28Lagos

Thursday, 22 February 2018

UBA

UBA gets award as largest lender to agriculture

United Bank for Africa (UBA) plc has been  honoured as Nigeria’s biggest lender to agriculture by the Lagos Chamber of Commerce and Industry (LCCI). Listing some of the consideration LCCI considered in selecting winning companies for the awards, Aderemi Bello, president, LCCI, said companies that were selected were those that…

Dikko

Buhari accept Dikko’s resignation

The President and Commander In Chief of the Nigerian Armed Forces, Alhaji Muhammadu Buhari GCFR, has approved the voluntary retirement of the Comptroller-General of Customs Dikko Inde Abdullahi CFR from service with effect from Tuesday 18th August 2015. 2. In the letter conveying his acceptance of the retirement, President Buhari…

NCAA

Nigeria has 146 private jets, says NCAA

NOT less than 146 private jets are in Nigeria. Confirming the development, the Nigerian Civil Aviation Authority (NCAA) disclosed that out of the 146 corporate jets,  only 46 were registered in Nigeria while 100 has foreign registration. Director General of NCAA, Captain Muhktar Usman disclosed this when he addressed public…

NNPC

NNPC probes oil contracts

THE Federal Government through  Nigerian National Petroleum Corporation (NNPC)  has commenced review of  all Production Sharing Contracts, Joint Venture Agreements and all other contracts between it and its various partners. Meanwhile, the NNPC is to meet today  with  key officials of unions in the sector as well as the representatives…

Paul

Flour Mills to merge subsidiaries

THE management of Flour Mills of Nigeria Plc (FMN) has announced plan to conduct a restructuring by merging five of its subsidiaries with its holding company under a scheme of External Restructuring. According to the Group Managing Director, Flour Mills, Mr. Paul Miyonmide Gbededo, the company had obtained the approval-in-principle…

Muhammadu Buhari,

Buhari reinstates former NPA MD

President Muhammadu Buhari has terminated the appointment of the Managing Director of the Nigerian Ports Authority (NPA), Alhaji Sanusi Ado Bayero. The termination of Alhaji Bayero’s appointment is with immediate effect. A statement by the presidential spokesperson, Mr. Femi Adesina directed Bayero to hand over the management of the NPA…

NLNG

NLNG not funding Badagry Dockyard, says BSMEC

The Badagry Ship Repair and Maritime Engineering Company (BSMEC) has responded to the ongoing controversy which trailed its recent decision to site a $1.5bn Dockyard project in Badagry, Lagos State. Speaking in Lagos on behalf of the consortium, Dr. Taiwo Afolabi, who is BSMEC Chairman as well as Chairman of…

Berger

At NSE, Berger paints pledges to lift shareholders returns

THE Managing Director and Chief Executive Officer of the Berger Paints Nigeria Plc, Mr. Peter Folikwe has pledged to lift shareholders returns.Speaking while addressing the management of the Nigerian Stock Exchange (NSE) during a courtesy visit, he said the company has  acquired new machinery described as one of the best…

Buhari

Ministry under scrutiny over alleged diversion of N119b railway fund

President Muhammadu Buhari has queried the Ministry of Finance over alleged diversion of N119billion  foreign loans secured to expand and develop rail projects. The loans were secured by the former administration of  President Goodluck Jonathan. Buhari wants to ascertain how the loan secured from the Chinese Exim Bank for the construction of…

FAAN

FAAN canvasses quality aviation fuel

THE Federal Airports Authority of Nigeria, (FAAN) has enjoined aviation  agencies  to initiate quality control mechanism to strengthen and make Jet A1, the fuel used by aircraft safer. Managing Director of  FAAN, Saleh Dunoma, an engineer, stated this during his keynote address at the 2015 yearly public lecture organised by the Aeronautical Division…

Etisalat

Etisalat tackles NCC in court over alleged undue advantage to MTN

COME September 25, 2015, Justice Mohammed Idris of the Federal High Court in Lagos will  hear a suit filed by mobile telecommunications giant, Etisalat Nigeria against the Nigerian Communications Commission (NCC) over alleged unhealthy competition and undue advantage given to one of its competitors, MTN Nigeria. Already,  Justice Idris has strucked  out an…