NPA MD opens up an alleged dredging contract scam

NPA MD opens up an alleged dredging contract scam

The Nigerian Ports Authority, NPA, has broken its silence over alleged irregularities in the award of the dredging contracts in the Escravos, Warri Port and the Calabar Port channels, insisting that the awards followed every known due process provided in the extant laws. This is against the backdrop of speculations that the dredging contracts were […]

ANALYSIS: Why World Bank rates Nigeria Customs low

ANALYSIS:  Why World Bank rates Nigeria Customs low

ADEYEMI ADEBAYO reports that despite recent claims of reform, tightening border security and raking in huge revenues in duties, the Nigerian Customs Service (NCS) remains poorly managed. In the 2018 World Bank “Connecting to Compete Report On Trade Logistics In The Global Economy,” the Nigeria Customs Service (NCS) was rated 110 out of 160 countries […]

Milk production: FrieslandCampina to invest 23m Euros in Nigeria

Milk production:  FrieslandCampina to invest 23m Euros in Nigeria

Royal FrieslandCampina has announced its decision to invest 23 million Euros in local milk production as part of its Dairy Development Programme (DDP) in Nigeria, according to Hein Schumacher, the company’s global chief executive officer. Schumacher made the statement in Abuja on Friday while he led FrieslandCampina delegation on a courtesy visit to Vice President […]

New Ecobank boss promises customer-focused services

New Ecobank boss promises customer-focused services

The new Managing Director and Regional Executive of Ecobank Nigeria, Patrick Akin Akinwuntan, has assured that he would deliver the brand promise of the bank as a leading financial institution in Nigeria. He gave the assurance as he assumed office on Wednesday. A press statement issued on behalf of Ecobank by APO GROUP, quotes the […]

Top 50 Brands: Dangote is most valuable brand in Nigeria

Top 50 Brands: Dangote is most valuable brand in Nigeria

Dangote Brand has emerged the most valuable brand among the top 50 brands in Nigeria, according to a brand survey unveiled in Lagos at the weekend. This makes it the first Nigerian Brand to achieve the feat since 2013. Brand Nigeria, the agency that coordinated the survey in Nigeria, in its report commended  the efforts of […]

FG committed to fast-tracking ERGP implementation – Udo-Udoma

FG committed to fast-tracking ERGP implementation – Udo-Udoma

Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday reiterated Federal Government’s commitment to the implementation of the various strategies set out in the Economic Recovery and Growth Plan (ERGP), to address the five execution priorities of Macroeconomic Stabilization, Agriculture and Food Security, Transportation, Energy and Industrialization. Senator Udoma who was addressing […]

Bank Customers Association of Nigeria holds summit

Bank Customers Association of Nigeria holds summit

Bank Customers Association of Nigeria (BCAN) will hold its 3rd Biennial Summit on Thursday, August 30, 2018 at Lagos Airport Hotel, Ikeja, Lagos. The theme of the summit is: “Rights and Obligations of Bank Customers.” According to a press statement issued in Lagos by Founder and Chief Executive Officer of Bank Customers Association of Nigeria, […]

Tony Elumelu hosts 5,000 entrepreneurs

Tony Elumelu hosts 5,000 entrepreneurs

Africapitalism, a business philosophy made popular by one of Africa’s leading entrepreneurs, Tony Elumelu, will receive a boost at the 4th Annual Tony Elumelu Foundation Entrepreneurship Forum scheduled for 25th October, 2018. No fewer than 5,000 entrepreneurs are expected at the event which will take place at the Federal Palace Hotel in Victoria Island, Lagos. […]

CBN injects $210m into foreign exchange

CBN injects $210m into foreign exchange

The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting 210 million dollars into the various segments of the market. The Acting Director, Corporate Communications, CBN, Mr. Isaac Okorafor, on Tuesday in Abuja, said the apex bank offered 100 million dollars  as wholesale interventions and allocated 55 […]

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