Category Archives: Business News

FG Extends Verification Exercise Of NAL Ex-workers 

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The federal government has extended the ongoing verification exercise of Nigeria Airways Limited former workers and assured that the exercise will not end until everybody is captured. The Minister of Finance, Mrs Zainab Shamsuna Ahmed, stated this on Wednesday during her visit for on the spot assessment of the exercise across the three centres. She […]

Heritage Bank, NIMASA Partner To Boost Global Maritime Safety

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Heritage Bank Plc

Heritage Bank PLC, , and Nigerian Maritime Administration and Safety Agency (NIMASA) have joined forces to educate stakeholders about the maritime enforcement global benchmarks. The training session, which had as its theme: Maritime Enforcement Safety: Current Global Benchmarks, had in attendance representatives of the Nigerian Navy, Nigerian Ports Authority, Lagos State Safety Council, Shippers Council, Marine Insurers, […]

FG okays $2.9bn Eurobond issuance to fund budget

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The Federal Executive Council on Wednesday approved the issuance of $2.9bn and other securities in Eurobond from the international capital market. The Minister of Finance, Zainab Ahmed, disclosed this to State House correspondents at the end of the weekly meeting of the council presided over by President Muhammadu Buhari at the Presidential Villa, Abuja. Ahmed […]

Dangote refinery: NCDMB to ensure local content compliance

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The Nigerian Content Development and Monitoring Board says it plans to partner the Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises to ensure full implementation of the local content policy. The Executive Secretary, NCDMB, Mr Simbi Wabote, who was represented by the Director, Monitoring and Evaluation, Mr Akintunde Adelana, disclosed this during the DPRP […]

NSE Wins Best Use of Technology for Efficiency Award

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Lagos, October 16, 2018 – The Nigerian Stock Exchange (NSE or The Exchange) today announced that it has received the 2018 Best Use of Technology for Efficiency Award from Nigeria Tech Innovation & Telecom Awards 2018 (NTITA).  The NTITTA is the most celebrated industry awards for the Technology and Telecom industries attracting top decision makers […]

Expert Says China-Africa Trade to Soar Due to U.S. Trade War

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Udo ONYEKA with Agency Report China is likely to boost imports from African countries as it seeks new sources of commodities in the wake of a trade war with the United States, a senior executive of Standard Chartered Bank in China said. Trade links between the Asian economic powerhouse and African nations like Kenya have […]

Access Bank Lagos City Marathon To Attract Over 150,000 Athletes

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By Udo ONYEKA No fewer than 150,000 athletes both locally and internationally are expected to participate in the 4th edition of Access Bank Lagos City Marathon. Speaking at the officially commencement of preparations for the marathon which is billed to hold on February 2, 2019, Lagos State Governor, Mr Akinwunmi Ambode , said the target of the […]

NSE Wins Best Use of Technology for Efficiency Award

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By Udo ONYEKA The Nigerian Stock Exchange, NSE has announced that it received the 2018 Best Use of Technology for Efficiency Award from Nigeria Tech Innovation & Telecom Awards 2018 (NTITA). The NTITTA is the most celebrated industry awards for the Technology and Telecom industries attracting top decision makers in the sectors. The annual event is held to […]

Public sector lacks skills to manage PPPs – Osinbajo

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Vice-President Yemi Osinbajo on Tuesday said the public sector in most developing countries lacked the necessary skills to manage Public-Private Partnership projects. Osinbajo spoke at the opening of a two-day PPP workshop organised by the Global Infrastructure Hub, in collaboration with the Infrastructure Concession and Regulatory Commission, Norton Rose Fulbright and Olaniwun Ajayi LP, in […]

Insecurity threatens $14bn maritime sector earnings –FG

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The Federal Government has declared that the annual earnings of $6bn in freight cost and $8bn in oil and gas and other maritime activities have come under threat from pirate attacks, oil theft and other illegal activities militating against the growth of the sector. The Minister of Transportation, Mr Rotimi Amaechi, in a keynote address […]