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Boko Haram : World Bank To Spend $2.1 In North East

The World Bank has unfolded a package which would see it spending up to $2.1 billion in rebuilding the badly devastated North-Eastern part of Nigeria, ravaged for the past six years by the Boko Haram insurgency. At a meeting in Washington today with representatives of the World Bank, the Bill …

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APM Terminals Apapa Sets New Nigerian Productivity Record

Foremost terminal operator,  APM Terminals Apapa has set a new productivity milestone for container terminals operations in Nigeria. Official notice from the organization issued by its spokesperson, Bolaji Akinola,  indicates that the feat was achieved precisely on June 29, 2015, in which it recorded an unprecedented productivity level. The company …

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Greece: Banks Re-open To Reboot Economy, Taxes Raised

Banks in Greece have re-opened after a three-week shutdown that saw the country plunged into financial chaos. However, capital controls are to remain in place, with taxes set to shoot up. From Monday, Greeks were able to withdraw up to 420 euros ($465) at once each week – the same …

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113 Vessels Banned From Lifting Crude Oil In Nigeria – NNPC

The Nigerian National Petroleum Corporation (NNPC) has banned 113 oil tankers from lifting crude oil from Nigeria due to sharp practices recorded in the export of Nigeria’s crude. According to a document signed by Gbenga Komolafe, Group General Manager, Crude Oil Marketing Division, NNPC, the vessels are banned from entering …

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Stanbic IBTC Earns N68bn At Half-year, 11% Higher Than Last Year

Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced its six months’ unaudited results for the period ended June 30, 2015, with gross earnings at N68.3 billion, an increase of 11 percent over the N61.7 billion recorded in the comparable period of last year. According to the …

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Questions Okonjo-Iweala Could Not Answer – Adams Oshiomhole

    Governor Adams Oshiomhole of Edo State has said that there is nothing ‘personal’ between him and former minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala. The governor in a statement by Kassim Afegbua, Special Adviser, Media and Public Affairs, to the governor, on Thursday …

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AKPOBOLOKEMI: End of an era in NIMASA

President Muhammadu Buhari has terminated the appointment of Patrick Ziakede Akpobolokemi as Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA). A statement by Femi Adesina, the special adviser to the President on media and publicity, the termination of Mr. Akpobolokemi’s appointment takes immediate effect. “He is to hand …

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Questions Okonjo-Iweala Could Not Answer – Adams Oshiomhole

Governor Adams Oshiomhole of Edo State has said that there is nothing ‘personal’ between him and former minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala. The governor in a statement by Kassim Afegbua, Special Adviser, Media and Public Affairs, to the governor, on Thursday said the …

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Don’t Kill NNPC, Insulate It From Political Interference For Global Best Practices – PENGASSAN

Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has described as ill-informed and unnecessary the call for the scrapping of the Nigerian National Petroleum Corporation (NNPC) by Kaduna State Governor Nasir el-Rufai. Mr. Lumumba Okugbawa, PENGASSAN’s Acting General Secretary, reacting to the governor’s comment in a paper he …

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GOtv Goes Live In Nnewi, Unveils ‘Double Double’ Promo

Digital terrestrial pay-TV, GOtv has extended its service to Nnewi, Anambra State. The extension, according to the pay-TV firm, is coming on the heels of its recently introduced ‘GOtv Double Double’ promo. GOtv said it had previously covered Awka and Onitsha in Anambra State but this move gives more Nigerians …

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