Information Archives — Page 440 of 498

July 20, 2017 No Responses

‘Any programme to be consumed by Nigerians must be produced in Nigeria’

The Minister of Information and Culture, Alhaji Lai Mohammed, has reiterated the government’s decision that any programme meant for Nigerians must be produced in Nigeria, saying he was not appointed Minister to develop the economy of other countries at the expense of the...

July 20, 2017 No Responses

Minister lauds Tony Elumelu’s commitment to job creation, poverty alleviation.

At the 30th Anniversary celebration of the award-winning Transcorp Hilton Abuja, the Honourable Minister of Labour and Employment, Chris Ngige, commended the relentless efforts of the chairman, Transnational Corporation of Nigeria Plc, Tony O. Elumelu CON, to...

July 20, 2017 No Responses

Samsung wins conditional deal for vessel pair

South Korean shipbuilder Samsung Heavy Industries (SHI) revealed it has inked a shipbuilding contract for two vessels with an unnamed shipowner. As informed, the contract value is KRW 271 billion (around USD 242 million). The agreement remains conditional a...

July 20, 2017 No Responses

Presco’s N1.5B dividend for 2016 delights Shareholders

By Moses Ebosele, ebosele@hotmail.com – For the year ended December 31, 2016, shareholders of Presco Plc has approved a dividend of N1.5Billion, amounting to 150 kobo per share. The company had in 2015 rewarded shareholders with N1Billion, indicating 1...

July 19, 2017 No Responses

FG releases N243.8B second tranche of Paris Club refund to States, FCT

The second tranche of Paris Club refunds has been released by the Federal Government to the 36 states and the Federal Capital Territory (FCT). A statement issued by the Director of Information, Ministry of Finance, Mr. Salisu Danbatta, explained...

July 19, 2017 No Responses

Rolls-Royce Inks service deal for 74 Vessels

UK-based engineering company Rolls-Royce has signed a three-year service agreement with Siem Offshore and Subsea 7 covering a total of 74 offshore vessels. Under the deal, Rolls-Royce will maintain and service all of the equipment it has delivered to the two....

July 19, 2017 No Responses

UBA lifts NSE’s activity chart

The United Bank for Africa (UBA) on Tuesday sustained its growth profile on the floor of Nigerian Stock Exchange (NSE) with a turnover of 2.09 billion shares valued at N19.76Billion. At the end of trading activities on Tuesday, a total...

July 19, 2017 No Responses

WFE consolidates report on SME Exchanges

The World Federation of Exchanges (WFE) on Tuesday jointly published a report with the Milken Institute on Small and Medium-sized Enterprises (SMEs) and SME exchanges. According to WFE, the report consolidates results from initial independent research from ...

July 18, 2017 No Responses

NSE deploys Nasdaq smart surveillance technology

Nasdaq in collaboration with the Nigerian Stock Exchange (NSE) on Monday unveiled new market surveillance platform powered by SMARTS. SMARTS technology is Nasdaq’s flagship surveillance solution. The technology will, amongst other thi...

July 18, 2017 No Responses

WFE explains position on ledger technologies

The World Federation of Exchanges (WFE) on Monday responded to the United Kingdom (UK) Financial Conduct Authority’s (FCA)discussion paper on Distributed Ledger Technology (DLT). According to the summarized response, the WFE is encouraged by regulator...

July 18, 2017 No Responses

Mazda recalls 19,000 more vehicles

Mazda Motor Corp. is recalling 19,000 cars in South Africa due to airbag safety concerns as the Japanese carmaker extends a global recall to cover a wider manufacturing period, its local unit said on Monday. The recall was prompted by...

July 18, 2017 No Responses

NPA probes Calabar fire outbreak, condoles families, Cross River Govt

The management and board of the Nigerian Ports Authority (NPA) on Monday condoles the Cross River State Government and families of people who lost their lives in the fire incident which occurred at the Linc Oil and Gas tank farm...

July 18, 2017 No Responses

FG announces $1m venture capital for creative industry

The Minister of Information and Culture, Alhaji Lai Mohammed, on Monday announced the establishment of one million-dollar Venture Capital to boost the Creative Industry. The Minister made the announcement at the opening of a two-day Creative Industry Financi...

July 17, 2017 No Responses

NNPC attains five million litres of kerosene output daily

The three refineries of Nigerian National Petroleum Corporation (NNPC) in Port Harcourt, Warri and Kaduna now produce five million litres of Dual Purpose Kerosene (DPK), also identified as kerosene daily. According to NNPC, this represents more than 60 perce...