The Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside has appealed to the Shell Petroleum Development Company (SPDC) not to relocate its corporate headquarters from Port Harcourt, Rivers State capital. A Statement from his media team said that Peterside’s appeal comes as the Rivers State Government on Wednesday, through its Attorney-General, […]
Federation Account Allocation Committee (FAAC) on Friday shared N400 billion, which is N13.1 billion more than what the three tiers of government shared as revenue in December. The Minister of Finance, Mrs Kemi Adeosun, said the N400 billion was distributed under four distributable sub-heads. They are: statutory allocation, where the sum of N224.88 billion was […]
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Thursday denied reports speculating an imminent fuel scarcity over Federal Government’s inability to pay fuel marketers’ N660 billion debt. In a statement released in Abuja by the PPPRA spokesman, Mr Lanre Oladele, the agency said the report was misleading and “a gross misrepresentation of facts”. […]
One of Africa’s largest business incubator- The Tony Elumelu Foundation is now accepting applications from African entrepreneurs. If you’ve got a business idea or a startup that you probably are uncertain of how to proceed or lack the funds to do so, then you should apply. This program is part of TEF’s 10-year, $100 million commitment […]
The Nigerian stock market went down by 6.17 per cent in 2016, making it the third consecutive decline as economic headwinds affected investors’ participation in the market. However, the decline in 2016 is lower that what was recorded in 2014 and 2015 when the market dipped by 16.1 per cent and 17.4 per cent respectively. […]
The nation’s foreign exchange (forex) reserves have recorded an increase of $860 million after a four-week persistent and gradual gain despite pressure at both the interbank and parallel markets.
The Nigerian Civil Aviation Authority (NCAA) has issued a N6million fine to Arik Air Limited for contravening the provisions of the Nigerian Civil Aviation Regulations (Nig.CARs). The NCAA also ordered the airline to pay its passengers ,whose baggage were delayed on the London to Lagos route between Dec. 2 and Dec. 4 , $150 each […]