Crude oil, aviation fuel top import chart at Lekki deep-sea port
By Godwin Oritse Crude oil and other refined petroleum products dominated import activities at the Lekki Deep Sea Port in the first week of August, accounting for 1,867,712 metric tonnes of crude oil-based products brought into the country through the facility. Shipping documents obtained by Vanguard showed that petroleum products dominated imports through the Lekki Deep […]
BlackBerry former co-CEO Balsillie sells entire stake
Jim Balsillie, the former co-CEO and a driving force behind BlackBerry, no longer owns shares in the Canadian smartphone maker, according to a US securities filing Thursday.
FG, Lagos to build Badagry Deep Seaport
…Set up 8-member c’ttee
Following the inability of the nation’s existing seaports to cope with the current demand of the services in the sector, the Federal Government said it has commenced the construction of a deep seaport in Badagry, Lagos State in order to accommodate high volume of cargo entering the country.
FG to establish development finance institution to attract long term fund
The Federal government has commenced work to establish a development finance institution for the purpose of attracting long term funds into the country.
Use of cassava flour in biscuits will pose a challenge – MD, A&P Foods
In this interview, Sameer Vaswani, the Managing Director, A &P Foods Limited, manufacturers of HAANSBRO brand of biscuits, chewing gums and sweets, spoke on how he has turned around the ten years old company from five staff to 1,500 workers. He also bore his mind on other salient issues affecting local biscuits and bread manufacturers.
N500bn needed for repositioning textile sector – Stakeholders
STAKEHOLDERS in the Cotton, Textile and Garment Sub-Sector of the economy have called on the federal government to jerk up the textile intervention fund for the sector to N500 billion. They say that the N100 billion currently being disbursed through the Bank of Industry was not sufficient to reviatlise the sector.
E-payment transactions through NEFT, NIP rise to N40bn per day
Daily electronic payment transactions through the Instant Payment (NIP) and Nigerian Electronic Fund Transfer (NEFT) of the Nigerian Inter Bank Settlement System (NIBSS) have increased significantly to about N40 billion daily.
Shareholders want SEC to check unwholesome capital market activities
Shareholders under the aegis of Proactive shareholders Association of Nigeria, PROSAN, have called on the Securities and Exchange Commission, SEC, to take steps to curtail activities capable of hampering the operation of the Nigerian Capital Market.
NSC to fight illegal charges in the shipping industry
In a bid to fight illegal charges in the shipping industry, Nigeria Shipper’s Council (NSC), has said that efforts are being made in reviewing the laws of the Council
Lagos light rail to be completed before June
The first phase of the Lagos light rail project will be ready for commuters’ use by the end of June. An engineer with Lagos Metropolitan Area Transport Authority, LAMATA, has told Vanguard.
FG’s N100bn textile intervention fund saves 8,070 jobs
The Minister of Trade and Investment, Mr. Olusegun Aganga, has said that about 8,070 jobs have been saved through the disbursement of the N100billion Cotton Textile Garment Intervention Fund.
