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…
SEC Boss In Sydney, Explains WASRA Guidelines On Cross Border Issuance
The West African Securities Regulatory Authorities (WASRA) has concluded draft guidelines on cross border issuance of fixed incomes and a Mutual Recognition Agreement for the region. According to a statement issued by Efe Ebelo, Head of Media (SEC), these were…
NIMASA To Partner Port Of Antwerp On Maritime Trade
As part of efforts to boost trade and encourage foreign direct investment opportunities in the Nigerian maritime sector, the Nigerian Maritime Administration and Safety Agency (NIMASA) is set to partner with the Port of Antwerp in Belgium. This position was…
NNPC To Inaugurate Largest LPG Storage In Edo
The Nigerian National Petroleum Corporation says it will unveil the largest Liquefied Petroleum Gas also known as cooking gas and Propane Storage and dispensing facility in Oredo, Benin City, Edo State. The Corporation disclosed this in a statement by its spokesman,…
Mitsubishi Motors CEO Steps Down
Mitsubishi Motors Corporation has said that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia. Masuko will retain his role as chairman of the board, Mitsubishi…
FIRS Declares N1.5tri Revenue In Q1
The Federal Inland Revenue Service ((FIRS) generated N1.5 trillion revenue in the first quarter (Q1) of 2019, according to its Chairman, Mr Babatunde Fowler. Fowler disclosed this to the News Agency of Nigeria (NAN) in New York at the weekend….
MTN, First Bank, Access Bank, UBA, GTBank, Others Seal N200b Loan Deal
MTN Nigeria Communications Plc on Friday signed a seven-year 200 billion naira medium term facility with a consortium of seven mostly local banks. The company stated this in a statement by its Company Secretary, Uto Ukpanah, to the Nigerian Stock…
Michelin Acquires Masternaut
French tyre maker Michelin has agreed to buy telematics company Masternaut for an undisclosed amount, in a deal Michelin said would increase its presence in the field of customer services. According to Reuters, Masternaut manages over 220,000 mostly light utility vehicles under contract, and…
NIMASA DG: Maritime Tourism Can Grow Nigeria’s Economy
Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has called for concerted effort by stakeholders towards the development of coastal and maritime tourism in Nigeria, saying when fully harnessed, the sector can contribute greatly to…
Edo Inaugurates Agric Produce Development Committee
The Edo State Governor, Mr Godwin Obaseki, has inaugurated the seven-man Edo Agricultural Produce Development Strategy Implementation Committee, to drive the state government’s policies in repositioning the state as an agricultural produce hub. Speaking at the inauguration of the committee…
States To Share N649b Paris Club Refund
All is now set for States across Nigeria to share N649billion Final Tranche of Paris Club Refund. Briefing Journalists on Thursday in Abuja, Finance Minister, Mrs. Zainab Ahmed explained that debtor-states are expected to settle their debts, adding that the Federal Government…
NPA Photo News
The newly elected Executives of Senior Staff Association Statutory Corporations and Government Owned Companies (SSASCGOC), Maritime Branch on Thursday paid a courtesy call on the Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman at the NPA Corporate Headquarters in…
Dakuku Peterside: Nigerian Waters Now Safer
The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said that piracy and other maritime crimes have reduced drastically in the Nigerian maritime domain, making it safer for investment. Contrary to reports in a…
Seplat Photo News
L-R: Mr. Austin Avuru, Chief Executive Officer, Seplat Petroleum Development Company Plc; Company’s Secretary, Mrs. Mirian Kachikwu; Dr. A.B.C. Orjiako, Chairman; Mr. Roger Brown, Chief Financial Officer, during the company’s 6th Annual General Meeting held in Lagos, on Thursday.