Dr Shamsuddeen Usman, Chairman of Susman and Associates says the National Open University of Nigeria (NOUN) entrepreneurship programme is a common good for economic independence in Nigeria. Usman communicated this while delivering the 8th convocation lecture at the university, with the theme: “Education as a public good – The role of NOUN in promoting entrepreneurship […]
BUSINESS AND ECONOMY
Elumelu Foundation disburses $15.2m to empower 3,050 entrepreneurs
The Tony Elumelu Foundation (TEF) has disbursed 15.25 million dollars to 3,050 selected candidates for the 2019 Tony Elumelu Entrepreneurs. The Chairman of the foundation, Mr Tony Elumelu, at the unveiling of the applicants on Friday in Abuja, said that 5,000 dollars would be disbursed to each candidate. According to him, the amount will serve […]
Money laundering: Nigeria still lacks investigation and prosecution powers-CISLAC
The Executive Director of Civil Society Legislative Advocacy Centre (CISLAC), Ibrahim Musa Auwal (Rafsanjani) has said that Nigeria still has problems investigating, prosecuting and sanctioning money laundering especially if high profile politically exposed persons are involved. Rafsanjani who made the assertion at the regional launch of an online tool/conference to assess the anti money laundering […]
Nigeria’s active mobile subscribers hit 172m in Q4 2018 — NBS
The National Bureau of Statistics (NBS) said Nigeria’s active mobile subscribers increased to 172,824,239 million in the fourth quarter, 2018 from 162,032,481 million and 162,522,772 million recorded in the third and second quarter, 2018, respectively. The NBS disclosed this in its “Telecommunication Data (Q3 and Q4 2018)” released on its website. According to the report, […]
Court orders First Bank to pay 2015 retirees’ entitlement
The National Industrial Court, Abuja, on Tuesday ordered First Bank of Nigeria Plc to pay its 2015 retirees their entitlements. Justice Sanusi Kado, delivering judgment on behalf of Justices Benedict Kanyip and Rakiya Haastrup. Justice Kado in the judgment declared that the dispute between the parties was a Trade Dispute and the Industrial Arbitration Panel […]
FG to generate N4.6bn from maritime operations- Usman
The Federal Government is working towards generating over N4.6 billion ($15 million) annually from the huge potentials in the maritime industry, the Managing Director of the Nigerian Ports Authority, NPA, Hadiza Bala Usman, has said. Speaking at a function held in Lagos, the NPA boss said the federal government knows the potential of the maritime […]
Dangote in gas supply deal
Dangote Fertilizer factory has entered into a long-term agreement with Chevron Nigeria for the delivery of natural gas from Chevron’s supply portfolio to the plant, which is poised to start operations soon in Lekki – Lagos. The contract, under the Gas Sale and Aggregation Agreement (GSAA) is part of International Oil Company (IOC)’s gas obligation […]
Naira gains against dollar
The Naira on Wednesday gained marginally against the dollar at the parallel market in Lagos, exchanging at N358 to the dollar. The News Agency of Nigeria (NAN) reports that the naira had exchanged at N358.2 to the dollar on Tuesday. The Pound Sterling and the Euro closed at N470 and N406 respectively. At the Bureau […]
ICMC Registrar commend SON on alternative dispute resolutions mechanism
By Raphael Jov, Abuja The Standards Organisation of Nigeria (SON) has received kudos from the Institute of Chartered Mediators and Conciliators (ICMC) in adopting alternative dispute resolution (ADR) mechanisms in its operations. Registrar of the ICMC, Engr. Segun Ogunyannwo gave the commendation at the opening of a training programme on ADR for forty (40) additional […]
Over 60% of domestic flights delayed in 2018 – NCAA
Domestic airlines operating in Nigeria recorded 36,350 cases of delayed flights between January and December 2018, according to figures released by the Consumer Protection Department of Nigerian Civil Aviation Authority (NCAA). A document issued by the department and obtained by the News Agency of Nigeria (NAN) on Tuesday in Lagos showed that 59,818 flights were […]
