Nigeria is losing about $9bn annually to foreign shipowners because the country has no single vessel that is involved in international freight services, the Nigerian Shippers’ Council stated on Thursday. According to the council, Nigeria makes nothing from the billions of dollars spent by importers and exporters as freight fees to owners of vessels, as […]

The Chairman, NEM Insurance Plc, Dr Fidelis Ayebae, has revealed plans of the company to increase its issued share capital. Ayebae, while speaking at the company’s Annual General Meeting in Lagos on Wednesday, said the company would proactively begin to prepare to raise fund for the share capital increase, in addition to its plan for […]

The Nigerian insurance sector’s premium rose by 10 per cent to N400bn in the 2018 financial period, according to the Nigerian Insurers Association. The Chairman, NIA, Mr Tope Smart, disclosed this while presenting the 2018 annual report of the Nigerian insurance sector during the association’s 48th annual general meeting in Lagos on Thursday, which was […]

The management of BEDC Electricity Plc. (BEDC) has assured residents of Ondo South that it is committed to providing power to their various communities provided the federal Government through the Transmission Company of Nigeria (TCN) addresses the present technical constraints that impede power distribution to the areas. BEDC in its reaction to complaints by Governor […]

Sterling Bank Plc, Nigeria’s leading commercial bank, has said it is lending support to a programme organised by The Teaching Network Foundation (TTNF) in a bid to improve the quality of teachers in Nigeria’s education sector. The programme themed  “Introducing and Developing a Sustainable Assessment Strategy to Improve Teaching and Learning,” was held at the […]

The Nigeria Institution of Estate Surveyors & Valuers (NIESV) has called for urban regeneration of Lagos State. They said a development plan is needed as the population growth is expected  to double by 2050, making it the 3rd most populous city in the world according to reports by Worldpopulationreview.com. Chairman, NIESV, Lagos Branch, Mr. Adedotun Bamigbola […]

   The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is providing a Cocoa processing and export company in Ondo State – with 50% Credit Risk Guarantee for N2Billion working capital facility.   As part of the plan, the Nigerian Export-Import Bank (NEXIM) and UBA are financing the purchase, storage, processing and export of […]

The Federal Government has said it is focused on encouraging the exploitation, processing and refining of gold in Nigeria as well as preventing smuggling of the commodity out of the country. The Permanent Secretary, Ministry of Mines and Steel Development, Dr Abdulkadir Muazu, said the government had identified the mining sector as one of the […]

President Muhammadu Buhari has appointed Dr Thomas John as the acting alternate chairman of the Governing Board of the Nigerian National Petroleum Corporation, bringing to an end the tenure of the former Minister of State for Petroleum Resources, Dr Ibe Kachikwu. NNPC’s Group Managing Director, Maikanti Baru, who announced this in Abuja, stated that the […]

THE Federal Government has urged stakeholders in solid mineral exports to improve on their technical skills and production efficiency so as to compete favourably with their peers in the international markets. It also said its economic diversification policy will be meaningless if its solid minerals performed poorly in the international markets The Executive Director/Chief Executive, […]