Energy theft and challenges associated with gas supply on Wednesday dominated discussions at the 2016 edition of PwC Power & Utilities Roundtable in Lagos. Participants at the event attended by various stakeholders called on relevant government agencies to put in…
NJIC to maintain current wages
The National Joint Industrial Council (NJIC) has agreed to discontinue further negotiations for the increment of wages of dock workers given the prevailing economic conditions facing the maritime industry in general and Nigeria in particular. This decision was reached at…
Minister explains role of creative industry in economic growth, recovery
The Federal Government has included the Creative Industry in its Economic Recovery and Growth Plan in order to underscore the political will to harness the immense potential of the sector for economic empowerment. The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed…
NECA faults ‘cool-off’ provisions in FRC’s Code of Corporate Governance
The Nigeria Employers’ Consultative Association (NECA) on Tuesday criticised provisions in the recently suspended Code of Corporate Governance of the Financial Reporting Council (FRCN). According to NECA, there is no justification for the mandatory ‘cool-off’ period set for Managing Directors…
Labour seeks industrial harmony, outstanding salaries for Ministry of Defence staff
Industrial harmony in the workplace will be enhanced if the management and workers put the interest of the organisation first. Making the declaration in a lecture he delivered at the 2016 Annual Seminar of the Ministry of Defence unit of…
ASEA re-elects Onyema, NSE CEO as President
The African Securities Exchanges Association (ASEA) held its 20th Annual General Meeting (AGM) on Sunday 27, November where the election of officers took place. At the meeting, Mr. Oscar N. Onyema, OON Chief Executive Officer (CEO) of the Nigerian Stock…
Lagos proposes N813b budget for 2017
The Lagos State Government has presented N813 billion budget proposal for the year 2017, an increase of N150 billion, when compared to the previous budget. Presenting the budget to the State House of Assembly on Tuesday, Governor Akinwunmi Ambode assured…
Ford Ranger wins pick-up of the year title in Nigeria
The Ford Ranger has been selected as the 2016 Pick-up of the Year by the Nigeria Auto Journalists Association (NAJA), reinforcing its status as a segment-defining model in the highly competitive light commercial vehicle sector. The award, which was accepted…
House Committee pledges support for NIMASA
The House of Representatives Committee on Maritime Safety, Education and Administration has resolved to support the rebuilding efforts of the Nigerian Maritime Administration and Safety Agency (NIMASA) in its quest to reposition, reform and restructure for the benefit of the…
MAN seeks reduction in interest rate
Manufacturers Association of Nigeria (MAN) on Monday appealed to the Central Bank of Nigeria to reduce interest rates as part of measures to lift various sectors. According to MAN, retaining the Monetary Policy Rate (MPR) at 14 per cent by…
World Federation of Exchanges explain Commission’s crisis management proposal
The World Federation of Exchanges (WFE) on Monday notes the European Commission’s proposal for regulation regarding the recovery and resolution of CCPs, and welcomes the importance placed on consistency with international standards. According to WFE, the proposed legislation, which will…
NCC directs mobile operators to increase data tariffs
NCC directs mobile operators to increase data tariffs (The Cable)– The Nigeria Communication Commission (NCC) has directed mobile operators to initiate a new data tariff regime from December 1, 2016 in what is effectively a price increase. In a…
Dangote foundation donates N100m food items to IDPs, returnees in Yobe State
Moved by the plight of the Internally Displayed Persons (IDPs) and returnees in Yobe State, many of whom have been hit by starvation, the Dangote Foundation has flagged off the distribution of food and other relief items worth over N100…
Peterside congratulates Akeredolu, Ondo Governor-Elect
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has congratulated Chief Rotimi Akeredolu, (SAN) of the All Progressives Congress (APC) for winning the Ondo State governorship election. Peterside who was the governorship candidate…