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Business and Economy

Ikeja Electric rewards performance, promotes 299 employees …Employs over 500 new staff in last one year

 In line with its commitment to reward productivity and also bolster efficiency within the organization, Ikeja Electric (IE), Nigeria’s leading electricity distribution company, has announced the promotion of 299 employees across various job grades in the business, while employing over 500 new staff in the last one year. According to …

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Amaechi visits Ambode, says Apapa Ports phase of Lagos-Ibadan rail project takes off next week   …Movement of cargo by rail will reduce traffic congestion- Gov

 Minister of Transportation, Mr. Rotimi Amaechi on Thursday visited the Lagos State Governor, Mr. Akinwunmi Ambode, revealing that work on the Apapa corridor of the Lagos-Ibadan Rail project would commence next week.  Amaechi, who spoke to journalists after a strategic meeting with the Governor and his team at the Lagos …

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International Market: Ebonyi Govt. assures allottees of shop ownership

By Chukwuwemeka Opara  The Ebonyi Government has assured traders and other citizens who procured shops at the Margaret Umahi International Market, Abakaliki of permanent ownership of the shops. The News Agency of Nigeria (NAN) reports that the multi-billion Naira market complex situated on the Trans-Saharan Enugu-Abakaliki-Cross River-Cameroon highway was constructed …

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NCC takes consumer protection campaign to rural communities in Gombe  

The Nigerian Communication Commission, NCC, has taken its consumer protection awareness campaign to rural communities in Gombe State. Director, Consumer Affairs Bureau of the Commission, Mrs. Felicia Onuegbuchulam, while declaring the town hall meeting open in Kalmai, Billirir Local Government Area of Gombe State, said one of the fundamental rights …

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Apapa gridlock: Lagos suspends approval for development of tank farms …Issues 30-Day ultimatum to tank farms without adequate loading bay

The Lagos State Government on Monday announced the suspension of approval for development of tank farms in Apapa as part of its renewed effort to restore sanity completely and fashion out immediately and long term solution along the Oshodi-Apapa corridor and prevent a repeat of the chaos caused by containerized …

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SNEPCo donates ultramodern science labs to Kwara school

Shell Nigeria Exploration and Production Company Limited (SNEPCO) has donated four ultramodern science laboratories to Eruku Secondary Commercial School in Ekiti Local Government area of Kwara State. This is the latest effort by the Shell deep offshore company to spread its social investments  across Nigeria and boost the study of science …

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Ecobank Transnational Incorporated announces Patrick Akinwuntan as Managing Director & Regional Executive – designate of Ecobank Nigeria

    The Board of Directors of Ecobank Transnational Incorporated (ETI) (www.Ecobank.com) has announced the appointment of Patrick Akinwuntan as the Managing Director & Regional Executive – designate of Ecobank Nigeria, subject to applicable regulatory approvals. Prior to this appointment, Patrick was the Group Executive, Consumer Banking responsible for leading the Consumer Banking business across Ecobank’s global network of 40 countries, 36 of which are in Africa. As a seasoned banker with over …

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We will work with Senate to ensure quick passage of AMCON Amendment Bill – House of Reps

Barely one week after the Senate Committee on Banking, Insurance and other Financial Institutions called on President Muhammadu Buhari to issue an Executive Order on seizure of assets of persons who are indebted to Asset Management Corporation of Nigeria (AMCON), the Chairman of the House of Representatives Committee on Banking and Currency, …

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