OTHER BUSINESSES

The Federal Government has begun move to fight and eradicate corruption which stakeholders have identified as the problem facing development of Nigerian ports. The Federal Ministry of Transportation introduced Standard Operating Procedures (SOP) and the Port Services Support Portal (PSSP) in the Lagos Ports Complex following series of sharp practices....

The National Insurance Commission (NAICOM) is set to create alternative distribution channels which insurance companies can explore to sell their products and services across the country. The Commissioner for Insurance, Alhaji Mohammed Kari, who stated this at the 2016 Insurance Professional Forum in Abeokuta, Ogun State, added that the commission...

  *** To set up processing plant As Delta state seeks to diversify its economy, Governor Ifeanyi Okowa has disclosed that the agricultural sector would engender growth, stimulate the economy and create  employment for the people of the state Speaking when he received on a courtesy call, the management team...

Nigeria Customs Service (NCS) Tincan Island Command has generated N26.2 billion in the last one month. In a statement by the command’s Public Relations Officer, Mr. Uche Ejesieme, the Area Controller of the command, Comptroller Yusuf Bashar explained that the amount generated was due to the operational reforms and policies...

The Director, Centre for Pension Right Advocacy (CPRA), Barr Ivor Takor, said lack of sufficient money in the Retirement Benefits Bond Redemption Fund Account (RBBRFA) in the Central Bank of Nigeria (CBN) was the current cause for the delays in paying the pension of retired federal public servants. This, he...

  The Lagos Chamber of Commerce and Industry (LCCI) is set to hold its 2016 Members’ Day exhibition and networking event with the theme “Increasing the Visibility of Members”. The event is an opportunity for all members of the chamber to showcase their products and services to the general public....

Industrial And General Insurance (IGI) Plc has paid N1.2 billion as claims to its policyholders between January and August, 2016. A statement from the firm and made available to Business247 Online News at the weekend said, claims paid out under general business amounted to N273.5 million, including N107.2 million which...

As companies in both public and private sectors keep closing down, with some laying off their staff on  daily basis, as a result of the current economic downturn in the country, more unemployed Nigerians have the opportunity of resorting to drawing 25 per cent of their pension contributions to meet...

Suffering of Nigerian masses may soon be heightened as the former Group Managing Directors (GMDs) of the Nigerian National Petroleum Corporation (NNPC), at the weekend, have expressed the fear that the current pump price of N145 per litre was no longer feasible, meaning that there may be an upward review...

The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Dr. Dakuku Peterside has stated that ensuring a good security in the maritime industry requires careful planning and stringent implementation. The DG stated this during the closing ceremony of a of a five-day training programme tagged “train the...