30.18Lagos

Saturday, 16 October 2021

headlines
  • Brent Oil Hits $85 - For the first time since 2018, Brent crude on Friday topped $85 a barrel in London, the latest milestone in a global energy crisis that has seen prices soar.    Bloomberg reports that the global benchmark rose above the key level in intraday trading, but did not settle above it. U.S....
  • Bi-Courtney To Bid For Lagos, Abuja, Kano, Port-Harcourt Airport Terminals - Bi-Courtney Aviation Services Limited (BASL), operators of the Murtala Muhammed Airport Terminal 2 (MMA2), has indicated interest to bid in the ongoing concession of four major airport terminals by the Federal Government.  The Chairman of BASL, Dr Wale Babalakin, made the disclosure during an interactive session with Journalists at the MMA2...
  • Shell Appoints Sawan As Head Of Gas, Renewables - Royal Dutch Shell has appointed Wael Sawan as head of its integrated gas and renewables division, replacing Maarten Wetselaar who will leave the energy company after 25 years.Sawan currently heads Shell’s oil and gas production, or upstream, division.    In his new position he will oversee Shell’s continued expansion into low-carbon and renewable energies as well as...
  • NGX Group Listing Lifts Market Capitalisation By N192b - The Nigerian Exchange Group (NGX Group) listing on Friday lifted the market capitalisation of Nigerian Exchange Ltd (NGX) by N192 billion.  The News Agency of Nigeria (NAN) reports that NGX Group listed a total of 1.96 billion shares at N16.15 per share by way of introduction on the NGX on...
  • Toyota Cuts Global Production Plan By 15% - Toyota Motor Corporation on Friday cut its planned global output for November by as much as 15% due to ongoing chip shortages, but indicated it would ramp up production from December by sticking to its latest full-year production target.Japan’s leading carmaker said in a press release it would produce between 100,000...
Brent Oil Hits $85

Brent Oil Hits $85

For the first time since 2018, Brent crude on Friday topped $85 a barrel in London, the latest milestone in a global energy...
Bi-Courtney To Bid For Lagos, Abuja, Kano, Port-Harcourt Airport Terminals

Bi-Courtney To Bid For Lagos, Abuja, Kano, Port-Harcourt...

Bi-Courtney Aviation Services Limited (BASL), operators of the Murtala Muhammed Airport Terminal 2 (MMA2), has indicated interest to bid in the ongoing concession...
Shell Appoints Sawan As Head Of Gas, Renewables

Shell Appoints Sawan As Head Of Gas, Renewables

Royal Dutch Shell has appointed Wael Sawan as head of its integrated gas and renewables division, replacing Maarten Wetselaar who will leave the energy company after 25 years.Sawan...

Eto: TTP Implores Stakeholders On Traffic Procedures, List Gains

By Moses Ebosele, ebosele@hotmail.com   — To consolidate on the gains recorded by the Truck Transit Parks (TTP), owners of Eto App, the management of the company has appealed to all stakeholders to abide by lai...

Musikilu Mojeed: Great content, Key To Survival

Great content has been described as key to survival and making of online news outlets sustainable in this era.   The Editor-in-Chief, Premium Times, Mr. Musikilu Mojeed, gave this insight in his presentation at...

At GOCOP Confab, Nweke Urges Publishers To Avoid ‘Digital Sins’...

The Lead Consulting Strategist and Group Executive Editor, ITREALMS Media group, Mr. Remmy Nweke has urged online publishers, especially in Nigeria to avoid anything capable of leading them into committing ‘hotlinking...

Kano Sends N33.8b Supplementary Budget To Assembly

Kano State Governor, Abdullahi Ganduje has sent a N33. 8 billion 2021 supplementary budget to the House of Assembly for deliberation and subsequent approval.  His request was read at plenary in Kano on Tuesday, by t...

Buhari Appoints Yakusak As New CEO Of NEPC

President Muhammadu Buhari has approved the appointment of Dr Ezra Yakusak as Executive Director/Chief Executive Officer of Nigeria Export Promotion Council (NEPC).  Malam Garba Shehu, the Senior Special Assistant t...

Capital Market/Banking

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NGX Group Listing Lifts Market Capitalisation By N192b

The Nigerian Exchange Group (NGX Group) listing on Friday lifted the market capitalisation of Nigerian Exchange Ltd (NGX) by N192 billion.  The News Agency of Nigeria (NAN) reports that NGX Group listed a total of 1...

Fidelity Bank Wins 2020 DBN Service Award

Fidelity Bank Plc has won the 2020 Development Bank of Nigeria (DBN) service award for the highest disbursement to DBN-focused locations.  A statement issued on Friday quoted the bank’s Managing Director/Chief Exe...

Oscar Onyema Resigns From NGX Board

By Moses Ebosele, ebosele@hotmail.com   —  The Nigerian Exchange Limited (NGX) has announced the resignation of Mr. Oscar N. Onyema, OON, as Non-Executive Director, with immediate effect. A statement sent to Ci...

Unity Bank Boosts Capacity Building on Blue Economy, Empowers 3,000...

No fewer than three thousand girls drawn from Senior Secondary Schools across Nigeria have benefitted from a 3-day capacity building initiative on maritime commerce and National Virtual Maritime Quiz powered by Unity Ban...

FirstBank Partners NIBSS On Digital Payment

First Bank Nigeria has sealed a partnership with the Nigeria Inter-Bank Settlement System Plc. (NIBSS) on its Nigeria Quick Response (NQR) payment solution.   A statement issued on Wednesday quoted the Bank’s&nbs...

Maritime

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Jime Decries Infrastructure Gap In Nigeria’s Maritime Domain

The Executive Secretary /Chief Executive Officer, Nigerian Shippers’ Council (NSC) Mr Emmanuel Jime, has decried a general infrastructure gap in the country’s maritime domain.Jime said this when Presidents of Shipper...

Jime Inaugurates Committee To Tackle High Shipping Cost In Africa

The Executive Secretary and Chief Executive Officer,  Nigerian Shippers Council (NSC), Emmanuel Jime,  has inaugurated a committee of experts to help tackle high shipping cost within the Africa sub-region.&nbsp...

Shipping: Amaechi Charges Committee To Eliminate Delays, Corrupt Practices

Minister of Transportation, Rotimi Amaechi on Tuesday In Abuja charged the Committee of Experts, Union of African Shippers Council (UASC) to ensure all elements of cost relating to delays, corrupt practices are eliminate...

Adesina Flays Extortions At Nigerian Seaports

By Moses Ebosele, ebosele@hotmail.com — The President of Africa Development Bank (AfDB), Akinwumi Adesina has advised the Federal Government to clean up what he described as administrative bottlenecks at the natio...

Adesina: Why Nigerian Seaports Lag Behind In Africa

By Mosess Ebosele,  ebosele@hotmail.com  — Today, the leading ports for West Africa are in Cote d’Ivoire, Ghana, Togo and Benin Republic, President of Africa Development Bank (AfDB), Akinwumi Adesi...

Toyota Cuts Global Production Plan By 15%

Toyota Motor Corporation on Friday cut its planned global output for November by as much as 15% due to ongoing chip shortages, but indicated it would ramp up production from December by sticking to its latest full-y...

NAJA Opens Nominations For Nigeria’s Car Of The Year

The Nigerian Auto Journalists Association (NAJA) has announced date for the 2021 edition of the NAJA Awards.  A statement issued by the 2021 NAJA Awards Planning Committee Chairman, Theodore Opara explained tha...

Jaguar Land Rover Delivers 92,710 Units In Q2

For the second quarter ended September 30, 2021, Jaguar Land Rover delivered 92,710 vehicles, 18.4% lower than the 113,569 vehicles sold in Q2 last year.  Retails were lower year-on year in most regions, i...

Jaguar Land Rover Begins Delivery Of New SUV F-PACE

Jaguar Land Rover (JLR) on Monday commenced deliveries of the new Jaguar F-PACE SVR Sports Utility Vehicle (SUV) to customers in India.Powered by a petrol engine with an output of 405kW, the vehicle can accelerate fro...

BMW Lifts 2021 Annual Profit Forecast To 9.5%-10.5%

The management of BMW AG has lifted its annual profit margin forecast to between 9.5% and 10.5% from 7% to 9%.    The company in a statement also boosted its forecast for return on equity in its ...

Brent Oil Hits $85

For the first time since 2018, Brent crude on Friday topped $85 a barrel in London, the latest milestone in a global energy crisis that has seen prices soar.    Bloomberg reports that the global benchmark ...

Shell Appoints Sawan As Head Of Gas, Renewables

Royal Dutch Shell has appointed Wael Sawan as head of its integrated gas and renewables division, replacing Maarten Wetselaar who will leave the energy company after 25 years.Sawan currently head...

Shell-Led Consortium Secures Contract For Hydrogen Storage Project

The United  State  Department of Energy (DOE), on Thursday announced the award of contract to a consortium of companies led by oil major Royal Dutch Shell PLC to demonstrate that a...

TotalEnergies, Air Liquide Unveil Clean Hydrogen Infrastructure Fund

French companies, TotalEnergies , Air Liquide and Vinci announced the launch of what they said would be the world’s largest clean hydrogen infrastructure fund, as companies i...

Shell Reiterates Commitment To Nigeria’s Quest For Gas Hub In...

As part of the global quest for cleaner energy, Shell Petroleum Development Company of Nigeria (SPDC) is working to transform Nigeria into a gas hub within the Gulf of Guinea.  Speaking on Monday in Yenagoa, Bayelsa...

Photo News

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NPA Photo News

The Acting Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko on Friday inspected the vandalized Eto infrastructure location at the Abuja Gate and Tin Can Island Port 

SIFAX Group Photo News

L-R: Wunmi Eniola-Jegede, Executive Director, Business Development, SIFAX Group; Hon. Ganiu Ismail, Vice Chairman, Apapa Local Government; Dr. Taiwo Afolabi, Group Executive Vice Chairman, SIFAX Group; Hon. Idowu Sebanjo...

NIMASA Photo News

Director-General, Nigeria Maritime Administration and Safety Agency ( NIMASA), Dr Bashir Jamoh in a tete-a-tete with Nigeria’s Alternate Permanent Representative at the IMO, Mr. Dirisu Abdulmumuni during the celebra...

Photo News

L – R : Ezekiel Ugwu, Sales Manager, Jaguar Land Rover, Coscharis Motors; Ben Llewelyn – Jones, British Deputy High Commissioner; Abiona Babarinde, GM, Marketing & Corporate Communications, Coscharis Grou...

Photo News

The Representative of the Acting Managing Director of the Nigerian Ports Authority (NPA), Executive Director, Marine and Operations, Hon. Onari Brown (middle), Executive Secretary, Nigerian Shippers’ Council, Emmanuel ...

Security/Safety

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Nigerian Navy Intercepts 32.9kg Cocaine Aboard Vessel

Nigerian Navy Intercepts 32.9kg Cocaine Aboard Vessel

The Nigerian Navy has intercepted 32.9kg of cocaine wrapped in 30 slabs aboard Motor Vessel (MV) Chayanee Naree.   Briefing Journalists on Thursday in...
SON Seeks Partnership With Army On Intelligence, Surveillance, Enforcement

SON Seeks Partnership With Army On Intelligence, Surveillance,...

The Standards Organisation of Nigeria (SON)  is seeking a partnership with the Nigerian Army on intelligence sharing, surveillance and enforcement as part of measures...
Nigeria Customs To Impound 29 Airplanes

Nigeria Customs To Impound 29 Airplanes

The Nigeria Customs Service (NCS), on Tuesday, in Abuja, released its report on verification of privately-owned airplanes in the country and threatened to...

Agriculture

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Poultry Farmers Decry High Cost Of Inputs

Poultry Farmers under the aegis of the Poultry Association of Nigeria (PAN) in Alimosho, Lagos State have lamented the rising cost of poultry inputs.  The farmers in separate interviews with the News Agenc...

Nigeria Approves Cultivation Of Genetically Modified TELA Maize

The Nigerian Government has granted environmental approval for evaluation and open cultivation of TELA Maize in the country.   A statement issued on Sunday by Communication Officer,  Af...

Agriculture Stakeholders Seek Elimination Of Middlemen

Some agriculture stakeholders have called for the elimination of middlemen activities across all crop value-chain to curb hike in food prices.  They made the call in an interview with the News Agency of Ni...

Education

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Adebowale Emerges UI’s 13th Substantive VC

Prof. Kayode Adebowale, has emerged as the 13th Vice-Chancellor of Nigeria’s premier university, the University of Ibadan.  The announcement was made by the Chairman of the institution’s Governing Council,...

UNICAL Approves Digital Profiles Of Students

Vice-Chancellor, University of Calabar, Prof. Florence Obi, has approved the implementation of the Intelligent Digital Identity System (IDID) and the production of biometric-based intelligent identity cards, i...

Ikeja Electric donates educational materials to Lagos school

Ikeja Electric Plc has donated educational materials to the pupils of Odi-Olowo Nursery and Primary School, Idi-Oro, Mushin, Lagos, as part of its Personal Corporate Social Responsibility (PCSR) initiative.&nbs...