12.18London

Tuesday, 23 January 2018

Eson-Ozo

NLC lauds CBN for publishing bank debtors

THE headquarters of Nigeria Labour Congress (NLC has commended the Central Bank of Nigeria’s (CBN) directive to banks to publish names of chronic debtors. Secretary of the NLC, Peter Eson-Ozo, explained that the development would  strengthen the economy. The congress said the measure would help to strengthen the nation’s economy,…

Seriki

Omatek tasks banks, others on adoption of solar technology in Nigeria

AN indigenous Information Technology (ICT) firm has, Omatek has stressed the need to fully explore solar technology in Nigeria. The management of the firm also advised industries including banks, telecommunications, medics, schools, manufacturing companies and other private firms to maximise their production capacity with solar compact hybrid power lightening industrial…

president-muhammadu-buhari

Buhari orders reduction of expenditure

President Muhammadu Buhari Monday in Abuja ordered the National Planning Commission (NPC) to go back to the drawing board and produce the framework for a 2016 national budget that will reduce recurrent expenditure and prioritize developmental projects. President Buhari gave the order after receiving a briefing from the Executive Secretary…

Kuti

APM Terminals appoint Ransome-Kuti DMD

APM Terminals Apapa has announced the appointment of Olufemi Ransom-Kuti as its Deputy Managing Director. Olufemi brings to this role 14 years of experience in supply chain operations and project management. Before joining APM Terminals, he worked with Lafarge WAPCO where he served as the General Manager, Logistics and Procurement…

Dangote

Dangote Cement declares N121.8b in six months

DANGOTE Cement Plc has declared Profit After Tax (PAT) of N121.808 billion in the six-month period ended June 30, 2015, amounting to a 21.65 per cent increase over the N95.440 billion recorded in the same period in 2014. Detail of the half year results indicates that the cement company achieved…

NIMASA

NIMASA Redeploys Directors

THE Nigerian Maritime Administration and Safety Agency (NIMASA) has redeployed  some senior management staff of the Agency. The new posting, according to acting Director General/Chief Executive Officer, Mr. Haruna Baba Jauro are expected to reposition the Agency towards meeting its statutory mandate as enshrined in the NIMASA Act and other…

Maersk

Fatter ships underway

EXPERTS expect more wide-beam 14,000- to 15,000-TEU (Twenty foot equivalent)  ships with 21-deck rows and 53.5 metre beams. According to Alphaliner, the wider-beam ships   are coming given the popularity of wide-beamed 8,500 – 10,000-TEUers. How carriers propose to fill these ships remains unanswered. Yet newbuilding orders still roll in. Freight…

ECOWAS

ECOWAS Bank renews president tenure

The Board of Governors of the Economic Community of West Africa (ECOWAS) Bank for Investment and Development (EBID) which comprises Finance Ministers from the 15-Member States of ECOWAS has  renewed the tenure of the President of the Bank, Mr. Bashir Mamman IFO  for another term of four years. According to…

Okpo

Buhari renews appointment of MAN Rector

President Muhammadu Buhari on has  renewed the appointment of Joshua Okpo as the Rector of the Maritime Academy of Nigeria (MAN) Oron for a second and final term of four years, according to a statement by the Special Adviser to the President on Media and Publicity, Femi Adesina. Okpo was…

Dikko

Customs reviews plan to shut down Intercontinental Hotel

THE National Headquarters of Nigerian Customs Service (NCS) has reviewed its earlier plans to shut down Intercontinental Hotel over alleged default in the payment of duty on imported rice. A statement sent to Citybusinessnews by Public Relation Officer, Wale Adenityi explained that the NCS has found it necessary to clarify…

NCAA

NCAA gives debtor airlines two weeks ultimatum

THE management of Nigerian Civil Aviation Authority (NCAA) has threatened to publish names and amount being owed by each airline operating in the country within 14 days. NCAA explained that the airlines had refused to remit the 14if the carriers failed to make the necessary five per cent Ticket Sales…