25.34Lagos

Thursday, 16 September 2021

headlines
  • Crude Oil Prices Extend Gains - Oil prices climbed on Thursday morning, extending the previous day’s solid gains after a larger-than-expected drawdown in crude oil stocks in the United States, the world’s largest oil consumer. Brent crude oil rose 18 cents, or 0.2%, to $75.64 a barrel by 0340 GMT, after settling up 2.5% the previous...
  • Ondo, Ekiti Export 2,233 Cocoa Bean Containers In Eight Months - Between January and August 2021, Ondo/Ekiti Area Command of the Nigeria Customs Service (NCS) processed the export of  2,233 containers of cocoa beans.  Comptroller of Ondo/Ekiti Area Command, Uche Ngozi made the disclosure on Wednesday during a working visit of the Zonal Coordinator of NCS, Zone A, ACG Modupe Aremu, in Akure, Ondo State   According to...
  • Lagos, Ogun, Others Pay Tributes To Ex-NCC Chairman, Durojaiye - Lagos State Governor,  Babajide Sanwo-Olu has described late Sen. Olabiyi Durojaiye as an astute politician, a dogged fighter and democrat. Sanwo-Olu stated this at the “Evening of Worship and Tributes”,  in celebration of the life of the late Durojaiye on Wednesday in Lagos. late Durojaiye, a Second Republic senator and former Chairman of Nigeria Communications...
  • NIMASA Donates Tricycles, Grinding Machines, Food, Others To PLWDs In Gombe - The Nigerian Maritime Administration and Safety Agency (NIMASA) has donated food items and economic strengthening equipment to People Living With Disabilities (PLWDs) in Gombe State.  The News Agency of Nigeria (NAN) reports that the food items included assorted bags of grain, rice, palm and groundnut oil as well as tricycles,...
  • Liverpool Beat AC Milan In 5-Goal Thriller - Liverpool captain Jordan Henderson struck a rare UEFA Champions League goal to earn his side a 3-2 victory over AC Milan at a rocking Anfield on Wednesday.  In the rip-roaring Group B match, Henderson rifled home in the 69th minute to settle an absorbing contest.  It was indeed a grand contest,...
Crude Oil Prices Extend Gains

Crude Oil Prices Extend Gains

Oil prices climbed on Thursday morning, extending the previous day’s solid gains after a larger-than-expected drawdown in crude oil stocks in the United...
Ondo, Ekiti Export 2,233 Cocoa Bean Containers In Eight Months

Ondo, Ekiti Export 2,233 Cocoa Bean Containers In...

Between January and August 2021, Ondo/Ekiti Area Command of the Nigeria Customs Service (NCS) processed the export of  2,233 containers of cocoa beans.  Comptroller of Ondo/Ekiti Area Command,...
Lagos, Ogun, Others Pay Tributes To Ex-NCC Chairman, Durojaiye

Lagos, Ogun, Others Pay Tributes To Ex-NCC Chairman,...

Lagos State Governor,  Babajide Sanwo-Olu has described late Sen. Olabiyi Durojaiye as an astute politician, a dogged fighter and democrat. Sanwo-Olu stated this at the...

NIMASA Donates Tricycles, Grinding Machines, Food, Others To PLWDs In...

The Nigerian Maritime Administration and Safety Agency (NIMASA) has donated food items and economic strengthening equipment to People Living With Disabilities (PLWDs) in Gombe State.  The News Agency of Nigeria (NAN...

SIFAX Logistics Rewards 19 Truck Drivers, Technicians

SIFAX Logistics Company Limited, a subsidiary of SIFAX Group whose business offerings include haulage, clearing and forwarding, groupage and shipping, has rewarded 19 truck drivers and technicians for thei...

Minister Decries CBN Non-Support For Solid Minerals

The Minister of State for Mines and Steel Development, Dr Uche Ogah, has decried the absence of support from the Central Bank of Nigeria (CBN) for the development of mines and the solid mineral sector.  The minister mad...

Obaseki Celebrates Igbinedion At 87

The Edo State Governor, Mr. Godwin Obaseki has celebrated the Esama of Benin, Chief Gabriel Osawaru Igbinedion on his 87th birthday, describing him as a generational gift to the state, Nigeria, Africa and the World ...

NSC Boss: Dala Dry Port‘ll Boost Trans-Sahara Trade, AfCFTA

The Dala Inland Dry Port (IDP) will boost trans-Sahara trade developments and indeed the African Continental Free Trade Area (AfCFTA), Executive Secretary, Nigerian Shippers’ Council (NSC),  Emmanuel Jime has said. ...

Capital Market/Banking

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UBA’s Half-Year Profit Grows By 33% To N76.2b

The United Bank for Africa (UBA) Plc has announced its audited half-year financial results for the half-year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators.  The...

FirstBank Gets Global Finance Award

First Bank of Nigeria Ltd has won the Global Finance ‘Private Bank of the Year 2021’ award.  The Deputy Managing Director of the bank, Mr Gbenga Shobo,  in a statement on Monday explained that the bank was ...

Fidelity Bank Grows PBT by 72.4% In Six Months

Fidelity Bank Plc has posted a profit before tax (PBT) of N20.6 billion for the six months ended June 30, 2021. The Managing Director/Chief Executive Officer of Fidelity Bank, Mrs Nneka Onyeali-Ikpe, disclosed this in th...

Oscar Onyema, Nine Others Join WFE Board

The World Federation of Exchanges (WFE) on Thursday elected ten Directors of the Board, including a new Chairman, Vice Chairman and Working Committee Chairman at the 60th General Assembly.  Elect...

CBN Tasks Banks, Others On Bulk Payment

Maritime

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Maersk Acquires Portuguese Logistics Firm

Danish shipping giant A.P. Moller – Maersk has acquired HUUB, a Portuguese cloud-based logistics startup. World Maritime News reports on Wednesday that this is the company’s third acquisition this year with...

UK Seeks Zero Global Shipping Emissions

The UK government has backed an absolute zero target for international shipping emissions by 2050, marking the start of London International Shipping Week. This target, which would need to be agreed through the...

‘Export Africa Commodities As Single Products To Avoid Dual Taxation’

The Chairman/Chief coordinator of African Single Market World Commodities Summit and Expo, Mr Angelo Peter, has urged investors to ensure that African commodities are exported as single product as part of measures to dis...

APM Terminal Provides Over 1,000 PPE To Truck Drivers

The AP Moller Terminal (APMT), Apapa, has provided over 1,000 truck drivers in Lagos with Personal Protective Equipments (PPE), to mark the 2021 Global Safety Day.  The Chief Operating Officer and Head of Terminal, ...

NIMASA Automates Verification Of New Ship Registration Certificates

The Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced the electronic verification of the new Ship Registry Certificates it introduced on July 1.  The Director-General of NIMASA, Dr. Bashir Ja...

Kia Nigeria Partners CIBN 14th Conference On Economic Recovery, Growth...

The chairman, consultative committee, 14th annual banking & finance conference of Chartered Institute of Bankers of Nigeria (CIBN), Mr Herbert Wigwe, has highlighted the significant role Kia Nigeria is play...

Weststar Welcomes New 2021 E-Class Saloon To Nigeria

Weststar Associates Limited, Authorized General Distributor of Mercedes-Benz in Nigeria has announced the arrival of the new E-Class to its showrooms nationwide. A statement issued by the company explained that that the ...

Toyota Votes $13.5b To Develop Electric Vehicle Battery

 Toyota Motor Corp said on Tuesday it expects to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system – a bid to lead in the key automotive technology over the next dec...

Hyundai Motors Partners Access Bank On Buy Now, Pay Later...

Hyundai Motors Nigeria Limited (HMNL) in collaboration with Nigeria’s top financial institution, Access Bank plc has launched a vehicle finance scheme to inspire perceptive customers and fleet buyers to buy precision-e...

Land Rover Introduces Defender V8 For 300 Customers

Land Rover SV Bespoke has introduced the Defender V8 Bond Edition to celebrate Defender’s role in the 25th James Bond film, ‘No Time To Die.’According to the company, the model wi...

Crude Oil Prices Extend Gains

Oil prices climbed on Thursday morning, extending the previous day’s solid gains after a larger-than-expected drawdown in crude oil stocks in the United States, the world’s largest oil consumer. Brent crude o...

ExxonMobil Contributes N67.5b To NDDC

Between 2001 and June 202O, the Multinational oil company, ExxonMobil, based in Mkpanak, Ibeno Local Government Area of Akwa Ibom State, contributed N67.5 billion to the Niger Delta Development Commission (NDDC).   Spe...

Shell Begins One-Year Vocational Training For 40 Imo youths

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has commenced a one-year professional and vocational training for 40 youths from the SPDC Joint Venture host communities of the Assa North and Ohaji South...

Attah Hands Over NLNG Key To Mshelbila

In his farewell remarks, Engr. Attah said, “I thank the staff and our partners who helped achieve our set goals. It was a collective success. I would like to see the five years as foundational. Earlier, the ambition of...

Crude Oil Extends Losses

 Oil prices extended losses on Monday, falling more than 1%, after the world’s top exporter Saudi Arabia slashed crude prices for Asia over the weekend, signalling demand concerns and that globa...

Photo News

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SIFAX Group Photo News

L-R: Sogo Faola, Assistant General Manager, Transfer, Ports & Cargo Handling Services Limited; Kayode Alatise, Assistant General Manager, SIFAX Haulage; Adewale Adetayo, General Manager, SIFAX Haulage; Basil Agboarum...

NIMASA Photo News

Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh (right), handing a souvenir to the Vice-Chancellor of the University of Lagos, Professor Oluwatoyin Ogundipe, during a court...

SEC Nigeria Photo News

L-R: Principal Manager, Market Development Department, Investor Education,  Securities and Exchange Commission, Mr Bako Maichibi,  Principal Manager, Market Development Department, Investor Education,  SEC Mr Ahaneku ...

Photo News

L-R: Permanent Secretary, Lagos State Ministry of Health, Dr Olusegun Ogboye,  Commissioner for Health, Lagos State;  Prof Akin Abayomi and  Member Capital Market support Committee on COVID 19 & M...

Unity Bank Photo News

L – R: Executive chairman, Borno SUBEB, Dr Shettima Bukar Kullima, Zonal Head, North East and Jigawa, Mr Mustapha Mohammed, Governor of Borno State, Prof Babagana Umara Zulum, Zonal Head, Abuja and North Central, Mr Nu...

Security/Safety

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Ministry Cautions Truck Drivers Against Overloading

Ministry Cautions Truck Drivers Against Overloading

The Federal Ministry of Works and Housing has appealed to drivers of heavy-duty vehicles to guard against the overloading of their trucks to...
NPA Partners UK Border Force On Port Security

NPA Partners UK Border Force On Port Security

The Nigerian Ports Authority (NPA) is set to partner with the United Kingdom Border Force on port security.  The partnership is also designed...
Theatre Commander Seeks More Collaboration With FRSC, Others

Theatre Commander Seeks More Collaboration With FRSC, Others

The Theatre Commander, “Operation Hadin Kai”, Maj.-Gen. Christopher Musa, has called for more collaboration with Federal Road Safety Corps (FRSC) and other stakeholders...

Agriculture

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Ondo, Ekiti Export 2,233 Cocoa Bean Containers In Eight Months

Between January and August 2021, Ondo/Ekiti Area Command of the Nigeria Customs Service (NCS) processed the export of  2,233 containers of cocoa beans.  Comptroller of Ondo/Ekiti Area Command, Uche Ngozi...

Kebbi Boosts Cassava Production With 25 Tractors

As part of efforts to boost cassava production, Kebbi State government has supplied 25 tractors to cassava farmers in the state. Permanent Secretary, Ministry of Agriculture, Mr Joel Aiki,  made this ...

FG Reiterates Support For Oil Palm Farmers

The Federal Government, through the Ministry of Agriculture and Rural Development (FMARD), on Wednesday rounded up a two-day capacity building for members of the Oil Palm Growers Association of Nigeria (OPGAN),...

Education

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FG Increases To N8.5b TETFund Grants To Varsities, Others

The Federal Government has increased Tertiary Education Trust Fund (TETFund) research grants to universities and other tertiary institutions to N8.5 billion, up from the N7.5 billion in 2020.  The Minister...

Igali, FUTA Pro-Chancellor Hails 14 Dons Over National Research Grants

The Pro-Chancellor and Chairman, Governing Council, Federal University of Technology Akure, FUTA, Ambassador  Godknows Igali have described the institution as a citadel of learning with a crop of excellent sci...

Chris Oyakhilome Foundation International To Build School In Ewu

In its effort to contribute to nation-building and economic development, the Chris Oyakhilome Foundation International (COFI) through the InnerCity Mission network of schools is breaking barriers to education b...