News Archives — Page 274 of 728

October 21, 2022 No Responses

New Core Investor Acquires Polaris Bank

A new core investor, Strategic Capital Investment Ltd. (SCIL) has acquired Polaris Bank, The Central Bank of Nigeria (CBN), disclosed on Thursday. A statement signed by Mr Osita Nwanisobi, Director, Corporate Communications and posted on CBN website on Thursday, said...

October 21, 2022 No Responses

IOSCO Appoints Jean-Paul As New Board Chairman

The International Organization of Securities Commissions (IOSCO) has announced the appointment of Mr. Jean-Paul Servais as Chair of the new IOSCO Board. Mr. Servais, Chairman of Belgium’s Financial Services and Markets Authority (FSMA), Vice Chair o...

October 21, 2022 No Responses

TotalEnergies charters MOL’s newbuild LNG carrier

Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a multi-year charter agreement with TotalEnergies Gas & Power Limited, a wholly-owned subsidiary of French energy firm Total Energies, for a newbuild liquefied natural gas (LNG) carrier. The cont...

October 20, 2022 No Responses

Shippers’ Council, NIMASA, ICPC, Others Advocate Improved Partnership Against Corruption At Ports

Some stakeholders in the maritime sector have called for increased collaboration among relevant agencies to tackle corruption in port processes in the country. They spoke on Wednesday at an Extra-Ordinary Session organised by the Independent Corrupt Practices ...

October 20, 2022 No Responses

Union Bank, MobiHealth International Seal Partnership

Union Bank of Nigeria has announced the first banking partnership with globally recognised telehealth services company, Mobihealth International during a signing ceremony held at the United States Embassy in Abuja on Wednesday. A statement sent to ...

October 20, 2022 No Responses

Geely Acquires 7.60 Per Cent Stake In Aston Martin Lagonda

Zhejiang Geely Holding Group (Geely Holding), China’s largest privately-owned automotive technology group, has acquired a shareholding in Aston Martin Lagonda Global Holdings plc, representing 7.60% of the ordinary share capital of the ultra-luxury British p...

October 19, 2022 No Responses

At World Health Summit, Global Leaders Pledge $2.6b To End Polio

Leaders meeting at the World Health Summit in Berlin on Tuesday, pledged an extra 2.6 billion dollars in funding toward the Global Polio Eradication Initiative’s (GPEI) 2022-2026 Strategy to end polio. The historic boost came at an event co-hosted by.....

October 19, 2022 No Responses

Ecobank Nigeria Unveils Super Reward Season 3 Extension

Ecobank Nigeria has announced the commencement of the Season 3 extension of its Super Rewards Campaign. A statement sent to City Business News explained that the “customer-focused initiative is designed by Ecobank Nigeria to reward customers’ loyalty...

October 19, 2022 No Responses

Lafarge Pleads Guilty To Supporting Terror Groups

French cement maker Lafarge has pleaded guilty in the US to supporting the Islamic State and other terror groups. According to BBC report, the firm agreed to a $777.8m (£687.2m) penalty for payments it made to keep a factory running...

October 18, 2022 No Responses

Fidelity Bank Redeems $400m Eurobond Notes

By Moses Ebosele, ebosele@hotmail.com — Fidelity Bank Plc on Monday announced the redemption of the $400 million Eurobond Notes due October 17, 2022. A statement sent to City Business News explained that On October 17, 2017, the bank successf...

October 18, 2022 No Responses

Photo News

L–R: Mr. Abiona Babarinde, GM, Marketing and Corporate Communications, Coscharis Group; Mr. Jonathan Maduka, ED, Sales and Strategy, Coscharis Group; Dr. Cosmas Maduka, President/CEO, Coscharis Group; Mrs. Emmanuelle Blatmann, the Ambassador of France to Nig...

October 18, 2022 No Responses

Kia Nigeria Hosts Korea-Nigeria Youth Camp, Students Tour Assembly Plant

Kia Nigeria, recently, played host to teenagers from the Korean-Nigeria youth camp at its state-of-the-art multi-billion Naira assembly plant in Isolo, Lagos State. A statement sent to City Business News Online explained that the teenage Nige...

October 18, 2022 No Responses

World’s Five Largest Stock Exchanges List 450 New Firms In Nine Months

The global economy is staring at a possible recession as inflation continues to wreak havoc across the stock market. Despite the conditions, the leading global stock exchanges by the number of listed companies are attracting new firms as investo...

October 17, 2022 No Responses

Consider Nigeria Choice Investment Destination, Emefiele Urges Foreign Investors

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged foreign investors to consider Nigeria and other African countries as choice destinations for investment. According to a post on CBN Twitter handle, Emefiele made the call...