Flour Mills posts N4.3b loss

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...
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Trailing Abdullahi’s foot note at NPA

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

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...
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Amaechi unveils ports surveillance technology

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...
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FIFA President arrives in Nigeria

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...
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CBN direct banks to sell forex to BDCs

CBN direct banks to sell forex to BDCs

By Moses Ebosele –  AS part of measures to ensure stability of the Exchange rate, the Central Bank of Nigeria (CBN) has directed agent banks approved for international money transfer operators to sell foreign currency accruing from inward money remittan...
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LCCI partners German counterpart on trade, investment

LCCI partners German counterpart on trade, investment

By Moses Ebosele –  The Lagos Chamber of Commerce and Industry (LCCI) has signed a Memorandum of Understanding (MOU) with Delegation of German Industry and Commerce in Nigeria (DGIC) as part of measures to boost trade, investment and knowledge transfer....
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Minister seeks BBC, FRCN partnership

Minister seeks BBC, FRCN partnership

By Moses Ebosele –  The Minister of Information and Culture, Alhaji Lai Mohammed, has stressed the need for a robust partnership between the British Broadcasting Corporation (BBC) and the Federal Radio Corporation of Nigeria (FRCN).    According to th...
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Kia zooms past Daimler on list of top advert  spenders

Kia zooms past Daimler on list of top advert spenders

A new survey conducted by Automotive News has revealed that Auto Companies are shifting their advertisement from traditional media to online platforms because of its effectiveness and ability to reach large audience without hinderance.  Indeed, Kia Motors Cor...
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FG begins negotiation with militants

FG begins negotiation with militants

The Federal Government has commenced negotiation with militants through  oil companies and law-enforcement agencies.   President Muhammadu Buhari who spoke at farewell audience with the outgoing Ambassador of Germany, Mr Michael Zinner on Thursday said the m...
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NIMASA implores IOCs on Nigeria’s environmental laws

NIMASA implores IOCs on Nigeria’s environmental laws

By Moses Ebosele –    The Nigerian Maritime Adminstration and Safety Agency (NIMASA) will no longer tolerate disregard for Cabotage and environmental laws by the International Oil Companies (IOCs) operating in Nigeria, Director General, Dr Dakuku Peter...
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Cosco gets subsidy to uplift fleet

Cosco gets subsidy to uplift fleet

Hong-Kong listed shipping and logistics company, China COSCO Holdings Co (CCHC) has received  subsidy amounting to$28.3 million from China COSCO Corporation, the indirect controlling shareholder of the company, for the decommissioning and upgrading of its ves...
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Nigeria in recession, minister admits

Nigeria in recession, minister admits

The Minister of Finance, Mrs Kemi Adeosun, has admitted that Nigeria’s economy is going through a recession. Speaking during plenary session at the Senate, the minister explained that the Federal Government is aware of the sufferings the recession may have.....
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Presco shareholders get N1billion dividend today

Presco shareholders get N1billion dividend today

By Moses Ebosele –   Proposal by the board of Presco Plc to pay a dividend of 100kobo per share, amounting to N1billion for the year ended December 31, 2015 has been approved by shareholders.  Addressing shareholders yesterday during the company’s.....
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