Business Tips

Port congestion: Institute wants re-establishment of national carrier

The Life Patron, Nigeria Institute of Shipping (NIS), Mr Caleb Okoye, has called for urgent actions to decongest Nigerian ports and re-establish a national carrier for faster development of the shipping industry.

Okoye made the call at the Nigeria Institute of Shipping’s 9th Annual General Meeting and Awards held on Friday night in Lagos.

According to him, the country does not have a national carrier since the demise of the Nigerian National Shipping Line (NNSL).

Maritime Agency advocates dedicated Cargo Ports

As Africa continues to consider strategies for improving the efficiency of shipping in the continent, the Nigerian Maritime Administration and Safety Agency (NIMASA) has suggested the introduction of designated ports to handle particular cargoes.

Director- General of the agency, Dakuku Peterside made the call at the four-day Oil Trading and Logistics Expo (OTL 2019) held in Lagos, news agency Voice of Nigeria reports.

ECOWAS restates commitment to common market

The Economic Community of West African States, ECOWAS, has reiterated its commitment to consolidate on a common market for the region.

The President of the ECOWAS Commission, Mr. Jean-Claude Kassi Brou,  made the commitment in Abuja at a Diplomatic Cocktail organised by the Commission in honour of different partners of the regional body.

Mr. Brou noted that the common market for the region will be achieved through the application of the ECOWAS Common Tariff and the implementation of the Trade Liberalisation Scheme.

Recycling has potential for revenue –Expert

Prof. Nasir Idris, the Dean, Environmental Sciences, Nasarawa State University, Keffi has said Nigeria can generate revenue from recycling industry if put to proper use.

Idris made this known in an interview with the News Agency of Nigeria  in Abuja on Friday.

He, however, said that the recycling industry in Nigeria was still at an infancy stage compared with other parts of the world where countries were making billions of dollars through recycling.

FCMB Wins Excellence Award in Customer Experience as Adam Nuru Emerges CEO of the Year

First City Monument Bank (FCMB) Limited’s giant strides and impressive performance in service delivery and customer satisfaction in the Nigerian banking industry, have again been recognised. The latest is the conferment of the prestigious award of, ‘‘Excellence in Customer Experience Enhancement’’, on the Bank at the Finnovex West Africa Awards, held on October 22, 2019 in Lagos. In addition, the Managing Director of the Bank, Mr. Adam Nuru, emerged as the CEO of the year.

FCMB Expands Branch Network, Opens Ultra-modern Branch in Oshodi, Lagos

Residents and businesses in Oshodi, Lagos State, and its environs now have an opportunity to enjoy the excellent financial services offered by First City Monument Bank (FCMB).  This is because the Bank has opened an ultra-modern and full-service branch strategically located at 481, Agege Motor Road, opposite Arena Shopping Complex, at an impressive ceremony on Tuesday, October 22, 2019.

FG reiterates commitment to strengthen trade relations with Poland

The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo has reiterated Federal Government’s commitment to strengthen relationship between Nigeria and Poland in terms of trade, commerce and industrialisation.

Adebayo said this in a statement signed by Mr Julius Jegede, the Special Assistant to the minister on Media in Abuja.

The minister spoke when he received Mrs Jonna Tarnawska, Ambassador of Republic of Poland to Nigeria in his office.

FCMB Excites More Customers with Cash, Gifts at the “Millionaire Promo Season 6” Third Draws

On Wednesday, September 18, 2019, FCMB delighted and empowered another set of 644 customers with cash and various exciting gifts at the third draws of the Bank’s ongoing bumper reward scheme tagged, “FCMB Millionaire Promo Season 6” (visit www.fcmb.com/millionaire).

Institute calls for collaboration on ease of doing business

The Institute of Chartered Secretaries and Administrators (ICSAN) on Friday called on governments, regulatory agencies, public and private sector, and the citizenry to collaborate in promoting the ease of doing business.

The President of the ICSAN, Mr Bode Ayeku, who made the call at a news conference in Lagos, said that promoting the ease of doing business was essential to ensuring economic growth.

Afreximbank pledges to support Nigerian manufacturers with $500m

The African Export-Import Bank (Afreximbank) says it will allocate 500 million dollars from its Nigeria-Africa Trade and Investment Promotion Fund to support Nigerian manufacturers.

The Afreximbank President, Benedict Oramah made this known at the 47th Annual General Meeting of the Manufacturers Association of Nigeria (MAN).

Oramah said that the facility would enable manufacturers to take advantage of the opportunities offered by the African Continental Free Trade Area (AFCFTA) agreement.

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