(BBC)-UK car manufacturing slipped in October for the first time in 14 months amid slower domestic demand, according to the industry’s trade body. The Society of Motor Manufacturers and Traders said production dipped 1% last month against October last year,…
CBN implores FG on domestic debt
As part of measures to protect the integrity of the financial system, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has called on the Federal Government to evaluate its domestic indebtedness and put modalities in place…
Stakeholders seek legal backing for 2006 Ports concessioning
Apparently worried by the legal challenges trailing its operations, Seaport Terminal Operators in Nigeria on Tuesday appealed to the National Assembly to pass into law the Ports and Harbour Bill as part of measures to give legal backing to ports…
Minister advocate structured system of movie distribution
The Minister of Information and Culture, Alhaji Lai Mohammed, has tasked stakeholders in the nation’s movie industry to fashion out astructured system of distribution that will guarantee return on investment and protect Nigerians from exposure to unwholesomeproducts. The Minister made the call in…
FBN Holdings backs NSE Essay competition
FBN Holdings Plc has thrown its weight behind the ongoing 2016 Nigerian Stock Exchange (NSE) Essay Competition for students in senior secondary schools in all states of the federation. The competition is part of NSE’s efforts at addressing one…
International breweries, Portland Paints, others gets safety awards
International Breweries and Portland Paints and Products Nigeria Limited on Tuesday emerged as star awardees in the 2016 Nigeria Social Insurance Trust Fund- Nigeria Employers’ Consultative Association Safe Workplace Intervention Programme awards. At a ceremony held in Lagos, the two companies won…
Strategic role of Board, Management synergy, by NIMASA DG
To achieve the Nigerian Maritime Administration and Safety Agency (NIMASA) vision of becoming the leading maritime administration in Africa, it is important that there is no disconnect between policy formulation and policy implementation, Director General, Dr. Dakuku Peterside has said…
NSE Photo News
L – R ( A ) shows Serge LeVert-Chiasson, Senior Partner, Sarona Asset Management; Danladi Verheijen, Managing Director, Verod Capital Management; Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Wale Adeosun, Chief Investment Officer, Kuramo Capital…
NPA to partner maritime professionals
The Managing Director, Nigerian Ports Authority (NPA) Ms Hadiza Bala Usman has pledged to work with professionals in the maritime sector and make the ports attractive to business. According to Usman, NPA was more determined to close the gaps between the…
FG expends N1.1tri on debt servicing in nine months
The Federal Government has spend not less than N1.1 trillion on debt servicing in the last nine months, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said. According to the minister, this also includes N44 billion…
Maersk comes under attack in Cotonou
The 4,496 TEU containership Maersk Cotonou was attacked by supposed criminals attempting to board the vessel off the Nigerian coast on November 19, Danish shipping giant Maersk Line confirmed to World Maritime News. Maersk said that the 2011-built vessel was attacked…
BPE to partner PTAD on pension issues
Acting Director General of the Bureau of Public Enterprises (BPE), Dr. Vincent Onome Akpotaire has pledged the Bureau’s willingness to work with the Pension Transitional Arrangement Directorate (PTAD) to achieve its mandate especially on pension issues arising from privatized enterprises…
Hyundai exports 23m vehicles in 40 years
Hyundai Motor is celebrating 40 years of exports to international markets, following a period of significant overseas growth that has seen it “become one of the fastest growing brands in the world”. From South Korea’s first mass-produced model to…
Nigeria’s GDP drops by 2.24% in 3rd quarter
For the third quarter 2016, Nigeria’s Gross Domestic Product (GDP) dropped by 2.24 per cent. Data released on Monday by the National Bureau of Statistics (NBS) revealed that Nigeria’s economy shrunk by 2.06 per cent due to revenue shortage, foreign…