By Moses Ebosele – Facilitators of the 9th Nigeria International Maritime Port and Terminal Conference and Exhibition (NIMPORT 2016) have concluded plans to host the event between 23-25 August 2016 at Shehu Musa Yar’Adua Centre, Abuja. According to…
FBN declares 10.5 % drop in profit
By Moses Ebosele – For the six months ended June 30, 2016, FBN Holdings Plc attained Profit After Tax of N35.9 Billion, down by 10.5 per cent when compared with N40.1 Billion recorded within same period in 2015. According to…
Stakeholders seek support for NIMASA DG
By Moses Ebosele – Experts and stakeholders in the maritime sector have commended the leadership initiatives of Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside. Speaking at a ceremony hosted by NIMASA to mark the…
INEC okays Makarfi as PDP’s Acting National Chairman
(NAN) The Independent National Electoral Commission (INEC), has recognised former Governor of Kaduna State Ahmed Makarfi as the Acting National Chairman of the Peoples Democratic Party (PDP). In a statement issued by INEC’s Deputy Director, Voter Education and Publicity, Nick Dazang…
Global market capitalisation drops to $67.2 trillion in six months
By Moses Ebosele – A report put together by the World Federation of Exchanges (WFE) has revealed that between January and June this year, global market capitalisation declined by 9.4 per cent to reach $67.2 trillion, compared with $74.2…
NNPC intensifies oil search in North-East
By Moses Ebosele – The Nigerian National Petroleum Corporation (NNPC) has intensified search for oil in the Chad Basin and other parts of the North-East. Receiving the Governor of Bauchi State, Mohammed Abubakar, who paid him a courtesy…
UBA GMD canvasses closer collaboration among African Central Banks
By Moses Ebosele – To successfully drive intra-Africa trade, the outgoing Group Managing Director of United Bank for Africa (UBA) Plc, Mr Philips Oduoza has called for increased collaboration among African Central Banks. Oduoza who delivered the fourth…
FG explains $42.5 per barrel benchmark for 2017
The Federal Government has proposed $42.5 per barrel benchmark for the year 2017. Presenting the 2017-2019 Meduim Term Expenditure Framework (MTEF) to civil society group in Abuja on Monday, Minister of Budget and National Planning, Udoma Udoma, explained that next…
Drama as Edo Speaker steps down for deputy
Speaker of Edo State House of Assembly, Mrs. Elizabeth Ativie, yesterday stepped down from her position to allow her Deputy, Dr. Justin Okonoboh assume house leadership. 18 out of the 24 members of the House supported the removal of Ativie…
Flour Mills posts N4.3b loss
For its fourth quarter (Q4), Flour Mills Nigeria Plc has posted profit before tax of N4.3billion. In a report to the Nigeria Stock Exchange (NSE), the company said: “the pre-tax loss was mainly driven by a combination of factors including a…
Lagos targets N30b monthly revenue
(NAN) The Lagos State Government on Sunday said it will reduce dependence on federal allocation by increasing its Internally Generated Revenue (IGR) to a monthly target of N30 billion in 2017. It also said that it would increase the IGR…
Trailing Abdullahi’s foot note at NPA
By Moses Ebosele – Blocking revenue leakages and clamour for efficiency through deployment of information technology were some of the notable achievements of the immediate past Managing Director of Nigerian Ports Authority (NPA), Habib Abdullahi. Specifically, Abdullahi while in…
Ministry to partner British Council, Elumelu Foundation on capacity building for culture, tourism managers
By Moses Ebosele – The Minister of Information and Culture, Alhaji Lai Mohammed has reiterated resolve to partner the British Council and Tony Elumelu Foundation as part of measures to enhance capacity building initiative of culture and tourism managers. According…
Amaechi unveils ports surveillance technology
By Moses Ebosele – The Minister of Transportation, Rotimi Amaechi has unveiled a maritime security technology which tracks and records movement of vessels within the nation’s territorial waters. The security infrastructure monitors vessels within the nation’s ports in…