News Archives — Page 655 of 667

July 5, 2016 No Responses

25 ships expected in Lagos Ports

Twenty five ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos State. According to the Nigerian Ports Authority (NPA), the expected ships contained buck wheat, bulk sugar,...

July 4, 2016 No Responses

Partnership with maritime nations key to economic growth, says NIMASA DG

COLLABORATION with various stakeholders across the globe is fundamental to unlocking the maritime opportunities in Nigeria, Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside has said Welcoming the Acting Chinese Co...

July 4, 2016 No Responses

Haastrup seeks support for ADR mechanism

THE Chairman of Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has commended the use of arbitration, mediation and other forms of Alternative Dispute Resolution (ADR) in settling commercial disputes in the maritime industry...

July 4, 2016 No Responses

Oando explains ‘facts behind the figures’

Top management staff of Oando Plc will today, July 4th, 2016 address Capital Market Stakeholders ‘with a Facts Behind the Figures Presentation and also sound the Closing Gong’. A team from City BusinessNews will be on ground to provide our...

July 4, 2016 No Responses

Six Convicted for Conspiracy, Forgery, Counterfeiting, says Customs

Six persons accused of conspiracy, forgery and counterfeiting by the Nigeria Customs Service have been convicted by the Federal High Court, Lagos. The suspects were charged to court in 2013 and arraigned with a five count charge before Honourable Justice...

July 4, 2016 No Responses

NPA set aside N241m for foreign medical expenses

THE Nigerian Ports Authority (NPA) is to spend N241 million before the end of this year on foreign medical expenses. The sum form part of the N382 million the parastatal has budgeted to cater for its medical expenses within the...

July 2, 2016 No Responses

Haastrup seeks support for ADR mechanism

THE Chairman of Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has commended the use of arbitration, mediation and other forms of Alternative Dispute Resolution (ADR) in settling commercial disputes in the maritime industry...

July 2, 2016 No Responses

FRSC explains alternative routes along Lagos-Ibadan expressway

THE Lagos Sector Command of Federal Road Safety Corps (FRSC) has advised motorist who intend plying the Lagos-Ibadan Expressway between 1st to 3rd July, 2016 to either move early or take alternative routes to avoid being trapped in traffic along...

July 2, 2016 No Responses

$11.117 b Lagos-Calabar rail contract to be ready in two years, says Amaechi

THE Federal Government has signed $11.117b contract agreement with the China Civil Engineering Construction Company (CCECC) for the construction of the Lagos-Calabar railway line. According to the minister of Transportation, Rotimi Amaechi, the first seg...

December 8, 2015 No Responses

Buhari opposes social media bill

Citing the commitment of his administration to protect free speech in keeping with democratic tradition, President Muhammadu Buhari has pledged not to assent any legislation that might be inconsistent with the constitution. Reacting to the public outcry agai...

December 8, 2015 No Responses

FG Proposes N6tri Budget For 2016

For the fiscal year 2016, the Federal Government has proposed a budget of N6 trillion, allocating 30 percent of the budget to capital expenditure. It has also approved and submitted the Medium Term Expenditure Framework ( MTEF), to the National...

December 8, 2015 No Responses

Oando gets approval to raise N80b

Shareholders of Oando Nigeria Plc have approved the company’s quest to raise N80 billion by way of rights issue to existing shareholders. The shareholders also approved plan to divest any or all shareholding and investment in the downstream business...

December 7, 2015 No Responses

NAICOM delists 108 insurance brokers

The National Insurance Commission has removes 108 insurance brokers, out of the list of 421 licensed practitioners operating in the country, for failing to renew their licences. Sources from NAICOM told The Punch that the affected brokers had been operating...