24.15Lagos

Wednesday, 28 July 2021

headlines
  • HIGHLIGHTS OF ACHIEVEMENTS FROM THE WORLD BANK MID-TERM REVIEW & 6TH IMPLEMENTATION SUPPORT MISSION OF APPEALS PROJECT - Preamble           The World Bank Mid-Term Review (MTR) and Sixth Implementation Support Mission for the Agro-Processing, Productivity Enhancement and Livelihood Improvement Support Projectwas conducted from February21-26 2021.The mission led by World Bank Senior Agriculture Economist and Task Team Leader of the APPEALS Project, Dr. Adetunji Oredipe was undertaken in partnership with the...
  • CBN Stops Sale Of FOREX To BDCs - The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of the sale of Foreign Exchange (forex) to Bureau de Change (BDC) operators in the country.  Mr. Godwin Emefiele, the CBN Governor, made this announcement on Tuesday while presenting a communique from the apex bank’s Monetary Policy Committee (MPC)...
  • Arik Air Reconnects Warri, Schedule Benin Flights From MM2 - Arik Air is to resume flights to Warri, Delta State from Lagos and Abuja on August 3, 2021.   In a statement on Tuesday,  Chief Executive Officer, Arik Air,  Capt. Roy Ilegbodu explained that upon resumption, the airline would operate four flights a week from Abuja and Lagos on Tuesdays, Thursdays, Saturdays and...
  • Lagos Partners First Bank On Primary Health Care - The Lagos State Government (LASG) has partnered First Bank of Nigeria in providing a Primary Healthcare Centre (PHC) at Ijeododo Community in Lagos State.  Speaking at the groundbreaking ceremony on Tuesday, Governor of Lagos State,  Babajide Sanwo-Olu, explained that PHC would improve the standard of living of the residents of Ijeododo in...
  • Report: Connecting Schools Has The Potential To Boost GDP Up To 20 Percent - An Economist Intelligence Unit (EIU) report sponsored by Ericsson (NASDAQ: ERIC) has found that nations with low broadband connectivity have the potential to realize an increase in GDP by up to 20 percent by connecting schools to the internet.  A well-educated workforce is more likely to be innovative and foster...
HIGHLIGHTS OF ACHIEVEMENTS FROM THE WORLD BANK MID-TERM REVIEW & 6TH IMPLEMENTATION SUPPORT MISSION OF APPEALS PROJECT

HIGHLIGHTS OF ACHIEVEMENTS FROM THE WORLD BANK MID-TERM...

Preamble           The World Bank Mid-Term Review (MTR) and Sixth Implementation Support Mission for the Agro-Processing, Productivity Enhancement and Livelihood Improvement Support Projectwas conducted...
CBN Stops Sale Of FOREX To BDCs

CBN Stops Sale Of FOREX To BDCs

The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of the sale of Foreign Exchange (forex) to Bureau de Change (BDC)...
Arik Air Reconnects Warri, Schedule Benin Flights From MM2

Arik Air Reconnects Warri, Schedule Benin Flights From...

Arik Air is to resume flights to Warri, Delta State from Lagos and Abuja on August 3, 2021.   In a statement on Tuesday,  Chief...

HIGHLIGHTS OF ACHIEVEMENTS FROM THE WORLD BANK MID-TERM REVIEW &...

Preamble           The World Bank Mid-Term Review (MTR) and Sixth Implementation Support Mission for the Agro-Processing, Productivity Enhancement and Livelihood Improvem...

Report: Connecting Schools Has The Potential To Boost GDP Up...

An Economist Intelligence Unit (EIU) report sponsored by Ericsson (NASDAQ: ERIC) has found that nations with low broadband connectivity have the potential to realize an increase in GDP by up to 20 percent by connecting s...

Pension Fund Hits N12.66tri

The National Pension Commision (PenCom), on Monday disclosed that pension fund assets had risen to N12.66 trillion as at June 30, 2021, with contributors under the Contributory Pension Scheme (CPS) hitting the 9.38 milli...

Buhari Signs N982.7b Supplementary Budget Into Law

President Muhammadu Buhari on Monday signed the N982.7 billion supplementary budget for 2021 into law.  The Presidency presented the budget to the National Assembly to address urgent security and COVID-19 needs of t...

Appeals Project Strengthens Capacity Building, Lists Benefit For 39,000 Nigerians

By Moses Ebosele, ebosele@hotmail.com  — The National Project Coordinator, World Bank  Agro-Processing, Productivity Enhancement and Livelihood Improvement Support (APPEALS),Alhaji Mohammed Sani Jo...

Capital Market/Banking

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CBN Stops Sale Of FOREX To BDCs

The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of the sale of Foreign Exchange (forex) to Bureau de Change (BDC) operators in the country.  Mr. Godwin Emefiele, the CBN Governor, made th...

Universal Insurance, Oando Top Gainers’ Table As Market Capitalisation Recover...

Transactions on the Nigerian Exchange improved further by 0.21 per cent on Friday. Specifically, the All-Share Index which opened at 38,585.52 inched higher by 82.38 points or 0.21 per cent to close at 38,667.90. Also, t...

NETCO Declares N18.02b Revenue, Shareholders Get N400m Dividend

For the year ended December 31, 2020, the National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has reported N18.02 billion revenue and profit before tax o...

Sekibo: Market Formation Framework, Driver To Optimally Develop Solid Mineral...

MD/CEO of Heritage Bank Plc, Ifie Sekibo has said that market formation framework is the key to optimally exploit Nigeria’s precious metal and solid minerals endowments.  He disclosed this during a webinar organis...
Ecobank

Ecobank Celebrates Nigerians In Diaspora, Explains Zero Fees For Transactions...

In commemoration of this year’s National Diaspora Day event, Ecobank Nigeria is joining the rest of the country to celebrate Nigerians in the diaspora by making transactions on its proprietary money transfer app, Rapid...

Maritime

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Five Abducted Maritime Workers, Others Regain Freedom

The eight Nigerians, among them five members of the Maritime Workers of Nigeria (MWUN) kidnapped by gunmen  in Rivers State waters on Monday have regained their freedom.   A statement issued by Assistant D...

NIMASA DG Condemns kidnap Of Five Maritime Workers

The Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has condemned in very strong terms the kidnap of eight Nigerians, five of them members of the Maritime Workers Union ...

South African Port Operator Hit By Cyber Attack

South Africa’s logistics company, Transnet SOC has announced that its IT system was hit with a “disruption” that halted operations at the port’s terminals. The company confirmed that the cyber-attack occurre...

Navy Releases Impounded Vessel To Blut Logistics

The Nigerian Navy Ship (NNS) Delta has handed over MV Platform Care I vessel to its owner,   The News Agency of Nigeria (NAN) reports that the impounded vessel was released to the owner on Friday at the Naval B...

Air Liquide Pledges Support For World’s First Hydrogen Ship

Air Liquide, French gas and technology company has announced that it will become the main partner of the Energy Observer, “the world’s first hydrogen vessel”, for the next four years.  The two partners ha...

NADDC, FRSC, Coscharis, Weststar, TNL, Others Back 2021 NAJA Workshop

All is now set for this year’s edition of the Nigeria Auto Journalists Association (NAJA) Training/Capacity Building programme scheduled for Thursday, July 29, 2021 inside the training hall of Golden Tulip Hotel, along...

Ford Escape Explains Special Discounts, Renews Commitment In Nigeria

One of the exciting take homes from the recently held Lagos Motor Fair was the announcement by Coscharis Motors Plc, Ford brand’s sole authorised dealer in Nigeria, of the nearly Two Million Naira discount on one of Fo...

Toyota Unveils New Aqua Electric Car

Toyota Motor Corporation has launched its new Aqua hybrid electric compact car redesigned to realize its mission to ‘introduce sustainable vehicles practically’ and to contribute to carbon neutral...

Toyota, Suzuki, Daihatsu Explore Electric Vehicle Venture

Suzuki Motor Corporation and Daihatsu are joining a commercial electric vehicle coalition led by Toyota Motor Corporation, the carmakers announced on Wednesday, helping the Japanese alliance expand its focus from tru...

Daimler Reports $4.3b Quarterly Profit

Germany – German auto maker Daimler reaped strong profits in the second quarter as demand for its Mercedes luxury cars continued to rebound from the depths of the pandemic, generating cash that the company can in...

Oriental Energy Appoints Mustafa Indimi New Managing Director

By Moses Ebosele, ebosele@hotmail.com — Mustafa Indimi has been appointed the new Managing Director of Oriental Energy Resources Limited, a leading indigenous oil exploration and production company in Nigeria.&nbs...

Firm Pays N19b For Yola Electricity, To Invest N28b In...

Quest Electricity Nigeria Limited has paid N19 billion to acquire Yola Electricity Distribution Company (YEDC), the Bureau of Public Enterprise (BPE) has said.  Mr Alex Okoh, the Director-General of the Bureau of Pu...

Oando Enters Into Settlement With SEC

Oando Plc has entered into a settlement with the Securities and Exchange Commission in the overriding interest of the shareholders of the Company and the capital market.  This was contained in a Circular releas...

Oil Producing Nations Seal Deal To Control Prices

Oil producing nations have agreed to increase their output, with the aim of reducing prices and easing pressure on the world economy.  Under the arrangement, the Opec cartel and partners such as Russia will boost su...

Shell Seals New NLNG Charter Agreements

Shell Tankers (Singapore) has inked new charter agreements with Knutsen LNG, Pan Ocean and investors advised by J.P. Morgan Asset Management for six Liquified Natural Gas (LNG) ships, bringing its LNG carrier f...

Photo News

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Photo News

Managing Director/CEO, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe (R) presenting a gift to Popular Nigerian Blogger and CEO Linda Ikeji TV, Ms. Linda Ikeji when the serial entrepreneur paid a courtesy visit on the  bank...

Photo News

L-R: Tanzania High Commissioner in Nigeria, His Excellency Dr. Benson Alfred Bana; Founder/Chief Operating Officer TAJBank Limited, Mr. Hamid Joda; and the bank’s Co-Founder/Chief Marketing Officer, Mr. Sherif Idi; whe...

Photo News

L:R: The New Managing Director, Nigeria Liquefied Natural Gas (NLNG) Mr Phillip Mshelbila, in a handshake with Minister of State Petroleum Resources Chief Timipre Sylva and outgoing MD, Dr. Tony Attah, during the introdu...

NPA Photo News

R-L: The Acting Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello Koko, presents the Authority’s plaque to the President Italy-Nigeria Chamber of Commerce, Silvano Bellinato, who paid a working vi...

Photo News

L-R: Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh; Minister of Transportation, Rt. Hon.  Rotimi Amaechi; Acting Managing Director, Nigerian Ports Authority (NPA), M...

Security/Safety

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Nigerian Navy Deploys Ships, Helicopters For Sea Exercise

Nigerian Navy Deploys Ships, Helicopters For Sea Exercise

The Nigerian Navy (NN) says that eight ships, two helicopters, Maritime Domain Awareness facilities and elements of the NN Sea Boat Service (SBS)...
FRSC Boss Orders Clampdown On Articulated Vehicles Without Speed Limiters

FRSC Boss Orders Clampdown On Articulated Vehicles Without...

The Corps Marshal, Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi, has ordered a clampdown on commercial and articulated vehicles without speed limiting...
NIS Rescues Four Victims Of Human Trafficking

NIS Rescues Four Victims Of Human Trafficking

The Nigeria Immigration Service (NIS) has rescued four female victims of human trafficking in Jigawa State.  The Comptroller, Mr Isma’il Abba, told Journalists...

Agriculture

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Lagos Empowers 3,000 Fisheries, Others

The Lagos State Commissioner for Agriculture, Ms Abisola Olusanya, has said that no fewer than 3,000 agripreneurs in artisanal fisheries, poultry and piggery value chains would be empowered at the 2021 Agricult...

FG Hands Over 200 Hectares Farmland To Jigawa Farmers

The Federal Government on Saturday handed over additional 200 hectares of farmland to farmers under its Hadejia Valley Irrigation Scheme (HVIS), a N9 billion rehabilitation project in Auyo, Jigawa.  The mo...

Ministry, Japan Empower 150 Farmers With Rice Seeds, Inputs In...

The Federal Ministry of Agriculture and Rural Development (FMARD) in partnership with the Japan International Cooperation Agency (JICA) on Wednesday empowered 150 rice farmers with improved rice seeds and farm ...

Education

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200 Students Benefit From SIFAX-Sponsored Safe School Training

A total of 200 students drawn from selected public schools in Lagos State have been trained on various ways and means as well as strategies to live a drug-free life and how to avoid pitfalls of juvenile delinqu...

WAEC Registers 1.6m Candidates, Exam Begins August 16

No fewer than 1.6 million candidates are expected to participate in this year’s West African Senior School Certificate Examination (WASSCE) scheduled to begin on August 16, 2021.  The Head of National Of...

Ogun Varsity Generates N3.4b In Six Months

The Vice-Chancellor of Olabisi Onabanjo University (OOU), Ago-Iwoye in Ogun State, Prof. Ganiu Olatunde, on Tuesday disclosed that the institution generated more than N3.4 billion revenue between January and Ju...