archiveOctober 2017

*NEC forms Governors’ Committee of 6 to work with Industrial Policy & Competitiveness Advisory Council Both the federal and state governments would be working together to forge a common front in the nation’s bid for industrialisation. This was one of the highlights at the National Economic Council (NEC) meeting presided...

Royal Dutch Shell’s subsidiary in Nigeria, SPDC, lifted force majeure on Bonny Light crude oil exports at noon local time (1100 GMT) on Thursday, a spokesman said. Shell declared force majeure one month ago following the shutdown of the Nembe Creek Trunk Line, one of the two main pipelines taking...

President Muhammadu Buhari has directed all relevant agencies to compile documents on names of all suspected looters. This was disclosed by the Attorney General of the Federation and Minister of Justice, Abukabar Malami, SAN, in Abuja during a meeting with a delegation from Social-Economic Rights and Accountability Project, SERAP. He...

Access Bank Plc, the majority shareholder of Access Bank Ghana, which is ranked as one of the top-three banks in Nigeria and amongst the top 20 banks in Africa by assets and capital, has announced its intention to inject additional capital into the Bank’s operations in Ghana before end of...

The Senate has resolved that it will next week consider how the Paris Club refunds doled out to state governments was approved. President Muhammadu Buhari gave part of the Paris Club refunds to state governors as bailout funds to assist them to offset salary arrears they owed their workers. The...

The Vice President, Professor Yemi Osinbajo and the nation’s leading industrialist and President of the Dangote Group, Aliko Dangote will lead others to the maiden edition of Alaghodaro Investment Summit, to be hosted by the Edo State Government, in Benin City, beginning on November 10. The three-day summit themed: “Envisioning...

Shareholders of Oando Plc on Thursday commended the Securities and Exchange Commission (SEC) for its resolve to investigate allegation levelled against the management of the company. Reacting to the development, National Coordinator Progressive Shareholders Association of Nigeria, Mr. Boniface Okezie said the decision will restore investors’ confidence in the capital...

The Bayelsa State Commissioner for Information and Orientation, Daniel Iworiso-Markson has charged members of the Nigeria Association of Women Journalists (NAWOJ) to sensitise ‎Bayelsans on the newly launched 'ContrimanDirect'. The ContrimanDirect which was officially unveiled last Wednesday by Governor Seriake Dickson gives people of the state direct access to the...

Nigeria’s Dangote Cement is still interested in acquiring South African rival PPC and would do a deal at the right price, its outgoing Chief Executive Officer Onne van der Weijde said on Thursday. Weijde said PPC was a “good fit” for Dangote Cement, which is majority owned by Africa’s richest...

The World Bank Group, on Wednesday, denied that the Bank disagreed with Honourable Minister of Finance, Mrs. Kemi Adeosun, over the borrowings by the Nigerian Government to stimulate the economy and finance infrastructure projects in the country. In a mail to the Minister by the Senior Communications Officer of the...