Business news
Fidelia Okafor Red Star Logistics Company a subsidiary of Red Star Express Plc, in partnership with Fedex Express International has announced its plan to introduce less than truckload for agriculture produces. Speaking at a forum organised by the Nigerian Association of Agriculture Journalist in Lagos, the company’s Divisional Managing Director, Mr. Ocholi Etu, revealed that […]
Amaka Obiefuna. Various banks in Bayelsa State have been blamed by the State Commissioner for Finance, Mr. Maxwell Ebibai for the delay in payment of salaries of civil servants in the state. He attributed the delay to the lack of cash in the banks. In a statement made in Yenagoa, the Commissioner said the State […]
Fidelia Okafor. Three jetties and Port facilities have been shut down by the Nigerian Maritime Administration and Safety Agency (NIMASA) for lack of compliance with the provision of the International Ship and Port Facility Security, ISPS code. The facilities include Heyden Petroleum Jetty, Ijora, Lagos; Waziri Jetty, Dockyard Road, Apapa, Lagos and Starz Marine Shipyard […]
Fidelia Okafor. Med-View Airlines expanded its West African sub region flight operations to include flight services to Monrovia, Liberia and Freetown, Sierra Leone via its Accra, Ghana flight. The inaugural flight to the aforementioned two countries took off from Lagos via Kotoka International Airport, Ghana to Roberts International Airport, Liberia and Freetown International Airport, Sierra […]
Nigeria’s Federal Government has been urged to pay its counter-part funds to the National Pension Commission (PENCOM) to enable payment of entitlement to the thousands of retired public servants; this plea is coming from the Association of Senior Civil Servants of Nigeria (ASCSN). Comrade Alade Bashir Lawal, the ASCSN Secretary General made this call Thursday […]
Amaka Obiefuna Plans have been concluded to hold the 58th Annual General Meeting (AGM) of Guinea Insurance Plc. This is coming after The National Insurance Commission (NAICOM) approved the insurance firm’s 2015 Annual Financial Reports and Accounts in a letter dated 19th December 2016 and titled “Approval for Publication of Year 2015 Audited Financial Statement” […]
Amaka Obiefuna. According to Geopoll, a recent survey has shown that Nigerians shop more online than other Sub-Saharan African (SSA) countries. Geopoll, the world’s largest mobile survey platform with a network of 200 million users in Africa and Asia, conducted the survey on five African countries which include Nigeria, South Africa, Uganda, Kenya and Ghana. […]
Amaka Obiefuna. The naira fell further from N492 per dollar to N490 per dollar on Wednesday at the parallel market. According to the News Agency of Nigeria (NAN), the Pound Sterling and Euro closed at N605 and N505 respectively. Meanwhile, at the Bureau De Change (BDC) window, the naira traded at N399 per dollar, CBN […]
Fidelia Okafor. The much awaited Lagos-Kebbi rice known as ‘Lake Rice’ has been launched by the Lagos State governor, Akinwunmi Ambode and the Kebbi State governor, Alhaji Atiku Bagudu yesterday at the Lagos House in Ikeja . Speaking at the event, Ambode said the development was to showcase Nigeria as a producing nation and also […]
Winifred Bosa. Governor Kashim Shettima has justified his allocation of the lion share of the states’ 2017 budget to the educational sector, saying that it was needed to reconstruct and rehabilitate schools destroyed by terrorists. Out of the N183.3 billion 2017 budget, the educational sector received N33 billion allocation. Shettima explained that the sector had […]