Business

THE Director General of the Industrial Training Fund (ITF), Mrs. Juliet Onaeko, said in Lagos, Friday,that a survey of skill gap in different sectors of the economy was on going. The study, she said, will determine the required skilled manpower needed by different sector.

THE history of the Nigerian Automobile industry dates back to early 1960s when private companies like UAC, Leventis, SCOA, BEWAC, and RT Briscoe pioneered the industry with their auto plants, using either Completely Knocked Down (CKD) or Semi knocked Down (SKD) parts.

DESPITE the huge sum the Federal Government spends on kerosene subsidy in order to make it affordable and available, respite is yet to come the way of the Nigerian masses, as the commodity continues to remain scarce. Kerosene is a product commonly used for cooking and other energy needs.

FRIESLAND Campina WAMCO Nigeria PLC, makers of premium dairy products Peak, Three crowns and Frisco milk brands, has declared a turnover of N126.44 billion in 2014 against N120.26 billion in 2013.

A cluster of Oron communities in Akwa Ibom State have urged the government, at all levels, to make available to them hard copies of yearly budget estimates so as to monitor the execution of projects in their areas, as well as to be able to contribute to subsequent budget estimates.

Twenty-nine ships are expected to offload their cargoes at the Lagos ports from May 22 to June 5, the Nigerian Ports Authority(NPA) said on Friday in Lagos.

Globally, human error has been accepted as a primary contributor to more than 70 percent of commercial airplane accidents.

Following the successful inauguration of its state-of-the-art check-in facilities and other technology innovations, Bi-Courtney Aviation Services Limited (BASL), operator of the Murtala Muhammed Airport Terminal Two (MMA2) is set to score another first with a novel online competition, titled: MMA2KIARace.

With the advent of airlines’ zero commission policy in aviation industry, where travel agents no longer enjoy commissions from the airlines, they have focused on other business models to accommodate alternative means of generating revenue that would grow their products and services.

One of Nigeria’s leading carriers, Medview Airlines, has received a huge boost in its expansion drive as the Federal Government has designated the airline to begin operations into 10 new international routes.

SEPLAT Petroleum Development Company Plc has responded to allegations suggesting that the company benefitted from improper tax waivers in relation to its grant of pioneer tax incentive by the Federal Government. The firm, in a statement signed by its Chief Executive Officer, Austin Avuru, noted that: “In 2013, SEPLAT applied for pioneer status incentive through…

On assumption of office on the 19th of May, 2014, the Managing Director of the Bank of Industry (BoI), Rasheed Olaoluwa unveiled his strategy for implementing the bank’s development intervention agenda, focusing on Small and Medium Enterprises, Large enterprises and the agro-allied sector.