Ayade mulls Cross Shipping Line before year end
There are serious plans by the Cross Rivers State government to float a shipping line to drive West Coast trading amongst neighbouring maritime nations. The State Governor, Professor Ben Ayade, announced the plan on Friday at a meeting with 21…
$10bn infrastructure scheme’ll tame insurgency in N/Delta
The recent inauguration of the Niger Delta Development Initiatives valued at $10bn has been described as one of the best sustainable strategies to stop insurgency and restiveness in the oil producing areas of Niger Delta. The federal government had Thursday…
Business Hilights summary of activities at NSE for week ending 28/10/16
A turnover of 678.710 million shares worth N6.875 billion in 11,808 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 674.721 million shares valued at N7.657 billion that exchanged hands…
GTBank deposit base hits N2.1tn, records more expense in nine-month
Guaranty Trust Bank (GTBank) in its nine-month unaudited result posted a record a 28.7 per cent increase in total deposits from N1.6 trillion in 2015 to N2.1 trillion in the same period of 2016. But notwithstanding the increased deposit base,…
Terms default stalls $20m re-fleeting exercise for NCAT’
Issues bordering on whether due process was followed or not in the award of contract to acquire 20 new training aircraft for the Nigerian College of Aviation and Technology (NCAT) at the sum of $20million are now frustrating the scheme….
Dangote Refinery set to reverse N2.2 tn capital flight yearly
Indications have emerged that on delivery of the Dangote Refinery in Lekki, the over $5 billion (N2.2 trillion) spent yearly on importation of petroleum products into the country will drop drastically and the fund reinvested in the economy. The scheme…
RIBASA calls for improvement in port infrastructure
There is much work to do by terminal operators in more ports including ports in Niger Delta region of the country. This is as shippers in the Niger Delta region, under the aegis of Rivers and Bayelsa Shippers Association, RIBASA,…
FG finally unbundles NIPOST into 6 holding companies to drive relevance
No doubt, the Nigerian Postal Service (NIPOST) can be said to be the greatest hit in the information technology ‘disruptions’ that came into the country from 2001 in the name of GSM. Otherwise, the coming of GSM frustrated letter writing…
Value of FDIs from ICT now stood at $38bn—Minister
Whereas other sectors of the economy are most hit by the prevailing recession, the Minister of Communications technology, Barr. Adebayo Shittu has disclosed that the figure on foreign direct investments on the sector has moved up from the N32bn to…
Obi, Ekeh to headline ESUT/Yudala Mega Entrepreneurship summit
Final touches are now given to last lap of logistics for the smooth delivery of ESUT/Yudala Mega summit coming early next month. As part of plans, former Governor of Anambra State, Dr. Peter Obi and Chairman, Zinox Group, Leo Stan…
