The delay in the constitution of a substantive Board of the Niger Delta Development Commission (NDDC) can be likened to a time bomb ticking to detonate. This is due to the volatility of the Niger Delta region as occasioned by long time neglect of it’s people by successive federal government administrations. Judging from the avalanche of protests by aggrieved youths Read More
Oil major, Total Nigeria has implemented a restructuring of its organisation with the retirement of Patrick Olinma, its erstwhile Executive Director in charge of commercial activities, along with other key management executives of the company. Further investigation revealed that Mr Olinma, now a former Executive Director of Total Nigeria is currently under investigation by the Economic Financial Crime Commission (EFCC) Read More
In a move to ensure effective community policing, the Managing Director of the Nigeria Agricultural Insurance Corporation (NAIC), Mrs. Folashade Joseph, has donated three motorcycles to Iyara community. Mrs. Joseph made the donation on the sideline of the 2021 Iyara Day Celebration organised by Iyara Development Movement at Iyara in Ijumu local government area of Kogi state. The managing director Read More
The Witness, a credible Nigerian newspaper in digital and print formats, is set to launch a non-governmental organization, ‘The Witness Newspaper Foundation’, in commemoration of its fourth year anniversary. The event is billed to hold on Sunday, October 24th, 2021, at the prestigious Lagos Continental Hotel (formerly Intercontinental Hotel), Victoria Island, Lagos. A statement on Monday by the managing director of the newspaper, Read More
Acting Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello Koko, says the endemic Apapa-Oshodi vehicular gridlock has reduced by 80 per cent with the incremental deployment of the electronic call-up infrastructure for cargo trucks (known as “Eto”), launched in February this year while the agency keeps reviewing and improving on it. Bello-Koko made the disclosure when he featured Read More
On October 4, 2021, one of the fastest growing financial service providers in Nigeria, Titan Trust Bank Limited, celebrated two years of its existence. Established with a mission to take advantage of the identified gaps in the banking sector and address the unmet needs of the retail mass market, SMEs and corporates, Titan Trust Bank, has continued to provide seamless Read More
As part of its activities to commemorate this year’s World Clean-up Day, Rites Foods Limited recently in Lagos partnered with Sterling One Foundation, an organization committed to the Social Development Goals (SDG) initiative. The foundation involved in ridding Lafiaji Beach in Eti-Osa Local Government Area of post-consumer polyethylene terephthalate (PET) bottles, plastics, and solid waste. The clean-up exercise, which was Read More
Minister of Communication and Digital Economy, Isa Ali Pantami, has advocated the use of artificial intelligence in protection of critical infrastructures across the country. Pantami, who was speaking Tuesday in Abuja, at the opening ceremony of the Nigerian Security and Civil Defense Corps (NSCDC) stakeholders summit on the protection of critical infrastructure in Nigeria, stressed the need for more awareness, Read More
The campaign against open defecation, pollution of rivers and illegal grabbing of canals amongst others, formed part of the major trust of 2021 World Rivers Day celebration in Ilorin Monday. The event was organised by the Lower Niger River Basin Development Authority, Ilorin to create awareness on the negative effects of polluted rivers and need to protect and restore fresh Read More
Increase in the prices of gas, occasioned by the 7.5 per cent Value Added Tax (VAT) and the dwindling fortune of the naira may force crude oil prices up by additional $10 per barrel in the next three to six months’ time, the Nigerian National Petroleum Corporation (NNPC) has said. In Nigeria, the price of Liquefied Petroleum Gas (LPG), or Read More
A member of the Institute of Chartered Accountants of Nigeria (ICAN) and Managing Director of First City Monument Bank (FCMB), Mrs. Yemisi Edun, has called on the foremost professional accountancy body and its affiliates to prioritise leadership development programmes for female accountants. She made the call during the investiture of Mrs. Catherine Nnaji as the 10th President of the Society Read More
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has described the federal government’s plan for a Eurobond issuance in the International Capital Market (ICM) as a step in the right direction, stressing that the fundamentals and potentials of the nation’s economy are strong with capacity to meet its debt obligations. Akinwuntan, who was assessing the global market as Nigeria makes its Read More
President Muhammadu Buhari has been commended for putting together a broad-based Board for the newly created Nigeria National Petroleum Corporation Limited. Director General of Voice of Nigeria (VON), Osita Okechukwu, who gave the commendation, yesterday, in Abuja, noted that the President Buhari demonstrated experience and institutional knowledge of the petroleum industry in appointing members of the board. Okechukwu specifically praised Read More
The desire to see Nigeria actualize the country’s dream in making Nigeria the maritime hub in the Africa region as a result of its huge economic potential is behind the planned investment of billions of naira in port upgrades, the Nigerian Ports Authority has disclosed. Nigeria accounts for about 70 percent of cargoes imported into West and Central Africa while Read More
President Muhammadu Buhari has directed the incorporation of the Nigerian National Petroleum Company Limited, the State House has announced. A statement on Sunday issued by Special Adviser to the President (Media and Publicity), Femi Adesina, said the president gave the order in his capacity as Minister of Petroleum. “This is in consonance with Section 53(1) of the Petroleum Industry Act Read More
Honourable Minister of Youths and Sports, Sunday Dare, has paid a courtesy visit to the management of Keystone Bank Limited at the lender’s headquarters in Lagos. The Minister was received by Mr. Olaniran Olayinka, managing director and chief executive officer, Keystone Bank Limited and Mr Yemi Odusanya, executive director of the bank.
New Managing Director of the Nigerian Liquefied Natural Gas (NLNG), Dr. Philip Mshelbila, has assured early completion of the Train 7 project as well as execute more Final Investment Decisions, FIDs to secure place in the global market. Msheibila, also said the company will complete the Bonny-Bodo Road and so many other social projects to fulfill its vision of helping Read More
Lagos State Signage and Advertisement Agency (LASAA) has announced plans to host the 2021 Out-of-Home Advertising Conference and Exhibition for stakeholders. The event runs between Thursday 23rd and Friday 24th September, 2021 at the Eko Hotel and Suites on Victoria Island in Lagos, will have met sector stakeholders in the outdoor advertising business as well as local and international sign Read More
A Non-Governmental Organisation (NGO), Marcel Ofomata Foundation, has tasked Nigerians, especially cooperate organisations, to give back to the society through Corporate Social Responsibility (CSR). Founder, Marcel Ofomata Foundation, and Chairman, Amaecom Group, Dr Marcel Ofomata, made the call during a visit to Darlez Care Home, Abuja, recently, as part of the Annual National Visitation to the Needy in Nigeria, a Read More
The Chief Executive Officer (CEO) of the Islamic Corporation for Development (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, Ayman Sejiny, and the Managing Director and CEO of Jaiz Bank-Nigeria, Hassan Usman, signed a $25 million Shariah-compliant line of financing agreement to support SMEs in Nigeria, including those adversely affected by the COVID-19 outbreak. Out of Read More
A new regulatory framework for the operation of barges across Nigeria seaports established by the Nigerian Ports Authority (NPA) under its new Standard Operating Procedure (SOP) is billed to take effect from today, Wednesday, September 1, 2021, the agency has said. The guidelines, the NPA affirmed must be complied by all operators adding that it is poised to review the Read More
The Presidency has urged the Federal Airports Authority of Nigeria (FAAN) to up its ante in service delivery across airports in the country and ensure passengers and airport users receive prompt and adequate attentions in order to achieve government desired goals in airports development. It said FAAN must continuously position itself as a customer-centered sensitive organisation and realised that customers Read More
The Managing Director/Chief Executive Officer of Africa Prudential Plc, Obong Idiong has said that collaboration between Registrars and Capital Market Operators would help to reduce the high cases of Unclaimed Dividends in Nigeria. Idiong, made this statement at WebTV while providing views on addressing the tide of unclaimed dividends in Nigeria He said that a market-led approach would reduce the Read More
Titan Trust Bank Limited has announced the opening of its state-of-the-art branch located at 17, Burma Road, Apapa, Lagos for commercial operations. A statement by the lender said the development is in furtherance of its efforts to offer customers endearing experience. The lender further noted that the new branch provides a full suite of banking products and services for retail Read More
The management of BEDC electricity has decried customers indebtedness to the company, saying that only one out of two customers pay their bills. The company said it has begun a Debt Rescheduling Scheme for customers in its franchise states of Edo, Ondo, Ekiti and Delta, adding that the scheme offers consumers discount; raging from 5 to 25 percent payment ,with Read More
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