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Business and Economy

Sale of Nigerian Security Printing & Minting Company to CBN to contribute N17 billion to economy -BPE DG

The sale of 21 percent  shares  of the Federal Government in the Nigerian  Security Printing and Minting (NSPM) Plc to the Central Bank of Nigeria (CBN) will contribute over N17 billion to the national treasury, Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has said. At the signing ceremony for the sale …

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Nestlé and Ashoka mentor Social Entrepreneurs in Africa

Nestlé and Ashoka have kick-started a social investment accelerator program to accelerate social entrepreneurship and boost economic development of Africa, on September 10, 2018. 12 social entrepreneurs from Benin, Ghana, Egypt, Kenya, Uganda and South Africa will learn new tools and methodologies to help refine their business model and become investment ready. This …

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Continental collaboration key to maritime development – Dakuku  — IMO, AU partner AAMA as 4th Conference commences in Egypt  

The chairman of the Association of African Maritime Administrations AAMA, Dr Dakuku Peterside has restated the place of continental collaboration to grow the African maritime industry. This was the thrust of his message as he arrived Sharm El Sheik, Egypt for the 4th conference of Association of African Maritime Administration, (AAMA) …

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‘I must do the honourable thing and resign’ – Nigeria’s Finance Minister Adeosun (Read full text of resignation letter)

 14th September, 2018  His Excellency Muhammadu Buhari President, Federal Republic of Nigeria State House Aso Villa Abuja  Dear Excellency, Let me commence by thanking you profusely for the honour and privilege of serving under your inspirational leadership. It has been a truly rewarding experience to learn from you and to observe at close quarters …

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Air Peace signs multi-million dollar agreement with Boeing, to purchase 10 B737 Max aircraft; Fidelity Bank is financier

By Adekunle Williams and Solomon Asowata Lagos, Sept. 13, 2018 Nigerian carrier, Air Peace, has signed a multi-million dollar agreement with aircraft manufacturers, The Boeing Company, for the purchase of 10 brand new B737 Max aircraft. The agreement was signed on Thursday at the United States Consulate in Lagos by …

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Regional cooperation: Nigeria, S/Africa, Ghana, Kenya set for maritime pact  …As African leaders gather in Egypt for 4th AAMA Conference …Partnership key to realizing robust economy – NIMASA DG

    The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stressed that regional collaboration is key to developing Africa’s maritime sector, stating the Agency’s commitment to continue to reposition the Nigerian maritime sector in order to make it viable and compete favourably …

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NIMASA not responsible for detained seafarers – Chairman, National Seafarers Welfare Board …As Dakuku says no Seafarers, no Shipping  

The Chairman of the National Seafarers Welfare Board of Nigeria (NSWBN), Otunba Kunle Folarin has stated that the Nigerian Maritime Administration and Safety Agency (NIMASA) is not responsible for the detained seafarers, but rather has been of immense support and assistance in ensuring they have a better living condition in …

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FOCAC: Nigeria has benefited over $5bn in projects, says President Buhari  

Nigeria’s partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of vital infrastructure projects across the country, valued at over $5 billion in the last three years of the current administration. President Muhammadu Buhari disclosed this on Tuesday in Beijing at the FOCAC Round …

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