Business

Eastern Ports Rehabilitation:  FG awards Escravos Channel dredging, breakwater reconstruction

As part of efforts to revitalize the Eastern ports, the Federal Government, through the Nigerian Ports Authority (NPA), has awarded the contract for the reconstruction of the dilapidated Escravos Channel at Warri Port, Delta State. Confirming the development, Mr. Ikechukwu Oyenmakara, General Manager of Corporate and Strategic Communication at the Nigerian Ports Authority, stated that […]
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Naira restructuring: Group warns CBN against currency trafficking

Coalition Against Corrupt Leaders (CACOL) has asked the Governor of the Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi, to beware of encouraging currency trafficking by the proposed plan of introducing N5, 000 note to the nation’s currency.

We’re not monopolising cement sector – Dangote

The Dangote Group says their aggressive expansion of cement plants across the country is not to monopolies the industry but to ensure government’s target of self sufficiency is met next year.

President Jonathan commissions Onitsha river port today

PLANS have been concluded for the commissioning of Onitsha River Port Complex by President Goodluck Ebele Jonathan today, August 30th, 2012 amid a push for more investments in the nation’s waterway system.

Escravos pilots decry faulty positioning of buoys

MARINE pilots operating in the Escravos Channel have decried faulty and wrong positioning of the fair way buoys on the channel, a development they said can lead to ship running aground and cause other marine accidents.

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