IITA donates 35,930 kilograms ‘Seeds of Renaissance’ to Borno

IITA donates 35,930 kilograms ‘Seeds of Renaissance’ to Borno

The International Institute of Tropical Agriculture (IITA) on Monday donated about 35,930 kilograms of seeds to the Borno state government as part of efforts to cushion the humanitarian crisis in the northeastern part of Nigeria.   The donation is an...
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Nigeria host maiden African Customs Directors General meeting

Nigeria host maiden African Customs Directors General meeting

Nigeria is set to play host to First Extra Ordinary Meeting of African Union Sub Committee of Directors General of Customs from 23rd to 25th of May 2017 in Abuja. The meeting, which will be attended by  fifty African countries...
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NPA Photo News

NPA Photo News

Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman (2nd left); Practice Manager, World Bank, Benedict Eijbergen (left); Senior Transport Spec., World Bank, Olatunji Ahmed (2nd right) and the Technical Assistant to the MD, Dr. Abubakar D...
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WFE responds to EC’s consultation on operation of european supervisory authorities

WFE responds to EC’s consultation on operation of european supervisory authorities

The World Federation of Exchanges (“WFE”) has responded to the European Commission’s Public Consultation on the Operations of the European Supervisory Authorities (ESAs).   While the consultation has an EU focus, there are some items that are relevant t...
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Africa needs new financing models to bridge development gaps, says Osinbajo

Africa needs new financing models to bridge development gaps, says Osinbajo

Acting President, Yemi Osinbajo, has advocated a new paradigm in financing infrastructure projects in Africa in order to close the huge infrastructure gap in the continent.   He stated this on Tuesday at a forum to mark Africa Finance Corporation’s...
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Weststar announces return of FIAT to Nigeria

Weststar announces return of FIAT to Nigeria

“It is with great excitement that Weststar Associates Limited, (Authorized General Distributors of Mercedes-Benz, Chrysler, Jeep, Dodge, & Ram in Nigeria) confirms the arrival of the much-anticipated Italian brand – FIAT in Nigeria. Plans are alrea...
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‘Indigenous languages may go into extinction’

‘Indigenous languages may go into extinction’

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the country’s indigenous languages are endangered and could go into extinction in no distant future if urgent steps are not taken to reverse the trend. In his address at the 2017 A...
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BMW to revive 8 series in upmarket strategy push

BMW to revive 8 series in upmarket strategy push

By Edward Taylor, Reuters –  BMW Group said it will launch an 8-series model in 2018, reviving its upmarket coupe line as part of a broader strategic shift to focus on higher-margin sports cars rather than compact vehicles. “The 8-series...
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Maersk Group declares $253m profit in first quarter

Maersk Group declares $253m profit in first quarter

Danish shipping and offshore energy conglomerate Maersk Group reported its profit at USD 253 million for the first quarter of 2017, compared to USD 224 million seen a year earlier, in line with expectations. The group’s revenue increased by 5 percent...
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Nigeria intensifies partnership with Brazil on sustainable growth in Agriculture, targets 960,000 tractors in eight years

Nigeria intensifies partnership with Brazil on sustainable growth in Agriculture, targets 960,000 tractors in eight years

 Inline with  ongoing measures to revamp Agriculture across the country, the Federal Government through the Minister of Agriculture and Rural Development, Chief Audu Ogbeh has signed the Protocol of Intention for Nigeria to access Agricultural mechanization ...
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Port of Virginia hosts COSCO Development

Port of Virginia hosts COSCO Development

The Port of Virginia welcomed on May 8 COSCO Development, the largest containership to call this port and the US East Coast.  The 13,092 TEU boxship breaks the previous record held by the 10,000 MOL Benefactor when it sailed to Norfolk International Termin...
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NPA, Japanese govt to collaborate on projects

NPA, Japanese govt to collaborate on projects

The Nigerian Ports Authority (NPA) has stated that it would collaborate with the Japanese Government especially in the areas of technical and manpower support.   This assurance was given by the NPA Managing Director, Hadiza Bala Usman who was represented...
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Ecobank receives   Asian Banker’s Awards

Ecobank receives Asian Banker’s Awards

Ecobank Nigeria and Ecobank Transnational Incorporated (ETI) microfinance banking subsidiary in Ghana, Pan-African Savings & Loans, have received remittance product of the year and the best microfinance product in Africa for 2017 awards respectively at The...
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COSCO Shipping to sell stake in shipyard assets

COSCO Shipping to sell stake in shipyard assets

COSCO Shipping International (Singapore) has decided to sell equity interest in its shipyard assets for a price of CNY 1.46 billion (USD 211.5 million) to COSCO Shipping Heavy Industry. In an effort to centralize operations and management, the company said i...
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