Business Archives — Page 529 of 536

July 27, 2016 No Responses

INEC okays Makarfi as PDP’s Acting National Chairman

(NAN) The Independent National Electoral Commission (INEC), has recognised former Governor of Kaduna State Ahmed Makarfi as the Acting National Chairman of the Peoples Democratic Party (PDP). In a statement issued by INEC’s Deputy Director, Voter Education and Publicity, Nick Dazang...

July 26, 2016 No Responses

Global market capitalisation drops to $67.2 trillion in six months

By Moses Ebosele – A report put together by the World Federation of Exchanges (WFE) has revealed that between January and June this year, global market capitalisation declined by 9.4 per cent to reach $67.2 trillion, compared with $74.2...

July 26, 2016 No Responses

NNPC intensifies oil search in North-East

By Moses Ebosele – The Nigerian National Petroleum Corporation (NNPC) has intensified search for oil in the Chad Basin and other parts of the North-East. Receiving the Governor of Bauchi State, Mohammed Abubakar, who paid him a courtesy...

July 26, 2016 No Responses

UBA GMD canvasses closer collaboration among African Central Banks

By Moses Ebosele – To successfully drive intra-Africa trade, the outgoing Group Managing Director of United Bank for Africa (UBA) Plc, Mr Philips Oduoza has called for increased collaboration among African Central Banks. Oduoza who delivered the ...

July 26, 2016 No Responses

FG explains $42.5 per barrel benchmark for 2017

The Federal Government has proposed $42.5 per barrel benchmark for the year 2017. Presenting the 2017-2019 Meduim Term Expenditure Framework (MTEF) to civil society group in Abuja on Monday, Minister of Budget and National Planning, Udoma Udoma, explai...

July 26, 2016 No Responses

Drama as Edo Speaker steps down for deputy

Speaker of Edo State House of Assembly, Mrs. Elizabeth Ativie, yesterday stepped down from her position to allow her Deputy, Dr. Justin Okonoboh assume house leadership. 18 out of the 24 members of the House supported the removal of Ativie...

July 26, 2016 No Responses

Flour Mills posts N4.3b loss

For its fourth quarter (Q4), Flour Mills Nigeria Plc has posted profit before tax of N4.3billion. In a report to the Nigeria Stock Exchange (NSE), the company said: “the pre-tax loss was mainly driven by a combination of factors including a...

July 25, 2016 No Responses

Lagos targets N30b monthly revenue

(NAN) The Lagos State Government on Sunday said it will reduce dependence on federal allocation by increasing its Internally Generated Revenue (IGR) to a monthly target of N30 billion in 2017. It also said that it would increase the IGR...

July 25, 2016 No Responses

Trailing Abdullahi’s foot note at NPA

By Moses Ebosele – Blocking revenue leakages and clamour for efficiency through deployment of information technology were some of the notable achievements of the immediate past Managing Director of Nigerian Ports Authority (NPA), Habib Abdullahi. ...

July 25, 2016 No Responses

Ministry to partner British Council, Elumelu Foundation on capacity building for culture, tourism managers

By Moses Ebosele – The Minister of Information and Culture, Alhaji Lai Mohammed has reiterated resolve to partner the British Council and Tony Elumelu Foundation as part of measures to enhance capacity building initiative of culture and tourism m...

July 25, 2016 one Response

Amaechi unveils ports surveillance technology

By Moses Ebosele – The Minister of Transportation, Rotimi Amaechi has unveiled a maritime security technology which tracks and records movement of vessels within the nation’s territorial waters. The security infrastructure monitors vessels wi...

July 25, 2016 No Responses

NIMASA to certify Naval Officers, Ratings

By Moses Ebosele – The Nigerian Maritime Administration and Safety Agency (NIMASA) has concluded plans to certify Officers and Ratings of the Nigerian Navy in line with the requirements of Standards of Training Certification and Watchkeeping (STCW). ...

July 25, 2016 No Responses

Auto Journalists Training: AUTOMEDICS Boss to Lecture Mechatronics, Auto Parts

As the annual capacity building workshop and training for the Nigeria Auto Journalists gather momentum, key speakers have lined up as facilitators for the event, which is expected to add value to the implementation of the nation’s auto policy. Key...

July 25, 2016 No Responses

FIFA President arrives in Nigeria

The President of Federation of International Football Association (FIFA) Gianni Infantino, yesterday arrived Abuja, Nigeria on an official visit. The President of world football –governing body, Gianni Infantino, and the Secretary General, Fatma Samoura...