Nigeria Archives — Page 653 of 656

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...

December 7, 2015 No Responses

Govt proposes partial for refineries

As part of measures to operate refineries as profitable ventures, the Federal Government has concluded plans to grant semi-autonomy to the entities. Meanwhile, the Federal Government has expressed its readiness to raise funds from international investors an...

December 5, 2015 No Responses

MTN to pay N780b, not N647b, says NCC

The Nigerian Communications Commission has clarified that the fine of N1.04trillion imposed on the MTN Group was reduced by 25 per cent, and not 35 per cent as initially reported. According to NCC, the company will now have to pay...

December 5, 2015 No Responses

NIMASA shuts Jetties in Port Harcourt, Calabar

The Nigerian Maritime Administration and Safety Agency (NIMASA) exercising its powers as the Designated Authority (DA) for the implementation of the International Ship and Port Facility Security (ISPS) Code has shut the Magcobar Manufacturing Limited jetty at ...

December 4, 2015 No Responses

Super Eagles drops to 66th position

The Super Eagles of Nigeria have dropped seven places to 66th in the latest Fifa world ranking released on Thursday morning. The Super Eagles gathered a total of 541 points to fall to no. 14 in Africa behind Cote d’Ivoire,...

December 4, 2015 No Responses

FAAN pledges more allowances for staff

The management of the Federal Airports Authority of Nigeria (FAAN) has agreed to increase allowances and claims for workers in the agency. This was contained in a communiqué singed by leaders of three aviation unions and the management team of...

December 4, 2015 No Responses

FG reduces MTN fine to N674b

The Federal Government through the Nigerian Communication commission (NCC) has reduced MTN fine from N1.otrillion to N674 billion. Meanwhile, the South African telecommunication giant has announced the resignation of the head of its Nigerian operations, Mi...