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Business and Economy

Africa’s 5th largest economy: We’ll soon set up economic team – Ambode … Says it’s important to globalize State’s economy …Lagos, good example of how to run an economy without oil – Sanusi

Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday expressed delight at the emergence of Lagos as the fifth largest economy in Africa, just as he said his administration is in the process of setting up an Economic Management Team comprised of distinguished individuals from the private sector and the public …

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Nitel/Mtel: Creditors report liquidator to FRCN, PACAC

Creditors have dragged the appointed liquidator for Nitel/Mtel, Otunba Olutola Senbore, before the Financial Reporting Council of Nigeria, FRCN, and the Presidential Advisory Committee Against Corruption, PACAC. In a petition signed by a representative of the creditors, Sebagen Henry Noboh, and dated October 20, 2016, the complainants decried what they …

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Guinness Nigeria appoints Egerton-Shyngle as new Commercial Director

Guinness Nigeria, manufacturers of alcoholic and non- alcoholic beverages such as Guinness Foreign Extra Stout and Orijin have announced the appointment of Emmanuel Egerton-Shyngle into the position of Commercial Director. Effective 1st November 2016, Egerton-Shyngle will take over from Paul Costigan who will be moving into other roles within Diageo. …

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Anchor Insurance records 14 per cent investment growth in 2015; Floats Employee Loss of Employment Insurance Scheme

Dennis Udoma Anchor Insurance Company Limited has announced a growth rate of 14 per cent as investment income for 2015. Chairman, Board of Directors of the company, Dr Elijah Akpan made this known during the Annual General Meeting (AGM), held at Le’ Meridien Ibom Hotel and Golf Resort, Uyo, Akwa …

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Nestle Nigeria Plc’s Nutrition Institute Africa holds media workshop

Nestle Nigeria Plc through its Nutrition Institute Africa, held a workshop for the media at the Agbara, Lagos Factory of the multi-national on Wednesday, October 19, 2016. The well attended workshop which had the aim of furthering the understanding of the Science of Nutrition, had as its theme, ’Good Nutrition …

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Ikeja Electric partners DRASA to celebrate Hand Washing Day in Lagos Schools

Ikeja Electric Plc, Nigeria’s largest distribution company has partnered with Dr. Ameyo Stella Adadevoh (DRASA) Health Trust and Kleanmate to celebrate this year’s Global Hand washing Day with children in selected Secondary Schools located within its network coverage. The event, celebrated yearly on October 15th, promotes right hygiene practices, with …

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FG committed to provision of enabling environment for development of sustainable housing programme, says Fashola

• As Minister inspects sites of private sector building partners in Nasarawa, describes efforts as inspiring • What we need to do now is double the capacities in many multiples and again address problem of sustainable housing programme, he says • Assures that Government will provide infrastructure that enables private …

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ISPS Code: Amaechi assures US Coast Guards of full implementation

The Federal Government has reiterated Nigeria’s commitment to maritime security through the full implementation of the International Ship and Port Facility Security (ISPS) code. This commitment was made by the Hon. Minister of Transportation, Rt. Hon. Rotimi Chibuike Amaechi when he led a delegation to the United States Coasts Guard …

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Shell appoints new Vice President for Nigeria and Gabon · Markus Droll now Executive Vice President, Projects

Shell has appointed a new Vice President for Nigeria and Gabon. He is Peter Costello and succeeds Markus Droll who assumes a new role of Executive Vice President, Projects in Shell International based in Rijswijk, The Netherlands. Peter, an engineer by background has spent over three decades in the oil …

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Hilton expands presence in Nigeria with signing of Hilton Lagos Airport

Murtala Muhammed International Airport location for New Hilton Hotels & Resorts Property as Hilton doubles its presence in Africa Hilton (NYSE:HLT) (www.HiltonWorldwide.com) has announced the signing of a management agreement with Quality Inspection & Testing Services Limited to open a 350 guest-room and suite hotel at Lagos’ Murtala Muhammed International …

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