30.18Lagos

Sunday, 28 November 2021

headlines
  • SEC Warns Quoted Firms To Desist From Selective Dividend Payments - The Director-General, Securities and Exchange Commission (SEC) has warned quoted companies and capital market registrars to desist from selective payments and distribution of dividends.   Yuguda stated this in his keynote address on Saturday at the Institute of Capital Market Registrars (ICMR) 10th Annual Conference, Investiture of fellows, Induction of Associates...
  • Buhari Congratulates Lee Engineering Group At 30 - President Muhammadu Buhari has rejoiced with major indigenous player in the oil and gas industry, Lee Engineering Group, as it marks 30 years of its establishment.  The President, in a congratulatory message by his spokesman, Mr Femi Adesina, on Saturday greeted the Chairman of the Group, Dr Leemon Ikpea, the...
  • Innoson, Jet Systems, Others Set For 2021 NAJA Awards - All is now set for the 2021 Nigeria Auto Journalists Association (NAJA) Awards scheduled to hold on Wednesday, December 1, 2021 at the Eko Hotel & Suites, Victoria Island, Lagos State.    According to the organisers, eventual winners in each of the categories are expected to be declared on that date.  ...
  • Lagos APPEALS Supports 2,691 Farmers With Inputs, Equipment - In line with its agenda, the Agro-processing, Productivity Enhancement and Livelihood Improvement Support (APPEALS) project in Lagos State has supported a total of 2,691 farmers and Small Scale Entrepreneurs with inputs and equipment across poultry, rice, and aquaculture.   Lagos State Commissioner of Agriculture, Ms. Abisola Olusanya, who revealed this at the...
  • Oil Palm: Igbinedion Varsity Secures N500m CBN Facility - The Igbinedion University, Okada, has secured a N500 million Central Bank of Nigeria (CBN) facility to resuscitate and expand its existing oil palm plantation. The university’s Vice-Chancellor (VC), Prof. Lawrence Ezemonye, made this known on Friday in Okada, Edo State, in his address at the 19th Convocation ceremony of the...
SEC Warns Quoted Firms To Desist From Selective Dividend Payments

SEC Warns Quoted Firms To Desist From Selective...

The Director-General, Securities and Exchange Commission (SEC) has warned quoted companies and capital market registrars to desist from selective payments and distribution of...
Buhari Congratulates Lee Engineering Group At 30

Buhari Congratulates Lee Engineering Group At 30

President Muhammadu Buhari has rejoiced with major indigenous player in the oil and gas industry, Lee Engineering Group, as it marks 30 years...
Innoson, Jet Systems,  Others Set For 2021 NAJA Awards

Innoson, Jet Systems, Others Set For 2021 NAJA...

All is now set for the 2021 Nigeria Auto Journalists Association (NAJA) Awards scheduled to hold on Wednesday, December 1, 2021 at the...

APPEALS Project Teams Visit Direct Beneficiaries In Kogi

As part of the ongoing Pre-Mission exercise in Kogi State being led by the Project Operations Manager, Dr. Salisu Garba, APPEALS Project teams have visited direct beneficiaries of the project across different parts of th...

SON Seals Plastic Firm In Lagos

The Standards Organisation of Nigeria (SON) has sealed a plastic company and arrested three persons for producing harmful plastics.  According to the Director-General, SON, Farouk Salim, the enforcement exercise was...

AMCON Boss Receives ‘Public Integrity Award 2021’ Plaque

The Managing Director/CEO of Asset Management Corporation of Nigeria (AMCON) who recently won the “Public Integrity Award 2021,” at the maiden edition of the New Telegraph Newspaper Awards 2021 in Lagos has been pres...

NLC Rejects Planned Petrol Price Increase

The Nigeria Labour Congress (NLC) has called on the Federal Government to consider options to help the country embrace developmental governance and accountable leadership while rejecting the planned petroleum price inc...

SIFAX Group, Head Communications Bag BrandCom Awards

For its phenomenal growth and impactful service delivery in the course of the year, SIFAX Group, a group of companies with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services...

Capital Market/Banking

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SEC Warns Quoted Firms To Desist From Selective Dividend Payments

The Director-General, Securities and Exchange Commission (SEC) has warned quoted companies and capital market registrars to desist from selective payments and distribution of dividends.   Yuguda stated this in his ...
Ecobank

Ecobank Secures €100m Credit Facility From EIB

By Moses Ebosele, ebosele@hotmail.com   Ecobank Group has signed €100 million credit facility with the European Investment Bank (EIB).    A statement explained that the six year facility a...

Minister Urges Capital Market Investors To Take Advantage of Master...

Investors in the capital market have been urged to take advantage of initiatives introduced in the capital market which are aimed primarily at strengthening the market and accelerating development.  Minister of Fina...

Unity Bank Targets Women, Unveils Yanga Account

As part of measures to demonstrate increased commitment towards promoting financial inclusion and women empowerment, Nigeria’s retail lender, Unity Bank Plc has launched Yanga Account, a new retail product designe...

CBN Retains MPR At 11.5%, Other Parameters Remain Constant

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 percent for the umpteenth time.  Reading a communiqué after the committee’s 282...

Maritime

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French Ambassador Scores Nigerian Navy High On Maritime Safety

The French Ambassador to Nigeria, Mrs Emmanuelle Blatmann, on Friday scored the Nigerian Navy high in its bid to curb maritime insecurity, especially piracy in the Gulf of Guinea. Blatmann, during a courtesy visit to the...

CMA CGM Adds 62 Ships, Reports $5.6b Profit

For the third quarter (Q3) of 2021, French container shipping and logistics giant,  CMA CGM attained $5.6 billion income, compared to $567 million recorded in Q3 2020. Meanwhile, a total of ten new owned vessel...

NIMASA, Korean Coast Guard Seal Maritime Security MoU

By ebosele@hotmail.com  — AS part of measures to enhance cooperation in the field of Maritime Security and Safety, Nigeria, through the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Republic...

NIMASA Inaugurates Staff Joint Consultative Forum

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has inaugurated an 18-member staff joint consultative forum for the purpose of strengthening the relationship bet...

NIMASA At Trade Fair, Seeks National Policy On Waste Management

The Nigerian Maritime Administration and Safety Agency (NIMASA) on Saturday called for the development of a national policy on waste management. The  Director-General of NIMASA, Dr Bashir Jamoh, made the appeal at N...

Innoson, Jet Systems, Others Set For 2021 NAJA Awards

All is now set for the 2021 Nigeria Auto Journalists Association (NAJA) Awards scheduled to hold on Wednesday, December 1, 2021 at the Eko Hotel & Suites, Victoria Island, Lagos State.    According to ...

Toyota Nigeria Unveils New Corolla

By ebosele@hotmail.com  —  Toyota Nigeria Limited (TNL) has unveiled new Corolla sedan for the nation’s market.   The new Corolla was the only new vehicle (model) unveiled at the just conclu...

Electric Vehicle Transition Threatens 60,000 Italian Jobs

The transition to electric cars could jeopardise 60,000 jobs in Italy, one of the country’s main metal workers’ unions has said and called on the government to support a sector that is “overwhelmed by c...

Mercedes-Benz SL-Class, BMW 7-Series Jostle For Luxury Car Of The...

By Moses Ebosele, ebosele@hotmail.com   — All is now set for the 2021 Nigeria Auto Journalists Association (NAJA) award scheduled to hold December 1, at Eko Hotels and Towers, Victoria Island, Lagos State. ...

Daimler To Sell Entire $364m Stake In Renault

Daimler plans to dispose of its stake in Renault, the next step in dissolving equity ties forged over a decade ago to cement a three-way partnership between the German automaker, Renault and Nissan. Automotive News repor...

Oil Dips, Awaits OPEC+ Response To U.S.-Led Oil Release

Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy ...

US To Release Oil Reserves

The US has said it is releasing 50 million barrels of oil from its reserves in an attempt to bring down soaring energy and petrol prices.  The move is being taken in parallel with other major oil-consuming nations, ...

Crude Oil Hovers Above Six-Week Low

Oil prices rose slightly on Thursday after dropping to six-week lows as investors wondered about how much crude major economies would release from their strategic reserves and how much that would ease global crude demand...

Orjiako Steps Down As Seplat Energy Chairman

By Moses Ebosele, ebosele@hotmail.com   —  Dr. A.B.C. Orjiako has stepped  down as Chairman and from the Board of Directors of Seplat Energy Plc.    Orjiako’s decision to step dow...

Shell Moves HQ To UK, To Change Name, Revamp Share...

Royal Dutch Shell plans to move its headquarters to Britain, simplify its share structure and change its name as part of an overhaul that executives say will better position the oil and gas giant’s transition to a clea...

Photo News

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Photo News

The Acting Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko (7th left), the Executive Secretary, Nigerian Shippers’ Council, Hon, Emmanuel Jime (8th left). Executive Director, Marine and Operation...

Photo News

Captain Olugbemiga Abidoye and wife with Officiating Ministers, after a Thanksgiving service marking his 70th birthday anniversary at the All Souls Anglican Church, Lekki. 

Photo News

From left: Group Head, Retail, E-Business and SME Banking, Unity Bank Plc, Mr. Olufunwa Akinmade congratulating the star prize winner in Lagos NYSC camp, Olawale Moshood Mohammed. 

Photo News

R-L: Managing Director, Nigeria LNG Limited, Dr. Philip Mshelbila; Managing Director, Shell Nigeria Gas and President, Nigeria Gas Association, Mr. Ed Ubong; Managing Director, Shell Nigeria Exploration and Production Co...

NPA Photo News

Representative of the Acting Managing Director of the Nigerian Ports Authority (NPA), the Executive Director, Engineering and Technical Services, Prof. Idris Abubakar (4th left), the General Officer Commanding (GOC) 81 D...

Security/Safety

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Niger Spends N5b On Security In Two Years

The Niger Government said it spent more than N5 billion in the last two years on general security in the state.  Alhaji Ahmed...
FRSC Cautions Motorists On Lagos-Ibadan Expressway ‘Black Spot’

FRSC Cautions Motorists On Lagos-Ibadan Expressway ‘Black Spot’

The Federal Road Safety Corps (FRSC) in Ogun State on Sunday urged motorists to exercise patience, particularly around Berger area of the Lagos-Ibadan...
Nigerian Navy Deploy Ships, Helicopters For ‘OMI MIMO’ Exercise

Nigerian Navy Deploy Ships, Helicopters For ‘OMI MIMO’...

The Nigerian Navy (NN) has deployed six ships, two helicopters and the NN Special Boat Service (SBS) alongside two Deep Blue Project ships...

Agriculture

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Lagos APPEALS Supports 2,691 Farmers With Inputs, Equipment

In line with its agenda, the Agro-processing, Productivity Enhancement and Livelihood Improvement Support (APPEALS) project in Lagos State has supported a total of 2,691 farmers and Small Scale Entrepreneurs wi...

Oil Palm: Igbinedion Varsity Secures N500m CBN Facility

The Igbinedion University, Okada, has secured a N500 million Central Bank of Nigeria (CBN) facility to resuscitate and expand its existing oil palm plantation. The university’s Vice-Chancellor (VC), Prof. Law...

Okomu Oil Explores Agenda For 2022

By Moses Ebosele, ebosele@hotmail.com  — The Board of Okomu Oil Palm Plc is to meet on Monday, December 13, 2021 to consider amongs others, the company’s business and forecast for 2022.   Co...

Education

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WAEC Releases 2021 WASSCE Results, Hikes Fees To N18,000

The West African Examinations Council (WAEC) has increased registration fees for school candidates for the West African Senior School Certificate Examination (WASSCE) from N13,950 to N18,000, beginning from 202...

TETFund Seeks More Research Investments In Varsities

Executive Secretary, Tertiary Education Trust Fund (TETFund), Prof. Suleiman Bogoro, has called for more investments in research in the country’s universities. Bogoro made the call while delivering a lecture ...

NECO Releases 2021 Examination Results

The National Examination Council (NECO) on Friday announced the release of the results of the Senior Secondary School Certificate Examination (SSSCE) conducted nationwide in July.  NECO Registrar and Chief...