FG provides N37bn for prepaid meter suppl

June 12, 2018 BluePrint Newspapers 0

y The federal government said it has taken advantage of the new Meter Asset Provider (MAP) regulations to give a grant of N37 billion to a private sector operator to supply meters to interested Distribution Companies (DisCos). The Minister of Power, Works and Housing, Babatunde Fashola, disclosed this at the 28th monthly meeting of power stakeholders yesterday in Kaduna, said Read More

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‘Greed responsible for Abuja’s unoccupied houses’

June 12, 2018 BluePrint Newspapers 0

Alhaji Musa Paiko is the Chief Executive Officer (CEO) of Musa Paiko and Co, a real estate firm in Abuja. In this interview with TOPE SUNDAY, he spoke on why the country’s housing deficit persists. Despite the huge housing deficit in Nigeria, some houses are still unoccupied in Abuja. What do you think is responsible for this? The problems of Read More

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Onu woos investors on innovation

June 12, 2018 Binta Shama. Abuja 0

The Minister of Science and Technology, Dr.Ogbonnaya Onu has appealed to investors and venture capitalists to take advantage of the numerous research findings of the Ministry. Onu made the appeal when he received the Chairman, Specialised Exhibition Committee of the Lagos Chamber of Commerce and Industry, Engr Leye Kupoluyi, who paid him a courtesy call in his office, in Abuja. Read More

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Housing Deficit: Expert asks FG to extend infrastructure to districts

June 12, 2018 BluePrint Newspapers 0

The Chief Executive Officer (CEO) of Aadum and Company, Mr. Godswill Adum, has called on the federal government to provide massive infrastructure nationwide. Adum, who spoke with our reporter in Abuja, yesterday, explained that the massive provision of infrastructure across the country would ease risk and difficulties of building houses and subsequently reduce the huge housing deficit in the country. Read More

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LCC I calls for import duty review

June 12, 2018 BluePrint Newspapers 0

The Lagos Chamber of Commerce and Industry (LCCI) has called for the review of import duty and Customs administration as part of the ongoing tax reform towards enhancing ease of doing business in the country. Accoding to Director-General of LCCI, Muda Yusuf, the import duty on many inputs for production and investments is high, making investment difficult across most sectors. Read More

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Nigerians say process of obtaining FMBN’s loan cumbersome

June 12, 2018 BluePrint Newspapers 0

The Federal Mortgage Bank of Nigeria (FMBN) was established to supply the Nigerian mortgage markets with sustainable liquidity to enable Nigerians own homes. ROSEMARY MORIBIRIN and OZOMATA HALIMA spoke with Nigerian on what they know about the FMBN. FMBN’s loan procedure is stressful Federal Mortgage Bank of Nigeria (FMBN) is owned and controlled by Federal Government. I have not obtained Read More

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Need to patronise made-in-Nigeria

June 12, 2018 BluePrint Newspapers 0

Samuel Anike, an inventor of shoes, lives in Jos, Plateau state, but is an indigene of Ebonyi state. He sees the future of Nigeria being great, if only the citizens will embrace made-in-Nigeria goods. He says the present administration has made innovation more welcoming and today many have come out to showcase their talents. BINTA SHAMA reports. The Beauty of Read More

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BIPC denies selling N1.3bn shares

June 12, 2018 Daniel Agbo. Makurdi 0

Benue state Investment and Property Company (BIPC) yesterday denied selling shares worth N1.3 billion from the company’s investments. The new Managing Director and Chief Executive Officer of the company, Mr. Alfred Adem, in an interaction with newsmen yesterday in Makurdi, said rather than sold shares the company had bought back its position, which was earlier sold by past administration from Read More

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ActionAid Nigeria, Oxfam hold stakeholders meeting on 2019 agriculture budget

June 11, 2018 BluePrint Newspapers 0

The ActionAid Nigeria, Oxfam n collaboration with the Ministry of Budget and National Planning, the Department of Agriculture and Rural Development, the ECOWAS COMMISSION has invited stakeholders for a consultative Meeting on the 2019 Agriculture Budget. The meeting which is scheduled to hold at Swiss International D’Palms Airport Hotels, Lagos from 25th and 26th this month is according to ActionAid Read More

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Diamond Bank invests in Futurerewards 30 youth account holders with scholarships

June 11, 2018 BluePrint Newspapers 0

Diamond bank has rewarded 30 customers with N100,000 each in the just concluded Diamond Future and CoolTeens School Fees Saver Scholarship draw. The School Fees Savers Scholarship scheme is specially targeted at parents with children / wards in preschool, primary and secondary school. The initiative according to the bank aimed at driving customer loyalty and easing lifestyle challenges by rewarding Read More

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Currency swap with China’ll be used to finance trade & credit investment – CBN

June 11, 2018 Amaka Ifeakandu .Lagos 0

Central Bank of Nigeria (CBN) has released regulatory guideline for transactions with authorised dealers in Renminbi, under the Bilateral Currency Swap Agreement (BCSA) with China. The apex bank said that swap agreement between People’s Bank of China ( PBoC) and the CBN allows both banks to, among other purposes, make available liquidity in the respective currencies for the facilitation and Read More

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Afreximbank approves $17bn in financing to Nigeria

June 11, 2018 BluePrint Newspapers 0

The African Export-Import Bank (Afreximbank) approved financing amounting to $17 billion for Nigerian entities between its commencement of operations in 1994 and last December, Bank President Dr. Benedict Oramah has said. Dr. Oramah, who was speaking in Abuja on Thursday when he led an Afreximbank delegation on a visit to President Muhammadu Buhari of Nigeria, said that the Bank’s facilities Read More

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Labour ministry too weak to check oil coys’excesses – NUPENG

June 11, 2018 Halimat Ozomata 0

Nigeria Union of Petroleum and Natural Gas Workers ( NUPENG ) has said that the Federal Ministry of Labour and Employment was not making concrete efforts to check the protracted labour issues concerning the operations of the multinational oil and gas companies in the country. The union is also accusing Dutch oil giant, Shell, of pioneering the practice of casualisation Read More

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AfDB approves $10m investments in African financial institutions

June 11, 2018 Benjamin Umuteme. Abuja 0

In a bid to deepen the capital base of local financial institutions, the African Development Bank (AfDB) has approved $10 million equity investment in financial sector in Africa. The investment would also help stimulate corporate bond market in the continent. In a statement on Saturday the bank said the approval of the fund on the platform of its private-sector window Read More

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Stop rejecting treasury staff, AGF warns MDAs

June 11, 2018 Benjamin Umuteme 0

The Accountant–General of the Federation (AGF), Mr. Ahmed Idris, has warned Ministries, Department and Agencies that they risk being shot out of all government payment platforms if they continue to reject Treasury Staff posted to them. Mr. Idris gave this indication in Abuja when he recieved in audience the managment team of the National Agency for Science and Engineering Infrastructure, Read More

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NSIA puts total 2017 income at N27.93bn

The Nigeria Sovereign Investment Authority (NSIA), disclosed that totsl comprehensive income for 2017 financial year stood at N27.93 billion. Accordinf to the agency, the income is includes tbe impact of foreign exchange gains. Briefing journalists at the weekend in Abuja, the Chief Executive Officer, NSIA, Dr. Uche Oji, also disclosed that the agency recorded a 27 per cent growth in Read More

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Seplat debunks speculation on violation of local content policy

June 11, 2018 BluePrint Newspapers 0

SEPLAT Petroleum Development Company (Seplat), Plc a leading Nigerian indigenous oil and gas company has refuted the recent speculation on the violation of local content policy. In a statement signed by the Company Secretary, Dr. Mirian Kene Kachikwu , it said “contrary to recent press speculation regarding the Assa North/Ohaji South (“ANOH”) project, Seplat has not violated local content policy.” Read More

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NSE records N8.30bn income in FY

June 11, 2018 BluePrint Newspapers 0

The Nigerian Stock Exchange (NSE) has recorded a total income of N8.30billion for the financial year ended December 31, 2017. This represents an increase of 86 per cent in gross earnings when compared to the N4.46 billion achieved in 2016. The NSE result further that showed N3.82 billion surplus before tax growing by 5,629 per cent in the preceding period Read More

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NSE: Equity market rebounds, appreciating

June 11, 2018 Amaka Ifeakandu .Lagos 0

Trading activities on the flour of Nigeria Stock Exchange (NSE) last week closed in positive trend, appreciating by N673 billion. Specifically, market capitalisation of listed equities increased by 5.04 per cent to N14.008 trillion from N13.335 trillion reported the previous week. Also the NSE All Share Index rose by 1852.94 basis points or 5.03 per cent to 38669.23 points from Read More

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FG to enforce ECOWAS free trade protocol

June 9, 2018 Benjamin Umuteme 0

  The federal government is reviewing the enforcement of processes and certifications of foreigners entering Nigeria under the Economic Community of West African States (ECOWAS) Free Movement of Goods and Persons Protocol. Vice President, Yemi Osinbajo, disclosed this at Nigeria Customs Service Command and Staff College, Gwagwalada in Abuja where he presented certificates to about 40 senior Customs officers after Read More

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NSE posts N8.30bn gross earnings

June 9, 2018 Blueprint Newspaper 0

Nigerian Stock Exchange (NSE) has announced gross earnings of N8.30 billion and operating surplus after tax of N3.79 billion for the financial year ended Dec. 31, 2017. NSE made this known at the presentation of its results for the year ended December 31, 2017 at its 57th Annual General Meeting (AGM) in Lagos. The operating surplus after tax or profit Read More

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Seed sector can raise N2.2trn in 3 years – NASC

June 7, 2018 John Oba. Abuja 0

Director General, National Agricultural Seeds Council (NASC), Dr. Philip Olusegun Ojo, has revealed that the seed sector in Nigeria is capable of generating N2.2227 trillion in three years if the potential in the sector is properly harnessed. Speaking yesterday at the maiden edition of the Seed Connect Africa Conference and Expo 2018 in Abuja, Ojo said it will require 10,355 Read More

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OCP Africa to build fertiliser plant in Kaduna soon

As part of efforts towards the development of the Agricultural ecosystem in Africa, OCP Africa has reiterated its readiness to build a fertiliser blending plant in Kaduna state, aiming at supporting the Kaduna state Government in its strive to boost the agricultural sector. Country Manager and Deputy Managing Director of OCP, Mr. Caleb Usoh disclosed this after the presentation of Read More

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Seplat declares $44m profit before tax

June 7, 2018 Amaka Ifeakandu. Lagos 0

Seplat Petroleum Development Company Plc, an independent oil and Gas exploration and production company has recorded growth in its 2017 financial year as it declared profit before tax of $44 million. The company said that the performance reflects the return to profitability in the third and fourth quarters of 2017 where net quarterly profit before tax of $24 million and Read More

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FG rakes in N30bn from VAIDS

June 7, 2018 David Agba 0

The Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler, yesterday disclosed that N30 billion was received from individuals and organisations during the Voluntary Assets and Income Declaration Scheme (VAIDS) amnesty period. Mr. Fowler said this at the unveiling of the VAIDS Declaration Certificate yesterday in Abuja. The ceremony also had chairmen of states’ tax revenue agencies in attendance. Read More

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