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Business and Economy

Maritime: Piracy decline to end war risk insurance, reduce shipping cost – NIMASA 

  – As Shippers’ Council calls for improved inter-agency synergy                                                                  Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has stated that a sustained reduction in reported cases of piracy and other maritime crimes in Nigerian waters would end the regime of War Risk …

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Zenith Bank launches ZIVA WhatsApp Banking  

Nigeria’s leading financial institution, Zenith Bank Plc, has introduced an Artificial Intelligence (AI) powered Chatbot on WhatsApp named ZIVA (Zenith Intelligent Virtual Assistant), which enables customers to perform financial transactions and enjoy real-time customer service from their mobile phones. Customers can enrol by simply adding the bank’s verified WhatsApp mobile …

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House of Reps to Kyari: “GMD you’ve made our day” …As Kyari clarifies projection for 2022-2024 revenue framework

  The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday received accolades from the House of Representatives Committee on Finance for providing detailed explanations on some burning Oil Industry issues at an interactive session on the 2022-2024 Medium Term Expenditure and Revenue Framework …

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Effedua in trouble? BPP begins forensic audit, as alleged procurement frauds rock Maritime Academy

Dennis Udoma, Uyo Worried by the alleged procurement frauds rocking the Maritime Academy of Nigeria (MAN), Oron, Akwa Ibom State, the Bureau of Public Procurement (BPP) has concluded plans to carry out a forensic investigation of the financial transactions of the institution. This followed petitions to the Economic and Financial …

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NNPC commits to supporting NLNG

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has reiterated the Corporation’s commitment to supporting the Nigeria Liquefied Natural Gas (NLNG) Limited towards achieving its goal of becoming a global LNG company of choice. Speaking as a Guest of Honour at the 2021 NLNG …

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Deep Blue Project: NIMASA will ensure proper maintenance of assets – Jamoh  

… As Airforce graduates Pilots, Special Forces for aerial assets manning  Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has reiterated that assets under the Deep Blue Project will be given necessary attention in order to maintain them to serve their purpose of  providing security …

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SNEPCo, NNPC build paediatric ward, lab in Bauchi

The Jama’Are Local Government Area in Bauchi State, in the embattled North East of Nigeria, has taken delivery of a newly built and well-equipped 10-bedspace paediatrics ward, medical laboratory, with water facilities and water treatment plant powered by a 10 Kva solar system. The donation from Shell Nigeria Exploration and Production Company (SNEPCo), on behalf …

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#FixPolitics flays incessant harassment of NIPC boss, Yewande Sadiku

The #FixPolitics Initiative has expressed concern over the continuous harassment of the Executive Secretary/Chief Executive Officer, Nigerian Investment Promotion Commission, Ms Yewande Sadiku, the recent being a probe by the Economic and Financial Crimes Commission. A statement issued on Friday by the Spokesperson for #FixPolitics, Mr Ozioma Ubabukoh, condemned the …

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CBN releases guidelines for regulation, supervision of CGCs

By Kadiri Abdulrahman Abuja, Aug. 10, 2021 The Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria. The guidelines are contained in a circular by Ibrahim Tukur, CBN’s Director, Financial Policy and Regulation Department, addressed to Commercial  Banks, Other Financial Institutions  …

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