Business Archives — Page 478 of 480

July 15, 2016 No Responses

Buhari, Osinbajo, Elumelu sign women empowerment initiative

African businessman and philanthropist, Tony O. Elumelu, CON, joined the First Lady of Nigeria, Mrs. Aisha Buhari and wife of the Vice President of Nigeria, Mrs. Dolapo Osinbajo at a forum and exhibition on Nigerian Women in Export, held in...

July 15, 2016 No Responses

Customs zone ‘A’ impounds N1.2billion contraband in six months

Between January and June this year, the Nigeria Customs Service (NCS), Zone ‘A’, Ikeja made four hundred and Ninety Four (494) different Seizures of prohibited/offending goods valued at N1.2billion. According to a statement issued by the Public Relati...

July 15, 2016 No Responses

Kia Motors declares 268,886 sales in June

For the month of June 2016, Kia Motors Corporation has announced global sales figures (export sales, domestic sales and sales from overseas plants) for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 268,886 units so...

July 14, 2016 No Responses

$3.8b Project fuels Intels, LADOL dispute

The outgoing Managing Director of Nigerian Ports Authority (NPA), Habib Abdullahi has identified the $3.8billion Floating Production Storage and Offloading (FPSO)project as the major factor responsible for the ongoing face-off between Integrated Logistics Serv...

July 14, 2016 No Responses

FirstBank targets 10million new customers in three years

AS part of its financial inclusion initiative, First Bank of Nigeria Limited has unveiled plan to grow its customer base by over 10 million new customers in the next three years. Managing Director and Chief Executive Officer of First...

July 14, 2016 No Responses

Labour petitions Minister over activities of shipping companies

MEMBERS of the Maritme Workers Union of Nigeria (MWUN) have forwarded a petition to the Minister of Transport over what they described as the “activities of some shipping companies, consignees/agents.” Urging the Minister to intervene as part of measure...

July 14, 2016 No Responses

Nigeria seeks support for regional framework against Piracy

The Federal Government has expressed its support for any regional initiative geared towards eliminating the scourge of piracy and maritime crimes especially in the Gulf of Guinea. Speaking at the ongoing International Maritime Organisation (IMO)/Maritime Org...

July 13, 2016 No Responses

FBN Capital partners Oxford Business Group on research

By Moses Ebosele – FBN Capital has signed a research Memoradum of Understanding (MoU) with Oxford Business Group (OBG). Under the aggrement, a report by OBG will examine the Central Bank of Nigeria’s monetary policy, review the country’s recently-r...

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...

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...

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 ...

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 ...

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...