Nigeria Archives — Page 522 of 636

May 23, 2017 No Responses

Obaseki shuts down Edo Line, relocates staff to ministry of transport

Edo State Governor, Mr. Godwin Obaseki has shut down state-owned transport outfit, Edo line, indefinitely and directed that its staff be relocated to the Edo State Ministry of Transport. The governor gave this directive in Benin as he paid an...

May 23, 2017 No Responses

Heritage Bank partners RIMAN on best practice in risk management

Heritage Bank Plc has entered into strategic partnership with Risk Management Association of Nigeria (RIMAN) to promote global best practices in the implementation of risk management for safer and stronger financial institution. President of RIMAN, Mr Jude Mon...

May 23, 2017 No Responses

‘Reps attempt to amend NLNG Act without shareholders’ involvement borders on illegality’

An amendment to the Nigeria LNG Limited (NLNG) (Fiscal Incentives, Guarantees and Assurances) Act without following the laid down process stipulated in the Act for any amendment would be contrary to the Rule of Law, said General Manager, External Relations...

May 23, 2017 No Responses

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...

May 23, 2017 No Responses

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...

May 23, 2017 No Responses

19 killed, 50 injured in Manchester Arena blast

(BBC) Nineteen people have been killed and about 50 injured in a suspected terror attack at Manchester Arena. The blast happened at 22:35 BST on Monday following a pop concert by the US singer Ariana Grande. PM Theresa May said...

May 23, 2017 No Responses

NSE Photo News

L – R: Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Oscar N. Onyema, OON, Chief Executive Officer, NSE; Mr Olusegun Awolowo; Executive Director/CEO NEPC and Mr George Enyienkon, Director Export Develo...

May 22, 2017 No Responses

Dangote Flour unveils new pasta, declares N11.82b profit after tax for 2016

For the year ended December 31, 2016, Dangote Flour Mills Plc has declared profit before tax of N11.82billion The Chairman of Dangote Flour Mills, Asue Ighodalo, while addressing shareholders at the 11th Annual General Meeting in Lagos said “Despite the...

May 22, 2017 No Responses

‘Embracing animation technology will boost Nigeria’s entertainment industry’

The Minister of Information and Culture, Alhaji Lai Mohammed, has made a strong pitch for Nigeria to embrace the growing Animation technology in order to benefit from what has become a $300-billion industry and which represents 25% of the global audiovisu...

May 22, 2017 No Responses

S&P assigns B/B ratings, stable outlook on uba

International Rating Agency, Standard and Poor’s (S&P) has assigned its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial instit...

May 22, 2017 No Responses

Apapa road: Minister blames inadequate budgetary allocation, explains proposed N100b

The reconstruction of Seaports access roads in Lagos State is a priority to the Federal Government, Minister of Power, Works and Housing Mr Babatunde Fashola has said. In an interactive session with Journalists in Abuja after the ministry’s retreat,...

May 22, 2017 No Responses

‘Amendment of NLNG Act will discourage foreign direct investment’

The amendment of the Nigeria LNG Limited (NLNG) Act (Fiscal, Guarantees, Assurances, and Incentives) by the House of Representatives on May 9, 2017 will subject the company to more than just the 3% Niger Delta Development Commission (NDDC) levy due...

May 22, 2017 No Responses

TNL Photo News

Managing Director of Toyota Nigeria Limited (TNL), Kunle Ade-Ojo (Left), emphasisng a point to CNN’s Richard Quest, during an interview session in Lagos, recently.

May 21, 2017 No Responses

NDDC to cancel N200b projects

As part of measures to reduce its project-carrying capacity to a manageable size, the Niger Delta Development Commission (NDDC) at the weekend threatened to expunge N200b worth of projects from its book. Speaking during a visit to the Governor...