News Archives — Page 218 of 733

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...

May 4, 2023 No Responses

Ghana Understudies Nigerian Cabotage Regime

The Ghanaian Maritime Authority (GMA) has commenced a 10- Day programme to understudy the implementation of the Coastal and Inland Shipping Act also known as the Cabotage Law in Nigeria under a collaborative arrangement with the Nigerian Maritime Administratio...

May 4, 2023 No Responses

SUDAN CRISIS: AIR PEACE EVACUATES 277 NIGERIANS FROM EGYPT

Air Peace has evacuated 277 Nigerians from Egypt amidst the ongoing crisis in Sudan.A. Statement sent to City Business News on Thursday explained that the airline deployed one of its wide-body Boeing 777 aircraft with Registration Number 5N-BVE, to operate...

May 4, 2023 No Responses

Qatar Airways Cargo Partners RwandAir, Unveils Kigali Africa Hub

At 13:00 Central Africa Time on Wednesday, Qatar Airways Cargo’s Boeing 777 landed at Kigali International Airport. In the company of local dignitaries, freight forwarders, partners, and customers, Qatar Airways Cargo’s Chief Officer, Guillaume Halle...

May 4, 2023 No Responses

Obaseki Charges Members-Elect On Quality Representation

The Edo State Governor, Mr. Godwin Obaseki has charged members-elect of the Edo State House of Assembly (EDHA) not to betray the trust reposed in them by their constituents but to deliver quality and robust representation to the people. Obaseki gave...

May 4, 2023 No Responses

NGX Group Declares 14.2% Decline In Q1 Gross Earnings

For the first quarter (Q1) ending March 31, 2023, Nigerian Exchange Group Plc (NGX Group) has declared its unaudited results, recording a 14.2% year-on-year (YoY) decline in gross earnings to N1.6 billion from N1.8 billion posted in Q1 2022. In...

May 4, 2023 No Responses

Deloitte Remains World’s Most Valuable Commercial Services Brand

Deloitte has once again emerged as the world’s most valuable Commercial Services brand after its brand value increased by 16% to USD$34.5 billion, according to a new report from leading brand valuation consultancy, Brand Finance. Every year, leading brand va...

May 4, 2023 No Responses

IPI Nigeria Sets Agenda For Tinubu On Journalists’ Safety, Media Freedom

On the occasion of May 3 commemoration of the 2023 World Press Freedom Day, the Nigerian National Committee of the Vienna-based International Press Institute (IPI) is asking the new government that will be inaugurated in Nigeria on May 29 to commit....

May 3, 2023 No Responses

BPE Begins PHCN Ex-Staff Verification

The Bureau of Public Enterprises, (BPE) is set to commence verification exercise for the payment of the agreed 16-month Severance benefits to the bonafide ex-staff of the defunct Power Holding Company of Nigeria (PHCN) including certified Next-of-Kin (NOK) of...

May 3, 2023 No Responses

Photo News

L- R:Temi Popoola, Chief Executive Officer, Nigerian Exchange Limited (NGX); Oluwole Adeosun, President, Chartered Institute of Stockbrokers (CIS); Mr. Yomi Adeyemi, Director, NGX; and Alhaji Umaru Kwairanga, Group Chairman, NGX Group during a physical C...

May 3, 2023 No Responses

Reps Suspend $700m Cabotage Fund Disbursement

The House of Representatives has advised the federal government to suspend the planned disbursement of the $700 million in the Cabotage Vessel Finance Fund to Nigerian shippers. The House, in a motion moved by Henry Nwawuba (APGA, Imo) on Tuesday...

May 3, 2023 No Responses

NPA Mourns Margaret Orakwusi

The Nigerian Ports Authority (NPA) has condoled the entire Orakwusi family on the demise of their daughter, Margaret. In a statement, Managing Director of NPA, Mohammed Bello Koko said: ’Throughout her distinguished career, Mrs Orakwusi made significan...

May 2, 2023 No Responses

Qantas Appoints First Female CEO

Qantas, Australia’s flagship airline has announced its Chief Financial Officer, Vanessa Hudson will replace current Chief Executive Officer (CEO) Alan Joyce. She will become Qantas’ first female boss when she takes over in November. The airline has...

May 2, 2023 No Responses

NLC Demands 65 Years Retirement Age

Nigeria Labour Congress (NLC) has called for a review of civil servants’ retirement age and years of service in the entire public service to 65. NLC President, Jeo Ajaero, made the call during the 2023 Workers’ Day celebrations on Monday...