Business

The Nigeria Deposit Insurance Corporation (NDIC) has successfully  obtained three certifications from the British Standards Institution (BSI) for Information Security Management System ISO/IEC 27001:2013, IT Service Management System ISO/IEC 20000-1:2011 and Business Continuity Management System, ISO 22301:2012 after a rigorous process of satisfying the conditions precedent to accreditation. According to a statement from the corporation, the British Standards Institute UK thoroughly engaged and …

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The Lagos Chamber of Commerce and Industry (LCCI) has knocked the National Assembly over the draft NGO Bill presently under consideration. The bill has in its provision an act to provide for the establishment of a Non-Governmental Organisations Regulatory Commission for the supervision, coordination, and monitoring of non-governmental organisations, civil society organisations and for related matters in Nigeria. Its Director-General, …

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The National Identity Management Commission (NIMC) has gazetted and published five regulations, following an approval received from the Attorney-General of the Federation (AGF) and the Minister of Justice in November, 2017. Its Head, Corporate Communication, Loveday Ogbonna, said the gazetted regulations are Mandatory Use of the National Identification Number (NIN) Regulations, 2017; Nigeria Biometrics Standard Regulations, 2017. Others are Registration …

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The Standards Organisation of Nigeria (SON) has held a stakeholders’ Technical Committee Forum on the review of standard for Cement NIS 444-1-2014 with the theme: “Repositioning the Cement sub- sector”. The forum, which held in Lagos, comes four years after the Federal Government approved new cement standard for the producers, aimed at  reviewing the quality of the products. The grade-strengths …

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The Debt Management Office (DMO) Wednesday announced that it will list the $300 million Diaspora Bond and $3 billion Eurobonds on the Nigerian Stock Exchange and Financial Market Dealers Quotation Over-the-Counter (FMDQ OTC) Securities Exchange respectively today. The Diaspora Bond was issued in June while the $3 billion Eurobonds were issued in November at the International Capital Market (ICM). Both …

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The Governor of Edo State, Mr. Godwin Obaseki, has said the state has put up structures to clear pension arrears accumulated from 1996 to 2000, noting that the migration of public servants to the contributory pension scheme will forestall a repeat of the trend. Obaseki made this known while inaugurating the Ad-Hoc Committee on Pension Management at the Government House, …

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Following the arrest of Innocent Chukuma, the owner of Innoson Vehicles Manufacturing Group, by the Economic and Financial Crimes Commission (EFCC), the management of Guaranty Trust Bank Plc has stated their position. Although in a press statement sent to the Nigerian Stock Exchange (NSE) on Thursday December 21, 2017, the bank did not mention either the name of their customer …

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An eleven-year-old, Master Abundant Okafor was among the 52 students trained as the Nigerian Export Promotion Council (NEPC) graduated participants at its Human Capital Development Centre (HCDC), Apapa, Lagos 15th December. Okafor, a JS2 student of Radiant High School, Ajegunle, Apapa, Lagos said his parents supported him to enroll during the two month summer holiday. “I applied so I could …

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By Prof Tolu Odugbemi A way forward cannot be charted without considering the present situation and the limitations that currently exist. What are the factors hindering good standards in education? These are mainly bad planning of curricula of institutions, misconceptions of what the mission of various levels and types of educational institutions should be even by owners of such institutions. Attitude of workers/ …

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…As Niger Governor Applauds Baru’s Stewardship The recently approved contract for the construction of Ajaokuta-Abuja-Kaduna-Kano Gas Pipeline project, dubbed AKK Pipeline, has started yielding early benefits with the commitment by NNPC to build power generating plants with combined capacity of 4600 megawatts in Abuja, Kaduna and Kano States. The NNPC’s Group Managing Director, Dr. Maikanti Baru, who disclosed this during …

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