The Lagos Chamber of Commerce and Industry (LCCI) has concluded plans to hold its 2016 Members’ Day exhibition and networking event with the theme “Increasing the Visibility of Members”. The event is an opportunity for all members of the…
ILO seeks support for commitment of G20 to tackle inequality
The Director General of International Labour Organisation (ILO), Guy Ryder has urged leaders to accelerate inclusive development to respond to growing employment and equality challenges. He also welcomed the commitment taken by G20 leaders to tackle rising inequality and…
WFE reiterates partnership with IOSCO, G20 nations
The World Federation of Exchanges (WFE) has called for common approach to issues among International Organisation of Securities Commission (IOSCO) and G20 nations. Reacting to the European Securities and Markets Authority’s (ESMA) Discussion Paper on Distributed Ledger Technology (DLT),…
‘INNOSON operation is on, plant not shut’
Innoson Vehicle Manufacturing Company Limited (IVM), is still producing vehicles with full complement of its workers, and has not shut the plant in Nnewi as reported recently in some sections of the media. This was contained in a statement issued…
First Nation resumes September 15
Barely one week after suspending its operations, FirstNation Airways is to resume onSeptember 15, 2016. In a statement, FirstNation’s Head of Corporate Affairs, Rasheed Yusuf explained that the airline suspended operations to carry out routine maintenance on its fleet…
Tincan Island Port generates N26.2 Billion in August
For the Month of August 2016, the Nigeria Customs Service (NCS), Tincan Island Command generated N26.2 Billion revenue. According to the command, the figure represents a positive signal “going by the indices of the previous month”. It will…
FG faults US Congressman’s report on Nigeria
The Federal Government has described as ‘sadly out of tune with reality’ the published letter from US Congressman Tom Marino to Secretary of State John Kerry, asking the US to withhold security assistance to Nigeria on the strength of ‘some…
Dangers of crude oil production decline, by NNPC Boss
The decline of Nigeria’s crude oil production level have grave consequences for the nation and environment, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr M Baru has said. Speaking at a meeting with stakeholders in the oil and gas sector,…
Obasanjo denies report on Buhari’s second term
Former President, Olusegun Obasanjo has denied media report that he asked President Muhammadu Buhari not to seek re-election in 2019. A former Chief Press Secretary to Mr. Obasanjo, Alex Nwokedi, was quoted to have made the comment on behalf of…
Catholic Church declares Mother Teresa a Saith
Nineteen years after her death, Mother Teresa of Calcutta, known as the “saint of the gutters” during her life wason Sunday declared a saint of the Roman Catholic Church by Pope Francis. According to Agency reports, Tens of thousands of…
Meet New Executive Directors of NIMASA
Following the appointment of a Governing Board for the Nigerian Maritime Administration and Safety Agency (NIMASA) by President Muhammadu Buhari, the Executive Directors have assumed their respective duties. In their letters of appointment signed by the Secretary to the…
‘Foreigners can now invest in T-Bills, others’
The Central Bank of Nigeria (CBN) has unveiled new guidelines which empowers foreigners to invest in short-term debts and securities. Under the arrangement, foreigners can now invest in Treasury Bills (T-Bills), Federal Government Bonds, certificates of deposit, commercial paper,…
Adequate maritime security requires planning, says Peterside
The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Dr. Dakuku Peterside has stated that ensuring a good security in the maritime industry requires careful planning and stringent implementation. The DG stated this during the closing ceremony…
Auto policy proposed review ignites fresh controversy
The resolve by the Federal Government to review ‘some aspect’ of the automotive policy is generating anxiety among investors and stakeholders in the sector. The technical committee on the review under the chairmanship of Director General of National…