Nigeria information and culture minister Lai Mohammed has said that last minute pull out of core investors forced Nigeria to suspend the establishment of a national carrier, Nigeria Air. He said in Lagos that the decision became necessary because the Federal Government resolved not to finance the project alone. He noted, however, that the project […]
The Federal Executive Council (FEC) on Wednesday approved 64.2 million dollars for power supply project to communities within Escravos area of Delta State. Dr Ibe Kachikwu, the Minister of State for Petroleum Resources, disclosed this while briefing State House correspondents after FEC meeting presided over by the Vice President, Prof. Yemi Osinbajo, in the Presidential […]
Nigeria’s main unions will begin an indefinite nationwide strike over the minimum wage on Thursday, after talks with the government broke down, the leader of an umbrella labour body representing them said on Wednesday. President Muhammadu Buhari’s government had vowed to review the minimum wage, particularly in the wake of a fuel price hike and […]
More than 400 businesses owned by Nigerians have been closed by authorities in Ghana, sparking a protest by owners who have issued a week ultimatum within which to resolve the surrounding the maltreatment of Nigerian business community in Ghana. The National Association of Nigerian Traders (NANTS) has written a petition to President Muhammadu Buhari and […]
A day after the American Petroleum Institute reported an inventory build that some traders took as a surprise and started selling their oil holdings; the EIA confirmed a build, at 1.9 million barrels for the week to September 21. Prices, however, did not react particularly strongly amid a flurry of other news coming in. For […]
The Federal Road Safety Corps (FRSC said it had arrested 129, 060 offenders for failure to install the Speed Limiting Device (SLD) on their vehicles and for speed limit violation in the country. FRSC began implementation of the speed limiter policy on Feb. 1, 2017 to address the issue of speeding blamed for 50 per […]
A group of migrants rescued from the Mediterranean in July by charity ship Aquarius have a new home in Fundao, a small Portuguese town badly hit by wildfires last year, the government said. Fundao, about 260 km (162 miles) north of the capital Lisbon, has close to 30,000 inhabitants. In August 2017 a wildfire destroyed […]
PZ Cussons Plc said on Wednesday its quarterly results were in line with expectations, even as the soaps and cosmetics maker’s prices, volumes and margins in Nigeria remained under pressure. PZ Cussons said new products and cost cuts helped offset challenging trading conditions in Nigeria for the quarter ended Aug. 31. Shares of the company […]
The Nigerian Shippers’ Council (NSC) is entering an understanding with shipping companies for the reduction of the cost of doing business at ports to the tune of 35 per cent. The NSC Executive Secretary, Mr Hassan Bello, disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. He spoke […]
… As African Maritime Leaders Hail His Re-election By Foster Obi The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has been re-elected the Chairman of the Association of African Maritime Administration (AAMA) for another term. Dakuku who is the incumbent Chairman of the Association was unanimously elected to […]