27.18Lagos

Saturday, 10 June 2023

Shortage Of Midwives May Increase To One Million By 2030, Says WHO

The World Health Organisation (WHO) says that shortage of midwives will trigger an increase of one million by 2030 with serious implications for the attainment of Sustainable Development Goals.   Dr Matshidiso Moeti, World Health Organsation (WHO) Regional Director for…

OPEC Raises Nigeria’s Production Quota To 1.772mbpd For June

The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.735 million barrels per day (mbpd) target approved in May 2022 to a new target of 1.772mbpd for June 2022.   A statement issued…

MOL Appoints First Female Captain

Japanese shipping major, Mitsui O.S.K. Lines (MOL) has appointed Naomi Matsushita as the captain of its car carrier, Beluga Ace, effective June 6. World Maritime News report that the decision marks a significant step forward for gender diversity in the…

Telecom Sector Contributes N2.508Tri To Nigeria’s GDP

The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per cent.  Figures released by the…

NPA Boss Harps On Operational Efficiency, Commissions Control Towers

As part of measures to boost operational efficiency through improved infrastructure and equipment renewal, the Managing Director/Chief Executive Officer, Nigerian Ports Authority (NPA),  Mohammed Bello Koko, along with the Executive Management team on Thursday commissioned Control Towers of the Lagos…

Obaseki Congratulates New NACCIMA President, Dele Oye

The Edo State Governor, Mr. Godwin Obaseki, has congratulated Otunba Dele Kelvin Oye on his inauguration as President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA). The governor, in a statement, urged Oye to deploy…

Photo News

L-R: Vice Chancellor, Afe Babalola University, Ado-Ekiti (ABUAD), Prof Smaranda Olarinde; Special Adviser to the Governor on Investment, Trade and Industry, Mrs Tayo Adeola; Founder ABUAD, Aare Afe Babalola (SAN) and Ekiti State Governor, Mr Biodun Oyebanji; at the 63rd…

Shippers’ Council Cooperative Declares N44.443m Dividend For 2022

For the year 2022, the Nigerian Shippers’ Council Staff Multipurpose Cooperative Society Limited has concluded plans to pay a dividend of N44.447 million to its members. The President of the Council’s Cooperative, Mr. Adeyemi Olaolu said the cooperative paid its…

FIRS, LIRS, Seal MoU On Joint Tax Audit, Investigation

The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have issued a public notice on the Memorandum of Understanding (MoU) signed by both agencies to establish a Joint FIRS and LIRS Audit and Investigation Team aimed…

Benin Port Project Groundbreaking Holds Third Quarter

The Chairman of the Benin Port Project, Engr. Greg Ogbeifun, has said the government is making steady progress with the development of the Benin Port Project, noting that the groundbreaking ceremony for the project will be performed in the third quarter of 2023….

Edo Unveils 10-Year Forest Recovery Plan, Inaugurates Commission

The Edo State Governor, Mr. Godwin Obaseki, on Wednesday, inaugurated the State’s Forestry Commission with a charge to bolster the government’s efforts at the conservation, management, and development of Edo forest assets. Obaseki, at the event, which was held at the…

Shell Adverts Banned Over Misleading Claims

The United Kingdom advertising watchdog, Advertising Standards Authority (ASA) has banned a video advert and billboard campaign from Shell over misleading claims about how clean its overall energy production is. The ban applies to one TV advert, a poster displayed in Bristol and…

NGX RegCo, ISSB, FRC Harp On Sustainability Disclosures Reporting

NGX Regulation Limited, the International Sustainability Standards Board (ISSB), as well as the Financial Reporting Council (FRC) of Nigeria, have all said they remain committed to championing the drive of sustainability and climatic disclosure reporting among companies to ensure investors in the…

Kingsley James Emerges Captain As J9C Elects New Exco

Chief executive officer of Indoor Design and Concept Limited (IDCLng), Kingsley James, has been elected Captain of socio-economic group January 9 Collective (J9C). A statement sent to City Business News by Publicity Secretary, Olumide Iyanda explained that Mr James emerged…