Tag: News

Oando Shareholders Petition National Assembly
September 27, 2017 No Responses

Oando Shareholders Petition National Assembly

Over 100 shareholders of the troubled Oando Plc have written a petition to the National  Assembly alleging corporate governance abuse, mismanagement and gross misconduct.   The petition, addressed to the Chairman, House Committee on Capital Market and Institutions, was signed...
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NSE elects Ogunbanjo President, declares N22.79b assets
September 26, 2017 No Responses

NSE elects Ogunbanjo President, declares N22.79b assets

Mr. Abimbola Ogunbanjo on Monday emerged President of National Council of the Nigerian Stock Exchange (NSE). He replaced Mr. Aigboje Aig-Imoukhuede who has completed his three-year tenure.   Ogunbanjo was elected at The Exchange’s National Council meeting h...
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Tukur, Ibru, others elect Dossou-Aworet President of African Business Roundtable
September 26, 2017 No Responses

Tukur, Ibru, others elect Dossou-Aworet President of African Business Roundtable

The Executive Board of Directors of African Business Roundtable has elected Founder and Chairman of Petrolin, the Pan African Exploration and Production Oil and Gas Conglomerate, Mr. Samuel Dossou-Aworet as President Africa Business Roundtable (ABR).   Member...
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FG condemns deadly attack on Benin Zoo
September 26, 2017 No Responses

FG condemns deadly attack on Benin Zoo

The Minister of Information and Culture, Alhaji Lai Mohammed, has strongly condemned the attack on Ogba Zoo and Nature Park in Benin, Edo State, on Sunday, during which three policemen were killed and the Head of the Zoo, Dr. Andy Ehanire, was abducted...
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COSCO gets $54m fleet renewal backing
September 26, 2017 No Responses

COSCO gets $54m fleet renewal backing

China’s COSCO Shipping Energy Transportation has received a government subsidy for disposal and retrofit of vessels worth approximately HKD 421 million (USD 54 million). The subsidy is part of revenue-related government grants and is aimed at compensating f...
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Aruna Quadri empowers players with equipment
September 26, 2017 No Responses

Aruna Quadri empowers players with equipment

To support junior players to fulfill their dream, African Champion, Aruna Quadri has supported local-based players with equipments.  The lucky six players are made up of five male and one female including national junior champion, Azeez Solanke.  According t...
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‘Concerted efforts needed to stop menace of climate change’
September 25, 2017 No Responses

‘Concerted efforts needed to stop menace of climate change’

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stressed the need for collaborative efforts to tackle the scourge of climate change. Dr. Dakuku stated this while speaking at an event on climate....
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More criticisms trail Nigeria’s Auto Policy
September 25, 2017 No Responses

More criticisms trail Nigeria’s Auto Policy

By Moses Ebosele, ebosele@hotmail.com    Criticism has continued to trail implementation of Nigeria’s Automotive Industry Development Plan (NAIDP).     Speaking in Lagos at the Nigeria Auto Journalists Association (NAJA) monthly industry forum, a senior...
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PwC rallies support for Benue flood victims, donates N2.58m
September 25, 2017 No Responses

PwC rallies support for Benue flood victims, donates N2.58m

By citybusinessnews@yahoo.com   Staff & partners of PwC Nigeria recently donated N2.58m to Sesor Empowerment Foundation for Benue Flood Victims.     Many communities in Benue State were flooded late August following heavy rains, leaving 110,000 people ...
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US announces new travel ban
September 25, 2017 No Responses

US announces new travel ban

The United States has expanded its controversial travel ban to include people from North Korea, Venezuela and Chad. The White House said the restrictions follow a review of information sharing by foreign governments. Donald Trump issued a presidential proclama...
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FG reiterates commitment to tackle electricity supply challenges
September 24, 2017 No Responses

FG reiterates commitment to tackle electricity supply challenges

The Federal Government has reiterated its commitment to tackle challenges associated with electricity supply nationwide.  Speaking in Akwa Ibom State on saturday during the inauguration of a metering company, Vice President Yemi Osinbajo explained that the Fe...
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ESL names 2nd LNG-Fueled Bulker
September 24, 2017 No Responses

ESL names 2nd LNG-Fueled Bulker

Helsinki-based shipping company ESL Shipping, a member of the Aspo Group, has named Haaga, the second of the company’s two LNG-fueled dry cargo vessels.   The naming ceremony took place at the Jinling shipyard in Nanjing, China, on September 22,...
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Mitsubishi intensifies marketing, gets new agency
September 23, 2017 No Responses

Mitsubishi intensifies marketing, gets new agency

Mitsubishi, now under Nissan’s control, is beefing up its U.S. marketing plans and has hired Butler Shine Stern & Partners as its agency of record for creative, social and digital duties.  The Sausalito, Calif.-based independent agency, which resign...
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Ports & Cargo resumes handling of general Cargo, receives first voyage vessel from Singapore
September 23, 2017 No Responses

Ports & Cargo resumes handling of general Cargo, receives first voyage vessel from Singapore

Ports & Cargo Handling Services Limited, a subsidiary of SIFAX Group has made history again at its terminal with the arrival MV Maritime Challenger, a brand new general cargo vessel that embarked on its first ever voyage to any port...
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