Business

Evacuation: UK denies Air Peace landing right

July 13, 2020 Tope Sunday 0

The planned evacuation of stranded  Nigerians in the United Kingdom has suffered a setback as British authorities  denied a Nigerian airline, Air Peace, landing permit. The evacuation flight, earlier scheduled to depart London Heathrow airport Monday, is now rescheduled for Gatwick airport Tuesday. This is coming against the backdrop of the evacuation of about 2,000 British nationals from Nigeria by British Airways after receiving special landing rights Read More

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Ibadan Dry Port: FG, CRCC consortium talks near end

July 12, 2020 David Agba 0

A major milestone is being witnessed as the negotiation between the federal government and CRCC, the preferred bidders for the construction of the Ibadan Inland Dry Port is nearing completion. Nigerian Shippers’ Council is the guarantor to the concession, an eighty thousand (80,000) TEU capacity dry port to be built on the basis of Public Private Partnership (PPP) agreement in Read More

SEC, NITDA to partner on data protection

July 12, 2020 Benjamin Umuteme 0

The Securities and Exchange Commission, SEC has restated its preparedness to collaborate with the National Information Technology Development Agency (NITDA) to foster safe conduct of transactions and usage of personal data in the Nigerian capital market. Director General of the SEC, Mr. Lamido Yuguda stated this during a webinar on Nigerian Data Protection Regulation and it effect on the Nigerian Read More

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Forex scarcity forces Naira to 3-year low against US Dollar

July 12, 2020 Segun Odunewu 0

Due to pressure on the black market occasioned by forex scarcity, the exchange rate at the parallel market fell to another 3-year low at the weekend, closing at N465/$1 as against the N461/$1 it started with. However, on the officially recognized NAFEX Market, the Forex turnover was somewhat stable with only a slight drop of 0.08 per cent as the exchange rate Read More

Federal, states’ debt stock stands at N28.63trn Q1

July 12, 2020 Amaka Ifeakandu 0

Federal and states governments debt stock data at the end of first quarter 2020 stood at N28.63 trillion.National Bureau of Statistics (NBS) report for the month of July showed that further disaggregation of Nigeria’s total public debt showed that N9.99 trillion or 34.89% of the debt was external while N18.64 trillion or 65.11% of the debt was domestic.Similarly, states and Read More

Operators call for assessment of capital market master plan implementations

July 12, 2020 Amaka Ifeakandu 0

Financial operators have urged the new management of the Securities and Exchange Commission (SEC) to assess the implementation of the capital market master plan to know the outstanding issues and update the roadmap.Operators said that assessment of the implementation of the master plan became necessary at this time to enable the new  Director-General of the SEC, Lamido Yuguda and other Read More

Dangote Cement kicks off nationwide promo

July 12, 2020 David Agba 0

Previous winners of star prizes in the Bag of Goodies national consumer promo Season 1 done by Dangote Cement Plc in 2019 have expressed huge excitement over the approaching Season 2 version, which is billed to take off nationwide in this month of July. The star winners, among the 40 lucky individuals across Nigeria who were each presented with a Read More

Women group tasks FG on modular refineries, others

July 11, 2020 Eleojo Idachaba 0

The Women in Energy Network (WIEN) has urged the federal government to explore the encouragement of modular refineries as a means of boosting local refining capacity of petrol. The association in its position on the downstream oil sector which was addressed to the chairman, Senate Joint Committee on Petroleum Resources also stated that government should pursue a deliberate policy of Read More

WTO top job: Atiku backs Okonjo-Iweala

July 11, 2020 Editor 0

Former Nigeria’s Minister Dr. Ngozi Okonjo Iweala has secured the support of erstwhile Vice President Atiku Abubakar for the post of Director-General of the World Trade Organisation (WTO). Atiku who spoke via his twitter handle on Saturday said, “Dr. Okonjo-Iweala’s experience and the enormous related works she has done confirms without equivocation that her leadership shall be a blessing to Read More

COVID-19: How FG, Nigerians can explore block chain options to fight poverty, revive economy – Expert

July 11, 2020 Editor 0

A versatile economic expert, Amos Sewanu Omotade-Sparks, has advocated for more economic diversification as vital means of overcoming downturn occasioned by the rampaging coronavirus pandemic. Omotade-Sparks who spoke in an interview in Abuja said time has come for Nigerians and Nigeria to expand their frontiers of financial opportunities in a bid to avert looming recession. He noted that the blockchain Read More

Breaking: At last, Buhari signs revised 2020 budget into law

July 10, 2020 Editor 0

President Muhammadu Buhari has just signed the revised N10.8 trillion 2020 budget into law. Signing the document inside the Council Chambers of the Presidential Villa, in the presence of top government officials including Vice President Yemi Osinbajo, Secretary to the Government of the Federation (SGF) Boss Mustapha and National Assembly leadership, Buhari explained the reason behind the revised budget. He Read More

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CISLAC tasks FG on tax reform for efficiency

July 10, 2020 Adeola Tukuru 0

The Civil Society Legislative Advocacy Centre (CISLAC) has called for an overhaul of Nigeria Tax System for efficiency. The Centre said these will strengthen the tax administration with the view to expanding the tax based of the country as well as expanding revenue scope to bring more taxable people and businesses into the tax net. The Program Manager, Chinedu Bassey Read More

NIPC staff cripples activities over poor working conditions, demand sack of executive secretary

July 10, 2020 Adeola Tukuru 0

A mild drama played out on Thursday at the Head office of the Nigerian Investment Promotion Commission (NIPC) when it staff crippled activities over alleged poor working conditions and institutional failures. Blueprint observed that the staff barricaded the main entrance of the commission thereby preventing everyone from having access to the building. Staff and non-staff of the commission trying to Read More

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If the insured pays reasonable premium, underwriters’ll be reasonable when claims arise – Unitrust boss

July 10, 2020 EDET UDOH 0

The Managing Director/Chief Executive, Unitrust Insurance Company Limited, Mr. John Ijerheime, in this interview with EDET UDOH, speaks on his company’s recapitalisation plans and other issues affecting the industry. The nation’s insurance industry is embarking on a major project of recapitalisation, which many have said holds the future for the business, what is your take on this? The recapitalisation exercise Read More

Recruitment: Chevron speaks up

July 10, 2020 David Agba 0

By Chevron Nigeria Limited (CNL), operator of the NNPC/CNL Joint Venture, is aware of the circulation of false recruitment information posted by unscrupulous persons and organizations in the name of CNL in several media and online channels, advertising job positions in CNL. Additionally, fraudulent job offers have reportedly been sent through emails, text messages and phone calls by individuals purporting Read More

Why agric devt is stifled – Expert

July 10, 2020 David Agba 0

The Chairman, National Heads of Colleges of Agriculture and Related Disciplines (NACHCARD), Dr Oluyemi Akande has identified the lack of soil survey and mapping, traditional farming, lack of proper irrigation system and lack of transport and market as some of the problems hampering agricultural development in Nigeria. He stated this while briefing the media in Abuja on Thursday. According to Read More

Governors to be part of national economic sustainability plan implementation – Osinbajo

July 9, 2020 Abdullahi M. Gulloma 0

Some governors would soon join the Economic Sustainability Committee as the implementation of the plan proceeds, Vice President Yemi Osinbajo, said on Thursday.Osinbajo said this at the virtual meeting of the National Economic Council (NEC) at the Presidential Villa in Abuja. The governors had made a presentation at the NEC on how the state governments can collaborate effectively with the Read More

Finance Minister reveals when Buhari ‘ll present 2021 budget. consults NASS leadership on 2021-2023 MTEF/FSP

July 9, 2020 Taiye Odewale 0

The Minister of Finance, Budget and National Planning, Dr. Zainab Shamsuna Ahmed, on Thursday met with the leadership of the National Assembly on plans to submit the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) later this month.  The Minister while briefing principal officers of the Senate and House of Representatives led by the Senate President, Ahmad Lawan, Read More

NNPC: Don’t replace Mahmoud Attah, Northern parliament begs Buhari

July 9, 2020 AbdulRaheem Aodu 0

Northern Parliament has urged President Muhammadu Buhari not to allow people with parochial interest tamper with the list of NNPC board members as announced by his government, particularly the rumoured replacement of Alhaji Mahmoud Adamu Attah.  Addressing correspondent on Thursday in Kaduna on their open letter to President Buhari, Speaker of the Northern parliament, Dr Awwal Aliyu, and the Secretary, Read More

Mission to upgrade seafarers centre in Apapa

July 9, 2020 David Agba 0

  The Mission to Seafarers (MTS) in Lagos has restated its commitment to the welfare of seafarers with a promise to upgrade the Seafarers Centre in Apapa into a world class standard. This is just as the Mission said it is working to develop a comprehensive database of seafarers on vessels calling at the Nigerian ports to address the severe Read More

14 bodies recovered from Benue River boat mishap

July 9, 2020 David Agba 0

  No fewer than 14 bodies have been recovered from the Benue River boat mishap which occurred on Sunday. According to Police Public Relations Officer (PPRO) of Benue Police Command, DSP Catherine Anene, in a statement in Makurdi, the ill-fated boat had on board 23 members of Evangelical Church Winning All (ECWA) in Adeke community, Makurdi, when the incident happened. Read More

World’s largest containership calls at east China harbor

July 9, 2020 David Agba 0

The world’s largest containership, HMM GDANSK, called at the port of Xiamen in east China’s Fujian Province on Tuesday. The 399.99-meter-long ship has a capacity of 24,000 TEUs, with a total carrying capacity of 224,900 tonnes. HMM GDANSK is a new ship to join the “Silk Road Shipping,” an alliance jointly initiated in late 2018 by dozens of ports, carriers Read More

Breaking: Buhari signs revised 2020 budget Friday

July 9, 2020 Editor 0

President Muhammadu Buhari will on Friday sign into law the revised 2020 budget passed by the National Assembly in June. This was made known by the official Twitter handle of the Presidency, Thursday night. The information reads, “President @MBuhari will tomorrow, Friday July 10, 2020, sign into law the revised 2020 budget passed by the National Assembly last month.”

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Stakeholders want CBN, NCDMB, BoI to probe LADOL’s investments

July 9, 2020 Suleiman Idris 0

Stakeholders in the Nigerian maritime, as well as the oil and gas sector, have called on the Central Bank of Nigeria (CBN), Bank of Industry (BoI), and the Nigerian Content Development and Monitoring Board (NCDMB) to probe the utilisation of the funds they provided to support the Lagos Deep Offshore Logistics (LADOL) base.  The stakeholders said that the investments on Read More