Business Archives — Page 535 of 548

August 11, 2016 No Responses

FRSC begins enforcement of speed limiters October 1

By Moses Ebosele – After several months of campaign and public enlightenment, the Federal Road Safety Corps (FRSC) is to commence enforcement of the speed limiters on commercial vehicles October 1, 2016 nationwide. Speaking with stakeholders on Wednesday...

August 11, 2016 No Responses

South Africa overtakes Nigeria

By Adebisi Emmanuel – As Nigerians struggle with the reality of economic recession, South Africa’s economy has regained the position of Africa’s largest in dollar terms more than two years after losing it to Nigeria. Indeed, based on gross.....

August 11, 2016 No Responses

SEC to stop dividend warrant in 2017

By Moses Ebosele – AS part of measures to encourage investors in the Nigerian capital market to embrace e-dividend, the Securities and Exchange Commission (SEC) has concluded plans to abolish dividend warrant in June 2017. Briefing Journalists i...

August 11, 2016 No Responses

UK unveils 24-hour visa service in Nigeria

By Adebisi Emmanuel – The United Kingdom has unveiled a Super Priority Visa Service in Nigeria to allow customers to process applications within 24 hours. The British High Commission, in a statement posted on its website, quoted the British High...

August 11, 2016 No Responses

Strategic role of women in maritime sector, by NIMASA DG

By Moses Ebosele – Women have critical role to play in the development and growth of the maritime sector, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside, has said Dr. Peterside who...

August 11, 2016 No Responses

Columbia defeats Nigeria

Colombia last night defeated Nigeria Dream Team 2 – 0 in Men’s First Round Group B match of Rio 2016 Olympic Games at the Corinthians Arena, in Sao Paulo, Brazil. At the end of the match, Colombia secured their...

August 10, 2016 No Responses

400 contractors bid for Railway’s canteens, carpark, others

No fewer than 400 contractors are competing to participate in the Nigeria Railway Corporation (NRC) capital projects for 2016. According to the Corporation, the bidders are bidding for alternative revenue streams “like canteens, clubs and car parks, commu...

August 10, 2016 No Responses

Declare state of emergency on economy, NUPENG tells Buhari

By Moses Ebosele – The Nigerian Union of Petroleum and Natural Gas workers (NUPENG) on Tuesday expressed worry over what it described as “parlous state” of the Nigerian economy. The union in a statement issued by its President, Dr Igwe...

August 10, 2016 No Responses

How to revive Nigeria’s economy, by NECA

By Moses Ebosele – Effort by the Federal Government to revamp the economy and stimulate growth in the face of the global economic downturn has been commended by the Nigeria Employers’ Consultative Association (NECA). The Association in a state...

August 10, 2016 No Responses

‘Don’t sell more than $30,000 per week to BDC’

The Central Bank of Nigeria (CBN) on Tuesday directed Bureau De Change (BDCs) operators not to sell foreign exchange above two per cent margin of the buying rate. This is contained in a statement in Lagos signed by W.D Gotring,...

August 10, 2016 No Responses

NNPC denies report on fuel price increase

The management of Nigeria Railway Corporation (NRC) has ruled out possibility of imminient in the pump price of petroleum products. Reacting to online reports suggesting that the Federal Government will soon increase the price of fuel due to the...

August 10, 2016 No Responses

NIMASA pledges to fully implement Ballast Water Management Convention

By Moses Ebosele – The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has challenged stakeholders in the maritime industry to protect the marine environment from alien invasive species conveyed in...

August 10, 2016 No Responses

NAHCO facilitates lifting of thousands to Hajj

By Moses Ebosele – The Nigerian Aviation Handling Company Plc (NAHCO) is facilitating the ongoing airlift of thousands of pilgrims to Saudi Arabia. The company has also pledged to protect the interet of all stakeholders especially investors as...

August 9, 2016 No Responses

Shareholders, NUATE seek support for NAHCO’S Board, Management

By Moses Ebosele – Citing sustained growth and development, shareholders of Nigerian Aviation Handling Company Plc (NAHCO)have urged all stakeholders to support the board and management of the company. According to the shareholders, the company in ...