27.8Lagos

Friday, 29 March 2024

headlines
  • TotalEnergies At 100, Reflects On Operations  - With over 00,000 employees in 120 countries worldwide, TotalEnergies on Thursday, March 28th, 2024 celebrated its 100th anniversary of the Company’s creation.    TotalEnergies’ 100-year history tells the story of the world and energy, from the 1920s to the present day.  On March 28, 1924, Compagnie Française des Pétroles was founded in France, a...
  • NDDC Visits Foreign Scholarship Students In UK - The Niger Delta Development Commission, NDDC, is demonstrating its commitment to ensuring optimal value from its renowned foreign postgraduate scholarship programme.  To achieve this, the NDDC has embarked on a Monitoring and Evaluation (M&E) visit to the United Kingdom, led by Managing Director Dr. Samuel Ogbuku. Beyond monitoring current scholarship recipients,...
  • Minister Inaugurates NAIDP Implementation Committee - Following the approval of the new Nigerian Automotive Industry Development Plan (NAIDP) by the Federal Government in 2023, the Minister, Federal Ministry of Industry, Trade and Investment (FMITI), Dr Doris Nkiruka Uzoka-Anite, on Thursday, in Abuja, inaugurated the Nigerian Automotive Industry Development Plan (NAIDP-2023) Implementation Committee.  City Business News reports...
  • CBN Increases Capital Base For Banks To ₦500b - The Central Bank of Nigeria (CBN) has increased new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion. A circular signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa, to all commercial, merchant, and non-interest banks and promoters...
  • Firm Begins Construction Of 295-Meter LNG Carrier - Chinese shipbuilder, Hudong-Zhonghua Shipbuilding has started the construction of what is said to be the first single-class large LNG carrier of China Classification Society (CCS). The steel-cutting ceremony for the 174,000 m3 LNG carrier H1909A of PetroChina International was held at Hudong-Zhonghua Shipbuilding on March 4. This carrier is of...
TotalEnergies At 100, Reflects On Operations 

TotalEnergies At 100, Reflects On Operations 

With over 00,000 employees in 120 countries worldwide, TotalEnergies on Thursday, March 28th, 2024 celebrated its 100th anniversary of the Company’s creation.    TotalEnergies’ 100-year...
NDDC Visits Foreign Scholarship Students In UK

NDDC Visits Foreign Scholarship Students In UK

The Niger Delta Development Commission, NDDC, is demonstrating its commitment to ensuring optimal value from its renowned foreign postgraduate scholarship programme.  To achieve...
Minister Inaugurates NAIDP Implementation Committee

Minister Inaugurates NAIDP Implementation Committee

Following the approval of the new Nigerian Automotive Industry Development Plan (NAIDP) by the Federal Government in 2023, the Minister, Federal Ministry of...

NDDC Visits Foreign Scholarship Students In UK

The Niger Delta Development Commission, NDDC, is demonstrating its commitment to ensuring optimal value from its renowned foreign postgraduate scholarship programme.  To achieve this, the NDDC has embarked on a Moni...

Minister Inaugurates NAIDP Implementation Committee

Following the approval of the new Nigerian Automotive Industry Development Plan (NAIDP) by the Federal Government in 2023, the Minister, Federal Ministry of Industry, Trade and Investment (FMITI), Dr Doris Nkiruka Uzoka-...

CBN Increases Capital Base For Banks To ₦500b

The Central Bank of Nigeria (CBN) has increased new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion. A circular signed by t...

Just In: FAAN Shuts KFC Outlet At MMIA

In line with Lagos State law on People with Special Needs , Part C , section 55 of General Provisions on Discrimination which states that ,” A person shall not deprive another person of access to any place , vehicl...

Shippers Council Okays Haulage Rates For Eastern Ports

Negotiated and reviewed haulage rates from Eastern ports to various destinations across the country has been approved by the Nigerian Shippers’ Council (NSC).According to the NSC, the rates approved were in considerati...

Capital Market/Banking

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CBN Increases Capital Base For Banks To ₦500b

The Central Bank of Nigeria (CBN) has increased new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion. A circular signed by t...

SEC, NGX Group, ASHON, Others Celebrate Oscar Onyema

The Securities & Exchange Commission (SEC), Nigerian Exchange Group Plc, Association of Securities Dealing Houses of Nigeria (ASHON) among other key stakeholders on Tuesday celebrated the outgoing Group Chief Executi...

CBN Raises Interest Rate To 24.75 Percent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent.  This is according to a Tuesday communique by the CBN governor Yem...

Alternative Finance For Creative Industry: VFD Group Mulls SplitXchange  

VFD Group Plc has stressed the need for increased financing for the entertainment and media industry to boost foreign exchange earnings and economic development.The Managing Director of Splitar Limited, Mr Folagbade Adey...

CBN Sells FX To BDCs At N1,251/$1

As the naira gradually appreciates against the dollar after months of unprecedented uncertainties, the Central Bank of Nigeria (CBN), on Monday, announced the sales of $10,000 to each of the eligible Bureau De Change (BD...

Maritime

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Firm Begins Construction Of 295-Meter LNG Carrier

Chinese shipbuilder, Hudong-Zhonghua Shipbuilding has started the construction of what is said to be the first single-class large LNG carrier of China Classification Society (CCS). The steel-cutting ceremony for the 174,...

Shippers Council Okays Haulage Rates For Eastern Ports

Negotiated and reviewed haulage rates from Eastern ports to various destinations across the country has been approved by the Nigerian Shippers’ Council (NSC).According to the NSC, the rates approved were in considerati...

Firm Gets $1.8b Contract For Eight LNG Vessels

Korean shipbuilding major, Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering, has received a construction order for eight liquefied natural gas (LNG) vessels from an undisclosed shipowner. Unde...

NPA Boss Begins Working Week On Tin-Can Port Access Road

As measure of consolidating the gains recorded in the clearance of illegal check/extortion points and shanties resulting in traffic gridlock on Tincan Island Port access road, Managing Director /CEO Nigerian Ports Author...

Shippers Council Harps On Paperless Operations

The Nigerian Shippers’ Council (NSC) has set August 2024 deadline for full paperless operations as part of measures to drive service efficiency and contribute revenue to the Federal Government, NSC Executive ...

NADDC To Partner Oando Clean Energy On Vehicle Electrification 

The  National Automotive Design and Development Council (NADDC) and Oando Clean Energy are set to forge closer ties on Vehicle Electrification.   According to NADDC, a courtesy visit  to the Council&n...

Jetour Exhibits Attributes At Lagos Motor Show

Smarting from its superb performance at the Abuja Motor Fair which held late last year at the International Conference Centre, Jetour Mobility Services has once again stolen the show with its models at the Lagos Motor Sh...

FG Approves 90-Day Window For Payment Of Duty On Improperly...

To  enhance compliance and streamline import processes, the Nigeria Customs Service (NCS), under the directive of the Minister of Finance and Coordinating Minister of the Economy, has announced a 90-day window for r...

NADDC To Partner Anambra, Harps On Component Parts Manufacturing

The Director General, National Automotive Design and Development Council (NADDC), Oluwemimo Joseph Osanipin has identified Nnewi, Anambra State as a hub for the manufacturing of automotive component parts in Ni...

NADDC, Osun Reiterate Mechatronics Training Partnership

The Director General, National Automotive Design and Development Council (NADDC), Mr. Oluwemimo Joseph Osanipin has reiterated the Council’s commitment for more productive collaboration with Osun State Government.O...

Energy

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TotalEnergies At 100, Reflects On Operations 

With over 00,000 employees in 120 countries worldwide, TotalEnergies on Thursday, March 28th, 2024 celebrated its 100th anniversary of the Company’s creation.    TotalEnergies’ 100-year history tells the stor...

Edo To Float New Gas Company

The Edo State Government has set up Edo Green Energy Limited to be run as a private sector-facing entity which will engage in the commercialization of gas in the State.Commissioner of Mining and Energy, Hon. Enaholo Ojie...

Edo, Oando To Generate 175MW Wind Energy

The Edo State Government’s renewable energy programme being implemented in partnership with Oando Energy will result in the construction of wind turbines across three locations in the three senatorial districts of the ...

Russian Firm, Rosatom Commences Exploration Of Lithium In Edo

One of Europe’s largest nuclear energy companies, Rosatom, has commenced exploration of lithium in Edo State and has gotten the state government’s approval to build a lithium processing plant. The Commissioner of Min...

NADDC To Partner Oando Clean Energy On Vehicle Electrification 

The  National Automotive Design and Development Council (NADDC) and Oando Clean Energy are set to forge closer ties on Vehicle Electrification.   According to NADDC, a courtesy visit  to the Council&n...

Photo News

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Photo News:

Photo News

L-R Managing Director/CEO of Federal Housing Authority, Hon Oyetunde Ojo; Special Adviser to the Governor on Housing and Mortgage Development, Mr Gboyega Oloniyo; Ekiti State Governor, Mr Biodun Oyebanji; Executive Direc...

Photo News

L-R: National Secretary, National Palm Produce Association Of Nigeria (NPPAN), Kayode Babatola; Chief Operations Officer, Presco Plc, Reinout Impens; Permanent Secretary, Edo State Ministry Of Business Trade and Cooperat...

NPA Photo News:  

Photo News

L-R: Representative of the Secretary to the Government of the Federation (SGF) Mr Bassey Abia, Director General Nigeria Civil Aviation Authority (NCAA) Capt Chris Najomo, Minister of Aviation and Aerospace Development Mr...

Security/Safety

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Easter: FRSC Boss Directs Strategic Deployment Of Personnel

Easter: FRSC Boss Directs Strategic Deployment Of Personnel

The Corps Marshal, Federal Road Safety Corps (FRSC), Dauda Ali Biu has tasked Commanding Officers to ensure full deployment of staff for maximum...
FG Offers Scholarship To Children Of 17 Slain Soldiers

FG Offers Scholarship To Children Of 17 Slain...

President Bola Tinubu has offered scholarships to the children of the 17 soldiers who were murdered in the Okuama community, Bomadi Local Government...
FRSC Inaugurates Joint Taskforce On Use Of Trailers To Convey Passengers

FRSC Inaugurates Joint Taskforce On Use Of Trailers...

In a swift response to the urgency to halt the rising cases of traffic infractions occasioned by the use of trailers to convey...

Agriculture

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Okomu Oil Palm Marks International Women’s Day

The Edo State government has reaffirmed its dedication to empowering women in the state, aiming to foster an inclusive and developed society. Hon. Christabel Omoh Ekwu, the state commissioner for social develop...

FG Tasks Oil Palm Stakeholders On Expansion Agenda

By Moses Ebosele, ebosele@hotmail.com The Federal Ministry Of Industry Trade & Investment has challenged Oil Palm Stakeholders to take advantage of technology and innovations as part of measures to opt...

AfDB Supports Nigeria With $134 Million To Cultivate Rice, Maize,...

The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soyabeans to boost food production. The bank is providing $134 million to achieve this, it president, Dr ...

Education

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NDDC Visits Foreign Scholarship Students In UK

The Niger Delta Development Commission, NDDC, is demonstrating its commitment to ensuring optimal value from its renowned foreign postgraduate scholarship programme.  To achieve this, the NDDC has embarked...

FG Offers Scholarship To Children Of 17 Slain Soldiers

President Bola Tinubu has offered scholarships to the children of the 17 soldiers who were murdered in the Okuama community, Bomadi Local Government Area in Delta state. Tinubu also granted posthumous national ...

NLC Backs NASU, SSANU

The Nigerian Labour Congress (NLC) has declared its support for the ongoing strike by the Non-Academic Staff Union of Educational (NASU) and associated institutions of the Senior Staff Association of Nigerian U...