The maritime sector has critical role to play in the ongoing efforts to reposition Nigeria’s economy, the Board Chairman of Nigerian Ports Authority (NPA), Mr Emmanuel Adesoye has said. The obvervations were made by Adesoye and members of the…
FirstBank Lagos Amateur Golf open championship tees-off
First Bank of Nigeria Limited has announced that it is set to host this year’s edition of the Lagos Amateur Golf Championship. The prestigious tournament, scheduled to tee-off on the lush greens of Ikoyi Club 1938, Lagos on Saturday,…
Zuma survives no-confidence vote
A motion of no confidence in South Africa’s President Jacob Zuma has been defeated in parliament despite a spate of recent corruption scandals. An anti-corruption probe last week raised allegations of misconduct against Mr Zuma. Mr Zuma’s African National Congress…
NPA Photo News
R-L: Port Manager Rivers Port, Umar Abubakar; Chairman NPA Board Chairman, Mr. Emmanuel Adesoye and other members (Umar Shuaibu, Charles Efe Sylvester and Barr. Constance Harry Marshal) , during the tour of Rivers Port.
Intels explains $909.2m commitments as diversion of cargo threatens GMT target
The illegal diversion of cargo to non designated facilities is a direct threat to the Guaranteed Minimum Tonnage (GMT) target as provided in the Seaport concession agreement, the management of Integrated Logistcis Services (Intels) has said. Briefing the Board…
Europe: Arik gets certification
The European Aviation Safety Agency (EASA) has granted Arik Air Third Country Operator (TCO) authorisation, which allows it to operate to any European country. The airline made the announcement in a statement by its Communications Manager, Ola Adebanji, which was…
Firms weigh impact of Donald Trump win
(WSJ) Executives world-wide encountered a political and economic landscape radically changed by Donald Trump’s surprise election, which reverberated through the energy, health-care and manufacturing sectors. U.S. businesses braced for revamped trade pacts and a potential crackdown on overseas operations, coupled…
Omar, former Somali refugee elected legislator in US
(BBC)Ilhan Omar, 34, has made history by becoming the first Somali legislator in the United States. A former refugee, the Somali-born activist has been elected to serve as an MP in the US state of Minnesota. The Muslim Somali-American woman…
Senate faults rail track concession deal with General Electric
Citing lack of due process, the Nigerian Senate on Tuesday commenced investigation into the concession of Eastern and Western rail lines to General Electric (GE). According to the Senate, the contract entered into with the United States Company did not…
Dangote to generate another 250,000 jobs
Dangote Group is to generate another 250,000 employment opportunities for Nigerians through new investments in agriculture, sugar, oil refinery and fertilisers. Quoting the Group, the News Agency of Nigeria (NAN) report that the projects sited in some states, including…
PDP raises committee on merger
The Peoples Democratic Party (PDP) caretaker committee under the leadership of Senator Ahmed Makarfi on Tuesday inaugurated a 115-member strategy review and inter-party affairs committee charged with the possibility to work-out possible merger with other political parties.Inaugurating the committee led…
NSE Photo News
L – R shows Efiok E. Efiok, Head, Investment Management Department, Securities and Exchange Commission (SEC); Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Hajara Adeola, Managing Director, Lotus Capital Limited; Gareth Allison, Executive Director &…
Rail track concession: Deliberate undervaluation, lack of due process
By Segun Esan and Romanus Emezie – On August 12, 2016, the Vice President of Federal Republic of Nigeria announced that the Bureau of Public Enterprises (BPE), in collaboration with Infrastructure Concession Regulatory Commission (ICRC), established the Project Steering Committee…
NPA Photo News
Executive Director of NPA (Marine and Operations) Dr Sokonte Davies (Left) and Hon Obinna Chidoka, Chairman House of Representative Committee on Environment during the Committee oversight function to NPA.