Oando Shareholders Petition National Assembly

Oando Shareholders Petition National Assembly

Over 100 shareholders of the troubled Oando Plc have written a petition to the National  Assembly alleging corporate governance abuse, mismanagement and gross misconduct.   The petition, addressed to the Chairman, House Committee on Capital Market and Institutions, was signed...
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NSE elects Ogunbanjo President, declares N22.79b assets

NSE elects Ogunbanjo President, declares N22.79b assets

Mr. Abimbola Ogunbanjo on Monday emerged President of National Council of the Nigerian Stock Exchange (NSE). He replaced Mr. Aigboje Aig-Imoukhuede who has completed his three-year tenure.   Ogunbanjo was elected at The Exchange’s National Council meeting h...
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Tukur, Ibru, others elect Dossou-Aworet President of African Business Roundtable

Tukur, Ibru, others elect Dossou-Aworet President of African Business Roundtable

The Executive Board of Directors of African Business Roundtable has elected Founder and Chairman of Petrolin, the Pan African Exploration and Production Oil and Gas Conglomerate, Mr. Samuel Dossou-Aworet as President Africa Business Roundtable (ABR).   Member...
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FG condemns deadly attack on Benin Zoo

FG condemns deadly attack on Benin Zoo

The Minister of Information and Culture, Alhaji Lai Mohammed, has strongly condemned the attack on Ogba Zoo and Nature Park in Benin, Edo State, on Sunday, during which three policemen were killed and the Head of the Zoo, Dr. Andy Ehanire, was abducted...
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COSCO gets $54m fleet renewal backing

COSCO gets $54m fleet renewal backing

China’s COSCO Shipping Energy Transportation has received a government subsidy for disposal and retrofit of vessels worth approximately HKD 421 million (USD 54 million). The subsidy is part of revenue-related government grants and is aimed at compensating f...
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‘Concerted efforts needed to stop menace of climate change’

‘Concerted efforts needed to stop menace of climate change’

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stressed the need for collaborative efforts to tackle the scourge of climate change. Dr. Dakuku stated this while speaking at an event on climate....
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More criticisms trail Nigeria’s Auto Policy

More criticisms trail Nigeria’s Auto Policy

By Moses Ebosele, ebosele@hotmail.com    Criticism has continued to trail implementation of Nigeria’s Automotive Industry Development Plan (NAIDP).     Speaking in Lagos at the Nigeria Auto Journalists Association (NAJA) monthly industry forum, a senior...
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PwC rallies support for Benue flood victims, donates N2.58m

PwC rallies support for Benue flood victims, donates N2.58m

By citybusinessnews@yahoo.com   Staff & partners of PwC Nigeria recently donated N2.58m to Sesor Empowerment Foundation for Benue Flood Victims.     Many communities in Benue State were flooded late August following heavy rains, leaving 110,000 people ...
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FG reiterates commitment to tackle electricity supply challenges

FG reiterates commitment to tackle electricity supply challenges

The Federal Government has reiterated its commitment to tackle challenges associated with electricity supply nationwide.  Speaking in Akwa Ibom State on saturday during the inauguration of a metering company, Vice President Yemi Osinbajo explained that the Fe...
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ESL names 2nd LNG-Fueled Bulker

ESL names 2nd LNG-Fueled Bulker

Helsinki-based shipping company ESL Shipping, a member of the Aspo Group, has named Haaga, the second of the company’s two LNG-fueled dry cargo vessels.   The naming ceremony took place at the Jinling shipyard in Nanjing, China, on September 22,...
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Osinbajo: Nigerian entertainment industry is absolutely amazing, extremely professional

Osinbajo: Nigerian entertainment industry is absolutely amazing, extremely professional

ONE of the areas where Nigeria can be very proud is in the arts and entertainment industry, where talented Nigerians continue to show and exceed world-class performance standards, Vice President Yemi Osinbajo, has said. Prof. Osinbajo while receiving the cast....
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Minister lauds BPE, seeks support for NIPOST agenda

Minister lauds BPE, seeks support for NIPOST agenda

The Nigerian Postal Service (NIPOST) is being reformed to undertake e-commerce and e-government services, the Minister of Communications, Alhaji Abdur-Raheem Adebayo Shittu has said.   According to the Minister, the development is a strategic response to tech...
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FICAN honours NNPC boss

FICAN honours NNPC boss

The Finance Correspondents of Nigeria (FICAN) has lauded the Nigerian National Petroleum Corporation (NNPC) for growing the Nigerian economy through its operations in the upstream, midstream and downstream with transparency and integrity.  Chairman of FICAN, ...
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Edo proscribes road transport employers association

Edo proscribes road transport employers association

The Edo State Government has announced the immediate proscription of the state’s chapter of Road Transport Employers Association of Nigeria (RTEAN).    The association has been ordered to close their offices across the state.   A statement issued by the.....
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