Federal Archives — Page 136 of 138

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 within the nation’s ports in...

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...

July 24, 2016 No Responses

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...

July 24, 2016 No Responses

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....

July 24, 2016 No Responses

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...

July 23, 2016 No Responses

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...

July 22, 2016 No Responses

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...

July 22, 2016 No Responses

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...

July 22, 2016 No Responses

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...

July 22, 2016 No Responses

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.....

July 21, 2016 No Responses

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.....

July 21, 2016 No Responses

Lafarge records N28billion loss in Q2

By Moses Ebosele – For the second quarter ended June 2016, Lafarge Africa Plc has recorded a pre-tax loss of N28billion. In its report to the Nigerian Stock Exchange (NSE) yesterday, the company attributed the loss to dwindling foreign...

July 21, 2016 No Responses

NSE partners Dangote Cement on price information scheme

By Moses Ebosele – The Nigerian Stock Exchange (NSE) has entered into a contract to provide Dangote Cement Plc its Issuers Share Price Information service. The Issuers Share Price Information is an offering that enables companies listed on the...

July 21, 2016 No Responses

Buhari appoints Ekere as MD of NDDC, Ndoma-Egba as Chairman

Former Deputy Governor of Akwa Ibom State, Nsima Ekere and Senator Victor Ndoma-Egba have been appointed by President Muhammadu Buhari as Managing Director and Chairman of Niger Delta Development Commission (NDDC) respectively. Already, their names ha...