29.18Lagos

Tuesday, 4 October 2022

headlines
  • Nigeria Re-Elected As ITU Council Member - Nigeria has been re-elected as a Council member of the International Telecommunication Union (ITU), the United Nations specialised agency that oversees global telecommunication operations.   A statement signed by Reuben Muoka, NCC Director, Public Affairs, explained that Nigeria will serve on the Council again from 2023-2026.  According to Muoka, the election of Nigeria...
  • Minister Lauds NIMASA’s Capacity Development Initiatives - The Minister of Transportation, Engr. Mu’azu Jaji Sambo has commended the Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) for its capacity development initiative in the Nigerian maritime sector. He further applauded the Agency for remaining focused in the delivery of its mandate, noting that the Agency has...
  • Govt, Stakeholders Explain Agenda For One Million Jobs In Maritime Sector - Determined to reduce unemployment in the country, industry stakeholders and top government officials will on Tuesday meet to discuss how to create one million jobs in the maritime sector for youths within one year.  The event, being initiated by the Employment Clinic as part of efforts to reduce poverty and...
  • Farmer Decries High Cost Of Fish Feeds  - An Akure-based fish farmer, Mr Lanre Adekunle, has lamented the high cost of fish feeds.  Adekunle started his fish farm after benefitting from a training and empowerment programme of the International Fund for Agricultural Development (IFAD)/ Livelihood Improvement Family Enterprises Niger Delta (LIFE-ND) project.  He has 12 fish ponds at...
  • Monkeypox: Nigeria Records 41 New Cases - The Nigeria Centre for Disease Control (NCDC), reported 41 new cases of Monkeypox disease between August  29 and September 4, from 12 states of the Federation.  The NCDC via its official website on Sunday explained that the 12 states were: Lagos (14), Abia (7), Imo (6), Ogun (5), Ondo (2), Akwa...
Nigeria Re-Elected As ITU Council Member

Nigeria Re-Elected As ITU Council Member

Nigeria has been re-elected as a Council member of the International Telecommunication Union (ITU), the United Nations specialised agency that oversees global telecommunication...
Minister Lauds NIMASA’s Capacity Development Initiatives

Minister Lauds NIMASA’s Capacity Development Initiatives

The Minister of Transportation, Engr. Mu’azu Jaji Sambo has commended the Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) for its...
Govt, Stakeholders Explain Agenda For One Million Jobs In Maritime Sector

Govt, Stakeholders Explain Agenda For One Million Jobs...

Determined to reduce unemployment in the country, industry stakeholders and top government officials will on Tuesday meet to discuss how to create one...

Berger Paints Appoints Alaba Fagun As MD

Berger Paints Nigeria Plc has appointed Mrs Alaba Fagun as its Managing Director, with effect from October 4, 2022. In a statement on Saturday, the Company’s Secretary, Mr Ayokunle Ayoko, explained that Fagun repl...

Concession Agreement: NPA Conculdes Report, Seeks FG’s  Approval 

The  management of Nigerian Ports Authority (NPA), at the weekend, disclosed that the concession agreement with five terminal operators that have expired have been concluded. According to NPA, the report would be su...

Nigeria At 62: FG Pledges Improved Welfare For Workers

The Federal Government has pledged to improve the welfare of Nigerian workers as the country marked its 62nd independence.  A statement issued on Friday by Minister of Labour and Employment,  Sen. Chris Ngige...

FEC Approves N27b For Road Project Linking Ondo, Edo States 

The Federal Executive Council (FEC) has approved N27 billion for the rehabilitation of a 27km road linking Ondo and Edo States.  Minister of Information and Culture, Alhaji Lai Mohammed revealed this to State House ...

FG Approves N580.5m For Armoured Vehicles To Fight Drug War

The Federal Executive Council (FEC)has approved N580.5 million for the procurement of four armoured vehicles to fight dangerous and illicit drugs by the National Drug Law Enforcement Agency (NDLEA).  Minister of Jus...

Capital Market/Banking

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NGX Group’s Shareholders Re-Elect Non-Executive Directors

Shareholders of Nigerian Exchange Group Plc (NGX Group) on Friday approved resolutions by the company’s Board of Directors to re-elect Mr Apollos Ikpobe and Dr Okechukwu Itanyi as non-executive directors.  They bo...

Elumelu Proposes N50m Capital Base For Insurance Brokers

Chairman, Heirs Holdings, Tony Elumelu,  on Thursday proposed N50 million as a capital base for insurance broking firms operating in Nigeria.  Elumelu, also founder, Tony Elumelu Foundation, said this at the 60th Anni...

Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b 

The Nigerian Exchange (NGX) on Wednesday gained N14 billion as market capitalisation closed at N26.531 trillion from N26.517 trillion recorded on Tuesday.  Also, the All Share Index (ASI) increased marginally by 10....

Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021

By Moses Ebosele, ebosele@hotmail.com   — For the 2021 financial year, Ardova Plc attained a gross revenue of N192.47 billion, representing a 5.95  per cent increase from the 2020 revenue of N181.66 bi...

Sterling Positions For Expansion With New Structure 

With the unanimous support received from its shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand its financial services footprint from traditional banking ...

Maritime

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Minister Lauds NIMASA’s Capacity Development Initiatives

The Minister of Transportation, Engr. Mu’azu Jaji Sambo has commended the Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) for its capacity development initiative in the Nigerian maritime s...

Govt, Stakeholders Explain Agenda For One Million Jobs In Maritime...

Determined to reduce unemployment in the country, industry stakeholders and top government officials will on Tuesday meet to discuss how to create one million jobs in the maritime sector for youths within one year. ...

Concession Agreement: NPA Conculdes Report, Seeks FG’s  Approval 

The  management of Nigerian Ports Authority (NPA), at the weekend, disclosed that the concession agreement with five terminal operators that have expired have been concluded. According to NPA, the report would be su...

CMA CGM Unveils Agenda To Offset Carbon Emissions 

French container and logistics company CMA CGM Group has launched ‘TEUs to Trees’, an early container return incentive program designed to increase climate change mitigation in the United States while assisting in th...

World Maritime Day: NPA Pledges To Galvanize Stakeholders, Preserve Environment

By Moses Ebosele, ebosele@hotmail.com   — The Nigerian Ports Authority (NPA)has reiterated its commitment to galvanize stakeholder opinion and preserve the environment.   Addressing stakeholders at the...

Toyota Shuts Russian Factory

Toyota has concluded plans to close its assembly line near Saint Petersburg, in a new example of supply chain problems dogging firms operating in the sanctions-hit country.   The industrial site spanning o...

Coscharis Motors Assembly Plant Wins Award 

It was another brilliant outing for one of the leading auto giant in Nigeria, Coscahris Motors Plc through its local assembly arm of the business, Coscharis Assembly Plant as it carted home the award of the Outstanding A...

Auto Journalists Congratulate Kemi Koyejo At 60

A cross-section of automobile Journalists in Nigeria has congratulated General Manager, Mandilas Mobility Division, Kemi Koyejo, who attained the age of 60 on Friday, September 23, 2022.   In a tribute titled: ...

Hyundai, IVECO Present First Fuel Cell Large Van  

Hyundai Motor Company and Iveco Group on Monday at IAA Transportation 2022 in Hannover unveiled the first IVECO eDAILY Fuel Cell Electric Vehicle.   Hyundai and Iveco Group have ambitious sustainability go...

Ojulari Resumes As MD Of Weststar Associates

The Board of Directors of Weststar Associates Limited, Nigeria’s Authorized General Distributor for Mercedes-Benz, has announced the appointment of Mrs. Mary Ojulari as the new Managing Director of Weststar A...

MISC,  ExxonMobil Unit, Strengthen LNG Carrier Deal 

MISC Berhad (MISC), owner and operator of Liquefied Natural Gas (LNG) carriers, has strengthened its partnership with ExxonMobil’s unit SeaRiver Maritime with new long-term time charter contracts.  Meanwhile, MISC...

NNPC Acquires OVH Energy Marketing Assets

The Nigerian National Petroleum Company Limited (NNPC LTD.) has completed the acquisition of OVH Energy Marketing Limited (OVHEM) downstream assets under an Accelerated Network Expansion (ANEX) Initiative. Unveiling the ...

Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021

By Moses Ebosele, ebosele@hotmail.com   — For the 2021 financial year, Ardova Plc attained a gross revenue of N192.47 billion, representing a 5.95  per cent increase from the 2020 revenue of N181.66 bi...

Shell Targets 10,000 Electric Vehicle Charging Points Across India

Shell plans to set up more than 10,000 electric vehicles (EV) charging points in India by 2030. Already, Shell has launched its first EV chargers in India, for the four-wheeler and two-wheeler segments in Bengaluru.&nbs...

Oil Dips On Weak Demand Fear, Strong Dollar

Oil prices drifted lower on Thursday as weak demand concerns over a large build in the crude inventory in the United States plus a strong dollar overtook potential supply disruption as the centre of focus, Reuters report...

Photo News

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Photo Caption

R-L: Minister of Transportation,  Mu’azu Jaji Sambo, Minister of State for Transportation, Mr. Ademola Adewole Adegoroye and Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko  during Sambo’...

World Maritime Day

L-R: Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko,  Rector, Maritime Academy Of Nigeria, Commodore Emmanuel Effedua (retd.) and Executive Secretary, Nigeria Shippers’ Council (NSC), Emman...

Photo News

L-R:  Director, Office of the Director General, Securities and Exchange Commission (SEC),  Mr Daiyabu Kurfi, Member Technical Committee MSME Forum, Mrs Precious Gilbert-Akpan , President, Micro, Small and Medium Ente...

Photo News

L-R: Medical Director Modibo Adamawa University Teaching Hospital (MAUTH) Prof Awal Abubakar, Minister of State Petroleum Resources Chief Timipre Sylva and Acting Permanent Secretary Ministry Petroleum Resources Engr Kam...

Photo News

EKiti State Governor-Elect, Mr. ‘Biodun Abayomi Oyebanji on a courtesy visit to the Honourable Minister of Transportation, Mu’azu Jaji Sambo and the Honourable Minister of State, Transportation, Prince Ademola Ad...

Security/Safety

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FRSC Deploys 800 Patrol Vehicles For ‘Ember Months‘ Campaign 

FRSC Deploys 800 Patrol Vehicles For ‘Ember Months‘...

Federal Road Safety Corps (FRSC) has deployed 800 patrol vehicles and 100 ambulances across Nigeria to address possible traffic congestions during the ember...
FRSC Advises Political Parties To Shun Reckless Driving During Campaigns

FRSC Advises Political Parties To Shun Reckless Driving...

The Federal Road Safety Corps (FRSC) has advised political parties preparing for campaigns ahead of the 2023 general elections to shun reckless driving...
FRSC Deploys 10 Additional Operational Vehicles To Tackle Gridlock In FCT 

FRSC Deploys 10 Additional Operational Vehicles To Tackle...

The Acting Corps Marshal, Federal Road Safety Corps (FRSC), Dauda Biu has directed the immediate deployment of 10 additional operational vehicles to tackle...

Agriculture

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Farmer Decries High Cost Of Fish Feeds 

An Akure-based fish farmer, Mr Lanre Adekunle, has lamented the high cost of fish feeds.  Adekunle started his fish farm after benefitting from a training and empowerment programme of the International Fun...

Union Bank Partners WACOT Rice On Financial Inclusion For Smallholder Farmers...

As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers inclu...

Cross River Concessions Cocoa Processing Plant  

Cross River Government has concessioned the ultra-model cocoa processing plant in Ikom, Ikom Local Government Area of the state to a private firm, AA Universal Agro Industries Ltd.   The Governor, Prof. Be...

Education

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NIWA Sensitises School Pupils On Career In Maritime  

The National Inland Waterways Authority (NIWA) in collaboration with Ocean Ambassadors Foundation (OAF) sensitised some Lagos Island primary school pupils on career in the maritime industry on Wednesday in Lago...

Council Inducts 54 Nursing Graduates Of Edo Varsity

The Nursing and Midwifery Council of Nigeria on Friday inducted 54 nurses who graduated from the Department of Nursing Science of Edo State University, Uzairue, Edo.  The Vice Chancellor of the Institution...

NLNG Awards 10 Overseas Post-Graduate Scholarships

Nigeria LNG Limited (NLNG) on Monday in Port Harcourt, Rivers State awarded post-graduate scholarships to ten (10) Nigerians to pursue Masters’s degrees at universities in the United Kingdom.  A state...