Nineteen years after her death, Mother Teresa of Calcutta, known as the “saint of the gutters” during her life wason Sunday declared a saint of the Roman Catholic Church by Pope Francis. According to Agency reports, Tens of thousands of…
Meet New Executive Directors of NIMASA
Following the appointment of a Governing Board for the Nigerian Maritime Administration and Safety Agency (NIMASA) by President Muhammadu Buhari, the Executive Directors have assumed their respective duties. In their letters of appointment signed by the Secretary to the…
‘Foreigners can now invest in T-Bills, others’
The Central Bank of Nigeria (CBN) has unveiled new guidelines which empowers foreigners to invest in short-term debts and securities. Under the arrangement, foreigners can now invest in Treasury Bills (T-Bills), Federal Government Bonds, certificates of deposit, commercial paper,…
Adequate maritime security requires planning, says Peterside
The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Dr. Dakuku Peterside has stated that ensuring a good security in the maritime industry requires careful planning and stringent implementation. The DG stated this during the closing ceremony…
Auto policy proposed review ignites fresh controversy
The resolve by the Federal Government to review ‘some aspect’ of the automotive policy is generating anxiety among investors and stakeholders in the sector. The technical committee on the review under the chairmanship of Director General of National…
New Rio wears Kia’s ‘tiger-nose’ grille
The all-new, fourth-generation Kia Rio will make its world premiere on 29 September in Paris, at the 2016 Mondial de l’Automobile. Design of the new Rio was led by Kia’s design centers in Germany and California, in close collaboration with…
Audi mobility servie debuts in Asia
Following its successful launch in the United States of America (USA), Audi at home is now also available for the first time in Asia. In Hong Kong, residents of the exclusive “Dragons Range” complex can make flexible use of…
Apapa Customs generates N35Billion in August
For the month of August, 2016, the Apapa Command of Nigeria Customs Service (NCS) generated N34.9 Billion revenue, about N8 Billion higher than the N27 Billion realised in July. According to the command, the collection is the highest monthly…
NECA blames recession on inadequate policies
The Nigerian Employers Consultative Association of Nigeria (NECA) has blamed Nigeria’s ongoing economic challenges on inadequate policy direction on the part of the present administration. President of NECA, Mr Larry Ettah, in his address at the Association’s Annual General…
Elumelu seeks stronger business tiers between Africa, France
The chairman of Heirs Holdings and United Bank for Africa (UBA), Tony Elumelu has called for stronger business relationship between Africa and France. Speaking at the MEDEF Summer University Forum in Paris , Elumelu who is also founder of…
FG to partner Northern States on revival of Durbar Festival
The Federal Government is to work with the states in Northern Nigeria to revive the Durbar Festival because of its huge potential to showcase the pristine African culture and also create jobs. The Minister of Information and Culture, Alhaji Lai Mohammed,…
No going back on new minimum wage, says NLC
The Nigeria Labour Congress (NLC) yesterday called on the Federal Government to reconstitute the tripartite committee to negotiate a new minimum wage in view of the current economic recession facing the country. Speaking at 59th Annual General Meeting, NLC…
Port of Antwerp unveils investment agenda for West Africa
The port of Antwerp is to invest into the expansion of West African port of San Pedro, Côte d’Ivoire, as it agreed with the port to collaborate on the expansion plans over the next few years. Work on construction of…
Airtel, Nestle CEOs list modalities for improved GDP
The critical role of private sector in the development of Nigeria’s economy took the centre stage on Wednesday at the second edition of Nigerian Stock Exchange (NSE) Chief Executive Officers (CEOs) roundtable discussions in Lagos. Some Chief Executive Officers…