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Day: October 26, 2017

Sen  T. A. Orji Empowers Over 1000 Farmers, Youths

  The Senator representing Abia Central Senatoral Zone, Dr. Theodore. A. Orji has empowered over 1000 farmers and many thousands artisans, to enable them get out of poverty state. His Media Adviser Don  Norman Obinna who disclosed this in Lagos while having a round table discussion with National Association of Agricultural Journalists ( NAAJ) on Tuesday. […]

Onanuga canvases healthy competition between PFA, Life Insurers

  Amaka Obiefuna Lagos State Pension Commission DG,  Folashade Onanuga has advised Pension Fund Administrators (PFAs) and life insurers to work together to build a virile pension industry rather than fighting each other in a bid to retain market dominance. She was speaking at the 2nd National Conference on Insurance and Pension, organised by the National Association of Insurance and Pension Correspondents (NAIPCO). Mrs Folashade […]

Industrialist seeks flexible regulation of pension, insurance sectors 

Amaka Obiefuna   High Chief Dele Fajemirokun, a former Chairman of AIICO Insurance Plc is urging regulators of insurance and pension sectors to tone down on the guidelines meant to supervise the sectors.  Mr. Fajemirokun was speaking in Lagos at the 2nd National Conference on Insurance and Pension organised by the National Association of Insurance and Pension Correspondents, (NAIPCO), he said for insurance and pension industries […]

High customs duty frustrates local shipping industry –Peterside

The Director General, Nigerian Maritime Administration and Safety Agency Dr. Dakuku Peterside, said that due to prohibitive Customs duties in Nigeria was one of the factors that led to the collapse of the local shipping industry. Peterside who was represented by the Executive Director, Operations, NIMASA, Rotimi Fashaki, stated this at the 6th Annual Conference […]

Punch, Dangote, others listed among top 50 brands

Punch Nigeria Limited, the Dangote Group, Chivita, MTN Nigeria, First Bank of Nigeria Limited, Zenith Bank Plc, Glo and Nestle Nigeria Plc have been listed among the top 50 brands in the 2017 edition of the Top 50 Brands Nigeria Awards. According to a report, which was unveiled during the awards on Tuesday, the listed […]

$20m bribe: Blacklist indicted firm, group urges FG

The Civil Society Network Against Corruption has warned the Federal Government and the Nigerian Ports Authority against signing any new contract agreement with Dredging International (Cyprus), a firm indicted in a $20m bribery case in Switzerland. It was alleged that the firm bribed some ex-officials of the NPA. The Managing Director, NPA, Hadiza Usman, had […]

Power rejection: Jebba, Kainji reduce generation by 416.4MW

Kainji and Jebba hydro power plants are cutting down on the quantum of power they generate by about 320 megawatts and 96.4MW, respectively, as a result of rejection of electricity load by distributors. According to Mainstream Energy Solutions Limited, the private firm that took over the plants when they were privatised in November 2013, both […]

Legacy debts account for $3bn of $5.5bn foreign loans –Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday, stated that the Federal Government would apply the sum of $3bn in refinancing the legacy debts of the immediate past administration. The outlay is part of the $5.5bn foreign loan being sourced from the international financial markets, according to the minister. Adeosun, who appeared on a […]