Government must drive diversification process   – Ekpo

Photo Caption: Caption: Captain Iheanacho Ebubeogwu receiving the award for Trade Facilitation and Transparency On behalf of the Nigerian Ports Authority, from Mr Marcel Okeke, Anambra State Deputy Governorship aspirant in the last election On the Occassion of the NEPAC Awards ceremony held Thursday at the Sheraton, Lagos Hotel and Towers By Andy Nssien The Director-General of the West African Institute for Financial and Economic Management ( WAIFEM), Prof. Akpan Hogan Ekpo has stressed the need for the Government to play  active role  in diversifying the Nigerian economy through formulating and…

Read More

Cross River Garment factory to be launched during Carnival Calabar

The Cross River State government has concluded arrangements to launch its owned garment factory during this year’s Calabar Carnival. The recent unveiling of the new range of wears which included T-shirts, boxers, polo, shirts and trousers by the State government owned garment factory in partnership with Blue Ocean of India is in line with the state government’s cardinal vision of producing clothing that can compete with the best designs in the world. Speaking while inspecting the products at the Calabar Garment Factory, the governor, Prof Ben Ayade said he was…

Read More

NAHCO posts N7.25b turnover in nine months

.. Leverages on service, process improvements Riding on the back of an excellent half – year performance, the Nigerian Aviation Handling Company plc (nahco aviance) has once again posted impressive Q3 results. The company leveraged on service and process improvements to achieve the impressive result In the figures released to the Nigerian Stock Exchange (NSE), the Company recorded an impressive N7.25Billion turnover for the nine-month period which ended September 30, 2018. This is an increase of 25 percent over the same period in 2017. This outstanding performance saw the Company…

Read More

AMCON, CBN win NSITF compliance award  

Photo Caption: Executive Director, Asset management Corporation of Nigeria (AMCON) Mr. Aminu Ismail (2nd left) presenting the NSITF compliance awards to AMCON Managing Director/Chief Executive Officer, Mr. Ahmed Kuru (2nd right); with them are AMCON Company Secretary/Legal Adviser, Mr. Saidu Jallo (right) and AMCON Group Head, Resolution, Mr. Jushua Ikioda (left) when the AMCON boss received the award in Abuja on Friday.    The managing director/chief executive officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru (ALK) at the weekend officially received the award plaque, presented to the…

Read More

Frost & Sullivan expands into North, West Africa

Frost & Sullivan, a global growth advisory and market intelligence firm, has announce its dedicated presence in North and West Africa to help Africa grow. The firm will offer its global expertise within the local context to provide practical and sustainable support and assist in growing organisations from a research and consulting perspective. With four dedicated offices in Africa and strategic partnerships in 13 additional countries, Frost & Sullivan is well equipped to support investors, corporate leaders and governments in areas where development is needed. Africa operations director/ partner, Hendrik…

Read More

CBN withdraws Skye Bank license

.. Establishes Polaris Bank to assume its assets, liabilities Central Bank of Nigeria, CBN has withdraw the banking license of Skye Bank Plc and established a new bank, Polaris Bank to take over its assets and liabilities. Speaking during a press briefing to announce the withdrawal of Skye Bank licence on Friday September 21, the CBN Governor, Mr. Godwin Emefiele stated that the result of its examinations and forensic audit of the bank has revealed that Skye bank requires urgent recapitalisation as it can no longer continue to live on…

Read More

Clarke Energy invests £650,000 in first assembly plant for generating sets in Lagos

Clarke Energy, working with Kohler SDMO, plan to open their first assembly plant for diesel engines which will be based in Nigeria, demonstrating the companies continued commitment to international trade. The £650,000 investment coming from the UK will be located in Lagos and employ 22 full time staff at start up. The facility is planned to assemble diesel genset units up to 700kW with plans to further expand its capabilities building larger units once the plant is completely operational. Clarke Energy, Kohler SDMO and their local distributors will sell the…

Read More

NSE boss unveils Foundation to fund education for indigent students

The Chief Executive Officer of the Nigerian Stock Exchange, Oscar N. Onyema on Thursday, August 17, 2018, unveil the Oscar N. Onyema (ONO) Foundation to provide selfless sustainable high impact programs that will positively affect the society. The unveiling event was witnessed by a cross section of dignitaries from media, development work, organised private sector amongst others. The Oscar N. Onyema Foundation is a not-for-profit and non-political organization set up to transform the lives of less privileged children and youth in Nigeria. The primary goal of the Foundation is to…

Read More

Nigeria loses over N3.6trillion on Agro Export Commodities- Report

Report on Agro Air Logistics in Nigeria has estimated that the country is losing about N3.6trillion to export opportunities from agricultural commodities. The figure which was part of the report obtained from a recent workshop on Agro Air Logistics with Sub theme ‘Enhancing Air Transport Support for Perishable Goods’ at the Airport Business Summit and Expo 2018 conducted by FCI International Limited in Abuja observed that the loses was due to lack of operational and investment drives in the agro perishable industry and the aviation sector. According to the report,…

Read More