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Dangote boss hinges business success on effective stakeholders’ management

The Group Managing Director of Dangote Industries Limited, Olakunle Alake has hinged success of business organisations on the adoption and implementation of effective stakeholders’ management strategies. Speaking on ‘Stakeholder Management: The CEO’s Role’, at the Global CEO-Africa Programme, a collaboration by the Lagos Business School, IESE Business School, Barcelona and …

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Shell shortchanged us of 1.02 million barrels of crude says Aiteo

Aiteo Exploration and Production Company, has claimed that Shell Petroleum Development Company (SPDC) shortchanged it of 1,022,029 barrels of crude while using the Bonny Crude Export Terminal operated by SPDC. According to court records sighted on Thursday, Aiteo, an indigenous oil firm which acquired OML 29 following SPDC’s divestment from …

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Okonjo-Iweala tasks Africa on e-commerce, value addition; Says: I’m ready for international challenges

By Rukayat Moisemhe and Florence Onuegbu Lagos, Feb. 16, 2021 Dr Ngozi Okonjo-Iweala, the newly appointed Director-General, World Trade Organisation (WTO) has charged the African continent on the use of e-commerce and value addition processes to engender global competitiveness in world trading. Okonjo-Iweala gave the charge on Tuesday during a …

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N69.4bn debt: Court rejects Jimoh Ibrahim’s attempt to vacate AMCON’s order over seized assets

After an exhaustive nearly two hours of court ruling, a Federal High Court, Lagos Division has finally declined to vacate an interim order through which the Asset Management Corporation of Nigeria (AMCON) seized the properties of barrister and businessman, Jimoh Ibrahim, over an alleged N69.4billion debt. Recall that following the …

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WTO DG: Ngozi Okonjo-Iweala’s emergennce excites Omo-Agege; Women groups celebrate  

The Deputy President of Senate, Senator Ovie Omo-Agege has expressed excitement at the emergence of Dr. Ngozi Okonjo-Iweala as Director-General of the World Trade Organisation (WTO). According to him, her emergence attests to the excellence of the womenfolk in Nigeria across every walk of life. The Deputy President of the …

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BPE holds Investors Webinar on four concession opportunities Feb 23, 2021

The Bureau of Public Enterprises (BPE) will hold an International Investors’ webinar to showcase investment opportunities in four enterprises slated for concession on Tuesday, February 23, 2021. The event will hold at 10am. The facilities are: Tafawa Balewa Trade Fair Complex, Lagos International Trade Fair Complex (LITFC), Calabar Special Economic …

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Allegations that SPDC’s under-reported 2 million barrels of crude, false says DPR

The Department of Petroleum Resources (DPR) has dismissed media reports that it uncovered ‘missing 2 million barrels of crude’ in oil production records by Shell Petroleum Development Company (SPDC) between 2016 and 2018. The DPR described the allegations as false and baseless. The report had alleged that SPDC which was …

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Niger Delta: Embrace entrepreneurship for economic survival, NCDMB Boss, Wabote, tasks young Nigerians

By Precious Akutamadu Port Harcourt, Feb.12, 2021 Mr Simbi Wabote, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), on Friday tasked young Nigerians to engage in constructive engagement that would enable them to plan strategically for economic survival in the country. Wabote made the remarks during …

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Identification: CBN directs banks, others, to accept travel documents, refugee ID card

By Kadiri Abdulrahman Abuja, Feb. 10, 2021 The Central Bank of Nigeria (CBN) has directed commercial banks and other financial institutions to, henceforth, accept Machine Readable Travel Documents (MRCTD) and Refugee Identification Cards, as means of identification for financial transactions. The directive was given by Dr Kevin Amugo, Director, Finance …

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COVID-19: CACOVID to buy Vaccines through FG, plans on distribution

The private sector-led Coalition Against COVID-19 (CACOVID) has clarified that only the Federal Government, through the National Primary Healthcare Development Agency (NPHCDA) can obtain any COVID-19 vaccine for Nigeria in the ongoing fight against the coronavirus pandemic. The coalition also explained that the process of buying the vaccines through the …

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Amaechi outlines Buhari’s economic development drive in the Transportation sector

Minister of Transportation, Rt Hon Chibuike Rotimi Amaechi has hailed President Muhammadu Buhari’s strides in the transportation sector as key to unlocking Nigeria’s economic development potentials. Amaechi said, linking different transportation infrastructure like rails to seaports and roads as is being done by the current administration will quickly drive the …

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