29Lagos

Thursday, 22 February 2018

Hassan Bello in Benin, Explains 7,000 Jobs through TTP Projects

The Federal Government prioritises the actualisation of Dry Port and Truck Transit Park (TTP) projects in Edo State, the Executive Secretary, Nigerian Shippers’ Council (NSC), Hassan Bello has said.     Speaking during a courtesy vist to Edo State Governor, Godwin Obaseki, Bello commended the state government for the allocation of…

FG sells N79.62b bonds

The Federal Government on Thursday said that it sold N79.62 billion worth of bonds during its February auction. According to a circular posted on the website of the Debt Management Office (DMO), N27.18 billion worth of the bonds were allotted at 14.50 per cent in 31 successful bids to mature…

‘Stop Bathing New Babies With Hot Water’

A Community Health Technician, Mrs Hellen Bulu, has advised Nigerian women against bathing their newborn babies with hot water and stretching their hands in an attempt to massage them. Bulu of Family Health Clinic, Abuja, gave the advice in a lecture to mothers at an immunisation programme on Thursday in…

NPA Tasks Security Agencies on Inter-Agency Collaboration

Stakeholders in Onne Port, especially the Security agencies, have been urged to promote an effective inter-agency cooperation and collaboration to ensure the total success of the Presidential Order on the Ease of Doing Business Directive in the Ports.  Security agents in the Port have therefore been reminded of their respective…

IOSCO to Tackle Conflicts of Interest in Equity Capital Raising Process

The Board of the International Organization of Securities Commissions (IOSCO) is proposing guidance to help its members address conflicts of interest and associated misconduct risks that may arise during the equity capital raising process.   Conflicts of interest and associated conduct risks stemming from the role of intermediaries can threaten…

INTELS Remits $42.6m Into TSA, NPA Awaits Payment Confirmation For $14.5m

The contract termination controversy between INTELS Nigeria Limited and the Nigerian Ports Authority (NPA) may have eased off ‎following the payment of $42.6 million (N13.2 billion) by INTELS into the NPA’s Treasury Single Account (TSA). The Managing Director of NPA, Hadiza Bala Usman, stated this while addressing members of the…

AIB sends team to investigate Dana Air incident at Port Harcourt airport

The Accident Investigation Bureau (AIB) has dispatched investigators to Port Harcourt Airport to investigate the incident involving a Dana aircraft, which overshot the runway of the airport on Tuesday. The News Agency of Nigeria (NAN) reports that the spokesperson for the bureau, Mr Tunji Oketunbi, confirmed the development to newsmen…

FG approves $6.7b for construction of Ibadan – Kaduna standard gauge railway project

The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, on Wednesday approved 6.7billion dollars for the construction of Ibadan-Kaduna standard gauge railway project. Addressing State House correspondents on the outcome of the meeting of the Federal Executive Council (FEC), held at State House Council Chamber Abuja, the Minister…

Army Rescues Yobe School Girls

Some of the schoolgirls abducted by Boko Haram insurgents at Government Girls secondary school Dapchi in Yobe have been rescued by the army. Alhaji Abdullahi Bego, Director General to Yobe governor on Press affairs, disclosed this in a press statement issued on Wednesday. “The Yobe State Government hereby informs the…

Nissan Team In Nigeria, Discusses Modalities for Vibrant Auto Market

As part of on-going appraisal of its vehicle assembly project in Nigeria, Nissan Motor Company has deployed a high-powered delegation from its headquarters in Japan to discuss compelling strategies with the National Automotive Design and Development Council (NADDC).  The strategies are aimed at expanding the capacity of the Nissan manufacturing…

‘Replicate NLNG Model To Increase Gas Sector Opportunities’

The Deputy Managing Director of Nigeria LNG Limited (NLNG), Sadeeq Mai-Bornu, on Tuesday, said the NLNG business model needs to be replicated in order to generate opportunities for the power and gas sectors in the country.  Mai-Bornu spoke at an executive roundtable discussion titled “Africa as an Emerging Gas Producer:…