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Business and Economy

Amaechi tasks CCECC to speed up work on Lagos -Ibadan Rail project

By Lucy Ogalue Lagos,  Sept.  23, 2019 The Minister of Transportation, Rotimi Amaechi,  on Monday tasked the China Civil Engineering Construction Corporation (CCECC), contractors handling the Lagos -Ibadan Rail project to quickly complete the project.  Amaechi gave the charge while inspecting the new Lagos-Ibadan standard gauge railway line project, in company of  the Minister of …

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Konga Research identifies how companies can leverage digital procurement to save money, increase profit

Organisations must embrace digital procurement strategies in order to save cost and improve their margins. This will go a long way in helping them navigate the current harsh business climate and position well for survival and subsequent viability. The foregoing was disclosed in a report released by the Research and …

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FG begins inspection of weights, measures of oil pumps in filling stations in Bayelsa; Seal some for under dispensing

The Weights and Measures Department, Federal Ministry of Industry, Trade and Investment has commenced inspection on filling stations in Bayelsa. The exercise aimed checking the exploitation of the public is part of efforts to correct irregularities in quantity of products  sold to customers. The team of Inspectors on surveillance activities, …

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CBN reduces, unbundles charges on Electronic Merchants Collections …Grants incentives …Nationwide implementation of Cash-less policy begins March 2020

  ABUJA  To further promote a cash-less economy and enhance the collection of applicable government revenues, the Central Bank of Nigeria (CBN) has announced a review of the process for merchant settlement. With effect from September 17, 2019, the CBN has approved for banks to unbundle merchant settlement amounts and …

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WISTA takes campaign for Women in Maritime to Anambra ·  Donates speedboat, fishing accessories to Aguleri women ·  Lauds NIMASA’s support for maritime women

  Women’s International Shipping and Trading Association (WISTA) has donated a speedboat and some fishing accessories to the women of Omabala Na Esu Fishers Association of Aguleri, in Anambra State. President of WISTA Nigeria, Mrs. Mary Madu Hamman, said the donations were part of the organisation’s drive to inspire more …

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Gulf of Guinea: IMO, international oil players pledge support for NIMASA …  Nigeria critical to regional stability – Kitack Lim …  INTERTANKO, ICC, Chevron, others commend Agency

The initiatives of the Nigerian Maritime Administration and Safety Agency (NIMASA) aimed at ensuring security in the Gulf of Guinea have received a major boost from the international business community. Key players in the global oil and gas as well as shipping businesses praised the initiatives at a maritime security …

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Advise Buhari to obey judgment on release of payment details on electricity contracts, SERAP tells Malami

Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Abukabar Malami, SAN, Attorney General of the Federation and Minister of Justice to use his “special role as the Chief Law Officer of Nigeria to advise and persuade President Muhammadu Buhari to fully and effectively enforce the judgment by Justice Chuka …

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Nigerian maritime reforms to encourage Foreign Direct Investment – Dakuku …Set to establish International Arbitration Centre

  The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, says policies of the Federal Government of Nigeria in the maritime industry are targeted at encouraging Foreign Direct Investment (FDI) into the sector. Dakuku stated this while addressing delegates at the West African Shipping Summit, …

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All roads lead to Nigerian Embassy in America for Enrollment Flag-off for proposed Nigerian Federal Credit Union Bank

All roads lead to the Nigerian Embassy, Washington DC, 3519 International Court, NW, Washington DC 20008 on Friday, September 13, 2019 from 3.30 pm to 6.30 pm, for the pre-charter membership enrollment for all Nigerian families and organizations towards the establishment of the Nigerian Federal Credit Union Bank (Nigerian FCU). …

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Two Nigerian businesses shortlisted for Shell Global Innovation Prize  

Two Nigerian entrepreneurs have been shortlisted among 21 finalists for the Shell LiveWIRE Top Ten Innovators Awards, a global competition which highlights and rewards businesses that demonstrate excellence in innovation as well as giving entrepreneurs a chance to shine on a global platform. The businesses are” FarmToJuice and Foods Nig. Ltd which produces juices, …

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‘We’ll honor all agreements with China,’ President Buhari assures Xi Jinping’s Special Envoy 

Nigeria is ready to provide counterpart funding on all agreements reached with China for the provision of infrastructure that directly improves the livelihood of Nigerians, President Muhammadu Buhari said Thursday in Abuja. Receiving Yang Jiechi, Special Envoy of the President of China, Xi Jinping, at State House, President Buhari expressed …

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Nestlé announces winners of Sub-Saharan Africa innovation challenge

The 3 start-ups winners have been awarded a 4-month residency in the new Nestlé R&D Accelerator for Sub-Saharan Africa ABIDJAN, Ivory Coast, September 4, 2019/ — Start-ups, SHOPIT, EXPORTUNITY andWAKULIMA from South Africa, Benin and Tanzania respectively, emerged today the winners of the Nestlé Research and Development (R&D) Sub-Saharan innovation challenge. Selected from among …

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