The Head of Service, Lagos State, Folashade Sherifat Jaji, has warned retirees, especially in the State to desist from extravagant lifestyle, in a bid to use their retirement benefits judiciously. Sherifat, who stated this in Lagos, said some retirees were fond of spending their retirement
Business
Many Nigerians have not stopped to ask themselves why food prices have remained stable despite the devaluation of the naira. The naira now exchanges for about N200+ to a dollar, yet the price of rice, which used to be an imported Nigerian staple has remained stable, ditto for wheat and other imported food items. […]
So many industries have been closing down in Nigeria due to one reason or the other, but it appears some powers are still against the remaining ones. It beats my imagination that Nigeria, despite the economy recession it is going through, still to closes down young industries thus making life very difficult for young entrepreneurs. […]
The need to discard with the Nigerian National Petroleum Corporation, (NNPC) Joint Venture arrangement has been brought to the fore following poor funding that has threatened NNPC’s ability to meet its cash call responsibility to joint venture partners, now worsened by the significant fall in oil revenue. Concerned Industry players and analysts have canvassed that […]
The Bank of Industry (BoI) in its bid to complementing the efforts of govern ment to explore other sources within the energy mix said that plans have reached advanced stage for it to secure li cense for solar power gen eration in rural communities across the country. Managing Director/ Chief Executive Officer, BoI, Mr. Rasheed […]
The Nigerian Communications Commission (NCC) is considering introducing a new effective cost-based transmission cable pricing for the telecoms sector in the country. NCC aims to have full control of the market and protect smaller telecoms operators from dominant ones who take undue advantage of their small size to introduce arbitrary charges on connectivity and had […]
The planned consolidation of the continental expansion drive of Leading Cement manufacturer in Nigeria, Dangote Cement, has been buoyed with the announcement of its $150 million Cameroon plant coming on stream. The commencement of production in the Camerounian commercial city of Douala came in the wake of the inauguration of another 1.5 million tonnes capacity […]
The Petroleum Products Pricing Regulatory Agency, (PPPRA), branch of the Petroleum and Natural Gas Senior Staff Association of Nigeria, (PENGASSAN) has called on the government for the introduction of fuel tax that will lead to the adjustment of the current fuel pump price. PENGASSAN has proposed the addition of N1.50 to the current fuel price […]
U.S. initial public offerings by venture-backed companies fell to a two-year low in the first quarter of 2015, according to data from the National Venture Capital Association and Thomson Reuters. About 17 venture-backed companies raised $1.43 billion in the three months ended March, compared with 37 that raised $3.40 billion in the same period a […]
Oil prices jumped as much as five per cent on Monday as traders reassessed how quickly Iran could increase exports after a preliminary nuclear deal and anticipated that a months-long rise in U.S. inventories may be slowing. Brent crude tumbled nearly four per cent on Thursday after Iran and six world powers announced a framework […]
The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) has said that it would soon create an electronic platform that would enable members of the public especially importers identify genuine and duly registered freight forwarders. Speaking while addressing members of the Association of Nigerian Licensed Customs Agent (ANLCA) when he visited its
The Senior Staff Association of Nigeria Universities (SSANU) on Monday called on the President-elect, Gen. Mohammadu Buhari to make education his major focus in Nigeria’s quest to become a major global economy. The National Vice President (West), Mr Alfred Jimoh made the call in Lagos. Jimoh said that having been a one-time president of the […]
Italian oil and gas company Eni said it expects to reach a Final Investment Decision (FID) for its Coral Floating Liquefied Natural Gas (FLNG) development in the second half of 2015. The Coral project, located offshore Mozambique, comprises construction of a Floating LNG (FLNG) unit fed by subsea wells. The development plan for the gas […]
The Senate Committee on Marine Transport has tasked the management of the Nigerian Maritime Administration and Safety Agency, NIMASA to make full payment of its workers allowances before its 2015 budget can be approved. The Senate was disturbed by the non-payment of staff allowances and had invited the management for meeting to find out why […]
Nigerian Shipper’ Council (NSC) has set up a technical committee whose task it is to appraise the relevance of training, ethics and professionalism for the freight forwarders.  Its Executive Secretary, Barrister Hassan Bello said that he dreams of a time when freight forwarders would be so trained, that they would become self-regulating and able to […]
The decade-long surge in foreign-currency reserves held by the world’s central banks is coming to an end. Global reserves declined to $11.6 trillion in March from a record $12.03 trillion in August 2014, halting a five-fold increase that began in 2004, according to data compiled by Bloomberg. While the drop may be overstated because the […]
Governor of Bayelsa State, Hon. Henry Seriake Dickson has been lauded by Grassroot Vanguard for launching a N50 million revolving loan scheme for market traders in the state over the weekend. The commendation came through the NGO’s state coordinator, Chief Olalibo Osain Ibokolo, describing the Gorvernor as a visionary leader. He said that the launching […]
Maritime stakeholders in the country while congratulating Maj Gen Muhammadu Buhari on his recent victory at the presidential polls, has tasked the incoming administration to pay special attention to the development of the maritime sector. Capt. Niyi Labinjo, President, Nigerian Ship owners Association (NISA),  in a congratulatory message to Buhari in Lagos on Monday,
Following the launch of the Youths Entrepreneurship Strategy in Oil and Gas Industry, 50 youths has been identified as beneficiaries of the N220 billion set aside for Micro Small Medium Enterprises (MSME) through the Central Bank of Nigeria (CBN) and are billed for entrepreneurship training. Daily Times gathered that part of the N220 billion set […]
The Nigerian Airspace Management Agency (NAMA), is boosting its manpower capacity with the graduation of 12 cadet of Air Traffic Controllers by the Nigerian College of Aviation Technology (NCAT) Zaria, on Basic Aerodrome and Approach Control Course as well as Flight Training. The ATC Cadets who began the training early last year will commence on-the-job […]
