Citing need for greater operational efficiency at the nation’s Seaports, the Nigerian Ports Authority (NPA) on Wednesday in Lagos commissioned four new tug boats valued at $30 million. Christened Mt. Daura, Mt. Ubima, Mt. Uromi and Mt. Majiya, the tug boats are expected to sustain efficiency and boost revenue profile of the Federal Government. At the colourful ceremony witnessed by …

Executive Secretary, Nigerian Christian Pilgrim Commission (NCPC), Rev. Uja Tor Uja (middle); Vice, Chairman, NCPC Federal Medical Committee, Dr. Francis Alu (2nd right); Secretary, NCPC Federal Medical Committee Miss, Evelyn Kpurkpur (2nd left) and other members of the committee during the submission of the Federal Medical Committee report of 2016 Christian Pilgrimage Exercise at the Commission Corporate headquarters in Abuja, ON Wednesday. …

Christian women in the country have been urged to stand firm and be steadfast in the way of the lord until the second coming. Wife of the governor of Lagos State, Mrs. Bolanle Ambode, gave the charge in a goodwill message delivered at the maiden edition of the all Sisters Regional Conference of the Redeemed Christian Church of God (R.C.C.G), …

Dangote Sugar Refinery has said the company would invest N106 billion in the next six years in achieving its Backward Integration Programme (BIP) and making Nigeria, sugar self-sufficient. Addressing the capital market community at the company’s facts behind the figure, on Tuesday in Lagos, the  acting Group Managing Director of Dangote Sugar, Engr. Abdullahi Sule said Dangote Sugar will commence …

Procter & Gamble wants to cut a whopping $2 billion in marketing spending over five years, and for the first time is providing details on a broader $10 billion cost-cutting plan launched a year ago. That marketing spending cut comes amid a fiscal third-quarter earnings report where the company missed on sales-growth expectations and lost market-share in developing markets despite …

Yale Foods Limited, manufacturer of Yale Bakers, Bira Snack, Butter Scotch and Coconut Cookies amongst other biscuit brands, is currently the leading producer of biscuits in Nigeria and is said to control 37 per cent of the market share, a report by KPMG has revealed last week in Lagos. The biscuit market, currently estimated between N90 billion and N100 billion, …

Foremost aviation union, the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) declared yesterday that the nation’s economic recession has the most biting effect on the aviation sector. The National President, Comrade Ahmadu Ilitrus, said the situation was exacerbated by the perennial scarcity and high cost of aviation fuel (Jet A1) as well as aircraft maintenance parameters. In his …

The Nigerian Guild of Editors (NGE) has urged Nigerians to support the Central Bank of Nigeria (CBN) in its activities to diversify the economy. It also praised the efforts of the apex bank towards resuscitating the nation’s ailing economy. Rising from its 2017 biennial convention in Lagos attended by over 350 editors of media outlets in the country, the guild …

The Eurorpean Union (EU) has advised Nigeria to review it’s tax system to be able to make reseanable impact. EU Ambassador to Nigeria and ECOWAS, Mr. Michel Arrion said the EU is willing to work with the country in addressing the situation. Arrion spoke in Abuja yesterday during a media briefing on the up-coming Europe Day Celebration and 60 years …

BUA Sugar Refinery Limited, operators of Lafiagi Sugar Company (LASUCO) in Kwara state, is expected to produce 250,000 metric tonnes of refined sugar per annum and 35 megawatts of electricity, the Managing Director, Alhaji Ibrahim Yaro, has said. Alhaji Yaro added that hostility from host communities and the capital demands of constructing irrigation systems have been identified as the problems …