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Nigerians not aware of all opportunities provided by AfCFTA - Stakeholders
Business

FG seeks partnership for AfCFTA success

The Federal Government has asked countries in West and Central Africa to work together to ensure the success of the African Continental Free Trade Area. The Permanent Secretary of the Federal Ministry of Transportation, Dr. Magdalene Ajani, advocated for collective action to ensure the success of the AfCFTA during her speech at the Port Management Association of […]

Business

Flour Mills shareholders approve BAGCO as subsidiary

Flour Mills of Nigeria, a food and agro-allied corporation, has its shareholders’ approval to convert a division of BAGCO into a fully owned subsidiary. The Punch reported that this was one of the special resolutions that was approved during the Lagos-based company’s annual general meeting. By a show of hands, the shareholders decided to create […]

News

SAATM to cut Africa’s trade gap by 51% – Keyamo

The establishment of a Single African Air Transport Market, according to Minister of Aviation and Aero Development, Festus Keyamo, would result in a 51% reduction in the intra-African trade deficit. According to The Punch, he made this revelation on Tuesday in Abuja during a workshop on African Aviation Market Integration, Single African Air Transport Market, and […]

NNPC, First E&P provide free healthcare in host communities
Oil and Gas

Why oil marketers claim NNPCL has monopoly over PIA 

Oil marketers have questioned Nigerian National Petroleum Company Limited’s dominance in petrol importation, claiming that it violates the Petroleum Industry Act. According to The Punch, this was said at the press conference held in Lagos following the 2023 Expo of the Oil Trading Logistics Africa Downstream Energy Week. According to the CEO of 11 Plc and […]

Stop developing new ports, ex-Shippers council boss tells FG
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Stop developing new ports, ex-Shippers council boss tells FG

A former executive secretary and chief executive officer of the Nigerian Shippers Council, Hassan Bello, has counselled the federal government against expanding the country’s port network without a clear objective. According to The Punch, Bello stated at an event in Lagos on Tuesday that Nigerians ought to quit developing ports as constituency projects. He emphasized that ports […]

Maritime expansion to be delayed by ports, harbour bill - Union
Business

Maritime expansion to be delayed by ports, harbour bill – Union

The proposed Ports and Harbour Bill was rejected by the Marine Workers Union of Nigeria, citing worries that it will stifle expansion in the marine sector. The Punch reported that the MWUN President General,  Adewale Adeyanju, made this statement on Wednesday in Lagos during the launch of the union’s quarterly magazine, “The Maritime Labour Voice.” The National Assembly’s […]

Masters Energy urges FG to handle FX issues
Business

Masters Energy urges FG to handle FX issues

Masters Energy Oil & Gas Limited has petitioned the Federal Government to ease currency restrictions in product importation. The Punch reported that this was said by the Executive Director of Operations of Masters Energy Group, Felix Eribo, on the sidelines of the just completed 2023 Oil Trading and Logistics Africa Downstream Week in Lagos. He urged the […]

MMA Customs generate N74bn in 10 months
Business

MMA Customs generate N74bn in 10 months

The Nigeria Customs Service, Muritala Muhammed Airport Command, reported a revenue of N74.28 billion between January and October. According to The Punch, the command’s chief Customs Area Controller, Muhammad Yusuf, told reporters in the command on Wednesday that income had increased by 23% over the same period in 2022 compared to N60.1 billion. Additionally, he […]

iPhone 14 users to enjoy free SOS feature - Apple
News Tech

iPhone 14 users to enjoy free SOS feature – Apple

Apple announced on Wednesday, that users of the iPhone 14 will have free access to the SOS emergency feature for an additional year. Originally released a year ago, the function lets users send messages to emergency services and disclose their whereabouts via satellite from places without a network using Apple’s FindMy app. Following its original […]

Musk’s X faces lawsuit for allegedly withholding staff bonuses
News Tech

Elon Musk denies Starlink IPO report

Elon Musk on Wednesday, denied a report claiming that his rocket company SpaceX was talking about launching an IPO as soon as 2024 for Starlink, a satellite internet provider. In response to a post on social networking platform X that published a report from Bloomberg News claiming that SpaceX had been relocating the unit’s assets […]

Baidu CEO warns against rush to AI
News Tech

Baidu CEO warns against rush to AI

The CEO of Baidu, one of the top AI companies in China, issued a warning on Wednesday, stating that the country’s haste to create massive language models may result in resource waste. Speaking at a Shenzhen industry forum, Robin Li expressed concerns about a possible industry shakeout since businesses creating huge language models are still […]

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