Tag: Business

NNPC denies plan to increase fuel price
September 6, 2016 No Responses

NNPC denies plan to increase fuel price

The Nigerian National Petroleum Corporation (NNPC) has denied reported plan by the Federal Government to increase fuel price as untrue.   . The NNPC Group Managing Director (GMD), Maikanti Baru, told the State House correspondents  after  meeting with President Muhammadu...
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LCCI holds 2016 members day exhibition
September 6, 2016 No Responses

LCCI holds 2016 members day exhibition

The Lagos Chamber of Commerce and Industry (LCCI) has concluded plans to  hold its 2016 Members’ Day exhibition and networking event with the theme “Increasing the Visibility of Members”.   The event is an opportunity for all members of the...
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ILO seeks support for commitment of G20 to tackle inequality
September 6, 2016 No Responses

ILO seeks support for commitment of G20 to tackle inequality

 The Director General of International Labour Organisation (ILO), Guy Ryder has urged leaders to accelerate inclusive development to respond to growing employment and equality challenges.    He also welcomed the commitment taken by G20 leaders to tackle ris...
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WFE reiterates partnership with IOSCO, G20 nations
September 6, 2016 No Responses

WFE reiterates partnership with IOSCO, G20 nations

The World Federation of Exchanges (WFE) has called for common approach to issues among International Organisation of Securities Commission (IOSCO) and G20 nations.   Reacting to the European Securities and Markets Authority’s (ESMA) Discussion Paper on Dist...
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‘INNOSON operation is on, plant not shut’
September 5, 2016 No Responses

‘INNOSON operation is on, plant not shut’

Innoson Vehicle Manufacturing Company Limited (IVM), is still producing vehicles with full complement of its workers, and has not shut the plant in Nnewi as reported recently in some sections of the media. This  was contained in a statement issued...
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First Nation resumes September 15
September 5, 2016 No Responses

First Nation resumes September 15

Barely one week after suspending its operations, FirstNation Airways is to resume onSeptember 15, 2016.    In a statement, FirstNation’s Head of Corporate Affairs, Rasheed Yusuf explained that the airline suspended operations to carry out routine maintenan...
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Tincan Island Port generates N26.2 Billion in August
September 5, 2016 No Responses

Tincan Island Port generates N26.2 Billion in August

For the Month of August 2016, the Nigeria Customs Service (NCS), Tincan Island Command generated N26.2 Billion revenue.   According to the command, the figure represents a positive signal “going by the indices of the previous month”.   It will...
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FG faults US Congressman’s report on Nigeria
September 5, 2016 No Responses

FG faults US Congressman’s report on Nigeria

The Federal Government has described as ‘sadly out of tune with reality’ the published letter from US Congressman Tom Marino to Secretary of State John Kerry, asking the US to withhold security assistance to Nigeria on the strength of ‘some...
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Obasanjo denies report on Buhari’s second term
September 5, 2016 No Responses

Obasanjo denies report on Buhari’s second term

Former President, Olusegun Obasanjo has denied  media report that he asked President Muhammadu Buhari not to seek re-election in 2019. A former Chief Press Secretary to Mr. Obasanjo, Alex Nwokedi, was quoted to have made the comment on behalf of...
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Catholic Church declares Mother Teresa a Saith
September 5, 2016 No Responses

Catholic Church declares Mother Teresa a Saith

Nineteen years after her death,  Mother  Teresa of Calcutta, known as the “saint of the gutters” during her life wason Sunday  declared a saint of the Roman Catholic Church by Pope Francis.  According to Agency reports, Tens of thousands of...
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Meet New Executive Directors of NIMASA
September 5, 2016 No Responses

Meet New Executive Directors of NIMASA

Following the appointment of a Governing Board for the Nigerian Maritime Administration and Safety Agency (NIMASA) by President Muhammadu Buhari, the Executive Directors have assumed their respective duties.   In their letters of appointment signed by the Sec...
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‘Foreigners can now invest in T-Bills, others’
September 4, 2016 No Responses

‘Foreigners can now invest in T-Bills, others’

The Central Bank of Nigeria (CBN) has unveiled new guidelines  which empowers foreigners to invest in short-term debts and securities.    Under the arrangement, foreigners can now invest  in Treasury Bills (T-Bills), Federal Government Bonds, certificates ...
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Adequate maritime security requires planning, says Peterside
September 4, 2016 No Responses

Adequate maritime security requires planning, says Peterside

The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Dr. Dakuku Peterside has stated that ensuring a good security in the maritime industry requires careful planning and stringent implementation. The DG stated this during th...
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Auto policy proposed review ignites fresh controversy
September 3, 2016 No Responses

Auto policy proposed review ignites fresh controversy

   The resolve by the Federal Government to review ‘some aspect’ of the automotive policy is generating anxiety among investors and stakeholders in the sector.   The technical committee on the review under the chairmanship of Director General of Nationa...
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