Business

Nigerian govt gives Task Force two weeks extension to resolve Apapa gridlock

.Agricultural investment will bring Nigeria out of poverty, says Osinbajo

Buhari orders CBN to blacklist firms smuggling 43 restricted items

The Central Bank of Nigeria (CBN) has announced plans to blacklist firms, its owners and top management caught smuggling or dumping any of the restricted 43 items into the country.
Governor of CBN, Godwin Emefiele, revealed at a meeting with palm oil producers in Abuja that the presidential directive was aimed at expanding and providing support to firms and individuals that want to increase the production of 10 different commodities in Nigeria, including palm oil production.

Ford issues multiple recalls for 1.3 million vehicles

Ford, on Wednesday, issued four recalls for its vehicles, including more than 1.2 Ford Explorer SUVs, which have an flaw that could result in drivers losing steering control of the vehicles.

The automaker will alert owners of all Explorers made between May 17, 2010, through Jan. 26, 2017 (2011-2017 models) of the issue. The defect could result in a fractured rear suspension, which affects steering.

The company says it is not aware of any injuries related to the defect.

Huawei turns to Africa to offset U.S. blacklist

As the U.S. leads a drive for the West to shun Huawei over security fears, the Chinese tech giant has sought to strengthen its position in Africa, where it is already well-established. Huawei has taken a leading role in developing next-generation 5G mobile phone networks around the world.
Russian President Vladimir Putin weighed in on Friday, slamming Washington's attempt to "unceremoniously push" Huawei out of the global market.

10 containers disappear under Customs watch

Ten confiscated 20-footer containers said to have been escorted by the national security from one terminal to another within the Tema port enclave have been declared missing in Ghana.
The 20- footer containers which were said to be full of canned tomatoes were sailed from the Tema Container Terminal (TCT) to the Atlas in a distance of about 9.9 kilometers.
The containers, according to information, were classified as overstayed cargos and were being transferred to Atlas for further examination and necessary action.

FAAN shuts MMIA APRON Gate 1 for repairs

The Federal Airports Authority of Nigeria has announced the shutting down of the Murtala Muhammed International Airport’s Apron Gate 1 and some sections of Taxiway F to human and vehicular traffic for six weeks.

13 million households to embrace cooking gas in five years, says Osinbajo

Vice President of Nigeria, Prof Yemi Osinbajo, has said that the Federal Government was working to ensure that 13 million households embrace cooking gas in the next five years.
He stated this on Friday while commissioning a Liquified Petroleum Gas (LPG) Cylinder Manufacturing Plant in Lekki area of Lagos State.
“The goal is to achieve five million Metric Tonnes (5,000,000 MT) of domestic, commercial and industrial LPG utilization in 10 years.

Edo govt to launch Production Centre

The Edo State government is set for the launch of the Edo Production Centre, an initiative of the Governor Godwin Obaseki-led administration.
The production centre is a fully serviced production workspace for artisans and Small and Medium Enterprises (SMEs) involving with manufacturing. They are provided access to 24-hour electricity as well as shared storage, equipment and other production solutions.

Sahara Group advocates enforceable policies to support climate protection in Africa

By Valentine Amanze

Energy giant, Sahara Group, has advocated for more stakeholder collaboration in the design and adoption of enforceable policies and regulation that could effectively curb the menace of climate change in Africa.
It would be recalled that June 5 of every year is celebrated globally as World Environment Day.
The theme for this year is: #BeatAirPollution.

Do not sign Water Sector Bill into law, Labour, Civil Rights groups urge Plateau governor

The Amalgamated Union of Public Corporations Civil Service Technical and Recreational Services Employees (AUPCTRE) and the Environmental Rights Action/Friends of the Earth Nigeria (AUPCTRE) have asked Governor Simon Lalong of Plateau State not to sign the Plateau State water sector law which was passed by the Plateau State Assembly on Thursday May 30, 2019.

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