Nigeria Archives — Page 475 of 637

October 18, 2017 No Responses

NSE’s market capitalisation drops by N103b

Investors in Nigerian capital market on Tuesday lost N103billion due to losses recorded by Dangote Cement Plc, Nestle Nigeria Plc and Guaranty Trust Bank Plc. At the end of the day’s training, Dangote Cement Plc, Nestle Nigeria Plc and...

October 18, 2017 No Responses

‘121 piracy incidents reported in nine months’

A total of 121 incidents of piracy and armed robbery against ships were reported in the first nine months of 2017, according to the International Chamber of Commerce’s (ICC) International Maritime Bureau’s (IMB) latest quarterly report on maritime piracy. ...

October 18, 2017 No Responses

Buhari Signs University of Petroleum Resources Bill

President Muhammadu Buhari Tuesday in Abuja pledged continued support for the socio-economic development of the Niger Delta region. Giving the assurance at a brief ceremony in the State House to sign the bill establishing the University of Petroleum Resources,...

October 17, 2017 No Responses

NLNG demands $315m judgment debt from NIMASA

The Management of Nigeria LNG (NLNG) has formally issued a demand notice for the sum of $315,598,823.29 judgment debt to the Nigerian Maritime Administration and Safety Agency (NIMASA). According to NLNG, the sum represents the payments made under protest.....

October 17, 2017 No Responses

GSK, Stanbic IBTC, Zenith Bank, others lift NSE’s market capitalization by N43b

The Nigerian Stock Exchange (NSE) on Monday resumed trading activities on a positive note as market capitalization rose by N43billion or 0.34 per cent. At the end of the day’s trading, 0.33 per cent growth in the All-Share Index...

October 17, 2017 No Responses

Sterling Bank emerges Best Bank in Support of Agric

Sterling Bank Plc has won the Best Bank in Support of Agriculture Award at the Business Day Banking Awards 2017 held in Lagos. The award is in recognition of Sterling Bank’s peerless support to the entire value chain in...

October 17, 2017 No Responses

Nigeria, Ghana, sign MoU on maritime operations

In line with its vision to enhance regional integration to develop capacity, the Nigerian Maritime Administration and Safety Agency, NIMASA, has signed a Memorandum of Understanding (MoU) with the Ghanaian Maritime Authority, GMA. At the official signing of...

October 17, 2017 No Responses

Nissan appoints Anthony Thomas Chief Information Officer, brand value rises to $11.5b

Nissan Motor Company Limited has announced that Anthony Thomas, most recently group CIO at GE Global, will assume the duties of CVP, CIO (chief information officer), Global IS/IT Nissan from October 23, 2017. Thomas will be based at Nissan’s headquarte...

October 17, 2017 No Responses

NPA clarifies position on termination of contract, job security as FIRS explains visit to Intels

The termination of boats pilotage monitoring and supervision contract with INTELS Nigeria Limited will not erase jobs, Nigerian Ports Authority (NPA) Managing Director, Hadiza Usman, has said. Speaking in Lagos on Monday, Usman explained that a new company ...

October 17, 2017 No Responses

Heritage Bank senior executives get ICA awards

Institute of Credit Administration (ICA) has conferred distinguished awards on two senior management executives of Heritage Bank Plc at the Nigeria Credit Industry Awards and Postgraduate School of Credit and Financial Management (PSCFM) graduation ceremony he...

October 17, 2017 No Responses

Pensioners resume protest in Edo

Pensioners in Edo State on Monday resumed protest to demand for the payment of their pension arrears and gratuity. The pensioners in their numbers sang solidarity and derogatory songs as well as prayed to God to intervene on their behalf....

October 16, 2017 No Responses

Osinbajo: NNPC did not award $25b contracts

The Nigerian National Petroleum Corporation (NNPC) did not award $25billion contracts, Vice President Yemi Osinbajo has declared. A statement issued on Sunday by the Vice President Senior Special Assistant (SSA), media and publicity, Laolu Akande, explaine...

October 16, 2017 No Responses

Veteran auto marketer, Raju Sawlani, unveils multibrand sales, service outlet in Lagos

By Moses Ebosele, ebosele@hotmail.com – Come Thursday, October 19th, 2017, world class multibrand sales and service centre, Turing Simcubator Limited (TSL), will commence business activities in Lagos State. Located at Plot 3, Apapa-Oshodi Expre...

October 16, 2017 No Responses

Controversy trails NPA, Intels imbroglio

By citybusinessnews@yahoo.com – The controversy surrounding the termination of pilotage contract agreement with INTELS by the Nigerian Ports Authority (NPA) continued at the weekend. Indeed, the controversy has divided Nigerians into two gr...