The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said that Nigeria is way overdue for an active national fleet that would properly position it in the comity of maritime nations.Dakuku stated this in…
NPA, Navy Reiterate Commitment To Safety, Security
The Management of Nigerian Ports Authority (NPA) and the Nigerian Navy (NN) have reiterated commitment to promote safety and security along Nigeria’s territorial waters and Maritime domain.Receiving a team of Naval officers led by the flag officers commanding Western Naval…
CBN To Restrict Banks Access To Bonds, Treasury Bills
The Central Bank of Nigeria (CBN) is to restrict Banks access to government securities. Speaking at the end of the Monetary Policy Committee (MPC) meeting in Abuja, the CBN Governor, Godwin Emefiele explained that MPC also directed CBN to initiate…
Intels Denies Owing NPA
The Management of Nigeria’s oil and gas logistics giant, Intels Nigeria Limited said it is not indebted to the Nigerian Ports Authority (NPA), but rather NPA owes it more than US$750 million. The company, which issued a statement on Tuesday…
How To Lift Forex Earnings Through Viable Commodities Exchange, By SEC Boss
In a bid to ensure that Nigeria realizes its full potentials in the Commodities market as well as boost foreign exchange earnings, , the Securities and Exchange Commission, SEC has emphasized the need to have a vibrant Commodities Exchange in…
Photo News
Middle: Abayomi Obadare, General Manager, Billings, Ports & Cargo Handling Services Limited flanked by Rev. Kelly Imade, Assistant General Manager, Administration, SIFAX Group and Olumuyiwa Akande, Corporate Affairs Manager, SIFAX Group, other management team members and staff during the cutting…
UBA Premieres Most Anticipated Men’s Club Season 2 Trailer
Lagos, Saturday 18th of May, 2019 was the definition of entertainment success. From the lights to setup, the atmosphere was filled with the euphoria of excitement. The wait was finally over, almost 6 months after the first season hit YouTube, The…
NSE Backs MTN On N40b Free Float Requirement, Premium Board Listing
By Moses Ebosele, ebosele@hotmail.com — MTN Nigeria met with the free float requirement of N40 billion. The free float of MTN Nigeria at the time of listing was in excess of N90 billion, the Nigerian Stock Exchange (NSE) clarified on…
Ford Sacks 7,000 Workers
The management of Ford has announced it will cut 7,000 jobs globally by the end of August in an effort to save costs. Under the arrangement, the company will reduce Ford’s salaried workforce by 10% and will be made through…
NIMASA, Navy, Others Probe Abduction Of Vessel, Crew
The Nigerian Maritime Administration and Safety Agency (NIMASA), in collaboration with the Nigerian Navy, the Indian High Commission in Nigeria and other security agencies have commenced investigations into an incident involving a Palau flagged Tanker, MT APECUS, off the coast…
Continental Tyre Sponsors Total Africa Cup Of Nations
International tyre manufacturer, Continental has announced that its Tire Division is to be Official Sponsor of the Total Africa Cup of Nations (AFCON) until 2023, as part of a five-year agreement signed with the Confédération Africaine de Football (CAF). Continental…
Rabiu Yadudu Resumes As New FAAN MD
The Federal Government on Monday appointed Captain Rabiu Hamisu Yadudu as the new Managing Director of the Federal Airports Authority of Nigeria (FAAN) with immediate effect. Until his new appointment, he was Director of Operstions, FAAN.He replaces Saleh Dunoma. In a statement issued…
Rotary Honours NSE With Outstanding Company Award
The Nigerian Stock Exchange (NSE) has received “Rotary Outstanding Invaluable Company Award” from Rotary International District 9110, Nigeria, one of the 535 Districts that make up Rotary International worldwide. It comprises over 100 Rotary Clubs with over 3000 professional men and…