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PRESIDENT BUHARI RE-APPOINTS HADIZA BALA USMAN AS NPA MD, APPROVES BOARD MEMBERS FOR NPA, TCN

President Muhammadu Buhari has approved the re-appointment of Hadiza Bala Usman as Managing Director of Nigerian Ports Authority (NPA), for additional five-year tenure. Also approved is the reconstitution of the Non-Executive Board of the NPA, with Mr Emmanuel Olajide Adesoye (from South-west zone) as Chairman. Other members of the Board are: Prince Ekenyem Nwafor-Orizu (South-east […]

Market Integration is a Process, says AfCFTA Secretariat Amid Challenges

The Secretary-General of the African Continental Free Trade Area Secretariat, Wamkele Mene, has dismissed talks that the AfCFTA arrangement was being rushed, saying there is no trade agreement where all members were ready at the same time. Indeed, there have been concerns about countries’ readiness for the trade deal; many are yet to address issues […]

UNILORIN Researchers Recommend Pineapple in COVID-19 Management

A team of researchers at the University of Ilorin (UNILORIN) have established the capacity of Bromelain derivable from pineapple fruits in the management of COVID-19 cases. According to the University of Ilorin Bulletin issued on Monday, the discovery is in conjunction with Prof. Bamidele Owoeye, the Head, Department of Physiology, and Mr Ahmed Bakare, a […]

Using Coordinated Policy Approach to Stimulate Growth

Nigeria is currently grappling with the second recession in five years, a crisis triggered by the coronavirus outbreak. The crisis calls for fiscal discipline. The country had failed to take advantage of the ‘boom cycles’ of its major resource – crude – to build a stable economy. Nigeria, like some oil-exporting countries, depends largely on […]

PenCom Reviews Payments as 65,419 Deceased Relatives Claim N215.27bn

To clamp down on fraudulent death benefits and claims that do not meet required internal control measures, the National Pension Commission has stopped death payments to legal beneficiaries by the Pension Fund Administrators without approval. The National Pension Commission has reviewed its directive on payment of death benefits to beneficiaries under the Contributory Pension Scheme […]

Experts Seek Tough Regulatory Policies to Drive Insurance Growth

Experts in the insurance industry have called on the government to create stronger regulatory policies and enforce existing ones to stimulate growth in the industry. Despite the economic challenges, stakeholders are hopeful of huge growth opportunities this year. Though, according to a few industry experts, looking at how the sector closed last year, it is […]

Abuja Technology Village Seeks Partnership With ACCI To Boost Investors

The Abuja Technology Village (ATV) on Wednesday sought the collaboration of the Abuja Chamber of Commerce and Industry (ACCI) in encouraging its members to explore business opportunities at the Abuja Technology Village. The DG/CEO of the ATV, Hauwa Yabani stated this on Wednesday when she visited the Chamber on a courtesy visit. Yabani who was […]

CBN Procedures Creating Bottlenecks for Exports – Exporters

The pre-export requirements recently introduced by the Central Bank of Nigeria is currently frustrating the export of goods from Nigeria to other nations, exporters declared on Wednesday. Speaking under the aegis of the Network of Practicing Non-oil Exporters of Nigeria, they stated that the electronic Nigeria Export Proceed Form being required by the bank from […]

VFD Eyes Diaspora Remittance with Expansion of Operations in Africa

VFD Group, a financial service focused proprietary investment company, has expressed commitment to expand to more African countries to enhance Nigeria’s Diaspora remittances. The Group Managing Director/Chief Executive Officer, VFD Group Plc, Mr Nonso Okpala, disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Lagos. Okpala said the company […]

Downstream Infrastructure Rehab: NNPC Harvests Bids From 96 Reputable Firms From Various Jurisdictions For Contract

Buoyed up by the culture of Transparency, Accountability and Performance Excellence (TAPE) of the current NNPC management, no fewer than (96) prominent and reputable companies from various jurisdictions have indicated interest in undertaking the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure ranging from critical pipelines to depots and terminals through the Build, […]

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