Shola Shittu

FG Targets N10.2tn Increase in GDP

The Federal Government plans to increase the country’s Gross Domestic Product by N10.2tn next year from the 2016 figure of N98.5tn to N108.7tn. A country’s GDP is the total monetary value of all the finished goods and services produced within...

FCTA Moves to Enhance Satelite Communication

The on-going National Information and Communication Technology (ICT) Infrastructural project, has received a boost following the decision by the FCTA to partner with Galaxy Backbone, facilitators of the scheme. FCT Minister, Malam Muhammad Musa Bello gave this assurance, while receiving the Managing Director of...

Nigerian Wins OIC Ramadan Photo Contest

…6 winners with 6 best photos will be sponsored to perform Hajj by OIC The General Secretariat of the Organization of Islamic Cooperation (OIC) is pleased to announce the winners of its Ramadan photo contest “The Human Face of Ramadan”...

NASCON Revenue hits N8.59bn in Six Months

NASCON Allied Industries has declared a revenue of N8.59 billion for the half year ended June 30, 2016. This is against the N6.61 billion posted in the comparative period of 2015. The report is contained in the company's audited result...

Indorama Investment in Eleme Petrochemical to Hit $4.2bn by 2020

The Acting Director General of the Bureau of Public Enterprises (BPE), Dr. Vincent Akpotaire has said that investment of Indorama in Eleme Petrochemicals Limited may hit $4.2 billion by 2020. He also said that the company is currently implementing the world...

CBN Directs Banks to Review Foreign Currency Loans

The Central Bank of Nigeria (CBN) has urged banks to review foreign currency denominated loans in line with the Prudential Guidelines for Deposit Money Banks in the country. This is contained in a statement signed by the Director of Banking...
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