Category Archives: Slider

Ortom Writes Oshiomhole, Demands Apology, N10bn

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Benue State Governor, Samuel Ortom has demanded a public apology from the National Chairman of All Progressives Congress (APC), Adams Oshiomhole within seven days or he would face legal action. Ortom in a letter written to the APC chairman, dated August 6, 2018 by his counsel, Samuel Irabor (ESQ), claimed that his reputation was injured by an […]

Egina project, a testimonial of Ease of Doing Business – VP Osinbajo

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The Acting President, Prof. Yemi Osibanjo, says the successful anchor of the Egina FPSO is not just a celebration of local content, but a resounding testimonial of success of Ease of Doing Business in Nigeria. According to a statement by the Nigerian Ports Authority (NPA) on Sunday, the vice president made the remark during his […]

Nigeria, ASEAN trade volume hits $7.7b

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The Malaysia High Commissioner-designate to Nigeria, Gloria Tiwet, has said trade volume between the Association of Southeast Asian Nations (ASEAN) and Nigeria in 2017  stood at $7.7 billion. Tiwet  disclosed this when she led Embassies’ Heads of Missions and ASEAN member-states’ High Commissioners on a visit to the Foreign Affairs Minister, Mr. Geoffrey Onyeama,  in […]

NCAA licenses MRO

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A new internationally licensed Maintenance Repair and Overhaul (MRO),  seven Star Global Hangar, owned and managed by Nigerians, will start operations in the country next week. The planned commencement came on the heels of  the granting of license by the Nigerian Civil Aviation Authority in Lagos (NCAA) According to the Chief Executive Officer, seven Star, the […]

MAN: reforms not helping manufacturing

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THE Manufacturers Association of Nigeria (MAN) yesterday said government reforms in manufacturing  are not deep enough to accelerate growth in the sector. The Chairman of Apapa Branch of MAN, Olukunle Obadina, who spoke at the 47th Annual General Meeting (AGM) of the branch, noted that despite the numerous reforms, which aimed at repositioning economy, the […]

Power: ‘70% of revenue losses come from unmetered consumers’

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The highest amount of revenue losses in Nigeria’s power sector come from areas that have high concentration of unmetered electricity consumers. It was also gathered that about 70 per cent of revenue losses recorded by power distribution companies were from these areas. The Executive Director, Association of Nigerian Electricity Distributors, Sunday Oduntan, and the Managing […]

Operating surplus: Defaulting MDAs may face sanctions

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The Minister of Finance, Mrs. Kemi Adeosun, wants sanctions to be imposed on the Ministries, Departments and Agencies of the government that fail to remit their operating surplus appropriately to the Consolidated Revenue Fund. Speaking at the inauguration of a new template for the calculation of operating surplus in Abuja on Wednesday, Adeosun said it […]

NNPC chief urges firms to diversify

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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has called on stakeholders in the oil and gas industry to explore other areas to boost economic diversification. Baru spoke at the 2018 Nigerian Annual International Conference and Exhibition (NAICE) of the Society of Petroleum Engineers (SPE) Nigeria Council titled: Diversification of the Nigerian […]

Verdant Zeal Group Appoints Adesida Pioneer COO

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Dipo Adesida

By Udo Onyeka Verdant Zeal Marketing Communications Group, an emerging marketing and communications conglomerate, has appointed Mr. Dipo Adesida as its pioneer Chief Operating Officer effective from 1st of August, 2018. This announcement was made by the Executive Vice Chairman of the organization, Dr. Tunji Olugbodi on behalf of the Board and Management of the […]

SEC Announces Second CMC Meeting 2018

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SEC logo

The Securities and Exchange Commission (SEC) says the Second Capital Market Committee (CMC) meeting in 2018 has been scheduled for Thursday August 9th to Friday August 10th 2018 at the Federal Palace Hotel, Victoria Island, Lagos. While the key stakeholders in the capital market will meet on August 9th, members of the media would be […]