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Business and Economy

Dakuku: Maritime, catalyst for Nigeria’s industrialisation    Stakeholders commend NIMASA’s leadership role in Africa

 For Nigeria to effectively move away from an oil-dependent economy and industrialise, it must develop the blue economy. This was the position of the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside and other top players in the maritime industry, at the 2018 World Maritime …

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NIMASA boss calls for prompt approach to ECOWAS regional maritime security

By Uchenna Eletuo Lagos, Oct. 3, 2018 Dr Dakuku Peterside, the Director-General  of the Nigeria Maritime Administration and Safety Agency (NIMASA), said on Wednesday that prompt action against regional maritime insecurity was key to the growth of the regional economies. Peterside said this at the opening ceremony of the Economic …

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Three things you did not know about Nescafé in Central & West Africa

For over 250 years, Coffee has evolved to become part of many cultures, livelihoods, and economies around the world. According to a study by the International Coffee Organization (ICO), coffee accounts for the primary source of income for more than 10 million households in 25 African coffee-growing countries. The study further estimates …

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Nigeria is open for business; Remains best investment destination in Africa, FG tells investors; Global Investors show support

Key foreign investors, who met at various meetings with the Nigerian Government delegation to the United Nation’s General Assembly in New York during the week, expressed interest in scaling up investment in Nigeria. At an Investors Roundtable held under the auspices of the Business Council for International Understanding (BCIU), the …

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UNGA 73: Nigeria’s economy managers engage international investors, rating agencies in New York City,

   The Nigerian Federal Government delegation to United Nations General Assembly (UNGA) currently going on in New York (USA) will be having a number of side meetings today and tomorrow, Wednesday and  Thursday, September 26-27, 2018. The meetings will largely be trade and business meetings with global investors, including Investment …

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Dakuku re-elected AAMA Chairman…Says Africans deserve better share of world maritime trade ….African maritime leaders hail his re-election

 The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has been re-elected the Chairman of the Association of African Maritime Administration (AAMA) for another term. Dr. Dakuku who is the incumbent Chairman of the Association was unanimously elected to continue to lead the body …

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Konga to invest N2.9bn in K-Xpress to resolve e-commerce delivery in Nigeria  

Olusiji Ijogun, Chairman of Konga, Nigeria’s composite e-commerce giants, has revealed that the company is set to invest N2.9bn in its logistics arm, K-xpress to build a world-class delivery solutions  company that will resolve the logistics challenges in Nigeria. He made this assertion when a section of the media caught …

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Nigerian Government delegation in New York to explain economic policy initiatives, investment incentives to global investors

A Federal Government of Nigeria delegation comprising core economic ministers, the Central Bank, CBN, Governor and the Director General of the Debt Management Office, DMO, will during the week host international investors and rating agencies in New York City, United States of America, to present the country’s economic and business …

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Nigeria Air fiasco: Foreign investors, international community won’t take Nigeria serious again — Peter Obi

Former Governor of Anambra State, Mr. Peter Obi, has expressed shock over the sudden suspension of plans by the Federal Government to float a new national carrier to be known as Nigeria Air. Minister of State for Aviation, Senator Hadi Sirika, who unveiled the airline with fanfare on July 16 …

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AMCON can’t recover N5.4trillion debt without judicial support – Justice Kafarati

The Chief Judge of the Federal High Court, Abuja Division, Hon. Justice Adamu Abdu Kafarati, has reiterated the need for judges in Nigeria to support the recovery efforts of Asset Management Corporation of Nigeria (AMCON) since the corporation was established as a central element of government’s response to financial crisis …

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