Business Archives — Page 492 of 540

November 10, 2016 No Responses

Intels explains $909.2m commitments as diversion of cargo threatens GMT target

The illegal diversion of cargo to non designated facilities is a direct threat to the Guaranteed Minimum Tonnage (GMT) target as provided in the Seaport concession agreement, the management of Integrated Logistcis Services (Intels) has said. Briefing the Board...

November 10, 2016 No Responses

Europe: Arik gets certification

The European Aviation Safety Agency (EASA) has granted Arik Air Third Country Operator (TCO) authorisation, which allows it to operate to any European country. The airline made the announcement in a statement by its Communications Manager, Ola Adebanji, which ...

November 10, 2016 No Responses

Firms weigh impact of Donald Trump win

(WSJ) Executives world-wide encountered a political and economic landscape radically changed by Donald Trump’s surprise election, which reverberated through the energy, health-care and manufacturing sectors. U.S. businesses braced for revamped trade pacts an...

November 10, 2016 No Responses

Omar, former Somali refugee elected legislator in US

(BBC)Ilhan Omar, 34, has made history by becoming the first Somali legislator in the United States. A former refugee, the Somali-born activist has been elected to serve as an MP in the US state of Minnesota. The Muslim Somali-American woman...

November 9, 2016 No Responses

Senate faults rail track concession deal with General Electric

Citing lack of due process, the Nigerian Senate on Tuesday commenced investigation into the concession of Eastern and Western rail lines to General Electric (GE). According to the Senate, the contract entered into with the United States Company did not...

November 9, 2016 No Responses

Dangote to generate another 250,000 jobs

Dangote Group is to generate another 250,000 employment opportunities for Nigerians through new investments in agriculture, sugar, oil refinery and fertilisers. Quoting the Group, the News Agency of Nigeria (NAN) report that the projects sited in some state...

November 9, 2016 No Responses

PDP raises committee on merger

The Peoples Democratic Party (PDP) caretaker committee under the leadership of Senator Ahmed Makarfi on Tuesday inaugurated a 115-member strategy review and inter-party affairs committee charged with the possibility to work-out possible merger with other p...

November 9, 2016 No Responses

NSE Photo News

L – R shows Efiok E. Efiok, Head, Investment Management Department, Securities and Exchange Commission (SEC); Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Hajara Adeola, Managing Director, Lotus Capital Limited; Garet...

November 9, 2016 No Responses

Rail track concession: Deliberate undervaluation, lack of due process

By Segun Esan and Romanus Emezie – On August 12, 2016, the Vice President of Federal Republic of Nigeria announced that the Bureau of Public Enterprises (BPE), in collaboration with Infrastructure Concession Regulatory Commission (ICRC), established th...

November 9, 2016 No Responses

NPA Photo News

Executive Director of NPA (Marine and Operations) Dr Sokonte Davies (Left) and Hon Obinna Chidoka, Chairman House of Representative Committee on Environment during the Committee oversight function to NPA.

November 8, 2016 No Responses

NPA Board wades into Calabar dredging stalemate

The Board of Nigerian Ports Authority (NPA) has pledged to facilitate successful dredging of Calabar Seaport as part of measures to generate more jobs and ginger economic activities. Inspecting facilities at the Seaport on Monday, members of the Board led...

November 8, 2016 No Responses

Ryder re-elected as ILO Director-General for a second term

The Governing Body of the International Labour Organization (ILO) has re-elected Guy Ryder as Director-General for a second five year-term to start in October 2017. Guy Ryder received 54 of the 56 votes cast by the titular members of the...

November 8, 2016 No Responses

NECA lauds suspension of FRCN’S Code of Corporate Governance

The Nigeria Employers’ Consultative Association (NECA) has commended the Federal Government on its decision to suspend the Financial Reporting Council (FRCN)’s recently released Code of Corporate Governance. In a statement, NECA considered the action ap...

November 8, 2016 No Responses

Fidelity Bank Goes Live on NIBSS mCash Product

Inline with its renewed efforts to further drive the financial inclusion mandates of the Central Bank of Nigeria (CBN), Fidelity Bank Plc is now live on the Nigerian Inter-Bank Settlement System (NIBSS) mCash product which will allow it’s registered mercha...