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…
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…