City Archives — Page 498 of 506

August 3, 2016 No Responses

Lagos to partner private sector on $1b rail line

To successfully construct $1 Billion urban rail line, the Lagos State Government has announced plan to partner the private sector. Speaking in Lagos during a seminar organized by the Lagos Metropolitan Area Transport Authority in conjunction with the Japan...

August 3, 2016 No Responses

Benefits of town hall meetings, by Minister

By Moses Ebosele – Town hall meetings being held across the country by the Federal Government will provides an avenue for both the government and the governed to exchange ideas, thus fostering good governance, the Minister of Information and Culture,.....

August 2, 2016 No Responses

Forte Oil to raise N50 Billion Capital

By Moses Ebosele – The board and management of Forte Oil Plc has concluded plan to raise N50 billion debt capital before the end of this year, December 31, 2016. Presenting its “facts and figures” to Nigeria Stock Exchange (NSE)...

August 2, 2016 No Responses

NPA to renovate headquarters with N800 Million in 2016

By Moses Ebosele – Barring any last minute adjustment, the contractor handling the rehabilitation of the headquarters building of Nigerian Ports Authority (NPA) in Lagos will receive N800 Million payment in 2016. According to NPA’s 2016 Budget ...

August 2, 2016 No Responses

Change agenda is real, irreversible, says minister

By Moses Ebosele – The change agenda of the present administration is real and irreversible, Minister of Information and Culture, Alhaji Lai Mohammed, has said. Speaking at the South-East edition of the Federal Government’s Town Hall Meeting i...

August 2, 2016 No Responses

NIMASA is committed to full implementation of Cabotage Act, says DG

By Moses Ebosele – The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside has reiterated the Agency’s determination to ensure the Coastal and Inland Shipping Act 2003 also known as the Cabota...

August 2, 2016 No Responses

Nigeria seeks $3.5Billion loan from World Bank, AfDB

The Federal Government has commenced negotiation for concessionary loans of $3.5 Billion from the World Bank and African Development Bank (AfDB). According to the Minister of Finance, Mrs Kemi Adeosun, the fund will support Government effort to finance the 201...

August 2, 2016 No Responses

Mahmoud emerges NBA President

Abubakar Mahmoud has emerged the new President of Nigerian Bar Association. He pulled 3,055 votes to defeat his opponent, Joe-Kyrari Gadzama who secured 2, 384 votes.

August 1, 2016 No Responses

NPA budget N18.1b for furniture, transport, dressing, others

By Moses Ebosele – THE Nigerian Ports Authority (NPA) is to disburse N18.1 Billion as operating expenditure for furniture, rent, transport, children education and dressing allowance before the end of this year. Under the arrangement, workers of th...

August 1, 2016 No Responses

TUC explains majority stake in Unity Bank

By Moses Ebosele – The Trade Union Congress of Nigeria (TUC) has successfully acquired majority stake in Uity Bank Plc. Under the arrangement, the Congress will within the next three years invest a total of N80 billion in the...

August 1, 2016 No Responses

‘Fleet operators record 226 dealt in six months’

By Moses Ebosele – The Corps Marshal/Chief Executive Officer of Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi has decried increase in Road Traffic Crashes (RTC) involving Fleet Operators across the country. In his presentation at the just ...

August 1, 2016 No Responses

FCMB to brief Police on manager’s suicide

The management of First City Monument Bank Plc (FCMB) is to cooperate with the police on the dealth of one of its manager, Olisa Nwakoby, who allegedly committed suicide on Friday. Nwakoby, who was until his death branch manager of...

August 1, 2016 No Responses

Customs impounds ‘DHL truck’, N256m smuggled poultry products

By Moses Ebosele – The Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), Zone ‘C’ Owerri has impounded a truck 24,273 cartons of imported frozen poultry products with a Duty Paid Value (DPV) of N256,264,200. A statement issued by...

August 1, 2016 No Responses

Buhari bans distribution of conference materials

(NAN) The Federal Government has banned the procurement and distribution of bags, T-shirts and other souvenirs at events such as Conferences and Seminars funded by Federal Ministries, Departments and Agencies (MDAs). A statement issued on Sunday by the Dir...