tinapa The Cross River State Government has signed a Memorandum of Understanding (MoU) with Mac Creeds and Tom Consortium for the upgrade of Tinapa Lakeside Hotel in Calabar and Obudu Ranch Resort in Obanliku Local Government Area of the state. Under the MoU, which was signed on Wednesday, the consortium will reconstruct the two facilities […]
Wife of the Ondo State Governor and founder of Breast Cancer Association of Nigeria (BRECAN) Chief (Mrs) Betty Anyanwu-Akeredolu has disclosed her plan to organise a town hall meeting on breast cancer in Imo State as part of activities on the campaign against breast cancer and awareness. According to a release from the office of […]
The chairman-elect of the American Association of Port Authorities’ (AAPA) Legislative Policy Committee, which sets policy for its US members, has told a US Senate committee hearing that building and maintaining the US’ 21st-century maritime infrastructure is “essential to the nation’s economic future”. Testifying before a U.S. Senate Committee on Environment and Public Works (EPW) […]
Worried by the growing number of empty containers at the nation’s ports, the Managing Director of Nigerian Ports Authority, Ms Hadiza Bala Usman has ordered terminal operators at the Lagos ports to declare the number of empty containers there. Over 40 per cent of the space at the ports is believed to be occupied by […]
China on Monday started using new standard to measure water content in the imported pipeline crude oil from Russia to better safeguard China’s economic interest, state energy giant — CNPC — said on Monday. Chinese quality inspectors found that the Russian way of measuring the water content showed a much lower quantity in the crude […]
*Says investment potential abounds in mining, industry Minister of Budget and National Planning, Sen. Udoma Udo Udoma, has assured Nigerians that the economy would be better in 2018. Udoma gave the assurance in a statement signed by his Media Adviser, Mr. Akpandem James in Abuja. The News Agency of Nigeria(NAN) reports that Udoma spoke at […]
The Managing Director of Swiss Pharma Nigeria Limited, Mr. Gaby El Khoury has explained that the recent closure of the pharmaceutical company was carried out to safeguard the company’s properties and prevent any form of hostility by some of its staff. In a statement at the weekend, Khoury explained that upon the acquisition of Swiss […]
A reduction in the capital required for new insurance companies will make it easier for new entrants to the market. Two digital insurance companies are set to receive approval and to start business in the first half of 2018. Sources inform “Globes” that these are two separate groups each led by a former CEO of […]
A.M. Best has downgraded the Financial Strength Rating (FSR) to B+ (Good) from B++ (Good and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb-” from “bbb+” of Jordan The outlook of the Long-Term ICR has been revised to stable from negative, while the outlook of the FSR remains stable. The Credit Rating (rating) downgrades […]
Global organisation, the United Nations, has appointed Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, into the Investments Committee of the United Nations Joint Staff Pension Fund (UNJSPF). The Under-Secretary-General of United Nations, Jan Beagle, who confirmed Adeosun’s appointment, disclosed that the minister would serve a one-year term of office effective from January 1, 2018. According […]
The Federal Government says it will make the annual Calabar carnival a major foreign exchange earner for Nigeria. The Minister of Information and Culture, Alhaji Lai Mohammed, said this on Sunday in Calabar while flagging off the third dry run of the 2017 carnival which has the theme: ‘Migration.’ He said that the carnival, which […]
In spite of the ongoing fuel crisis, the festive period provides great opportunity for people to tease off. Undoubtedly, some historical– cum tourist sites across the country could be visited by Nigerians of all ages and sexes during this year’s Christmas and New Year festivities. No doubt, Nigeria is rich cultural heritage. It can boast […]