Government’s agencies, insurers to recoup N45bn from counterfeit operators

FRSC Boss, Boboye Oyeyemi. PHOTO: nigeriannewsservice.com The Federal Government has revealed plans to work with the insurance industry to recover about N45billion lost to fake insurance operators nationwide, particularly on Third Party Motor Insurance Policy that has been a major challenge to the industry where 90 per cent of insurance papers registered at licensing offices […]

Top 10 global fleets worth $516 billion

With no African nation making the ranking of ship owning nations, the latest report by Vessel Value has estimated the top 10 global fleets at $516 billion. Topping the list is Greece, with an owned fleet worth about $100 billion, followed closely by Japan and China, worth $89 billion and $84 billion respectively. According to […]

This 25-year-old entrepreneur went from leaving school at 16 to running the ‘Airbnb of retail’

Ross Bailey, centre, the CEO and founder of Appear Here. Appear Here Appear Here lets businesses rent pop-up space and has been called the “Airbnb of retail.” The London startup raised $20 million last year and is currently planning international expansion. CEO Ross Bailey sat down with Business Insider to talk department stores, skipping university, and […]

How to manage your reputation

Dr. Jossy Nkwocha’s book Reputation Management and Branding (Zoom Lens Publishers, Port Harcourt; 2016) is an interesting addition to your repertoire, your library and toolkit. Nkwocha, a distinguished journalist and public relations consultant, is also the author of Effective Public Relations. His new book addresses the reputation challenges of businesses, government and non-governmental organisations, is […]

NNPC, NPDC, oil firms yet to remit $3.8bn, N81bn since 2015 – NEITI

Executive Secretary of NEITI, Mr. Waziri Adio, The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday accused ‎the Nigerian National Petroleum, its downstream subsidiary, the Nigerian Petroleum Development Company, NPDC and other oil companies of failing to remit $3.78 billion and N80.64 billion to the Federation Account. NEITI, in its ‎2015 Oil and Gas Industry Audit, […]

Northwest commissions mega station in Lagos

Northwest Petroleum and Gas Indigenous company, Northwest Petroleum and Gas has commissioned a 20 nozzle capacity ultra-mega station in the Ajah area of Lagos. The new facility which has 14 of its 20 nozzles dedicated to Premium Motor Spirit (PMS) seeks to increase capacity in the downstream sector through retailing at regulated prices. According to […]

Oyo, Osun customs generates N16b revenue in 2017

Nigeria Customs Service The Customs Area Controller, Oyo/Osun area, Elisha Chikan, on Tuesday disclosed that his command generated over N16.18 billion between January and November 2017. Chikan also told journalists, at a press conference in Ibadan, Oyo State that officers under his Command made an impressive haul of 111 seizures with Duty Value Payable (DPV) […]