Federal Archives — Page 141 of 144

July 26, 2016 No Responses

FG explains $42.5 per barrel benchmark for 2017

The Federal Government has proposed $42.5 per barrel benchmark for the year 2017. Presenting the 2017-2019 Meduim Term Expenditure Framework (MTEF) to civil society group in Abuja on Monday, Minister of Budget and National Planning, Udoma Udoma, explained that next...

July 26, 2016 No Responses

Drama as Edo Speaker steps down for deputy

Speaker of Edo State House of Assembly, Mrs. Elizabeth Ativie, yesterday stepped down from her position to allow her Deputy, Dr. Justin Okonoboh assume house leadership. 18 out of the 24 members of the House supported the removal of Ativie...

July 26, 2016 No Responses

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...

July 25, 2016 No Responses

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. ...

July 25, 2016 No Responses

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...

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 wi...

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...