CBN, APAAC partner to boost advertising

June 21, 2018 BluePrint Newspapers 0

Central Bank of Nigeria (CBN) has pledged to continue its support to the Advertising Practitioners’ Association, Abuja Chapter (APAAC) in a bid to grow the profession. The Director, Corporate Communications Department of CBN, Mr. Isaac Okorafor made the statement recently when he received the newly elected members of APAAC led by its Chairman, Alhaji Ibrahim Aliyu to his office recently. Read More

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NERC suspends IBEDC mgt over N5.7bn loan default

June 21, 2018 Tope Sunday. Abuja 0

The Nigerian Electricity Regulatory Commission (NERC) has suspended the Board of Directors and key management staff of Ibadan Electricity Distribution Company (IBEDC) over N5.7 billion loan balance d default. The Commission had earlier fined IBEDC a sum of N50million on the 18th September 2017 for non-compliance with Order No NERC/173/2017 directing the company to fully recover the outstanding sum of Read More

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OPEC’s ‘Declaration of Cooperation’ has benefited Nigeria – Kachikwu

June 21, 2018 BluePrint Newspapers 0

The Minister of State for Petroleum Resources, Ibe Kachikwu, said the oil and gas sector in Nigeria had witnessed positive transformation since the “Declaration of Cooperation” by OPEC and non-OPEC members. Mr. Kachikwu said this in an interview with journalists on the sidelines of the 7th OPEC International Seminar taking place in Vienna, Austria, with the theme “Petroleum: Cooperation for Read More

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Dangote pays 90% net profits as dividend

June 21, 2018 David Agba. Abuja 0

Shareholders of Dangote Cement on yesterday at the company’s 9th Annual General Meeting (AGM), held in Lagos were full of praise for the Board, Management and staff after approving the dividend payout of N10.50 per 50k share, representing 90 per cent of net profit and an increase of 23.5 per cent on the N8.5 per share paid last year. The Read More

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NSE compensates 17 investors for losses in 2017

June 21, 2018 BluePrint Newspapers 0

Nigerian Stock Exchange (NSE) says it compensated 17 investors who suffered pecuniary losses in the course of transactions with N6.39 million in 2017 under its Investors Protection Fund (IPF) initiative. In a data posted on its website yesterday, NSE said fewer number of claimants were compensated in 2017 compared to 59 investors compensated with a total of N18.92 million in Read More

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CBN pumps $210m into FX market

June 21, 2018 Benjamin Umuteme.Abuja 0

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market. In its desire to meet customers’ needs in the various segments of the market, the CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) Read More

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…Experts fault SGF’s exposure of anti-terror tactics

June 21, 2018 BluePrint Newspapers 0

Aviation security consultant and scribe of the Aviation Round Table (ART), Group Captain John Ojikutu (Retd) has flayed recent information put out by the Secretary to Government of the Federation (SGF) directing agencies in the aviation industry to beef up security, stating that the situation was supposed to be handled on a need to know basis instead of tipping the Read More

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ISIS threat: FAAN increases surveillance at airports

June 21, 2018 Ime Akpan 0

The Federal Airports Authority of Nigeria (FAAN) adopted some measures to strengthen surveillance at the major airports in the country following a recent report that the Islamic State of Iraq and Syria (ISIS) have been sneaking battle-hardened jihadist from Syria into Nigeria to train terrorists for possible attacks in Britain. It was reported that fanatics from Nigeria were also being Read More

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Airlines resolve to support anti-human trafficking initiatives

June 21, 2018 BluePrint Newspapers 0

The International Air Transport Association (IATA) has unanimously approved a resolution denouncing trafficking in persons, and committing to a number of actions related to anti-trafficking initiatives. IATA which made the resolution at its 74th Annual General Meeting (AGM) held recently in Sidney, Australia said estimated 24.9 million people are illegally trafficked and live in conditions of modern slavery. It stated Read More

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Airline resolve to support anti-human trafficking initiatives

June 21, 2018 Ime Akpan 0

The Nigerian Civil Aviation Authority (NCAA) has said that there are plans to review the provision of the Nigerian Civil Aviation Regulation (Nig. CARS) 2015 which prescribes at least two serviceable aircraft as condition for granting of Air Operator Certificate (AOCs) to commercial airlines. Speaking at the second Quarterly Business Breakfast Meeting 2018, organised by the Aviation Round Table (ART) Read More

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Akbar Al Baker chairs IATA board

June 21, 2018 BluePrint Newspapers 0

The International Air Transport Association (IATA) has announced the appointment of the group chief executive of Qatar Airways group chief executive, Mr. Akbar Al Baker as chairman of the IATA board of governors (BoG) for a one-year term effective from the conclusion of the 74th IATA Annual General Meeting in Sydney, Australia. Al Baker is the 77th chair of the Read More

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How IoT can lessen exploration failures

Improving the process of identifying and extracting what is below the earth’s surface for drilling contractors, geologists, resource companies, miners and the likes cannot be over emphasized, judging by the quality of time and resources which flows into exploration before the actual mining of natural resources. AYONI AGBABIAKA explains how the IoT can help solve the decades long problem of Read More

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Infrastructure investment, digital transformation priorities for telecom operators – TMT Finance

June 20, 2018 David Agba .Abuja 0

Accelerating digital transformation strategies, investing in new wireless and fixed network infrastructure, and embracing emerging technologies such as AI and IoT are among the top priorities for African telecom operators for the year ahead, according to global telecom, media and technology news and events company, TMT Finance. “Like many telecom operators globally, the major African operators are having to juggle Read More

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All Nigerians can’t be metered, Egbin power boss declares

June 20, 2018 BluePrint Newspapers 0

The Chairman of the Egbin Power Plc, Kola Adesina, has called on the federal government and operators in the power sector to address the challenges currently staring the power sector in the face. Adesina, who attributed the problems to “misalignment of vision, policies as well as non-consultation and inclusion of operators and stakeholders before a policy is implemented,” added that Read More

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Crisis looms at ECN over DG’s re-appointment

June 20, 2018 BluePrint Newspapers 0

Members of staff of the Energy Commission of Nigeria (ECN) yesterday expressed their displeasure over the reappointment of Professor Eli Bala as the Director-General of the commission. The Secretary, Association of Senior Civil Servants of Nigeria, ECN branch, Comrade Ibrahim Usman, who addressed a news conference in Abuja, appealed to President Muhammadu Buhari to reverse the appointment. Usman accused Bala Read More

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Blackout: National grid’s power generation increases to 3,876.9MW

June 20, 2018 Tope Sunday 0

Indications emerged yesterday that the power generation into the National Grid which dropped to 1,086 megawatts last weekend due to the rapture of pipeline has increased to 3,876.9MW. With the development, major cities in the country were in total darkness, and artisans lamented its untold hardship on their businesses. The increase in the power generation of 3,876.9mw was 2790.9mw above Read More

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Bus fare averaged N166.85in May – NBS

June 20, 2018 Benjamin Umuteme. Abuja 0

The National Bureau of Statistics (NBS) in a new report revealed that average fare paid by commuters for bus journey within the city increased by 0.53% month-on-month and 32.71% year-on-year to N166.85 in May 2018 from N165.94 in April 2018. In his transport fare watch for May report, Abuja had the highest bus journey fare within city (N325.23), Cross River Read More

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Shipping lines may not require rotation number at Lekki port – Expert

June 20, 2018 BluePrint Newspapers 0

A logistics expert and lecturer at the Lagos Business School (LBS), Dr. Frank Ojadi, has said that ships that would call at the Lekki deep seaport located at the Lekki Free Trade Zone, when completed, would not experience delay associated with the issuance of rotation number by Customs to shipping lines. Port authorities, especially the customs issues rotation number to Read More

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Adeosun wants authentication of TTCs before payment

June 20, 2018 David Agba. Abuja 0

The Federal Government has mandated all Ministries, Departments and Agencies of government (MDAs) and the Federal Inland Revenue Service (FIRS) to authenticate all Tax Clearance Certificates (TCCs) presented by companies and individuals engaged in public procurement processes before payments are made. In a statement signed by Special Adviser, Media & Communications to the minister, Oluyinka Akintunde, the directive became necessary Read More

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Logistics infrastructure Nigeria’s biggest challenge to trade – Madu

June 20, 2018 BluePrint Newspapers 0

The Chief Executive Officer and Programme Director of Multi-Mix Academy, Dr. Obiora Madu, in this interview, said the maritime industry performed below expectation in implementing the Executive Order on the Ease of Doing Business one year down the line. It has been a year since the federal government signed the Executive Order on the Ease of Doing Business Initiative aimed Read More

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20 German coys seek investments in Nigeria

June 20, 2018 BluePrint Newspapers 0

No fewer than 20 German firms are in Nigeria to explore investment opportunities. The Chief Executives of the visiting firms, led by the Minister of Industry, Trade and Investments, Okechukwu Enelamah, yesterday paid a courtesy visit to Vice President Yemi Osinbajo to obtain first-hand information on the various investment opportunities. According to Mr Enelamah, the delegation came from Bavaria, the Read More

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Genesys pioneers new customer experience with G-Summit road show

June 20, 2018 David Agba. Abuja 0

South African enterprises will get a glimpse of the revolutionary future of customer experience next month, when Genesys, an international leader in omnichannel and contact centre solutions, brings G-Summit. G-Summit South Africa, part of the global G-Summit series, is a must-attend CX summit for enterprises aiming to take their contact centres, service centres and overall CX to the next level. Read More

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Port Harcourt DisCo explains blackout in 4 states

June 20, 2018 BluePrint Newspapers 0

The Port Harcourt Electricity Distribution Company (PHED) has blamed the persisting blackout in Akwa Ibom, Bayelsa, Cross River and Rivers states on ruptured gas-bearing pipelines to power stations. The Manager of Corporate Communications of the company, John Onyi, made this known in a statement yesterday in Port Harcourt. He, however, assured that the company was taking steps to quickly restore Read More

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FG released N1.580trn capital vote to MDAs in 2017 – Adeosun

June 20, 2018 Benjamin Umuteme. Abuja 0

The federal government has announced that a total of N1,580,270,755,084.44 trillion capital cost was released to Ministries, Departments and Agencies for the 2017 federal budget. A statement signed by Director (Information), Hassan Dodo, the Minister of Finance, Mrs. Kemi Adeosun made this known yesterday in Abuja, that the N1,580 trillion total capital releases for 2017 is remarkably higher than the Read More

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Buhari signs 2018 budget, says “NASS cut everything”

President Muhammadu Buhari on Wednesday signed into law the 2018 Appropriation Bill of N9.12 trillion, seven months after the estimate was submitted to the National Assembly. The federal government approved N8.612 trillion but the lawmakers increased it to N9.12 trillion. The lawmakers also increased the crude oil benchmark for the budget from $45 per barrel to $50.5 per barrel. Speaking Read More

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