Category: Business

… Condemns Destruction of Public Assets, CIoTA Moves to Professionalise Transportation Former Head of State, General Yakubu Gowon (Rtd), has called for partnership between the public and private sectors in order to come up with innovative ways of resolving the transportation challenge in the country. Gowon spoke on Tuesday in Abuja at the opening of the Second National Transport Summit organised by the Chartered Institute of Transport Administration of Nigeria (CIoTA). The summit, which brought together experts and stakeholders from across the sector, had the theme, “Building Sustainable Transport Infrastructure…

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The management of Arik Air says it has leased a Boeing 737-700 aircraft from Eznis Airways to boost its operations. The Eznis Airways is a scheduled and charter airline based in Ulaanbaatar, Mongolia. The Chief Executive Officer of Arik Air, Capt. Roy Ilegbodu, said in a statement in Lagos on Tuesday that the leased aircraft arrived in Nigeria on November 21. Ilegbodu said that the aircraft, which would be deployed into service from December. 2, would enable Arik Air return to some routes which were suspended at the beginning of the COVID-19…

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Pan-African financial institution, United Bank for Africa (UBA) Plc, carted two highly coveted laurels at the BusinessDay’s Bank and other Financial Institutions Awards (BAFI) winning the Bank of the Year and the International Bank of the Year at the glamorous event held over the weekend. The bank beat other strong contenders – Zenith Bank, Guaranty Trust Bank, Access Bank and First Bank – to clinch the two top categories in a well-attended ceremony comprising of Bank CEO’s, Captains of Industries and Senior financial executives. UBA won the ‘Bank of the…

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………Says Library Equipped To Bridge Industry Knowledge Gap As Nigeria moves towards greater role for maritime in the national economy, Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has declared the Agency’s unwavering commitment to capacity-building through its knowledge and research based initiatives. Dr. Jamoh made this known during the official launch of the Agency’s e-library at the Nigerian Maritime Resource Development Centre (NMRDC) in Lagos. He said as a knowledge-based industry with huge opportunities, there was need to encourage research to enable the Nigerian maritime sector…

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The Governor of Central Bank, Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021. He also projected a GDP growth of 2.0 percent in 2021. Emefiele spoke at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos. The News Agency of Nigeria (NAN) reports that the first ever blended bankers dinner where participants joined both physically and virtually, was powered by CBN, all Nigerian Banks and Nigeria Deposit Insurance Commission. The event…

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A trade expert, Prof. Ken Ife, has decried the high volume of trade malpractices across land borders in the country. Speaking at a webinar on Thursday, Ife said that there had been substantial violation of trade rules across land borders, adding that these necessitated the closure. He told traders to ” respect quality assurance systems that are necessary to protect the integrity of what you are importing and stop dumping goods that are injurious to our country.” Ife also warned against ferrying of drugs and arms in containers, adding that…

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Seasoned administrator and maritime technocrat, Dr. Dakuku Peterside says the demise of immediate past Executive Secretary of the Nigeria Shippers Council, Capt Adamu Biu is a huge loss to the maritime industry. Peterside, who is also the immediate past Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) praised the deceased’s contributions to the maritime sector. According to him, “the maritime industry has lost a titan, a thorough breed professional and a compass who understood the maritime industry with insights. “He was a mentor to many young professionals…

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…….Out Of The Twelve  Winners Are Girls, Brings Out The Finest Young Creative Writers In A Challenging Year The Uba Foundation, The CSR Arm Of The United Bank for Africa, held its tenth annual National Essay Competition(NEC) in a virtual ceremony that was attended by high school students from across the nation. The UBA Foundation’s Education initiative has been changing lives for a decade as the tertiary education scholarship programme continues to impact the lives of many students and their communities. For the fourth consecutive year, the females have been…

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The Central Bank Governor, Mr Godwin Emefiele, is to present the banking industry’s scorecard for 2020 at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN), on Nov. 27. Emefiele is also expected to provide economic insight into 2021 monetary policy and regulatory direction at the event in Lagos. This is contained in a statement by Head, Marketing/ Corporate Communication and External Relations, CIBN, Mr Nelson Olagundoye. The annual bankers’ dinner is a thought-led socio-economic event of the industry. It is the biggest high-profile…

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…….Buhari fulfilling long national dream – Transport Minister …….It’s a new dawn for maritime – Jamoh As Nigeria gets set to deploy maritime security assets acquired under the Integrated National Security and Waterways Protection Infrastructure, members of the Deep Blue Project Steering Committee have visited Lagos, Warri, Benin, and Onne to inspect the assets at the various locations. The delegation, led by Minister of Defence, Maj-Gen. Bashir Salihi Magashi (rtd), included Minister of Transportation, Rt. Hon. Chibuike Amaechi, and Chief of Naval Staff, Vice Admiral Ibok Ekwe Ibas. They were joined by Director-General of…

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