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Aisha Buhari leads campaign for more female participation in maritime sector

Aisha Buhari leads campaign for more female participation in maritime sector

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stated that women are central to the accomplishments and efficiency of most successful world economies. Dakuku stated this on Monday in Lagos at a sensitisation workshop for female students organised preparatory to this year’s Day of the Seafarer, an international event coming up on June ... Read More »

The Companion National Discourse: Stakeholders task Muslims to play active roles in public affairs

With less than three weeks to the national discourse on national food self-sufficiency, by The Companion (an association of Muslim men in business and the professions),Muslims have been urged to take a more active interest in national development by engaging more in public service activities and charities. This view was canvassed at a stakeholders meeting hosted by the Muslim Public ... Read More »

For The Record: Full Text Of  President Buhari’s Speech At The Inauguration Of The National Economic Council (NEC) & Pictures

For The Record: Full Text Of President Buhari’s Speech At The Inauguration Of The National Economic Council (NEC) & Pictures

KEYNOTE ADDRESS OF HIS EXCELLENCY, PRESIDENT MUHAMMADU BUHARI, ON THE INAUGURATION OF THE NATIONAL ECONOMIC COUNCIL (NEC), HELD ON THURSDAY 20TH JUNE, 2019, COUNCIL CHAMBERS, PRESIDENTIAL VILLA, ABUJA Protocols I am delighted to be with you this afternoon to inaugurate the National Economic Council (NEC). NEC is established by the Constitution of the Federal Republic of Nigeria (1999), as amended. ... Read More »

Tinubu, Others: SEC Releases Multi-billion Naira Fraud Report

Tinubu, Others: SEC Releases Multi-billion Naira Fraud Report

By Our Reporter The Securities and Exchange Commission, SEC, has released its report which detailed multi-billion Naira fraud against the embattled directors of Oando Plc, Jubril Adewale Tinubu, Godwin Omamofe Boyo and others to the court which begins hearing in the matter on Monday June 24, 2019. SEC said that in 2012, 2013, 2014 and 2015, certain insiders of Oando ... Read More »

Nigeria’s Economy: The Clouds Are Still Threatening, MAN Tells Buhari

Nigeria’s Economy: The Clouds Are Still Threatening, MAN Tells Buhari

The Manufacturers Association of Nigeria (MAN) has said the nation’s economy remained “fragile”. President of MAN, Mansur Ahmed, stated this on Wednesday when the National Council on Manufacturers Association of Nigeria visited President Muhammadu Buhari at the Presidential Villa, Abuja. “It is clear that our economy is still fragile,” he said, adding that “With the Gross Domestic Product at 2.0 ... Read More »

Despite challenges, Africa’s debt is still under control says African Development Bank

Despite challenges, Africa’s debt is still under control says African Development Bank

PRESS RELEASE In 2018, the Bank earned $214 million in allocable income, 48% of which has been reinvested in the institution to reinforce reserves and its business growth capacity MALABO, Equatorial Guinea, June 13, 2019/ — The African Development Bank (www.AfDB.org) remains strong with growing operating revenues and allocable income generated since 2010 reaching $2.5 billion, the Bank Group’s Treasurer, ... Read More »

African leaders share their vision for an integrated continent

African leaders share their vision for an integrated continent

The leaders spoke during a high-level presidential dialogue on day two of the African Development Bank’s 2019 Annual Meetings MALABO, Equatorial Guinea, June 12, 2019/ — Leaders from four African countries on Wednesday shared their vision for an integrated and borderless Africa that would foster economic growth and development. The leaders spoke during a high-level presidential dialogue on day two ... Read More »

Call for more inclusion at this year’s African Banker Awards

Call for more inclusion at this year’s African Banker Awards

The Awards, held annually on the fringes of the Annual Meetings of the African Development Bank, have established themselves as the Oscars of African banking PRESS RELEASE: MALABO, Equatorial Guinea, June 12, 2019/ — Winners of the 2019 edition of the African Banker Awards (AfricanBankerAwards.com) were announced at a prestigious Gala Dinner in Malabo, Equatorial Guinea. The Awards, held annually ... Read More »

China’s loans to other nations are causing ‘hidden’ debt

China’s loans to other nations are causing ‘hidden’ debt

By Weizhen Tan, CNBC KEY POINTS • An opaque build-up of debt, caused by China’s lack of transparency in issuing loans, could pose a risk to the world economy, experts say. • It may also affect investors who are considering bonds issued by those countries, or organizations such as the International Monetary Fund (IMF) which are helping those countries with ... Read More »

Osinbajo, Aregbesola , Lasisi, others expected at The Companion’s National Discourse on Food Security

Osinbajo, Aregbesola , Lasisi, others expected at The Companion’s National Discourse on Food Security

  *R-L: Aregbesola, Osinbajo The Vice President, Professor Yemi Osinbajo and former governor of Osun State, Ogbeni Rauf Aregbesola are among the dignitaries expected to grace the National Discourse of The Companion coming up on Sunday, 14 July at the Main Auditorium of the University of Lagos. With the theme Food Security: Unleashing Nigeria’s Natural Potential For Self Sufficiency, the ... Read More »

Nigeria committed to leading war against maritime crime in Africa- Dakuku

Nigeria committed to leading war against maritime crime in Africa- Dakuku

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has declared Nigeria’s unwavering commitment to its leadership role in the war on piracy and maritime crimes in the Gulf of Guinea region, an area widely considered the global challenging maritime crime base in Africa. Dakuku made the declaration in a keynote address he delivered at ... Read More »

NATIONAL FLEET WILL HELP NIGERIANS LIFT CRUDE – DAKUKU

NATIONAL FLEET WILL HELP NIGERIANS LIFT CRUDE – DAKUKU

To End Capital Flight and Retain Jobs & Dollars in Nigeria Nigerians will be able to lift its country’s crude oil for export immediately the national fleet comes into operation, the Director General of NIMASA, Dr. Dakuku Peterside has said. Dakuku,  who was speaking at a media breakfast meeting on the sideline of the ongoing Nor Shipping Conference  and Exhibition in ... Read More »

Group faults The Economist magazine analysis on state of poverty in Nigeria under Buhari

Group faults The Economist magazine analysis on state of poverty in Nigeria under Buhari

The Buhari Media Organisation has accused “The Economist” magazine of engaging in specious and moribund analysis from an unabashed partisan point of view. BMO in dismissing the latest of  The Economist’s analysis of the state of poverty in Nigeria, observed that the International magazine merely immersed itself in aggregating common-place and ill-sourced data even as the group recalled that engaging in ... Read More »

Court restrains SEC from acting on letter barring Tinubu from being Director of public companies

Court restrains SEC from acting on letter barring Tinubu from being Director of public companies

A Federal high court sitting in Lagos south west Nigeria, today restrained Security and Exchange Commission from taking any step concerning or acting on its decision contained in its letter of 31st May, 2019 imposing a fine of N91,125,000.00 on Mr Adewale Tinubu and barring him and Mr Omamofe Boyo from being directors of public companies for a period of ... Read More »

Ex-Acting DG NIMASA sentenced to 42years imprisonment; personal assistant bags 21years.

Ex-Acting DG NIMASA sentenced to 42years imprisonment; personal assistant bags 21years.

By Our Reporter Former Acting Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Calistus Obi, who was convicted over alleged N331 million fraud, was today sentence to seven years imprisonment each on six out of 8 counts he was charged with, or option of N7 million each on each of the six counts. However, there was no ... Read More »

Access Bank Facilitates Capacity Training Programmes to Support SMEs

Access Bank Facilitates Capacity Training Programmes to Support SMEs

Access Bank Plc through its business club initiative is building the managerial capacity of entrepreneurs to the level they can easily succeed in their respective businesses using information technology, Nairametric reports. The programme which held recently at the Las Vencedoras Gardens in Port Harcourt witnessed a lot of SMEs from all walks of life and covered topical areas in capacity ... Read More »

CBN extends lending programme to 1,059,604 farmers

The Central Bank of Nigeria says 1,059,604 smallholder farmers have benefitted from the Anchor Borrowers Programme. The Anchor Borrowers Programme, which was launched in November 2015, was designed to build partnerships between smallholder farmers and reliable large-scale agro-processors, with a view to increasing agricultural output, while improving access to credit for farmers. The CBN stated, “The programme has helped to ... Read More »

The Economist predicts ‘more misery’ for Nigerians under Buhari

The Economist predicts ‘more misery’ for Nigerians under Buhari

The Economist has predicted “more misery ahead” for Nigerians in President Muhammadu Buhari’s second term. In a report on Thursday, the magazine said more Nigerians slipped into poverty during Buhari’s first term while the country’s economy “stuck like a stranded truck.” The Economist said while the nation’s economy has performed poorly, there is “little sign of the kind of export-led ... Read More »

SEC bars Tinubu from being director of any public company for five years

SEC bars Tinubu from being director of any public company for five years

The Securities and Exchange Commission (SEC) has barred Wale Tinubu, chief executive officer of Oando Plc, from being a director in public company for the next five years, The Cable reports. The company’s deputy CEO has also been barred while board members found guilty of various infractions have been directed to resign. In a statement on Friday, the commission said ... Read More »

Odukoya’s business seminar opens new vistas for young Nigerians

By Owolola Adebola Experts drawn from various field of learning gathered over 50 Nigerian youth at the weekend in Lagos to mentor them on how to grow in their business by utilizing current available facilities in banks and other financial institutions across the country through acquisition of skills. The seminar which was held on Saturday 25th May at the Elohim ... Read More »