The chairman of PrimePort Logistics ,Mr Femi Adewunmi has said that Port Harcourt international airport in Rivers States , has been losing an annual cargo revenue of about N4.7 billion due to underutilization of the airport by freight forwarders.

No fewer than 340,000 new jobs would be created in the next five years with the implementation of a new Cashew Export Strategy Programme initiated last week in Lagos by the Nigerian Export Promotion Council, NEPC, the National Cashew Association of Nigeria and USAID/NEXTT.

Recently, the Minister of Federal Capital Territory Administration, FCTA, Senator Bala Mohammed, re-organised the Abuja Environmental Protection Board, AEPB, the territory’s agency vested with the responsibility of ensuring a clean environment in the nation’s capital city.

THE former National Secretary of the Labour Party, LP, Abdulkadir Salam, has been elected as the new national chairman of the party at its fourth national convention held in Akure, the Ondo State capital, weekend. Salam replaces Dan Nwanyanwu who stepped down recently after spending 10 years and eight months as national chairman of the party.

President Goodluck Jonathan is to declare open the annual directors conference and exhibition of Institute of Directors, IoD, scheduled for Abuja on October 23.

United Kingdom Export Finance (UKEF), an arm of the UK Government that works as an export credit agency, has named Ecobank Nigeria as one of its partnering financial institutions to help deliver £3 billion Direct Lending Facility (DLF) support to UK exporters. Under the DLF, UKEF will provide loans to overseas buyers in order to finance the purchase of goods and services from UK exporters.

FORMER President Olusegun Obasanjo, yesterday, explained why he preferred to be active only at the ward level of his party even as he said he bears no grudge against anyone.

Crude oil has always been slippery stuff – good when under control; destructive when out of control. Crude oil is about to destroy the Nigerian economy faster then Boko Haram or even Ebola.

Jumia Nigeria have entered into partnership with MTN to extend their inventory to offline customers all over Nigeria during the Jumia Connectivity week that wll kick off today.

ENUGU—MEMBERS of Enugu State House of Assembly have begun the scrutiny of the accounts of the Government of Enugu State for the year ended 31st December 2013 together with the financial statements of the Auditor-General.

SENATOR Bukola Saraki, a chieftain of the All Progressives Congress, yesterday, announced the suspension of his bid for the presidency in 2015 in the interest of the country and his party. His withdrawal from the presidential race is contained in a statement yesterday.

At least six ministers are expected to resign from office before the end of this week to join the governorship contest in their respective states in line with the guidelines of the Peoples Democratic Party, PDP.

Access to capital is one of the greatest challenges that confront entrepreneurs. In the technology space, capital is even more critical because the extent of skills and other technology investment considerations required are enormous, and fundamental.

NOBEL Laureate, Prof. Woke Soyinka, weekend, said the outgoing Governor of Ekiti State, Dr Kayode Fayemi, has placed the State on an honourable footing by the various programmes and legacy projects he has put in place, adding, however, that the decision to toe Fayemi’s path is the choice of the successor.

The term business denotes a particular trade or profession designed to provide goods and/or services to consumers. And in like vein, any organization which provides these services is also referred to as a ‘Business’. Businesses play a vital role in the life and culture of countries with capitalist and free-market economies.