Category Archives: Featured

Logistics sector wobbles under harsh operating condition

The logistics industry, like its peers, is faced with various challenges ranging from high-interest rates, operations cost and stringent government regulations. Indeed, poor transportation infrastructure is considered to be the most significant challenge facing logistics providers, which must be addressed

As NLNG prepares for train-7

After about 12 years of delay in deciding on its planned capacity expansion, the NLNG recently in Abuja, disclosed it would finally start the push to expand its production level from 22mtpa to 30mtpa, with the construction of an additional

FG gives NCC 9-Day to deactivate 2.24m SIM cards

The federal government yesterday ordered the Nigerian Communications Commission (NCC) to deactivate 2.24million improperly registered Sim cards on or before 25th September. The minister of Communications, Dr. Ibrahim Pantami issued the directive during the inauguration of the newly constituted board

FG inaugurates Family Homes Fund board, targets 500,000 houses

Minister of Finance,  Budget and Economic Planning, Mrs. Zainab Ahmed, on Monday inaugurated the board of Family Homes Funds (FHF), with a charge on the members to ensure they deliver on their mandate by providing affordable homes for 500,000 low income

Trophy, hero receive international recognition

In recognition of International Breweries Plc’s reputation for quality and excellence, two of its leading beer brands and national treasures, Trophy lager and Hero lager, have been awarded Gold Quality Awards in the Beers, Waters and Soft Drinks category by

Aero resumes flight operations to Benin City

Nigeria’s foremost airline, Aero Contractors would resume flight operations to Benin City, the Edo State capital today (September 16, 2019). Aero, the first in Nigeria and West African aviation industry to operate a maintenance facility, which conducts C- Checks on

AfCFTA as enabler for Nigeria’s industrialisation

In its quest for industrialisation Nigeria, has tried its hands on different industrial policies. But indications so far have shown that these policy have hardly helped Nigeria to attain the required level of industrialisation that can make dynamic change in the

NNPC Agrees to $2.5bn financing with chinese lender for pipeline project

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has disclosed that the corporation has agreed to a $2.5 billion financing with a Chinese lender for pipeline project in Nigeria. Kyari also said that the

Nigerian bourse and destabilising influence of foreign investors

The Nigerian capital market has witnessed enormous capital flight and sell-off from the foreign investors in the past few years, owing to the nation’s adjudged gloomy macroeconomic outlook and heightening political risks. The ensuing sell down by foreign investors, who

Private sector now highest contributor to NSITF fund, says NECA

Nigeria Employers Consultative Assembly (NECA) has said private sector operators are presently leading contributors to the Nigeria Social Insurance Trust Fund (NSITF). NECA Director General, Mr. Timothy Olawale, who revealed this in an interview in Abuja shortly after a workshop

Recapitalisation key to bigger risks underwriting, says regulator

The National Insurance Commission (NIACOM) has said the ongoing recapitalisation exercise will enhance the capacity of local insurance companies to retain risk businesses in the country. The Acting Commissioner for Insurance, Sunday Thomas, who spoke at the industry gathering at

Why Nigerians should consume locally produced goods – MAN

The Manufacturers Association of Nigeria (MAN) has urged Nigerians to endeavour to consume goods produced locally due to its many advantages. First, the more we use made in Nigeria products, the more our manufacturers expand, the more they grow, and the