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Business and Economy

Association of Electricity Distributors berates Gov Obaseki over row with BEDC

The Association of Nigerian Electricity Distributors, ANED, has lent its voice to the ongoing row between the Governor of Edo State, Godwin Obaseki and the management of Benin Electricity Distribution Company (BEDC). Speaking in response to media queries, ANED’s Executive Director for Research and Advocacy, Chief Sunday Oduntan, in a …

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Dakuku: Sustainable use of the ocean will lift Africa out of poverty   … AAMA commits to champion Blue Economy.

  The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said that development of the blue economy is a veritable strategy for advancing African economies and lifting the people out of poverty. Dakuku stated this on Monday in Nairobi, where he led a …

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Emerging hydrogen energy world: Implications for crude oil exporting countries  By Prof Chijioke Nwaozuzu

  Hydrogen has long been used across several industries, including the process for converting heavy petroleum extracts into lighter, exploitable forms of fuel. But the objective of turning hydrogen itself into a viable and clean energy source to power vehicles and heat houses is the potential game-changing solution that could …

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Dakuku congratulates Ki-tack Lim on his second term

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has congratulated the Secretary-General of the International Maritime Organisation (IMO), Ki-tack Lim, on his re-election as head of the specialised United Nations body. Dakuku, who is also the Chairman of the Association of African Maritime Administrations …

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Budget implementation: House Committee expresses confidence in NIMASA Management …As Dakuku reiterates Agency’s commitment to capacity development

The House of Representatives Committee on Maritime Safety, Education and Administration has commended the Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) for its efforts in repositioning the country’s maritime sector for greater efficiency. The committee gave the commendation in Lagos, when it paid an oversight visit to …

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Ecobank Transnational Incorporated announces closure of USD 200 million syndicated loan facility

The facility was oversubscribed at USD 268.5 million, with Ecobank Transnational Incorporated (ETI) increasing Deutsche Bank’s mandate as arranger from USD 150 million to 200 million LOME, Togo, November 20, 2018/ Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group (www.Ecobank.com), announced Tuesday the successful close of …

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Gov. Emmanuel presents 2019 ‘Budget of Industrialisation for Poverty Alleviation’.

Akwa Ibom State Governor, Udom Emmanuel, Wednesday, presented the 2019 Budget Proposals to the State House of Assembly tagged, ‘Budget of Industrialisation for Poverty Alleviation’. Highlights of the proposals show a total budget size of N670.718bn made up of Capital expenditure of N445.936bn and Recurrent expenditure of N224.782bn, comprising: Personnel Costs …

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BPE committed to principles of integrity, professionalism, accountability – says DG Okoh

Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has reiterated the commitment of the Bureau to ensuring that the principle of integrity, professionalism and accountability which played out through the selection process of the Transaction Adviser is maintained towards transforming NIPOST “as one of the …

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FG committed to expanding export of locally produced goods, services – Udoma

aThe Minister of Budget and National Planning, Senator Udoma Udo Udoma says the Federal government is committed to the diversification of the country’s economy away from dependence on oil and gas. Senator Udoma who was delivering the keynote address at the 42nd Annual Conference Dinner of the Institute of Chartered Secretaries …

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Engr (Mrs.) Akingbagbohun becomes 13th Chairman, Nigerian Society of Engineers, Ikeja branch

The Investiture ceremony of Engr. (Mrs.) Funmi  Akingbagbohun, as the 13th Chairman of the Nigerian Society of Engineers (NSE),  Ikeja branch, was held in Lagos, Nigeria on November 9, 2018. The theme of the program was ‘Enhancement and Empowerment of Engineering Professionalism’ and it held at the Sheraton Lagos Hotel …

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