family of late Barr. Mrs. Margaret Orakwusi. In a condolence letter presented by Mallam Samaila Abdullahi, the Chairman of the Council’s Gove...

May 4, 2023 No Responses

Maersk Reports $5.7b Drop In Q1 Profit

Danish container shipping major Maersk has reported a massive drop in its ocean revenue for the first quarter of this year, plunging by $5.7 billion to $9.9 billion year-on-year amid lower freight rates and softened demand. Last year saw a...