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Business and Economy

NDDC denies Sagay’s corruption allegation; Cautions on rumours, false information

The Niger Delta Development Commission,NDDC, has denied the allegations of the Chairman of the Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), that the agency is corrupt and that it purchased luxury vehicles, insisting that under its new Board and management, it is partnering with relevant agencies to improve …

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FCA Wins ‘The Most Improved Fleet Manufacturer’ at Fleet World Honours; New Fiat models to be launched in Nigeria soon

  As preparations for the arrival of the FIAT brand in Nigeria gradually moves to its peak, Weststar is excited to announce already that the ‘Fiat Chrysler Automobiles (FCA)’ has been named Most Improved Fleet Manufacturer in the prestigious Fleet World Awards. The award recognizes the strides made by the …

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Ambode signs Environmental Management, Protection Bill into Law …Says public health safety key driver of cleaner Lagos initiative …Targets 27,500 jobs for Lagosians …Existing PSP operators, cart pushers, others to benefit

Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday signed the Environmental Management and Protection Bill into law, expressing optimism that it would go a long way to secure the public health safety of residents most especially children. Governor Ambode, who spoke shortly after signing the Environmental Management and Protection Bill into law …

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Dangote Cement exports 4,000 MT cement to neighbouring countries …..Proposes N144.8bn dividend

Dangote Cement Plc may have ended the era of Nigeria’s dependence on importation as the company exported 0.4 million tons of the product to other countries in 2016. This followed continuous increase in its production capacity. This was coming as the cement manufacturer’s board of directors is proposing a dividend …

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Let’s partner for progress – NIMASA urges Nigerians; Dakuku Peterside seeks Global Maritime Leadership for Nigeria

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has urged Nigerians to partner with the Agency to ensure a virile maritime industry as the activities of the Agency impact on the lives of all Nigerians. This is given the fact that virtually every …

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MPN donates N50 Million to professional bodies, NGOs in Akwa Ibom; Charges them to invest funds wisely

By Our Reporter Mobil Producing Nigeria, MPN, a subsidiary of ExxonMobil Corporation weekend, doled out over N50 million to twelve community-based, professional and Non-Governmental Organizations in Akwa Ibom to assist them carry out developmental and empowerment programmes in the state for the benefit of their members. The beneficiaries are: The …

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Ikeja Electric urges customers to report unethical practices

 Ikeja Electric, Nigeria’s largest distribution company has launched a concerted effort aimed at curbing unethical practices across its network and also encouraging customers to report such practices. Speaking on the launch of the sensitization program, the company’s Head of Corporate Communication, Felix Ofulue, noted that such practices, which included cases …

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Zenith Bank posts 65% boost in Profit Before Tax ….Proposes N1.77 final dividend

Zenith Bank’s audited financial statement for the period ended December 31st 2016 released by the Nigerian Stock Exchange (NSE) Monday has elicited mixed market reactions, even as investors strive to buy into N1.77 dividend proposed. Investment analysts have hailed certain aspects of  the results and picked holes in other aspects.  …

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NIMASA 2017 Budget targets strategic growth of Maritime industry – Dakuku; To position NIMASA as Africa’s foremost maritime Agency

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has disclosed that the Agency’s 2017 budget is tailored towards the strategic growth and other developmental initiatives of the maritime sector.  The DG, who said this recently during the 2017 budget defence session at the …

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