Category: Business Life

NASS should get full details of funds released – NGO

A non-governmental organisation,Centre for Social Justice (CSJ)has thrown its weight behind the National Assembly receiving full details of funds released to ministries ,departments and agencies (MDAs) by the Accountant-General of the federation. Lead Director of the CSJ,EzeOnyekwere, while addressing the media in Abuja,  said the National Assembly should not amend or drop the clause in [...]

Kano’s feat as budget-disciplined state needs celebration – Tycoon

A business tycoon and president of Eximab Group of Companies, Alhaji Ahmed Tijjani Umar, has at the weekend stated that Kano state’s feat as the Most Budget-Disciplined State needs to be celebrated and served as a template of developing ailing Northern Nigerian economy. In a press statement issued in Kaduna, Umar added that the fit [...]

Nigeria, U.S. to partner on tourism development

Paul Cohen, the chief executive of Partner Concept, a tourism marketing and consultant firm in the U.S. says America will collaborate with Nigeria on tourism development. Cohen made this known in Lagos on Wednesday at the just concluded 8th edition of “Akwaaba African Travel Market’’. He stressed the need for the two countries to work [...]

FG commissions N.6bn remodelled airport terminal

The federal government has commissioned the N648 million remodelled General Aviation Terminal (GAT) at the domestic wing of the Murtala Muhammed International Airport, Lagos. Speaking at the official commissioning of the project in Lagos yesterday, the Secretary to the Government of the Federation (SGF), Senator Anyim Pius Anyim restated government’s commitment to re-positioning the aviation [...]

CBN stops selling cash to bureaux de change

CBN stops selling cash to bureaux de change

Central Bank of Nigeria governor, Sanusi Lamido Sanusi said in Tokyo on yesterday that the bank would soon stop the selling of cash to bureaux de change operators. “70 percent of the dollars that people buy from bureaux de change are not for transactions outside Nigeria, they move dollars from one part of the country [...]

CIPM conference critical to transformation agenda – Jonathan

President Goodluck Ebele Jonathan has described the three days conference of the Chartered Institute of Personnel Management of Nigeria (CIPM) as critical to the transformation agenda. The President stated this while declaring open the 44th annual national conference of the institute held at the International Conference Centre, Abuja, titled: “Restoration of Values for National Development.” [...]

NOSDRA, Mobil visit oil spill site in A/Ibom

Top officials of National Oil Spills Detection and Response Agency (NOSDRA), Mobil Producing Nigeria (MPN) and representatives of Ibeno community in Akwa Ibom state yesterday visited the spill site on the Atlantic coastline. The Joint Investigation Visit (JIV), a statutory oil spill probe procedure, also involved officials of Akwa Ibom Ministry of Environment and Mineral [...]

Crude oil production hits 2.7m bpd – NNPC

The Nigerian National Petroleum Corporation, (NNPC), yesterday announced that the country’s crude oil production has hit about 2.7 million barrels per day, (bpd). Group managing director of NNPC, Engr. Andrew Yakubu, who made the disclosure when Governor Gabriel Suswam of Benue state visited him in Abuja, said a significant milestone has been recorded in the [...]

Chinese President Hu Jintao

7 tips for first business travellers to China

1) Bring an unlocked mobile phone You are going to need a mobile phone while in China, and a local telephone number. Bring an unlocked phone with you, then purchase a SIM card at China Mobile. For 100RMB (about US$15) you can get the SIM card and 50 minutes of prepaid talk time. Later you [...]

Group tells NNPC to obey NASS, shut Warri petrochemical plant

The Nigerian National Petroleum Corporation (NNPC), has been urged to obey an order by the House of Representatives Committee on Petroleum Resources (Downstream), to shutdown theWarri petrochemical plant. The group said the Committee gave the order due to gross violation of environmental laws in the operations of the petrochemical plant. The Environmental Rights Action/Friends of [...]