Business

Another Petrol price increase likely as NNPC hints on unsustainable subsidy

Group General Manager, Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the Federal Government subsidises Premium Motor Spirit with about N120bn ($263.25m) monthly. He said while the actual cost of importation and handling charges amounts to N234 per litre the government had been selling at N162 per litre therefore bearing the difference. Kyari spoke […]

Business

Modular Floating Dock on Course, Assures NIMASA, NPA

 Director-General of Nigerian Maritime Administration Safety Agency (NIMASA), Dr. Bashir Jamoh, has assured maritime stakeholders that the Agency’s modular floating dock is in the process of being deployed. Jamoh disclosed this during a visit to Managing Director of Nigerian Ports Authority (NPA) Hadiza Bala-Usman at the NPA headquarters, Marina, Lagos. Jamoh stated, “I am here […]

Business

 COVID-19: UN calls for greater regional cooperation for sustainable, resilient recovery in Asia, the Pacific

UN calls for greater regional cooperation to ensure sustainable and resilient recovery from COVID-19 in Asia and the Pacific The Sistem Monitoring Imunisasi Logistik Secara Elektronik (SMILE), an innovative platform to digitize the vaccine cold chain run jointly by the Indonesia Ministry of Health since 2018, is being used to monitor roll-out of COVID-19 vaccines […]

Business

NPA Management Hosts NIMASA Director General

By Foster Obi The synergy between heads of maritime agencies was again strengthened when the Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh paid a working visit to the Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman at the NPA headquarters Marina, Lagos. Pix shows  L-R: The Executive Dir., Engineering& […]

Business

Ikeja Electric bags latest ISO certifications as Mgt restates commitment to excellence

By Foster Obi Nigeria’s leading Electricity Distribution Company, Ikeja Electric has scored another first in the electricity sector, after bagging three latest International Organization for Standardization (ISO) certifications ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 in recognition of its effective implementation of Occupational Safety &Health, Environment Management and Quality Managementprocesses. In addition, the DisCo also […]

Business

 $5bn stolen from Nigeria frozen in foreign countries says Transparency International

Transparency International (TI) says an estimated $5 billion stolen from Nigeria is frozen in accounts in foreign countries. This was disclosed on Monday in Abuja during a media workshop organised by the Civil Society Legislative Advocacy Centre (CISLAC), local chapter of TI in Nigeria. Vaclav Prusa, CISLAC policy advisor, said Nigeria is responsible for the […]