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Business and Economy

FG reiterates commitment to tackling humanitarian challenges in the North East

The Nigerian Government is committed to putting energy and resources into addressing the humanitarian challenges in the North East of the country and will strongly support any initiative by the international community in that direction. Budget and National Planning Minister, Senator Udoma Udo Udoma indicated this in Abuja when the …

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Economic diversification: NIMASA, NUJ call for media partnership – Maritime ready to take over from Oil says Peterside

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has urged the media, especially the maritime press to support the government’s drive to diversify the economy for growth and create alternative opportunities for investments The NIMASA DG stated this while receiving the leadership of …

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Again, Occupy CBN protest flops; Bank’s Spokesman thanks Nigerians for rejecting organisers’ unpatriotic agenda

The much touted protest march against the Central Bank of Nigeria (CBN), has again flopped. The convener of the protest march, one Deji Adeyanju had arrived at the proposed take-off point at about 8.30am with about 17 placard carrying young men and women. The protesters are pressurizing the CBN to …

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Fashola’s spokesman picks holes in Premium Times’ ‘contract mess’ story

The Ministry of Power, Works and Housing, has denied any wrong doing that should have warranted a story headlined “Works Minister, Fashola, in N166 billion contract mess,” published by an online newspaper, Premium Times. According to a statement by Hakeem Bello, Special Adviser, Communications to the Minister, the Premium Times …

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Nestlé recognised as climate change leader in supply chain

Nestlé has been recognised as a global leader in reducing carbon emissions and tackling climate change across its supply chain. The international not-for-profit CDP has included Nestlé in its first supplier engagement leader board. CDP assessed actions to reduce emissions and lower climate-related risks in the supply chain in the …

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Guinness Nigeria Plc receives shareholders’ approval for N40 bn Rights Issue

Guinness Nigeria Plc, held its Extra-Ordinary General Meeting (EGM) on Tuesday, January 24, 2017 and received the approval of its shareholders for a proposed Rights Issue. The meeting which took place in Lagos was well attended by local shareholders and representatives of international shareholders. In addition to the Rights Issue, …

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Ayade in China, concludes plans with investors to begin construction of Bakassi Deep Seaport

The actual commencement of construction work on the Bakassi deep seaport, received a further boost weekend with the conclusion of arrangements in China by the Cross River State governor, Professor Ben Ayade with some Chinese investors. Ayade, who flew into China with some of his key commissioners and advisers a …

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Economy: Labour stability will enhance maritime growth … As stakeholders sign NJIC agreement

The Nigerian Maritime Administration and Safety Agency (NIMASA) has assured stakeholders in the industry of its commitment in ensuring that a friendly working environment is created in and around the port environment, that will facilitate maritime trade and investment to grow the nation’s economy. This commitment was made by the …

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