(NAN) A large scale rice farmer in Asaba, Raymos Guanah, on Sunday observed that demand for locally-produced rice was on the increase. Mr. Guanah, the Chief Executive Officer of Raymond Guanah Farms, Illah, near Asaba, told the News Agency…
Nmanani, 23 others to review electoral laws
A 24-member committee has been raised by the Federal Government to review the nation’s election process and suggest ways of improvement. Under the leadership of former Senate President Ken Nnamani, the committee is to produce a new electoral framework, working…
South Korea votes $13B for Port Expansions
South Korea has revealed its plans to invest some KRW 14.7 trillion (USD 13.3 billion) into the expansion of the country’s ports, according to data released by South Korea’s Ministry of Oceans and Fisheries (MOF). The investment, scheduled to be undertaken in…
‘How to boost growth, decent work in BRICS countries’
The International Labour Organisation (ILO) Director-General, Guy Ryder, has welcomed the Joint Declaration issued by the BRICS’s Labour and Employment Ministers at the end of their second summit in New Delhi. Addressing participants at the second day of the…
Quadri exits ITTF World Cup
The dream of another superlative performance on German soil for Africa’s flagbearer, Aruna Quadri was shattered on Saturday at the 2016 ITTF World Cup holding in Saarbrucken, Germany as the Nigerian failed to progress to the second round of the championship….
NIMASA appoints Snecou debt recovery agent
As part of measures to shore up its revenue base, the Nigerian Maritime Administration and Safety Agency (NIMASA) has appointed Snecou Financial Services Company Limited to assist in revenue generation. The contract which also has the company serving as…
Emefiele lauds security agencies on prompt rescue of wife from kidnappers
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has commended security agencies for the prompt rescue of his wife from kidnappers. Emefiele also vowed that he would not succumb to any intimidation in the course of performing…
NSE Photo News
L – R— Mr. Opeyemi Agbaje, Chief Executive Officer, RTC Advisory Services Limited; Ms. Tinuade Awe, General Counsel and Head, Listing and Regulation Division (LARD), The Nigerian Stock Exchange (NSE); Dr. Okechukwu Enelemah, Honourable Minister of Industry, Trade & Investment;…
Volkswagen to pay $1.21B claims to 652 customers
(Reuters) Volkswagen AG confirmed late Friday it will make $1.21 billion in payments to 652 U.S. brand dealers as part of a $16.5 billion diesel emissions settlement. VW dealers will receive an average of $1.85 million each on average over…
Nigeria at 56: TUC seeks viable Oil & Gas sector
The Trade Union Congress of Nigeria (TUC) has challenged the Federal Government to commence of making Nigeria’s Oil & Gas sector more viable. In a message to mark Nigeria’s 56 Independence day celebration, TUC President, Comrade Bobboi Bala Kaigama…
‘NAFEST has become a tool for economic growth’
The Minister of Information and Culture, Alhaji Lai Mohammed, has said the annual National Festival of Arts and Culture (NAFEST) has evolved from being just an instrument of national unity to becoming a platformto help boost the level of economic…
LCCI Photo News
Chairman of UBA, Mr Tony Elumelu and Chairman and President, Lagos Chamber of Commerce and Industry [LCCI], Dr Mrs Nike Akande, at at a Business Forum organised by US-Africa Business Center and Thomson Reuters in New York, United States, recently.
FG implores private sector on economic recovery
The private sector hold the key to the quick recovery of Nigeria’s economy from recession, President Muhammadu Buhari has said. Speaking on Thursday at the 44th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN) in Abuja, Buhari…
South Africa probes Maersk, CMA CGM, others over alleged price fixing
The premises of six cargo shipping companies operating in the Western Cape and Kwazulu-Natal provinces were raided on September 28, according to the Competition Commission of South Africa. The Commission said it has reasonable grounds to suspect that Hamburg Süd South Africa,…