Category: Business and Finance

In line with the newly endorsed protocols by the International Maritime Organisation (IMO] designed to lift barriers to crew changes, amid the coronavirus pandemic, the Management of the Nigerian Maritime Administration and Safety Agency (NIMASA] has designated Seafarers and Dockworkers as essential workers who should be exempted from travel restrictions. The exemptions are contained in… Read More »

The Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi, inaugurated the Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) on Thursday in Abuja, with a charge to the members to speed up completion of the Deep Blue Project. The maritime security project, also known as the Integrated National Security and Waterways Protection Infrastructure,… Read More »

The recently repatriated Sani Abacha loot will go towards three of the Federal Government’s five priority projects, excluding the Mambilla power and East-West road projects. In an earlier statement, I had mistakenly noted that the Mambilla was one of five priority projects to benefit from the $311 million Abacha loot under the Presidential Infrastructure Development… Read More »

Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited has announced that its *894# Unstructured Supplementary Service Data (USSD), Quick Banking service has hit over 9.5 million customers. This is in clear demonstration of its acknowledged leadership in electronic Banking. The Bank’s USSD banking service, launched in January 2015, is an easy to… Read More »

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, will host a virtual SME Business Clinic to provide insightful information on how SMEs can better manage the financial activities of their businesses. The clinic which is scheduled to hold via Microsoft Teams by 11 am on Thursday, 7 May 2020 is… Read More »

On Monday, May 4, 2020, some $311 million US Dollars – stolen from the citizens of Nigeria during the Abacha regime – were safely returned to our country from the United States. These funds have already been allocated, and will be used in full, for vital and decades-overdue infrastructure development: The second Niger Bridge, the… Read More »

A special meeting of the Bankers’ Committee was convened on May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry. The Committee particularly deliberated on the issue of the operating costs of banks in view of the disruptions emanating from the global economic difficulties and decided as follows:… Read More »

The Oyo State Road Transport Management Authority, OYRTMA, has unveiled a newly acquired maximum tonnage truck. This, it said would enhance operations of the Agency at Oyo and Ogbomosho zones of the State. OYRTMA’s Executive Chairman, Dr. Akin Fagbemi told newsmen that the heavy-duty tow truck acquired by Oyo State Government, has the ability to… Read More »

… As Vandalism of NNPC Pipelines Spikes Nigeria recorded crude oil and gas export sale of $434.85million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures, the Nigerian National Petroleum Corporation’s (NNPC) Monthly Financial and Operations Report, released today, in Abuja has stated. The statement by the corporation’s Group… Read More »

  …Refutes 5G deployment insinuations The ongoing laying of fibre optic cables and the deployment of other telecoms equipment by mobile network operators (MNOs) across Lagos and other states is entirely to expand their networks infrastructure across the country to provide more efficient services to the consumers, the Executive Vice Chairman (EVC) of the Nigerian… Read More »