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May & Baker to raise new capital to support growth plan

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MAY & BAKER Nigeria Plc has unfolded plans to raise additional capital to support its business expansion and steady the healthcare company against competition, the board of the company has said.

At the annual general meeting of the company in...
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Expert prescribes leeway to capital market growth

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LOW level of monetisation of economy, high level of inflation and level of private sector credits have been identified as factors affecting stock market performance in Nigeria.

Speaking at the yearly PEARL Awards lecture for capital market...
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‘Removal of fuel subsidy will lead to competition in petroleum industry’

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IgweChris Igwe is the managing director of Mainland Oil and Gas, a subsidiary of Chrisnak Group, he spoke with journalists at the just concluded Offshore Technology Conference in Houston Texas on the importance of deregulation and removal of fuel...
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Govt turns to renewable energy for electricity generation

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Nebo-04_05_2013THE Federal Government is turning to renewable energy sources for electricity supply in Nigeria, officials have said.

In addition to projects in coal and solar, efforts to boost generation through the large, medium and small hydros with a total...
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How to achieve gas revolution in Nigeria, by stakeholders

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IBENECHETHERE is need for the federal government to institute an investor-friendly fiscal regime and pricing policy that would stimulate growth and a catalyst for national development, the Nigerian Gas Association (NGA), has said.

NGA, in a communiqué...
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Addax tasks workers, contractors on safety standards

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IT is no longer business as usual for the employees and contractors of Addax Petroleum, as the company emphasized full compliance with the health, safety, security and environment (HSSE) standards in the oil and gas sector.

The Managing Director...
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APM Terminals boosts   stacking area by 300, 000 square metres

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APM-TERMINALS-MD-HAMPTONAPM Terminals has announced plans to increase container-stacking area at Apapa, Lagos, Nigeria by an additional 300,000 square metres.

The company explained recently that plans were also underway to take delivery of the first batch of five...
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Customs deploys officers to Global Scansystems fixed scanner at Seme

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DIKKO• CRFFN seeks sustained awareness campaign

THE Nigeria Customs Service (NCS) has deployed its engineers to different sections of the fixed scanner installed at Seme border post by an indigenous service provider, Global Scansystems...
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Board pledges to enhance shippers council’s operations

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“THE task ahead is enormous. We have a mountain to climb. We shall overcome. We are determined to work hard”.

Those words form part of the brief statement of the new board chairman of Nigerian Shippers Council (NSC), Lt.-Gen Salihu...
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Jetty operators, dockworkers must abide by existing law, says minister

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IDRIS-UMARTHE Minister of Transport, Idris Umar, has described the appointment of stevedore companies to manage dockworkers activities offshore/onshore and at the jetties as statutory.

Umar explained recently that the appointment could not be subjected to...
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Revenue generation in the Nigeria Customs Service

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NCSTHE Nigeria Customs Service, NCS has really come a long way. Established by the British colonial administration in 1891 when it appointed a Briton, Mr.T.A. Wall, as its first director-general for the collection of Inland Revenue in the...
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