Federal Archives — Page 115 of 138

November 9, 2016 No Responses

Senate faults rail track concession deal with General Electric

Citing lack of due process, the Nigerian Senate on Tuesday commenced investigation into the concession of Eastern and Western rail lines to General Electric (GE). According to the Senate, the contract entered into with the United States Company did not...

November 9, 2016 No Responses

NSE Photo News

L – R shows Efiok E. Efiok, Head, Investment Management Department, Securities and Exchange Commission (SEC); Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Hajara Adeola, Managing Director, Lotus Capital Limited; Garet...

November 9, 2016 No Responses

Rail track concession: Deliberate undervaluation, lack of due process

By Segun Esan and Romanus Emezie – On August 12, 2016, the Vice President of Federal Republic of Nigeria announced that the Bureau of Public Enterprises (BPE), in collaboration with Infrastructure Concession Regulatory Commission (ICRC), established th...

November 9, 2016 No Responses

NPA Photo News

Executive Director of NPA (Marine and Operations) Dr Sokonte Davies (Left) and Hon Obinna Chidoka, Chairman House of Representative Committee on Environment during the Committee oversight function to NPA.

November 8, 2016 No Responses

NPA Board wades into Calabar dredging stalemate

The Board of Nigerian Ports Authority (NPA) has pledged to facilitate successful dredging of Calabar Seaport as part of measures to generate more jobs and ginger economic activities. Inspecting facilities at the Seaport on Monday, members of the Board led...

November 8, 2016 No Responses

NECA lauds suspension of FRCN’S Code of Corporate Governance

The Nigeria Employers’ Consultative Association (NECA) has commended the Federal Government on its decision to suspend the Financial Reporting Council (FRCN)’s recently released Code of Corporate Governance. In a statement, NECA considered the action ap...

November 8, 2016 No Responses

FG inaugurates N510bn water, sanitation scheme

The Vice President, Prof Yemi Osinbajo on Monday in Abuja inaugurated N510 Billion partnership for Expanded Water Suppy, Sanitation and Hygiene (PEWASH) Programme. Under the arrangement, N290.5 Billion is to be set aside for water while for the period 2016.....

November 8, 2016 No Responses

NPA pledges sustained partnership with NLNG

As part of measures to enhance economic growth, the Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has assured the management of Nigerian Liquified Natural Gas (NLNG) of a sustained partnership. Playing host to a delegation from....

November 7, 2016 No Responses

Business leaders seek fresh path to prosperity in SouthWest, lauds Awolowo

All is now set for business leaders from the South West to hold Economic Summit in Ibadan, Oyo State between November 18 and 25, 2016. The gathering is expected to identify challenges confronting the region and how to overcome...

November 7, 2016 No Responses

Heritage Centre replaces Presidential Lodge in Lagos

The Lagos State Government has commended President Muhammadu Buhari for approving the hand over of the Marina Presidential Lodge to the State. According to the State Government, the gesture followed Governor Ambode’s request to have the lodge released t...

November 7, 2016 No Responses

Shareholders should take advantage of recession, says Oderinde

The Proactive Shareholders Association of Nigeria (PROSAN) has advised members to take advantage of the present economic recession in Nigeria. Addressing members during a meeting in Ibadan, Oyo State, the National Coordinator of PROSAN, Taiwo Oderinde e...

November 6, 2016 No Responses

NIMASA, Navy arrest 16 stowaways on US bound vessel

Search and Rescue personnel of the Nigerian Maritime Administration and Safety Agency (NIMASA) in conjunction with officers and men of the Nigerian Navy have apprehended 16 stowaways on a United States bound vessel, MV Colombia River. The arrest which was...

November 6, 2016 No Responses

Minister seeks rich content in music

The Minister of Information and Culture, Alhaji Lai Mohammed, has hailed Nigerian musicians for putting the country’s name on the globalmap, urging them to pay more attention to the need for socially-relevant messages in their music The Minister gav...

November 6, 2016 No Responses

EFCC confirms ex-Customs boss returned N1 billion

(NAN) The Economic and Financial Crimes Commission (EFCC) has confirmed media reports that a former Comptroller-General, Nigeria Customs Service (NCS), Abdullahi Dikko, returned N1 billion to the Federal Government. The commission’s spokesperson, Wilson Uwuj...