Category: News

19 killed, 50 injured in Manchester Arena blast
May 23, 2017 No Responses

19 killed, 50 injured in Manchester Arena blast

 (BBC) Nineteen people have been killed and about 50 injured in a suspected terror attack at Manchester Arena. The blast happened at 22:35 BST on Monday following a pop concert by the US singer Ariana Grande. PM Theresa May said...
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Dangote Flour unveils new pasta, declares N11.82b profit after tax for 2016
May 22, 2017 No Responses

Dangote Flour unveils new pasta, declares N11.82b profit after tax for 2016

For the year ended December 31, 2016, Dangote Flour Mills Plc has declared profit before tax of N11.82billion  The Chairman of Dangote Flour Mills, Asue Ighodalo, while addressing shareholders at the 11th Annual General Meeting in Lagos said “Despite the...
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‘Embracing animation technology will boost Nigeria’s entertainment industry’
May 22, 2017 No Responses

‘Embracing animation technology will boost Nigeria’s entertainment industry’

The Minister of Information and Culture, Alhaji Lai Mohammed, has made a strong pitch for Nigeria to embrace the growing Animation technology in order to benefit from what has become a $300-billion industry and which represents 25% of the global audiovisu...
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Apapa road: Minister blames inadequate budgetary allocation, explains proposed N100b
May 22, 2017 No Responses

Apapa road: Minister blames inadequate budgetary allocation, explains proposed N100b

The reconstruction of Seaports access roads in Lagos State is a priority to the Federal Government, Minister of Power, Works and Housing Mr Babatunde Fashola has said.   In an interactive session with Journalists in Abuja after the ministry’s retreat,...
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NDDC to cancel N200b projects
May 21, 2017 No Responses

NDDC to cancel N200b projects

As part of measures to reduce its project-carrying capacity to a manageable size, the  Niger Delta Development Commission (NDDC) at the weekend threatened to expunge N200b worth of projects from its book.   Speaking during a visit to the Governor...
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Released Chibok girls reunite with families
May 21, 2017 No Responses

Released Chibok girls reunite with families

The 82 rescued Chibok school girls have been reunited with their parents in an emotion laden occasion in Abuja on Saturday.  The girls were earlier reunited with 24 others who were rescued by the Federal Government last year.   In her...
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‘NCC’s mandate is to ensure all stakeholders are protected’
May 20, 2017 No Responses

‘NCC’s mandate is to ensure all stakeholders are protected’

By Prof. Umar Danbatta, Executive Vice Chairman, NCC –    The Nigerian Bureau of Statistics in its first quarter telecommunications sector report for 2016 placed Lagos voice subscriber base at 19.04 million or 12.8% of the country’s subscribers and 1...
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SIFAX Haulage, SAHCOL get Nigerian Transport Award
May 20, 2017 No Responses

SIFAX Haulage, SAHCOL get Nigerian Transport Award

Two subsidiaries of SIFAX Group; SIFAX Haulage and Logistics Limited and Skyway Aviation Handling Company Limited (SAHCOL) won two major awards at the 5th Nigeria Transport Awards held in Lagos. SIFAX Haulage and Logistics Limited won the Haulage & Logisti...
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Six crew kidnapped from cargo ship off Nigeria
May 19, 2017 No Responses

Six crew kidnapped from cargo ship off Nigeria

Six crew members have been kidnapped from a general cargo vessel off Nigeria, according to ICC International Maritime Bureau’s (IMB) report. Pirates boarded an unidentified ship while it was underway around 21 nautical miles south of Nigerian Coast on May 1...
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BPE, NPA renew commitment to ensure review of seaport concession agreement
May 19, 2017 No Responses

BPE, NPA renew commitment to ensure review of seaport concession agreement

 The Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, has pledged the Bureau’s seamless collaboration with the Nigerian Ports Authority (NPA) for a sustained development of the maritime industry.  Receiving the Managing Directo...
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WFE responds to EC’s consultation on operation of european supervisory authorities
May 18, 2017 No Responses

WFE responds to EC’s consultation on operation of european supervisory authorities

The World Federation of Exchanges (“WFE”) has responded to the European Commission’s Public Consultation on the Operations of the European Supervisory Authorities (ESAs).   While the consultation has an EU focus, there are some items that are relevant t...
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ICRC lauds NPA’s PPP initiatives
May 18, 2017 No Responses

ICRC lauds NPA’s PPP initiatives

The Infrastructure Concession Regulatory Commission (ICRC) on Thursday commended the Nigerian Ports Authority (NPA) for the success it had recorded in the areas of Public Private Partnerships (PPP).   Led by Gabriel .T. Aduda, Director Civil Service Transform...
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Obaseki implores NDDC on management of resources
May 18, 2017 No Responses

Obaseki implores NDDC on management of resources

Governor Godwin Obaseki of Edo State has urged the Niger Delta Development Commission (NDDC) to help in the management of resources for the Niger Delta states, adding that individual member states accounts should be operated to facilitate appropriation of fund...
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Africa needs new financing models to bridge development gaps, says Osinbajo
May 17, 2017 No Responses

Africa needs new financing models to bridge development gaps, says Osinbajo

Acting President, Yemi Osinbajo, has advocated a new paradigm in financing infrastructure projects in Africa in order to close the huge infrastructure gap in the continent.   He stated this on Tuesday at a forum to mark Africa Finance Corporation’s...
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