The Board of Nigerian Ports Authority (NPA) has pledged to facilitate successful dredging of Calabar Seaport as part of measures to generate more jobs and ginger economic activities. Inspecting facilities at the Seaport on Monday, members of the Board led…
Ryder re-elected as ILO Director-General for a second term
The Governing Body of the International Labour Organization (ILO) has re-elected Guy Ryder as Director-General for a second five year-term to start in October 2017. Guy Ryder received 54 of the 56 votes cast by the titular members of the…
NECA lauds suspension of FRCN’S Code of Corporate Governance
The Nigeria Employers’ Consultative Association (NECA) has commended the Federal Government on its decision to suspend the Financial Reporting Council (FRCN)’s recently released Code of Corporate Governance. In a statement, NECA considered the action appropriate in view of the…
Fidelity Bank Goes Live on NIBSS mCash Product
Inline with its renewed efforts to further drive the financial inclusion mandates of the Central Bank of Nigeria (CBN), Fidelity Bank Plc is now live on the Nigerian Inter-Bank Settlement System (NIBSS) mCash product which will allow it’s registered merchants…
DANGOTE, Osundare, Amao bag University of Ibadan Honourary Degree
Foremost entrepreneur and business guru, Aliko Dangote has been named among three eminent Nigerians to be conferred with honorary degrees by the premier institution, the University of Ibadan. Others to be honoured according the University management are Prof. Niyi Osundare…
FG inaugurates N510bn water, sanitation scheme
The Vice President, Prof Yemi Osinbajo on Monday in Abuja inaugurated N510 Billion partnership for Expanded Water Suppy, Sanitation and Hygiene (PEWASH) Programme. Under the arrangement, N290.5 Billion is to be set aside for water while for the period 2016…
NPA pledges sustained partnership with NLNG
As part of measures to enhance economic growth, the Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has assured the management of Nigerian Liquified Natural Gas (NLNG) of a sustained partnership. Playing host to a delegation from…
Business leaders seek fresh path to prosperity in SouthWest, lauds Awolowo
All is now set for business leaders from the South West to hold Economic Summit in Ibadan, Oyo State between November 18 and 25, 2016. The gathering is expected to identify challenges confronting the region and how to overcome…
Rail conveys 2,330 cattle to Lagos in two months
Between September and October 2016, the Nigerian Railway Corporation (NRC) transported 2,330 cattle from the North to Lagos. Lagos District Manager, Jerry Oche made this known in an interview with the News Agency of Nigeria (NAN) in Lagos. He…
Heritage Centre replaces Presidential Lodge in Lagos
The Lagos State Government has commended President Muhammadu Buhari for approving the hand over of the Marina Presidential Lodge to the State. According to the State Government, the gesture followed Governor Ambode’s request to have the lodge released to…
Shareholders should take advantage of recession, says Oderinde
The Proactive Shareholders Association of Nigeria (PROSAN) has advised members to take advantage of the present economic recession in Nigeria. Addressing members during a meeting in Ibadan, Oyo State, the National Coordinator of PROSAN, Taiwo Oderinde explained that there…
Poetsch, VW Chairman under investigations
Car giant Volkswagen says German prosecutors have expanded their probe of the emissions scandal to include the firm’s chairman of the board. Hans Dieter Poetsch was chief financial officer when the scandal over cars rigged to cheat on US diesel…
Clinton maintains lead over Trumph
The closing days of this long campaign has seen Trump closing the gap on the Democratic nominee. Two new polls, two days out from the US presidential election, show Hillary Clinton opening up her lead against Donald Trump, but the…
Stowaway incidents rise in South Africa
Gothenburg-based marine insurer The Swedish Club has issued an urgent stowaway advice for shipowners to prevent stowaways from boarding vessels in South African ports, following a rise in such incidents in the last two months. Shipowners should be concerned…