Tag: Business

Ministry implore stakeholders on 2016/2017 dry season farming scheme
November 21, 2016 No Responses

Ministry implore stakeholders on 2016/2017 dry season farming scheme

To enhance transparency and accountability in the implementation of the Growth Enhancement Scheme (GES), the Federal Government has concluded plans to implement the 2016/2017 dry season intervention scheme.  Speaking at the opening ceremony of the GES Stakeholders Preparatory Meeting for...
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SEC signs capital market studies MoU with NERDC
November 21, 2016 No Responses

SEC signs capital market studies MoU with NERDC

The Securities and Exchange Commission (SEC) is set to achieve another milestone by infusing Capital Market Studies (CMS) into schools curriculum with the signing of a Memorandum of Understanding (MoU) with the Nigerian Educational Research and Development Cou...
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FG proposes N750B recapitalization agenda for agric bank
November 21, 2016 No Responses

FG proposes N750B recapitalization agenda for agric bank

The Federal Government through the Central Bank of Nigeria (CBN) has concluded plans to make available N750 Billion for the recapitalisation of the Bank of Agriculture in 2017.    Under the arrangement, the Bank is being repositioned to attract not...
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CMA CGM records $202m net loss in third quarter
November 21, 2016 No Responses

CMA CGM records $202m net loss in third quarter

French shipping major, CMA CGM reported a net loss of USD 202 million in the third quarter of 2016, while its revenue for the quarter fell by 16.3 percent to USD 3.33 billion, excluding NOL contribution. The company explained that, including...
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Pope names 17 new Cardinals
November 20, 2016 No Responses

Pope names 17 new Cardinals

Pope Francis has named 17 new cardinals of the Roman Catholic Church from around the world, many of whom will help choose his successor. The new cardinals come from five continents, and include the Vatican’s envoy to Syria. The range...
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Ibrahim Jibril elected CILT President
November 20, 2016 No Responses

Ibrahim Jibril elected CILT President

Mr. Ibrahim Jibril, Director of Administration and Human Resources department in the Nigerian Maritime Administration and Safety Agency (NIMASA) has been elected the President of the Chartered Institute of Logistics and Transport (CILT) Nigeria. At the electio...
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Buhari in Ondo, seeks support for Akeredolu
November 20, 2016 No Responses

Buhari in Ondo, seeks support for Akeredolu

President Muhammadu Buhari on Saturday canvassed support for  Oluwarotimi Akeredolu (SAN) as the next Governor of Ondo State under the platform of All Progressive Congress (APC).    He also used the opportunity to describe the process that brought Akeredolu...
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VW loses more European market share
November 19, 2016 No Responses

VW loses more European market share

 Volkswagen Group lost market share in Europe for the 14th straight month, data from an industry association, ACEA has revealed.  Much of the decline has coincided with the automaker’s emissions-cheating scandal that erupted in September 2015, giving c...
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Trial of Driverless bus begins in Japan
November 19, 2016 No Responses

Trial of Driverless bus begins in Japan

A Japanese company has brought us a step closer to autonomous public transport with its Robot Shuttle. Already, the electric Robot Shuttle has completed its first public trials,  traversing a 400 meter section of public road along Lake Tazawa in...
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Corruption: FG unveils panel on asset recovery
November 19, 2016 No Responses

Corruption: FG unveils panel on asset recovery

The Federal Government has set up an inter-agency Presidential Committee on Asset Recovery (PCAR) as part of its efforts tostrengthen the ongoing fight against corruption, the Minister of Information and Culture, Alhaji Lai Mohammed, has said.  Speaking whi...
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Dana Air partners Spectranet on free wifi, pledges on-time performance
November 19, 2016 No Responses

Dana Air partners Spectranet on free wifi, pledges on-time performance

Dana Air has assured passengers of the company’s commitment to on- time performance even as aviation fuel (JET A1) scarcity across the country worsens.   Dana Air said in spite of the scarcity of aviation fuel, it’s on time performance is still...
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Trump settles Trump University lawsuits for $25m
November 19, 2016 No Responses

Trump settles Trump University lawsuits for $25m

Donald Trump has settled three Trump University lawsuits for $25m (£20m), the New York Attorney General has said. The US president-elect was being sued by former students who paid $35,000 (£28,000) for real estate “secrets” from his “hand-p...
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Kachikwu canvasses early repairs of refineries
November 18, 2016 No Responses

Kachikwu canvasses early repairs of refineries

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has called  for the prompt  rehabilitation of the nation’s refineries as part of measures to prevent them from being sold as scrap.   Speaking on Thursday at a stakeholders’...
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Export Expansion Grant resumes in 2017
November 18, 2016 No Responses

Export Expansion Grant resumes in 2017

The Export Expansion Grant (EEG), which was suspended in 2014 following allegations of widespread abuse and the accumulation of significant liability on the Negotiable Duty Credit Certificate (NDCCs), will resume in 2017, Minister of Industry, Trade and Invest...
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