Business

Customs releases impounded trucks after CGC’s intervention at bonded terminal

Customs releases impounded trucks after CGC’s intervention at bonded terminal

By Godwin Oritse The Nigeria Customs Service (NCS) has released 36 trucks belonging to members of the Association of Maritime Truck Owners (AMATO) that were impounded during an investigation into alleged trade infractions at Zarmmak Bonded Terminal in the Amuwo Odofin area of Lagos. The trucks were detained by Customs Police attached to the Zone ‘A’ […]
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NAF, NAMA collaborate on Air safety

NAF, NAMA collaborate on Air safety

Nigerian Air Force, NAF, has re affirmed its commitment to continue to work with the Nigerian Airspace Management Agency, NAMA to ensure that the security of the nation’s airspace is not compromised.

Resourcery, Cisco prescribe video solution to Oil & Gas operations

Resourcery, Cisco prescribe video solution to Oil & Gas operations

Resourcery Plc, a systems integrating company and its networking partners, Cisco have advised to oil and gas executives to embrace videon solutions to improve their operations. This advise was given at a one-day business seminar or business executives in the Oil and Gas sector.

Expert challenges experiential marketing agencies on business model

Expert challenges experiential marketing agencies on business model

By Princewill Ekwujuru Chief  Executive Officer of EXP Nigeria and organiser of the Africa Experiential Marketing Summit (AEMS), Wole Olagundoye has charged agencies in experiential marketing business and others to continually challenge conservative clients to embrace new thinking in the profession rather than  being scared of doing anything beyond traditional realms. Olagundoye, who spoke  recently […]

Manufacturers raise concern over charges on BoI loans

Manufacturers raise concern over charges on BoI loans

Manufacturers Association of Nigeria, MAN Ikeja branch, has expressed concern over numerous charges their members are made to pay to secure the Bank of Industry, BoI, loans, calling for immediate review and possible reduction.

Growth of Nigeria’s economy is a paradox -Prof. Nwokoma

Growth of Nigeria’s economy is a paradox -Prof. Nwokoma

…Says Jonathan needs inclusive growth to tackle poverty, create jobs …
Ndubisi Ifeanyi Nwokoma is Professor of Economics and Head of the Department of Economics, University of Lagos. He is a Fellow, Chartered Institute of Stockbrokers. Until recently, he worked at the United Nations Economic Commission for Africa, Addis Ababa , Ethiopia, as Chief of Financing, Industry and Investment in the Economic Development and NEPAD Division on a Leave of Absence from the University between 2010 and 2012. He also worked with Nigerian Stock Exchange, Lagos as the Special Assistant to the Director General/Chief Executive Officer.

Nigerian LNG exports gas

Nigerian LNG exports gas

A blockade on exports of liquefied natural gas (LNG) from Nigeria has been lifted following a partial resolution of a tax dispute between the gas firm and the maritime agency, the company said Friday.

Airtel, FirstBank launch FirstMonie Payment Solution

Airtel, FirstBank launch FirstMonie Payment Solution

– Leading Telecommunications Service Provider, Airtel Nigeria has gone into a partnership with First Bank Nigeria Plc to offer Firstmonie Talkmore; the all-new, revolutionary mobile payment solution, to the public.

CBN says cashless policy reduces crime

CBN says cashless policy reduces crime

The Central Bank of Nigeria (CBN) on Friday said that the cashless policy was aimed at reducing crime and boosting the economy of the nation.

ExxonMobil, FRSC partner on road safety campaign

ExxonMobil, FRSC partner on road safety campaign

The Federal Road Safety Corps (FRSC) in Umuahia, Abia State in collaboration with ExxonMobil has commenced a month long safety awareness campaign for drivers and commuters in the state.

GSK reinstates commitment to shareholders

GSK reinstates commitment to shareholders

Following consultations with its shareholders and relevant regulatory bodies, GlaxoSmithKline Plc and GlaxoSmithKline Consumer Nigeria PLC recently announced that they have agreed that the scheme of arrangement proposed to GSK Nigeria’s shareholders under which it was proposed that GSK would increase its indirect ownership in GSK Nigeria to 75%, has been withdrawn. Subsequently, GSK Nigeria suspended the proposed scheme of arrangement, at the meeting of its shareholders held on Tuesday July 23, 2013 at the Muson centre, Onikan Lagos.