The port of Antwerp is to invest into the expansion of West African port of San Pedro, Côte d’Ivoire, as it agreed with the port to collaborate on the expansion plans over the next few years. Work on construction of…
Airtel, Nestle CEOs list modalities for improved GDP
The critical role of private sector in the development of Nigeria’s economy took the centre stage on Wednesday at the second edition of Nigerian Stock Exchange (NSE) Chief Executive Officers (CEOs) roundtable discussions in Lagos. Some Chief Executive Officers…
Nigeria’s GDP Contracts 2.06% as NBS confirms recession
The National Bureau of Statistics (NBS) confirmed on Wednesday that Nigeria has entered the recession bracket. The situation is further compounded as the country continues to records job losses occasioned by sustained drop in the price of crude oil…
CBN lifts forex ban on eight banks
The Central Bank of Nigeria (CBN) has re-instated eight banks banned from operating in the country’s foreign exchange market. The re-instated Banks are First Bank of Nigeria (FBN), First City Monument Bank Plc, Diamond Bank Plc, Sterling Bank Plc,…
Beware of online fraudsters, SEC cautions investors
The Securities and Exchange Commission (SEC) has cautioned investors against patronizing illegal operators currently running an online investment scheme tagged ‘MMM Federal Republic of Nigeria’. According to SEC, the fraudsters carry out their illegitimate business via Nigeria.mmm.netportal/platform, and are promising…
Workers differ on Aero Contarctor’s suspension of operation
(NAN) Leaders of aviation workers’ union have expressed different views on Aero Contractors’ plan to suspend flight oeprations from September 1, 2016. Isaac Balami, president, National Association of Aircraft Pilots and Engineers, applauded the decision. Mr. Balami, while speaking with…
Drewry: Pressure Mounts on Carriers to Cut Costs
As the container industry revenues are contracting faster than carriers can cut costs, the shipping consultancy Drewry said that prolonged losses in the container shipping industry are likely to lead to more container merger and acquisition activity or more industry consolidation among…
Quadri, Toriola, others to get improved ITTF ranking
Indications emerged on Wednesday that Africa’s best table tennis player at Rio 2016 Olympic Games, Aruna Quadri will lead his compatriots – Segun Toriola, Edem Offiong and Olufunke Oshonaike for an improved rating when the September ITTF ranking is released…
FG seeks cultural tiers with Sudan
The Minister of Information and Culture, Alhaji Lai Mohammed, has called for the strengthening of bilateral ties between Nigeria and Sudan in the areas of cultural/creative industry and digital economy in order to boost the efforts of the two countries…
CBN approves 11 international money transfer operators
The Central bank of Nigeria (CBN) has licensed 11 new international money transfer operators (IMTOs) to do business in the country’s foreign exchange market. A statement issued by CBN spokesperson Isaac Okorafor, explained that the licensing was in furtherance of…
I’m in Nigeria to learn, listen, says Zuckerburg
The founder and Chief Executive Officer of Facebook, Mark Zuckerburg said he is in Nigeria to listen, learn and take ideas back to California on how Facebook can better support tech development and entrepreneurship across Africa. Zuckerburg who arrived…
Nigeria, Britain seal MoU on stolen funds
A Memorandum of Understanding (MoU) on modalities for the repatriation of Nigeria’s stolen assets has been signed by Nigeria and British Government The Attorney-General of the Federation, Abubakar Malami, who signed onbehalf of Nigeria explained that the MoU is…
Delta Speaker holds town hall meeting in Sapele today
The Speaker, Delta State House of Assembly, Rt. Hon Monday Igbuya will today (Wednesday), August 31 and Thursday, September 1, 2016 meet with the people of Sapele. Igbuya will start his strings of meeting on Wednesday in Ugboren, Okuovu and Edegbrode. He will…
Peterside restates agenda to lift NIMASA’s performance
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has highlighted his Management’s determination to make the Agency a world class, high performance organisation. Dr. Peterside who said this during the Management Performance Review…