OTHER BUSINESSES

Pension Fund Administrators (PFAs) under the auspices of the Pension Fund Operators Association of Nigeria ( PenOp) has called for careful investment of pension funds saying, careless deployment could wipe the gains already achieved within a twinkle of an eye. The Chairman of  PenOp, Mr. Eguarekhide Longe, who made the...

The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organised private sector (OPS) in Nigeria and the Delegation of German Industry and Commerce in Nigeria (DGIC) have signed a Memorandum of Understanding (MoU) to boost trade, investment and knowledge transfer...

The Chief Executive Officer, Unity Kapital Assurance, Mr. Michael Dogo, has been asked to resign by board and management of the company. A source at the company’ Annual General Meeting (AGM) in Abuja yesterday told Business247 News Online that the board had forced the former Unity Kapital Assurance boss to...

The Central Bank of Nigeria (CBN) has given a directive that all foreign exchange trades (forex) by Authorized Dealers (Banks) and Companies in the Nigerian forex market must be executed through the platform provided by the Financial Market Dealers Quotes (FMDQ)-advised forex trading, with effect from August 1, 2016. The...

The Managing Director of the Nigerian Ports Authority (NPA), Ms Hadiza Bala Usman, has demanded for world-class service from operators in the maritime sector. She disclosed this in Lagos yesterday in her maiden meeting with operators in the sector. Operators in the Nigerian Ports include shipping companies, terminal operators, service...

  The Acting Director-General of Bureau of Public Enterprises (BPE), Dr. Vincent Akpotaire has called for the separation of the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR). According to him, the oil and gas industry is not efficient and effective because PDR which is the...

Violating telcos risk N10m fine The Executive Vice Chairman of the Nigerian Communications Commission, (NCC) Prof. Umar Garba Danbatta has stated that from tomorrow, 20th July, telecommunications service providers must activate a “Do Not Disturb facility” for subscribers who do not want to receive unsolicited text messages, stressing that telecom...

  There is an anxiety that the Information Communications Technology (ICT) Tax Bill may threaten the 30 per cent broadband penetration target from its 10 per cent in Nigeria if it is passed into law. There has been a debate at the National Assembly over the passage of ICT tax...

Olisa Agbakoba (SAN) has welcomed the appointment of Ms Hadiza Bala Usman as the Managing Director of the Nigerian Ports Authority (NPA). Agbakoba in a press statement extolled the DG and urged her to immediately review concession agreement in the country. According to him, “The immediate tasks that should be...

ENL Consortium, the operator of Terminals C and D at the Lagos Port Complex in Apapa –has disowned dockworkers who staged a protest at the Nigerian Ports Authority (NPA) Headquarters in Marina, Lagos over their severance benefits yesterday. The Legal Adviser of the company, Barrister Uzamot Boye, said that at...