Business

Oando grows half year revenue to N2.1trn

Oando grows half year revenue to N2.1trn

Oando Plc has recorded a 20 per cent increase in revenue to N2.1 trillion for the half-year ended June 30, driven by higher crude oil production, improved operational efficiency and cost optimisation.
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Retirement crisis hits NIMASA as Director resigns in anger

Retirement crisis hits NIMASA as Director resigns in anger

THE management of the Nigerian Maritime Administration and Safety Agency (NIMASA) is currently in a quandary over the unexpected resignation of one its Directors, Barrister Boniface Igwe as a result of the retention of another Director (names withheld) who has retired and was paid off.

Another era of cement surplus is here

Another era of cement surplus is here

Fifty years after, there is a strong indication that the Nigerian economy is heading for an era of cement surplus and there would be left overs for the export market.

NIM, NPA partner on capacity building

NIM, NPA partner on capacity building

THE management of the Nigerian Ports Authority (NPA) has concluded plans to partner with the Nigerian Institute of Management (NIM) for the development and sharpening of the Managerial skills of its personnel.

Nigeria still a spectator in N41bn global biotechnology industry -PSN President

Nigeria still a spectator in N41bn global biotechnology industry -PSN President

The Pharmaceuticals industry in the country currently contributes less than 5 percent to GDP (gross domestic product). In this interview, the President of the Pharmaceutical Society of Nigeria, PSN, Pharm. Azubuike Okwor, says despite the injection of N200 billion Pharmaceutical Development Fund by the Federal Government, Nigeria is but only a spectator in the 41 billion naira global biotechnology industry. Excerpts:

NIMASA DG assures of continuous training for dockworkers

NIMASA DG assures of continuous training for dockworkers

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Ziakede Akpobolokemi has said that the agency will continue to train dockworkers operating in the nation’s ports in order to improve their productivity and the volume of cargo coming into the country.

Gambia solicit Nigeria’s support for PMAWCA top job

Gambia solicit Nigeria’s support for PMAWCA top job

THE Managing Director of the Gambia Port Authority last week visited management of the Nigerian Ports Authority, with a view to soliciting Nigeria’s support in the forthcoming election to the office of the Secretary General of Port Management Administration of West and Central Africa (PMAWCA).

Group blames bad policies for loss of $1.8b annually

Group blames bad policies for loss of $1.8b annually

Nigeria Maritime Expo otherwise called IMAREX, organizers of the biggest exhibition in the country has blamed bad policies, inadequate capacity building and untapped opportunities in the sector as factor affecting the industry, leading to the loss of $1.8 annually.

Ferry operators groan under menace of water hyacinth

Ferry operators groan under menace of water hyacinth

OPERATORS of ferry services in Lagos are currently groaning under the menace of water hyacinth as their boats have been trapped by the weeds thereby making commuters find alternative mode of transport from some parts of Lagos

Security concession: Nigeria risks UN sanctions

Security concession: Nigeria risks UN sanctions

Operators in the maritime industry have warned that the nation risk sanction by the International Maritime Organisation (IMO) should it continue with the concession of the nation’s maritime domain.