Business

The Federal government under its agency, National Inland Waterways Authority (NIWA), has finally concessioned the Onitsha River Port in Anambra State  to two organisations and may likely commence operations before the end of 2018.

The Acting Managing Director, NIWA, Barrister  Danladi Ibrahim while addressing journalists on Monday in Lagos, stated that among the four river ports, in existence, two would be commissioned by the President before the end of the year.

A prophet has no regard in his hometown can apply to Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala, who was just appointed to the board of social media giant, Twitter Inc.

  On the two Nigeria’s administrations that she served, she achieved tangible economic growths – debt forgiveness during the Olusegun Obasanjo’s era and steady economic growth at seven percent of GDP while as economic coordinator of Goodluck Jonathan’s government.

President Muhammadu Buhari has appointed a former Deputy Governor of the Central Bank of Nigeria, Mr. Tunde Lemo, as Chairman of the Federal Emergency Road Maintenance Agency (FERMA).

Buhari also appointed a new Managing Director and six members of the board of FERMA.

President of the Senate, Bukola Saraki, made this known as he read a letter from the President at the plenary on Thursday in which he sought legislative approval for the appointments.

The Edo State government has pencilled down more tourist sites and destinations for revamp, following the positive disposition of private developers to invest in the sector.

Commissioner for Arts, Culture, Tourism and Diaspora Affairs, Mr. Osazee Osemwingie-Ero, disclosed this to journalists in Benin City, the state capital.

According to the commissioner, “We have visited several of our prized tourist sites and destinations, some of them have long been abandoned, some need maintenance while some need revamp, which we intend to do through public private partnership (PPP).”

A 42-year-old businessman, Moses Olusola, was on Wednesday arraigned before an Igbosere Magistrate Court by the Police over alleged conspiracy, forgery, fraud and obtaining sum of N2.8 million under false pretence of procuring Australian visa for his victim.
Olusola, whose residential address was not given, pleaded not guilty to the four-count charge levelled against him by the police after it was read to him by court registrar.