Category: News

Diamond Bank unveils Mobile POS
July 13, 2016 No Responses

Diamond Bank unveils Mobile POS

By Moshood Aliyu –  To increase safety and reliability in payment, Diamond Bank Plc in collaboration with Microsoft has introduced   Diamond Mobile POS (MPOS). Speaking on the partnership between Diamond and Microsoft on Tuesday in Lagos, Diamond Bank head of...
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July 13, 2016 No Responses

ASEA partners AfDB on capital market development

By Moses Ebosele –  The African Securities Exchanges Association (ASEA) and African Development Bank (AfDB) have signed a Memoradum of Understanding (MoU) aimed at developing capital markets within the continent. Prominent among those who attended the c...
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Nigeria canvasses technical cooperation with IMSO
July 13, 2016 No Responses

Nigeria canvasses technical cooperation with IMSO

By Moses Ebosele –    The Federal Government has sought greater technical cooperation with the International Mobile Satellite Organisation (IMSO) as part of measures to enhance the performance of the country’s Long Range Identification and Tracking o...
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Controversy trails appointment of new NPA MD
July 13, 2016 one Response

Controversy trails appointment of new NPA MD

By Moses Ebosele – The appointment of Hadiza Bala-Usman as Managing Director of the Nigerian Ports Authority (NPA) has continued to generate controversy within and outside the maritime sector.    While some Nigerians commend President Muhammadu Buhari ...
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Govt, oil workers may conclude negotiation today
July 12, 2016 No Responses

Govt, oil workers may conclude negotiation today

REPRESENTATIVES of the Federal Government and Oil Workers may conclude negotiation today. Meanwhile, the ongoing strike embarked upon by members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) is yet to be called off. Briefing ...
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Nigeria’s economy may shrink this year, says IMF
July 12, 2016 No Responses

Nigeria’s economy may shrink this year, says IMF

The International Monetary Fund (IMF) has predicted that Nigeria’s economy will most likely contract this year as energy shortages and the delayed budget weigh on output.   The IMF Country Representative in Nigeria, Gene Leon, said:“I think there is a...
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NSE unveils sustainability report, adopts GRI reporting guidelines
July 12, 2016 No Responses

NSE unveils sustainability report, adopts GRI reporting guidelines

By Moses Ebosele   The Nigerian Stock Exchange (NSE) has released its 2015 Sustainability Report titled “Ushering in a new era of sustainability in the Nigerian market place”.  The report, which is in its second edition, according to NSE  demonstrates.....
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Shipowners reject EU Ship Recycling Licences
July 12, 2016 No Responses

Shipowners reject EU Ship Recycling Licences

The European Community Shipowners’ Associations (ECSA) and the International Chamber of Shipping (ICS), which represent over 80% of world merchant tonnage, have rejected the concept of the ship recycling license, developed by consultants for the European Co...
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Shell, Keppel Offshore form LNG Bunkering JV
July 12, 2016 No Responses

Shell, Keppel Offshore form LNG Bunkering JV

KS Investments Pte Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd, has entered into a shareholders agreement with Shell Eastern Petroleum, a part of Royal Dutch Shell, to form a joint venture company which will establish an LNG...
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Auto dealers under scrutiny over alleged fraud
July 11, 2016 No Responses

Auto dealers under scrutiny over alleged fraud

By Moses Ebosele   The Federal Government through Nigeria Customs Service (NCS) has commenced full scale investigation to unravel the identities of automobile  dealers responsible for alleged under-declaration at the nation’s seaports.   Specifically, Cit...
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Chinese investment in Africa’s power sector hits $13b
July 11, 2016 No Responses

Chinese investment in Africa’s power sector hits $13b

By Moses Ebosele THE Chinese Government and its state-owned companies have invested not less than $13billion in the development of power sector in sub-Saharan Africa between 2010 and 2015. According to a new report put together by the International Energy...
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NSE’s 123 equities remain unchanged as two trading sessions record 377.798 million shares
July 11, 2016 No Responses

NSE’s 123 equities remain unchanged as two trading sessions record 377.798 million shares

By Moses Ebosele One hundrend and twenty three equities remain unchanged last week as the Nigeria Stock Exchange (NSE) opened for two trading sessions.   The stock market opened for two trading sessions as the Federal Government declaredTuesday 5th, Wednesda...
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Nigeria seeks partnership with IMO
July 11, 2016 No Responses

Nigeria seeks partnership with IMO

By Moses Ebosele TO sustain development in the maritime sector, the Minister of Transportation, Chibuike Rotimi Amaechi has expressed Nigeria’s commitment to further partner the International Maritime Organisation (IMO). Speaking in London recently when he ...
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Customs Zone ‘C’ command impounds 90 vehicles, 2,758 bags of rice, others
July 11, 2016 No Responses

Customs Zone ‘C’ command impounds 90 vehicles, 2,758 bags of rice, others

By Moses Ebosele   Between January and June, this year, the Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), Zone ‘C’, Owerri, impounded 169 contrabands worth N1.3billion. Among the items include 90 vehicles; 2,758 bags of  rice; 4,160 pie...
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