Africa’s first cassava-based sorbitol factory, constructed by Psaltry International Limited (PIL) in partnership with First City Monument Bank (FCMB) and Unilever Nigeria, has been commissioned in Iseyin, Oyo State by the Governor, Engr. Seyi Makinde, . At the commissioning, Makinde said: “This is another value addition to cassava, which Oyo State is known to produce in large quantity. We are …

The 2022 National Conference and Annual General Meeting of the Nigeria chapter of the Chartered Institute of Logistics and Transport (CILT) has been organised with innovation in mind, according to the Chairman of the Conference Planning Committee, Prof. Kayode Oyesiku. He told newsmen on Thursday in Lagos that the conference would hold on 11 and 12 October at the Oriental …

MTN Nigeria Communications PLC has  launched its Home Broadband service to accelerate broadband penetration in the country. The General Manager for Fixed Broadband, Mrs Onyinye Ikenna-Emeka said the service was to meet the Federal Government’s plan to achieve over 70 per cent broadband penetration by 2025. She said with the service, customers now have an enhanced dedicated 24 hours support …

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh has said that the agency is reviewing the cost of direct sponsorship of Nigerian cadets undergoing foreign training under the Nigerian Seafarers Development Programme (NSDP). He noted that the review of ongoing sponsorship cost has become necessary due to the global inflationary trends which is …

The Minister of Power, Abubakar Aliyu has assured that the first batch of mega transformers under the Presidential Power Initiative (PPI) would arrive by September. In a statement by his Media Adviser, Isa Sanusi on Saturday, Aliyu said the transformers had passed the factory acceptance test at the Siemens’ transformers factory in Trento, Italy. In December 2021, the Federal Executive …

Operators of the aviation sectors have expressed apprehension that the industry faces imminent collapse going by the increasing rise in the cost of aviation fuel and other operational components. By Friday, Jet A1 fuel (otherwise known as aviation fuel) sold for N1,000 per litre as against N300, the going price in February. This has led to significant increase in the …

The promotion of three new Directors has been approved by the Board of the Nigerian Maritime Administration and Safety Agency (NIMASA).   They are: Mr Otonye Obom, Captain Umoren Sunday Michael and Mr Kazir Abubakar Musa.   Eighteen other officers of the agency were elevated to the position of Deputy Director, 20 to Assistant Director, while 431 others were promoted …

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has affirmed its commitment to the well-being of its customers. Addressing the 2022 Stanbic IBTC Pension Managers Employers Forum, the Chief Executive of Stanbic IBTC Pension Managers, Olumide Oyetan said that the survival of business enterprises depends on ensuring the general well-being of their staff, and having a pension fund provides …

The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Liquefied Natural Gas (NLNG) will set up a working committee towards improving liaison between them. This was agreed during a courtesy visit to NIMASA by the management team of NLNG, led by its Managing Director, Dr Philip Mshelbila. The Director General of NIMASA, Dr Bashir Jamoh said that a …

Mouka, an employer of choice in Nigeria’s sleep industry, beamed with pride as one of its staff received recognition as the “Risk Manager of the Year 2022” at the prestigious Nigerian Risk Awards and Leadership Summit recently held in Lagos. The theme of this year’s edition was “Tech in Risk Governance and Leadership”. The Nigerian Risk Awards (NRA) recognises and …