Africa possesses a more powerful tool in the African Continental Free Trade Area (AfCFTA) for accelerating regional and economic integration, the UN Economic Commission for Africa (ECA) has said. The Executive Secretary of the United Nations body, Ms Vera Songwe, stated this on Tuesday in a virtual panel discussion to mark the inaugural Africa Integration Read More…
The Lagos State Government has given support to the Kick Out COVID-19 Africa, also known as #KOCA Concert, toward combating the novel coronavirus pandemic through technology-driven intervention. Mr Colliins Nnabugwu, Chairman, Organisation for Leadership and Strategy Development (OLSD), organisers of the campaign, gave the assurance in a statement in Lagos on Tuesday. He said that Read More…
The Nigeria Sovereign Investment Authority (NSIA) recorded a Total Comprehensive Income (TCI) of N36.15 billion in 2019. Ms Stella Ojekwe-Onyejeli, the Executive Director and Chief Risk Officer at NSIA disclosed this at a virtual briefing (newsmen) on Friday in Abuja. Ojekwe-Onyejeli said the 2019 income was less when compared to the TCI for 2018 which Read More…
The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday dropped by 19.88 per cent, just as the market indices declined further. Specifically, investors traded 144.31 million shares worth N1.52 billion achieved in 3,993 deals. This was in contrast with 180.12 million shares valued at N1.85 billion exchanged in 3,889 deals on Read More…
Dr Amy Jadesimi, Managing Director of Lagos Deep Offshore Logistics (LADOL) base, a logistics and engineering facility, says local production is key to servicing trade in the African Continental Free Trade Area (AfCFTA) agreement. Jadesimi said in Lagos on Friday that the trade should not just be about importing from wealthy countries and distributing them Read More…
The Nigerian Ports Authority (NPA) said on Tuesday that 28 ships laden with petroleum products, food items and other goods had arrived Lagos Port Complex waiting to berth. NPA made this known in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN) in Lagos. According to Read More…
The Federal Competition and Consumer Protection Commission (FCCPC) says a Chinese restaurant, Haufei Restaurant & Mall 33 Aboyade Cole, VI, known for exclusive and discriminatory service in Lagos, remains shut. The FCCPC Director General, Mr Babatunde Irukera, disclosed this when he appeared on the News Agency of Nigeria (NAN) forum in Abuja. Irukera said that if a place Read More…
The Federal Airports Authority of Nigeria (FAAN) has held dry run simulation exercises at domestic terminals of the Nnamdi Azikiwe International Airport, Abuja and Murtala Muhammed Airport, Lagos. Mrs Henrietta Yakubu, the General Manager, Corporate Communications, FAAN, confirmed the development in a statement issued in Lagos on Saturday. Yakubu said the exercise, which was aimed Read More…
The Lagos Inland Revenue Service (LIRS) says it generated as much as N25 billion through taxation in April during the total lockdown. Mr Rasheed Olu-Ajayi, Head, Information and Communication Technology (ICT) of LIRS disclosed this to the News Agency of Nigeria (NAN) via an exclusive virtual conference on Zoom on Saturday. Olu-Ajayi said the service Read More…
Electricity Distribution Companies (DisCos) have appealed to the Federal Government to intervene in gas pricing for power generation to ensure effective service delivery. Mr Sunday Oduntan, the Executive Director Research and Advocacy, Association of Nigerian Electricity Distributors (ANED), made the call in a statement in Abuja on Saturday. Oduntan said that the cost of gas remained Read More…