IPMAN wants DPR to clampdown on fake lubricants’ manufacturers

August 17, 2018 BluePrint Newspapers 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Department of Petroleum Resources (DPR) to clampdown on producers and marketers of fake and adulterated lubricants nationwide. IPMAN, Chairman, Western zone, Alhaji Debo Ahmed, , made the appeal yesterday in Lagos, said the plea became necessary for the agency to eliminate fake and low quality lubricants and minimise their Read More

Sanction MDAs that flout financial regulations, CSOs tell Buhari

August 17, 2018 Benjamin Umuteme .Abuja 0

A coalition of Civil Society Organisations (CSOs) has called on President Muhammadu Buhari to urgently sanction Ministries, Departments and Agencies (MDAs) that been indicted of violating financial regulations. Briefing journalists on the “imperative of the return to good governance issues; the Executive Director of Civil Society Legislative and Advocacy Centre (CISLAC), Auwal Musa noted that despite the Auditor General of Read More

CBN, financial institutions to introduce savings account for financial inclusion – SANEF

August 17, 2018 BluePrint Newspapers 0

The Central Bank of Nigeria (CBN) and some other financial institutions have designed a government savings account to capture financially excluded Nigerians into the banking system. The Shared Agent Network Expansion Facility (SANEF) report, disclosed that the savings account would have features of insurance, pension and micro credit. SANEF is a project powered by the CBN, commercial banks, Nigeria Interbank Read More

NPC approves advisers for privatised firms

August 17, 2018 Benjamin Umuteme .Abuja 0

The National Council on Privatisation (NCP) has approved the appointment of Advisers for three transactions undertaken by the Bureau of Public Enterprises (BPE) for the current year (2018) as part of the reform strategy of the Federal Government. They are the partial commercialisation of the River Basin Development Authorities (RBDAs), partial commercialisation of the National Parks Service and the seven Read More

Sifax Group, Gambia strike deal on multimillion dollars dry port

August 17, 2018 Ajibola Abayomi. Lagos 0

Gambian government and Nigeria’s foremost port concessionaire, Sifax Group has entered into a Memorandum of Understanding (MoU) over the operation of a multimillion dollars dry port facility in the country. The dry port is to be in the capital, Banjul. According to a statement signed by Sifax Group Spokesman, Muyiwa Akande, the multi-national company with interests in maritime, aviation, haulage Read More

Eko Atlantic: NPA accuses Lagos of encroaching on its land

August 17, 2018 BluePrint Newspapers 0

Officials of the Nigerian Ports Authority (NPA) on Wednesday engaged Lagos State Government officials in a heated debate at the National Assembly, Abuja over the ownership of 11 hectares of land in the upscale Eko Atlantic City, Victoria Island, Lagos. The NPA officials, led by the Executive Director, Engineering and Technical Services, Professor Idris Abubakar, while speaking at an investigative Read More

FG reinstates controversial $195m maritime security contract

August 17, 2018 David Agba .Abuja 0

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA) Dakuku Peterside, says the federal government has reinstated the controversial maritime security contract, three months after it announced terminating it. The security contract being championed by the Transportation Minister, Rotimi Amaechi, was awarded to an Isreali firm, HLSL Security Systems and Technologies at the cost of $195 million (about N60 billion) Read More

Insurer unveils new service to industry offerings

August 17, 2018 BluePrint Newspapers 0

AXA Mansard Plc has launched the First Responder Service, which aims to support customers whose vehicles are insured with the company whenever they are involved in road accident. The service is an initiative, meant to provide immediate assistance to customers on AXA Mansard’s retail motor insurance plan at the scene of an accident. The service also aims to reduce turnaround Read More

Firm boosts sector’s growth with N12.8bn profit

August 17, 2018 BluePrint Newspapers 0

Royal Exchange Plc has reported a gross written premium of N12.8 billion from its business activities in the year ended December 31, 2017, compared to N12.5 billion in 2016. The company said its net premium income for the 2017 financial year amounted to N7.1 billion, while underwriting profit amounted to N7.6 billion in the financial year under review. The total Read More

FG appeals for adoption of life insurance

August 17, 2018 BluePrint Newspapers 0

With various development initiatives in the country, Nigerians need to build up a solid financial plan for future through life insurance planning, the federal government has appealed. The Minister of Finance, Kemi Adeosun, disclosed this at the third NAIPCO conference, with the theme: “The Role of Stake Holders in Developing Insurance and Pension Sectors. The minister, who was represented by Read More

Linkage Assurance gets nod to underwrite agric insurance

August 17, 2018 BluePrint Newspapers 0

Underwriting firm, Linkage Assurance Plc has secured the approval of the National Insurance Commission (NAICOM) to underwrite agric insurance in the industry. The ‘no objection’ nod would enable the firm support the farmers and service providers in the agricultural value chain for greater sustainability and economic growth. Among the products approved include Linkage Assurance Crop Insurance Solutions; Linkage Assurance Farm Read More

National blackout imminent, GENCos threaten power plants shut down

August 17, 2018 Tope Sunday. Abuja 0

The electricity generating companies (GENCOs) yesterday issued a notice of an impending shutdown of their power plants nationwide. With the warning, nationwide blackout is imminent in Nigeria. The Executive Secretary, Association of Power Generation Companies (APGC), Joy Ogaji, who issued the notice in a statement, blamed the Transmission Company of Nigeria (TCN) for their action. Ogaji, who did not disclose Read More

INTELS is investing a lot to empower women

August 16, 2018 samben 0

Ogbuenyi Evelyn Okwudili is a beneficiary of INTELS Nigeria Limited’s Women Empower- ment Programme Synergy Scheme (WEPSS). In this interview, she speaks on her strug- gles to acquire a vocational skill when her academic aspirations were cut short You emerged as the best graduating trainee at INTELS Women Empowerment Programme Scheme Synergy (WEPSS) training. Can you give an insight into Read More

pledges to complete second phase of road project in Adamawa

August 15, 2018 Helen Oji. Abuja 0

The federal government has pledged to the people of Bangole – Kofare Community of Yola LGA Adamawa state that the second phase of the Project, which is to lay asphalt on the road will be done. The Minister of Health, Professor Isaac Adewole stated this during the commissioning of flood and erosion project in Bangole – Kofare LGA in Adamawa Read More

Forex: Wholesale market, others get $210m CBN boost

August 15, 2018 David Agba .Abuja 0

The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting yet another sum of $210,000,000 into various sums of the market on Tuesday, August 14, 2018. At Tuesdays trading, the Bank offered the sum of $100,000,000 as wholesale interventions and allocated the sum of $55,000,000 each for Small and Medium Enterprises (SMEs) Read More

Youths scoping oil from ground

Oil investors fear Iran sanctions may see oil at $150

August 15, 2018 BluePrint Newspapers 0

Clouds are gathering over the outlook for the oil market as trade tensions and rising crude supply threaten to swamp demand growth. However, some of the world’s most prominent energy investors are convinced the price will return to record highs at $150. The escalating trade war between the United States and China threatens global growth. The physical markets are already Read More

Nigeria: NEITI moves operations to commodity trading

August 15, 2018 Benjamin Umuteme .Abuja 0

Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that it will expand its operations in the oil and gas industry to cover Commodity Trading. NEITI’s Executive Secretary, Waziri Adio made the disclosure at a workshop for relevant government agencies and oil trading companies in Abuja recently. The Executive Secretary represented by the Director, Communications and Advocacy, Dr. Orji Ogbonnaya Orji Read More

DMO puts Nigeria’s total debt at N22.38trn

August 15, 2018 BluePrint Newspapers 0

Debt Management Office (DMO) yesterday disclosed that Nigeria’s total debt stock as at June this year stands at N22.38 trillion. This figures show that the total public debt which encompasses the domestic and external debt stock of the federal and 36 state governments and the Federal Capital Territory stands at N22.38 trillion or $73.21 billion as at June 30, 2018. Read More

NLC’s picketing of MTN violates global ILO rule – Official

NLC to Buhari: Fulfill your promise to Western Sahara

August 15, 2018 Moses John . Abuja 0

President of the Nigeria Labour Congress, Comrade Ayuba Wabba, has called on President Muhammadu Buhari, to honour his pledge to assist Western Sahara gets their independence from Morocco. Wabba, who made this call this when he spoke in Abuja at a forum tagged: Nigeria in the Struggle for the Liberation of Western Sahara, that it’s unfair that Nigeria government continues Read More

Amend constitution to check defection- Textile workers

August 15, 2018 BluePrint Newspapers 0

The National Union of Textile Garment and Tailoring Workers of Nigeria, has warned that the ongoing Executive/Legislature face-off would undermine good governance and democracy in the country if not immediately checked. General Secretary of the union, Comrade Issa Aremu, gave the warning at the unveiling of the 40th Anniversary Logo of Textile Union in Kaduna. To this end, he said Read More

NLC’s picketing of MTN violates global ILO rule – Official

NECA establishes certification body for Nigerian products

August 15, 2018 Moses John . Abuja 0

The Nigeria Employers’ Consultative Association, has established the first global indigenous certification body to make Nigeria products and services acceptable globally. The body, NECA’s Global Certification Limited (NGCL), was established with the supports of the European Union and the United Nations Industrial Development Organisation (UNIDO). The target, according to the Director General Designate, NECA, Mr Timothy Olawale, is to enhance Read More

Nigeria borrows N410bn for capital projects in 2018 budget – DMO

August 15, 2018 BluePrint Newspapers 0

The federal government sourced about N410 billion funding from the domestic financial market to finance the 2018 capital budget, the Debt Management Office (DMO) said on Tuesday. About $3 billion was raised through Eurobond to refinance maturing domestic debts as part of the debt management strategy to replace high-cost domestic debt with lower external debt. The Director General of the Read More

health care

ICRC trains 50 workers on treatment of casualties

August 15, 2018 John Oba .Abuja 0

The International Committee of the Red Cross (ICRC) in collaboration with the Federal Ministry of Health has commenced the training of nearly 50 surgeons and health care professionals in Abuja on surgical skills management. The three day surgical skills seminar for the management of weapon wounded casualties which started yesterday at Rockview Hotel seeks to equip participants with the capacity Read More

Heineken considers closing Brazilian factories

August 14, 2018 BluePrint Newspapers 0

Heineken NV, the World’s secondlargest beer maker, is considering closing two factories in Northeastern Brazil, the company said on Friday in a statement. “This is as an extreme measure after a court ordered the company to sell beer and soft drinks in the region at a money-losing price. “Heineken is in a court dispute with Grupo LGH referring to the Read More