Similar to his record as the first African to make the top 30 in the world, Rio Olympic Games quarterfinalist, Nigeria’s Aruna Quadri has inscribed his name in the annals of history in the continent after leaping to 25th in…
NSE unveils 2016 essay competition
The Nigerian Stock Exchange (NSE) has announced the commencement of its 2016 edition of essay competition for students in Senior Secondary Schools in all states of the federation. The topic for this year’s edition is “What is the biggest obstacle…
Customs FOU impounds N250 M contrabands in two months
The Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone ‘A’ Ikeja Lagos within the period of July-August 2016 intensified its anti-smuggling operations by intercepting various contrabands with a duty paid value (DPV) of 186,911,500.00 Similarly, the Unit through its…
NLNG decries proposed agenda to repeal enabling Act
The Nigeria Liquefied Natural Gas Limited (NLNG) has decried efforts by the legislature to repeal its enabling Act. Managing Director of NLNG, Mr Tony Attah, who led management team of the company on a courtesy visit to the Minister of…
Ghana scraps Terminal Handling Charges at Seaports
The Ghanian Ministry of Transport has directed that Terminal Handling Charges (THC) should not be charged by any body as local charge at any of the country’s ports. This followed an investigation into the introduction of the Charges by shipping…
First Bank appoints Alebiosu as Chief Risk Officer
First Bank of Nigeria Limited has announced the appointment of Mr. Olusegun Alebiosu as its new Chief Risk Officer (CRO). Prior to this appointment, Olusegun was the Chief Risk Officer of Coronation Merchant Bank. Mr. Alebiosu’s appointment, which is…
Wema Bank reopens Minna Branch
Wema Bank Plc has continued its expansion plan with the reopening of its branch in Minna, Niger State. Located at 35 Bosso Road, Minna, this comes barely a year after the bank obtained a national banking licence from the…
NNPC denies plan to increase fuel price
The Nigerian National Petroleum Corporation (NNPC) has denied reported plan by the Federal Government to increase fuel price as untrue. . The NNPC Group Managing Director (GMD), Maikanti Baru, told the State House correspondents after meeting with President Muhammadu…
LCCI holds 2016 members day exhibition
The Lagos Chamber of Commerce and Industry (LCCI) has concluded plans to hold its 2016 Members’ Day exhibition and networking event with the theme “Increasing the Visibility of Members”. The event is an opportunity for all members of the…
ILO seeks support for commitment of G20 to tackle inequality
The Director General of International Labour Organisation (ILO), Guy Ryder has urged leaders to accelerate inclusive development to respond to growing employment and equality challenges. He also welcomed the commitment taken by G20 leaders to tackle rising inequality and…
WFE reiterates partnership with IOSCO, G20 nations
The World Federation of Exchanges (WFE) has called for common approach to issues among International Organisation of Securities Commission (IOSCO) and G20 nations. Reacting to the European Securities and Markets Authority’s (ESMA) Discussion Paper on Distributed Ledger Technology (DLT),…
‘INNOSON operation is on, plant not shut’
Innoson Vehicle Manufacturing Company Limited (IVM), is still producing vehicles with full complement of its workers, and has not shut the plant in Nnewi as reported recently in some sections of the media. This was contained in a statement issued…
First Nation resumes September 15
Barely one week after suspending its operations, FirstNation Airways is to resume onSeptember 15, 2016. In a statement, FirstNation’s Head of Corporate Affairs, Rasheed Yusuf explained that the airline suspended operations to carry out routine maintenance on its fleet…
Tincan Island Port generates N26.2 Billion in August
For the Month of August 2016, the Nigeria Customs Service (NCS), Tincan Island Command generated N26.2 Billion revenue. According to the command, the figure represents a positive signal “going by the indices of the previous month”. It will…