27.18Lagos

Wednesday, 25 May 2022

headlines
  • CBN Disburses N1tri To Farmers - The Central Bank of Nigeria (CBN) has increased its funding and interventions in various sectors to boost economic growth.  Governor of the CBN, Mr Godwin Emefiele, said this on Tuesday in Abuja while presenting a communique issued at the end of the bank’s Monetary Policy Committee meeting.  He said the intervention schemes...
  • Photo News - L-R: Abdulkadir Ahmed, Managing Director, NLNG Ship Management Ltd; Bala Wunti, GGM, NAPIMS; Philip Mshelbilia, MD/CEO, NLNG; Mele Kyari, GMD, NNPC; Adokiye Tombomieye, GED Upstream, NNPC; and Olalekan Ogunleye, Deputy MD, NLNG at the ongoing World Gas Congress in Daegu, South Korea…Tuesday. 
  • NGX Loses N519billion - The negative sentiment continued on the Nigerian Exchange Ltd., (NGX) on Tuesday with the market capitalisation declining further by N519 billion to close at N28.006 trillion against N28.525 trillion on Monday.  In the same vein, the All-Share Index lost by 1.82 per cent to close at 51,949.64 compared with 52,911.51...
  • NIWA Decries Increased Boats’ Mishaps, Threatens Punitive Measures - The National Inland Waterways Authority (NIWA) has decried the increase in boats’ mishaps within the nation’s waterways, leading to loss of innocent lives.  NIWA’s Managing Director, Dr George Moghalu, said this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lokoja.  Moghalu, who spoke through the...
  • Ngwu Replaces Ekweremadu As Ugwuanyi, Nnamani Secure PDP Senatorial Tickets In Enugu - Governor  Ifeanyi Ugwuanyi of Enugu State and Sen. Chimaroke Nnamani have secured the Senatorial District primary election of the Peoples Democratic Party (PDP) held in the state on Tuesday.  Ugwuanyi scored 299 valid votes cast to defeat three other aspirants, namely, Mr Celestine Okanya, Chief Ikechukwu Eze and Prof Godsmark Ugwu...
CBN Disburses N1tri To Farmers

CBN Disburses N1tri To Farmers

The Central Bank of Nigeria (CBN) has increased its funding and interventions in various sectors to boost economic growth.  Governor of the CBN, Mr...
Photo News

Photo News

L-R: Abdulkadir Ahmed, Managing Director, NLNG Ship Management Ltd; Bala Wunti, GGM, NAPIMS; Philip Mshelbilia, MD/CEO, NLNG; Mele Kyari, GMD, NNPC; Adokiye Tombomieye,...
NGX Loses N519billion

NGX Loses N519billion

The negative sentiment continued on the Nigerian Exchange Ltd., (NGX) on Tuesday with the market capitalisation declining further by N519 billion to close...

NDDC Revokes 20-Year-Old Unexecuted Contracts

The Niger Delta Development Commission (NDDC) has revoked contracts awarded between 2000 and 2019 where the contractors did not move to site.  “Consequently, all affected contractors are advised to note that all m...

Jamoh: Vanguard Award Challenges Me To Work Harder For Nigeria,...

Dr Bashir Jamoh, Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) has described the Public Sector Maritime Icon Award given to him by Vanguard Newspaper as a challenge to selflessly work ha...

Buhari Appoints Adeniran New Statistician-General

President Muhammadu Buhari, has approved the appointment of Mr Semiu Adeniran as the substantive Statistician-General of the Federation and Chief Executive Officer of the National Bureau of Statistics (NBS), with immedia...

APPEALS Project Supports 1,142 Food Marketers With Haulage Facilities 

As part of measures to ease the transportation of farm produce across the three senatorial districts of Kogi State, the State Coordination Office of the Agro-Processing, Productivity Enhancement and Livelihood Impro...

Osinbajo Drums Support For FIRS Digitisation Agenda 

By Moses Ebosele, ebosele@hotmail.com  — The Chartered Institute of Taxation of Nigeria (CITN) has been urged to support the Federal Inland Revenue Service (FIRS) in its drive towards full digitalisation ...

Capital Market/Banking

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CBN Disburses N1tri To Farmers

The Central Bank of Nigeria (CBN) has increased its funding and interventions in various sectors to boost economic growth.  Governor of the CBN, Mr Godwin Emefiele, said this on Tuesday in Abuja while pres...

NGX Loses N519billion

The negative sentiment continued on the Nigerian Exchange Ltd., (NGX) on Tuesday with the market capitalisation declining further by N519 billion to close at N28.006 trillion against N28.525 trillion on Monday.  In ...

Fidelity Bank Partners Edo, GIZ To Host CBN RT200 FX Exports Roundtable 

Fidelity Bank Plc has announced plans to host an exports roundtable and policy sensitisation workshop for businesses in Benin-City, Edo State capital in partnership with the Edo State Investment Promotion Office (ES...

ABP Loan: CBN To Clampdown On Defaulting Farmers

The Central Bank of Nigeria (CBN) has appealed to farmers who defaulted in paying back the loans obtained under the Anchor Borrowers’ Programme (ABP) to pay back.  Mr Sadeeq Ajayi, in CBN Development Finance Offic...

Seplat Post $177m Pre-Tax Profit For 2021

Seplat Energy Plc has recorded a pre-tax profit of $177million for the year ended December 2021, amounting to 321 per cent higher than the $80 million recorded by the company, which is listed on the Nigerian Exchange and...

Maritime

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NIWA Decries Increased Boats’ Mishaps, Threatens Punitive Measures

The National Inland Waterways Authority (NIWA) has decried the increase in boats’ mishaps within the nation’s waterways, leading to loss of innocent lives.  NIWA’s Managing Director, Dr George Moghalu, said th...

NIMASA Harps On Marine Pollution Prevention  

Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh has restated the Agency’s commitment to ensuring effective pollution prevention and control in the Nigerian Maritime domain in...

Six Ships Waiting To Berth, 16 Others To Arrive Lagos Ports...

The Nigerian Ports Authority (NPA) on Monday said six ships that have arrived at Laos ports are waiting to berth with petrol, bulk sugar and soya bean meal.  NPA, in its Daily Shipping Position, said that another 25...

NIWA Targets Two Million Container Movements Through Inland Waterways

The National Inland Waterways Authority (NIWA) on Wednesday projected the movement of no less than two million containers through the Nigerian inland waterways annually by 2025.   The Managing Director of NIWA,...

Ministry Implores Maritime Women Practitioners On Collaboration

Dr Magdalene Ajani, the Permanent Secretary, Federal Ministry of Transportation, on Wednesday urged maritime women practitioners on the need for collaboration to achieve maritime safety, security and build capacity. Ajan...

Toyota To Cut Global Production Plan, Deliver 9.3m Vehicles By March 2023

Toyota Motor Corporation will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage. Reuters report on Tuesday that the company did not change its...

World’s Most Expensive Car

A 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe, one of only two on Earth, has sold for a record $143 million, making it the most expensive car in the world. The car was named after its creator and ...

Hyundai Budgets $5.5b For EV, Battery Facilities In U.S.

South Korea’s Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States  Reuter...

Nissan, Mitsubishi Unveil Light Electric Vehicles

Japan’s Mitsubishi Motors Corp and Nissan Motor Co unveiled their first jointly developed light electric vehicles (EVs), aiming to draw more Japanese drivers to battery-powered cars by offering low-priced micro mod...

Autochek Acquires Morocco’s KIFAL Auto

Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of KIFAL Auto, Morocco’s leading automotive technology startup, to drive...

At NCDMB Summit, FG Seeks Domestic Refining Capacity Synergy

By Moses Ebosele, ebosele@hotmail.com   — The Federal Government has called for synergy among stakeholders in the midstream and downstream sector as part of measures to strengthen local content and boost the cou...

Heirs Oil & Gas Reiterates Global ESG Best Practices Commitment

Heirs Oil & Gas, Africa’s integrated energy company has reaffirmed its commitment to both national and global environmental, sustainability and governance (ESG) best practices in view of its upcoming...

Shell Inaugurates Oloibiri Health Programme Phase-2 

Energy company, Shell, has inaugurated the second and final phase of its comprehensive health care projects for Oloibiri and other communities in Ogbia Local Government area of Bayelsa State.  “Corporate Social Re...

Seplat Energy Appoints Basil Omiyi Non-Executive Chairman

Seplat Energy PLC, a leading Nigerian energy company dual listed on both the Nigerian and the London Stock Exchanges has appointed  Mr. Basil Omiyi, CON, the Company’s new Independent Non-Executive Chairm...

Seplat Post $177m Pre-Tax Profit For 2021

Seplat Energy Plc has recorded a pre-tax profit of $177million for the year ended December 2021, amounting to 321 per cent higher than the $80 million recorded by the company, which is listed on the Nigerian Exchange and...

Photo News

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Photo News

L-R: Abdulkadir Ahmed, Managing Director, NLNG Ship Management Ltd; Bala Wunti, GGM, NAPIMS; Philip Mshelbilia, MD/CEO, NLNG; Mele Kyari, GMD, NNPC; Adokiye Tombomieye, GED Upstream, NNPC; and Olalekan Ogunleye, Deputy M...

Photo News

Photo News: Director-General, Nigerian Maritime Administration and Safety Agency, NIMASA. Dr. Bashir Jamoh (middle); Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko (right) and Executive Directo...

Photo News

L-R: Managing Director, Strategy Equiti Group Ltd Mr Gaurang Desai, Global Head Legal and Compliance, Equiti Group Ltd Mr Mario Camara, Director General Securities and Exchange Commission Mr Lamido Yuguda and  CEO&n...

Photo News

L-R: Director, New Growth Areas, Mr Olujimi Aina, Executive Chairman, LIRS, Mr Ayodele Subair, Managing Director, O. M Associates, Mr Olufemi Oguntade during a meeting on Deduction of Withholding Tax on Commission w...

Photo News

Security/Safety

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FRSC Inaugurates 20 Junior Course 1 Participants

FRSC Inaugurates 20 Junior Course 1 Participants

The Federal Road Safety Corps (FRSC) has inaugurated no fewer than 20 Junior Course 1 participants of the corps’ Command and Staff College,...
Alapomu Of Apomu Commissions FRSC Outpost Command

Alapomu Of Apomu Commissions FRSC Outpost Command

Oba Kayode Adenekan Afolabi, the Alapomu of Apomu has commissioned the new Federal Road Safety Corps (FRSC) Outpost Command in Apomu, Osun State. ...
Navy Seeks Speedy Trial Of Sea Pirates, Arrested Vessels

Navy Seeks Speedy Trial Of Sea Pirates, Arrested...

The Nigerian Navy has called on the nation’s judiciary to ensure a speedy trial of sea pirates and other suspected criminals involved in...

Agriculture

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CBN Disburses N1tri To Farmers

The Central Bank of Nigeria (CBN) has increased its funding and interventions in various sectors to boost economic growth.  Governor of the CBN, Mr Godwin Emefiele, said this on Tuesday in Abuja ...

Palm Oil Firms Depriving Tribes Of Millions Of Dollars 

(BBC)–Buy something in a supermarket and there’s a good chance it will contain palm oil. Follow it back through the supply chain and eventually you’ll find an oil palm tree, likely in Indonesi...

Okomu Oil Appeals To Host Communities For Protection

The management of Okomu Oil Palm Company Plc has appealed to its host communities to protect it from incessant attacks and stealing by thieves.   The company, headquartered in  Okomu in Ovia South Wes...

Education

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NLNG’s Science Prize Judges Receive 107 Entries For 2022 Cycle

The panel of judges for The Nigeria Prize for Science has received the entries from scientists worldwide for the  2022 edition, signalling the commencement of the race to find a winner with the best s...

Igbinedion Varsity Graduates 15,000 Students In 23 Years

The Igbinedion University Okada (IUO), has graduated over 15,000 students in different disciplines since its inception in 1999.   The Chancellor of the university, Chief Gabriel Igbinedion said this on Tue...

Sit At-Home: JAMB Candidates Stranded In Enugu

Candidates writing 2022 Unified Tertiary Matriculation Examination (UTME) in Enugu State were stranded on Monday following the sit-at- home order by the proscribed Indigenous People of Biafra (IPOB).   The...