Cross River To Float ‘Cally Air’ In November

By Adedapo Adesanya The Minister of Transportation, Mr Saidu Alkali, inaugurated the first cargo movement from the Lagos-Ibadan rail corridor during his first official tour of the rail corridor on Tuesday. This effort is expected to decongest the Apapa port as shippers moved 92.28 per cent of Nigeria’s total exports and 60.77 per cent of imports through the facility in the first quarter of 2022 (Q1’22), according to the latest available data. The Minister kicked off the tour at the Ebute Meta station before proceeding to Apapa for the launch, then travelled to Ibadan using the 157 km rail corridor.

By Adedapo Adesanya  The Federal Ministry of Aviation says it will collaborate with the United States on direct flights to Texas in a bid to expand the horizon of the aviation industry and deepen the bilateral relations with the world’s largest economy. The Permanent Secretary, Mr Emmanuel Meribole, said this during a visit to the Ministry by a delegation from the United States led by the Mayor of Houston, Texas, Mr Sylvester Turner, on Tuesday in Abuja. The ministry promised the US delegation that the Federal Government of Nigeria would work on its requests for direct flights from Nigeria to

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By Dipo Olowookere In order to make cheap electricity is enjoyed at the Onne Oil and Gas Free Zone, the Oil and Gas Free Zones Authority (OGFZA) has given a license to a power consortium called PHEDC/ESOP to make this possible. The mandate of the power consortium is to provide gas-fired dedicated power to the free zone at a cost per kilowatt of power that is lower than the going rate of diesel-generated power in the zone. Announcing the key step on the embedded power project to a stakeholders forum during the week, managing director of OGFZA, Mr Umana Okon

By Adedapo Adesanya In a recent study published in the journal Drug Discovery Today, a team of scientists at Ritsumeikan University in Japan analysed the changing trends in pharmaceutical industries to spotlight the role of interorganisational collaborations in promoting drug discovery and innovation. Discovering new drugs has become increasingly rare for independent large pharmaceutical companies in recent times. With numbers showing that almost 60 per cent of new drugs are discovered through mergers and acquisitions and drug licensing. Now, the university researchers shed light on the recent trends of spinouts from academia and investments in the US and Europe, foreshadowing a

By Dipo Olowookere The new chief executive officer of Union Bank of Nigeria (UBN) Plc, Mr Emeka Okonkwo, has promised to deliver greater value to stakeholders of the bank, particularly the shareholders. Mr Okonkwo gave this assurance when he was given the honour of sounding the digital closing gong at the Nigerian Exchange Group (NGX Group) recently along with his predecessor, Mr Emuka Emuwa. The new CEO said he was part of the transformation team put together by Mr Emuwa in the past eight years, which made it possible for Union Bank shareholders to be paid the first dividend in

By Dipo Olowookere The Independent National Electoral Commission (INEC) has postponed the governorship election in Edo State by two weeks. The exercise was supposed to hold on Saturday, September 10, 2016, but has now been shifted to Wednesday, September 28, 2016. The police and the DSS had on Wednesday advised the electoral body to shift the poll to another day because of terrorists’ threats. But INEC maintained on Thursday morning that it would go on with the exercise, only to make a U-turn on Thursday evening to announce the postponement. Addressing the media on Thursday night in Benin City, the

By Modupe Gbadeyanka An ultimatum telling Nigeria’s Igbo minority in the north of the country to flee their homes is of “grave concern”, a group of United Nations human rights experts has warned. The experts also deplored a hate song and audio message being circulated on the internet and on social media. The Hausa-language audio message urges northern Nigerians to destroy the property of Igbo people and kill anyone who refuses to leave by 1 October, the same date given in the ultimatum. “We are gravely concerned about this proliferation of hate messages and incitement to violence against the Igbo

On Friday, June 14, 2019, about 91 top performing students from 46 schools in Nigeria received 125 Outstanding Cambridge Learner Awards following their outstanding performance in the November 2017 and June 2018 Cambridge exams series. The event, which took place at the Civic Centre in Lagos, was hosted by Cambridge International and the British Council. The awards covered various subjects taken in Cambridge IGCSEs, Cambridge O Levels and Cambridge International AS & A Levels. The top achievers included three ‘Top in World’ category winners: Omoshemi Favour Oloriegbe from The Childville Senior for Cambridge IGCSE Sociology in the June 2018 exam

By Modupe Gbadeyanka This piece of information will excite women Shea collectors and processors in Kwara, Niger and Kebbi States as a leading Nigeria-based agribusiness and edible oils and fats processing company, Tropical General Investment (TGI) Group, has concluded plans to support them. Recently, a subsidiary of TGI Group, West Africa Soy Industries Limited (WASIL), joined the Global Shea Alliance (GSA) and with this, the parent firm will over the next two years support 10,000 women Shea collectors and processors in the three states. This is part of its commitment to boost local value addition and contribute to the sustainable

By Dipo Olowookere Pan African financial institution headquartered in Lome, Togo, Ecobank Transnational Incorporated, has issued Eurobonds worth $450 million to investors. Proceeds from the exercise is expected to be used by the bank to meet its general corporate obligations, including the refinancing of a portion of debt it owes banks. One of the arrangers of the bond sale, Renaissance Capital, disclosed in a statement that Ecobank sold the Eurobonds on Thursday 9.75 percent. Ecobank trades its shares on the floor of the Nigerian Stock Exchange (NSE). The bond sale is the first from a publicly quoted bank on the