Critical role of Seaports in economic development, by NPA boss

Critical role of Seaports in economic development, by NPA boss

The strategic role of ports in economic development is that they function as gateways to international trade and are regarded as major accelerators of local economic development, the Managing Director of Nigerian Port Authority (NPA), Hadiza Bala Usman has said....
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NPA deploys $30m tug boats, reiterates commitment to operational efficiency

NPA deploys $30m tug boats, reiterates commitment to operational efficiency

Citing need for greater operational efficiency at the nation’s Seaports, the Nigerian Ports Authority (NPA) on Wednesday in Lagos commissioned four new tug boats valued at $30 million.     Christened Mt. Daura, Mt. Ubima, Mt. Uromi and Mt. Majiya, the...
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Presco emerges winner of CSR award

Presco emerges winner of CSR award

Presco Plc has emerged winner of Corporate Social Responsibility (CSR) agriculture award for the year 2016 and 2017.   At a colourful ceremony held on Wednesday in Lagos, Presco Plc was announced winner ahead of other nominees such as British...
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Ecobank to sack more workers

Ecobank to sack more workers

Inline with plans to close some branches, Eco Bank has resolved  to sack more of its workers.   Under the arrangement, Eco Bank is to step up its digital platforms as part of measures to cut cost and ensure efficiency....
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FPSO vessel to berth at LADOL’s multi-purpose facility in September

FPSO vessel to berth at LADOL’s multi-purpose facility in September

Arrangements are in top gear to receive Egina Floating Production Storage and Offloading (FPSO) Vessel at Lagos Deep Offshore Logistics Base (LADOL) facility in September.    FPSO is a floating vessel located near an oil platform, where oil is processed...
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Fero Mobile begins nationwide activation campaign

Fero Mobile begins nationwide activation campaign

Following the successful launch of its mobile phones into the Nigerian market, Fero Mobile has embarked on a nationwide activation campaign to showcase the full range of its affordable devices to consumers. The brand will be visiting ICT markets, shopping...
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CBN sanctions First Bank, GTB, others over alleged forex infractions

CBN sanctions First Bank, GTB, others over alleged forex infractions

The Central Bank of Nigeria (CBN) on Tuesday barred 15 commercial banks from dealing in foreign exchange through the recently created Small and Medium Enterprises (SMEs) wholesale forex window.  According to the CBN, the decision which is with immediate effec...
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NECA  explains inability to pay national minimum wage

NECA explains inability to pay national minimum wage

Nigeria Employers’ Consultative Association (NECA) has urged Stakeholders in the Socio-labour community and players in the Nigerian Industrial Relations’ System to be circumspect in their approach to the heated issue on the review of the National M...
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2,000 seafarers affected by Piracy in West Africa in 2016, says report

2,000 seafarers affected by Piracy in West Africa in 2016, says report

There was a 57 percent rise in the number of seafarers affected by piracy in West Africa in 2016, a report on the state of maritime piracy released by the Oceans Beyond Piracy (OBP) programme has indicated. Last year’s rise in...
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WestBlue boss, Valentina Mintah wins CEO of the year award

WestBlue boss, Valentina Mintah wins CEO of the year award

Foremost Internationally acclaimed IT and Trade Development Consultant, Ms. Valentina Mintah, has been crowned as Business and ICT Consulting CEO of the Year at the 7th Ghana Entrepreneur & Corporate Executive Awards tagged Ghana @ 60 Edition held in Accra...
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NSE Photo News

NSE Photo News

L – R: Tony Ibeziako, Head, Domestic Primary Markets, The Nigerian Stock Exchange (NSE); Haruna Jalo-Waziri, Executive Director, Capital Markets Division, NSE; Engr. Abdullahi Sule, Ag. Group Managing Director, Dangote Sugar Plc and Bennedikter Molokwu, Non-...
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Nigeria LNG exports landmark 4000th cargo

Nigeria LNG exports landmark 4000th cargo

Nigeria LNG Limited (NLNG) on Monday, May 1st, 2017 reached another major milestone with the exportation of its 4000th cargo of Liquefied Natural Gas (LNG) from its Bonny Island Terminal in Rivers State to Mamara LNG Terminal in Turkey, which...
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Osinbajo: Nigeria’ll become self-sufficient in Rice production in 2018

Osinbajo: Nigeria’ll become self-sufficient in Rice production in 2018

Nigeria will become self-sufficient in rice production by the end of 2018, Vice President Yemi Osinbajo has said.   Speaking on Monday at the Platform, a yearly conference organised by the Christian Covenant Centre, in Lagos, Osinbajo said: “If all...
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FG pledges speedy passage of new wage bill as workers demand N65,000  minimum montly salary

FG pledges speedy passage of new wage bill as workers demand N65,000 minimum montly salary

The Federal Government on Monday in Abuja assured workers of speedy passage of the new National Minimum Wage.   Meanwhile, workers under the aegis of  Nigeria Labour Congress (NLC) and Trade Union Congress (TUC)  asked employers for a review of...
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