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Saturday, November 23, 2019

AMCON: Aero Crisis Worsens, May Sack Workers

Aero Contractors, one of Nigeria’s largest domestic airlines, is set to lay off some of its workers as its financial crisis becomes worsened. Already, the...

E-payments: CBN Unveils Sanctions Against Banks, Others

E-payments: CBN Unveils Sanctions Against Banks, Others   The Central Bank of Nigeria has announced a series of new sanctions that will be meted out to...

FG Earmarks N20bn For Minerals Exploration

FG Earmarks N20bn For Minerals Exploration The Federal Government has earmarked N20bn for exploration activities in the solid minerals sector in 2018. The Minister of Mines...

Economic Growth Depends on Patronage of Nigeria-made Products — Buhari

President Muhammadu Buhari has said his greatest desire is to guide Nigeria to become an export-led economy. According to him, there is no way to...

Nigeria will Sustain Positive Growth Outlook – Adeosun, Emefiele

Nigeria will Sustain Positive Growth Outlook – Adeosun, Emefiele …External Reserves Hit $47.93bn Nigeria’s Minister of Finance, Mrs. Kemi Adeosun and the Governor of Central Bank...

GDP: Danbatta Expects Further Growth In telecoms Sector

Says NCC will review 2.6GHz spectrum auction The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Professor Umar Garba Danbatta, has lauded the...

WAPIC Unveils 5 New Products To Meet Unique Lifestyles of Nigerians

The Wapic Insurance Plc, has unveiled five new insurance products to meet the unique lifestyles of Nigerians. The products that are classified under Wapic Smart...

Vlisco to Invest $200m in Nigeria

Vlisco to Invest $200m in Nigeria …700,000 jobs underway Vlisco Group, a Dutch clothes firm, has proposed an investment of 200 million dollars by the company...

FG Orders Banks To Stop Retrenchment

The Federal Government has directed banks, insurance and financial institutions to stop the on-going retrenchment in the sector. This is contained in a statement signed...

N7.3bn Indian-Imported Tramadol Seized By Custom

N7.3bn Indian-Imported Tramadol Seized By Custom   The Nigeria Customs Service says it has intercepted forty 40-foot containers loaded with tramadol and other dangerous drugs from...
AMCON Boss, Ahmed Kuru

Bad Loans: Nigeria Needs Reintroduction of Failed Bank Act- Kuru

Bad Loans: Nigeria Needs Reintroduction of Failed Bank Act- Kuru The Managing Director of Asset Management Corporation of Nigeria (AMCON) Mr Ahmed Kuru has advocated...
cbn

CBN, Other Financial Institutions Harp On Economic Reforms

CBN, Other Financial Institutions Harp On Economic Reforms   The Central Bank of Nigeria (CBN), International Monetary Fund (IMF), and Financial Market Dealers Association (FMDA), were...

Forex Irregularities Scare Marketers Off Kerosene Importation

Forex Irregularities Scare Marketers Off Kerosene Importation Oil marketers in Nigeria are still reluctant to resume the importation of Dual Purpose Kerosene (DPK), after abandoning...

MTN Gets N221m Waiver on Telecoms Permit Fee in Kano

MTN Nigeria has got a whopping N221 million waiver on telecoms permit fee in Kano following the timely intervention of the telecoms regulator, the...

Oil Workers To FG: Beware Of Monumental Industrial Crisis

Oil Workers To FG: Beware Of Monumental Industrial Crisis Oil workers under the aegis of the Nigeria Union of Petroleum and Natural Gas Workers have...

FG Bans Mass Disconnection Of Electricity Customers

The Nigerian Electricity Regulatory Commission (NERC) said it has banned the mass disconnection of electricity debtors by the 11 Distribution companies (Discos) just as...

Operators Protest As PoS Agents Slam N50 Charge

Operators Protest As PoS Agents Slam N50 Charge   Agent banking service providers are protesting the introduction of the N50 charge imposed on individual transactions above...

Nipco outlines growth strategies for Nigeria’s downstream petroleum business

NIPCO Plc has outlined measures being put in place by the majority shareholders of the newly acquired Mobil Oil Nigeria Plc, to make the...

Anambra Govt Signs $47.25m MoU for 40MW Power

Anambra State Government has signed a Memorandum of Understandings, MOU, with Zolts Energy Limited, for the construction of a 40-Megawatt embedded power generating plant...

We Don’t Have 70,000 Staff – NNPC

We Don’t Have 70,000 Staff – NNPC   The Management of the Nigerian National Petroleum Corporation (NNPC) has clarified that it has neither 70,000 staff in...