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Delaying NFIU’s autonomy may derail anti-graft war-ABCON

  The Association of Bureaux De Change Operators of Nigeria (ABCON) has cautioned that the delay in granting operational autonomy to the Nigerian Financial Intelligence Unit (NFIU) may derail the anti-corruption war. The ABCON President, Alhaji Aminu Gwadabe who disclosed this to financial Journalist in Lagos expressed worried that delaying the NFIU autonomy would derail […]

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Nestle leads losers table as equity market sheds N75bn

By Amaka Ifeakandu Lagos Nestle Nigeria Plc recorded the highest loss for the day, declining by N72.20 kobo to close at N1372.80 kobo, Nigerian Breweries trailed with a loss of N4.60 kobo to close at N137.40 kobo, Stanbic IBTC down by N0.30 kobo to close at N45.05 kobo, FCMB group fell by N0.20 kobo to […]

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NDIC vows to ensure transparency in banking sector

By David Agba Abuja The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has said that the Corporation will not go back on its mandate of enforcing good corporate governance, transparency and accountability in the banking sector. Alhaji Ibrahim made the remark during the inauguration of the re-constituted Anti-Corruption and Transparency Unit (ACTU) […]

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SON engages builders, others on building collapse

By Adeola Tukuru Abuja The Standard Organisation of Nigeria (SON) says unveil certificate on Product Authentication maark to protect genuine manufacturers, importers and consumers against cloning and fake products on April 1st,2018. The Director General of Standard Organisation Nigeria (SON), Mr Osita Aboloma, who disclosed this at a stakeholders’ workshop yesterday in Abuja said the […]

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Total deregulation’ll stability in petroleum sector – Expert

By Benjamin Umuteme Abuja Former Group General Manager, Corporate Planning in NNPC, Mr. Babajide Soyode, has insisted that only a total deregulation of the petroleum sector will bring stability in the sector. Soyode, who stated in this in Abuja added in order to attract investors and curb the incessant fuel scarcity in the country deregulation […]

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Navigational signs crucial to boat operation, Govt told

By Ajibola Abayomi Lagos Navigational signs and lights along the nation’s waterways is crucial to boat operators, the Association of Tourists Boats Operators and Water Transportation of Nigeria (ATBOWATN), has said. According to the association, this would guarantee safe navigation on waterways in order to reduce the rate of accidents on waters. According to the […]

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7.82m workers register under pension scheme – NBS

The National Bureau of Statistics (NBS) has disclosed that no fewer than 7.82 million workers are registered under the pension scheme in the fourth quarter of 2017 compared to 7.71 million registered workers in the third quarter of the year. The NBS in its “Pension Asset and Membership Data for Fourth Quarter, 2017’’ report stated […]

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States to domesticate policy covers

Stories by David Agba Abuja Plans are underway to ensure all the 36 states of the federation, including the Federal Capital Territory (FCT), to domesticate insurance in their respective states. Since insurance law is a federal law, it needs to be domesticated to be effective in states. Already, Lagos, Ogun States and others have domesticated […]

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China, Germany, Brazil investors for Kwara Trade Fair

By Umar Bayo Abdulwahab Ilorin Manufacturers and investors from the Peoples Republic of China, Germany, Netherlands and Brazil have indicated their interests to participate in the Kwara state’s 7th Trade Fair. Similarly, some countries from Economic Communities of West African States (ECOWAS) have also shown interest in participating in the Fair billed to hold in […]

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USDA seeks collaboration with biosafety

By Helen Oji Abuja United States Department of Agriculture Lagos office (USDA), has pledged its readiness to collaborate with the National Biosafety Management Agency (NBMA) in achieving set mandate. USDA stated this while on a courtesy visit to the National Biosafety Management Agency (NBMA) in Abuja, on a fact finding mission. Director – General of […]

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CBN threatens to sanction exporters over forex repatriation

Tope Musowo Lagos Lagos state Commissioner for Tourism, Arts and Culture, Mr. Steve Ayorinde has said the state is ready to deploy innovation, technology and globally tested resources to achieve its goal in marketing her tourism assets as part of the tourism master plan. Speaking during a courtesy call by promoters of Tourism Innovation Development […]

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N45bn severance benefits : Nigeria Airways retirees vs Kemi Adeosun

Retirees of the defunct Nigeria Airways have continued to mount pressure on the Ministry of Finance for the release of N45 billion approved by the federal government for payment of their retirement benefits, reports IME AKPAN Despite the seemingly poor salary, many people still find the civil service attractive and a place to work because […]

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Arik settles rift with BASL

Arik Air has reached reconciled Bi-Courtney Aviation Services Ltd (BASL), operators of the Murtala Muhammed Airport Terminal 2, by moving its Garden City Express operations to the facility. The airline said the service would enable customers to fly direct to Port Harcourt City from MMA2 It said the daily flights service which commence on February […]

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NAMA tasks SERVICOM c’ttee on service excellence

By Ime Akpan Lagos The Managing Director of the Nigerian Airspace Management Agency (NAMA), Capt. Fola Akinkuotu has charged the newly inaugurated Service Compact with all Nigerians (SERVICOM) committee to ensure that service delivery in the agency meets international best practices and in line with its service level agreement with customers. Capt. Akinkuotu stated this […]

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Projects execution: KACCIMA urges public private partnership

Kano state Chamber of Commerce, Industry Mines, and Agriculture (KACCIMA) has stressed the need for public private partnership in projects execution as a matter of priority through other funding alternatives offered by such partnership. In a communiqué signed by the Director-General of the Chamber, Malam Tijjani Aliyu, at the end of a two-day retreat organised […]

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Mining Indaba: New electromagnetic survey tops FG’s agenda

Stories by Ayoni M. Agbabiaka The federal government has packaged a convincing presentation on its New Nigeria Airborne Electromagnetic Surveys Results to drive more investments into the country’s mining sector. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, who lead the Nigerian delegation to the ‘Investing in African Mining Indaba,’ which kicks off […]

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Tracking the National Housing Fund

In its determination to make ‘housing for all’ a reality, the Federal Government established the Federal Mortgage Bank of Nigeria (FMBN) in 1956. It was formerly known as the Nigerian Building Society (NBS). The Federal Government, by the Indigenisation Act [1973], acquired the NBS and consequently renamed it the Federal Mortgage Bank of Nigeria (FMBN). […]

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I sold recharge cards to fund my SSCE exams – Technician

Goals are not only absolutely necessary to inspire us, they are very important to motivate and keep us going, so says Atsen Levi, an Abuja-based recharge card seller and phone technician, PAUL OKAH reports. It is without doubt that sales of recharge card, repair of phones as well as SIM registration is a lucrative business […]

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Equity market sheds N136bn

By Amaka Ifeakandu Lagos Trading activities on the floor of Nigerian Stock Exchange (NSE) yesterday opened week in bearish trend, depreciating N136 billion. Specifically, market capitalisation of listed equities declined by 0.85 per cent to N15.883 trillion from N16.019 trillion recorded on Friday. Also, the NSE All Share Index fell by 378.27 basis points to […]

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Nigeria should deepen economic ties with China – Kayode

By Donald Iorchir Abuja The President of Abuja Chamber of Commerce and Industry (ACCI), Prince Adetokunbo Kayode has described the economic and diplomatic ties with China and Nigeria as one that has impacted positively on both nations emphasizing that it must be maintained. The ACCI president who spoke during the week at the Annual Reception […]

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Banks in Britain, U.S. ban Bitcoin buying with credit cards

Banks in Britain and the U. S. have banned the use of credit cards to buy Bitcoin and other “crypto currencies”. The banks fear that a plunge in their value will leave customers unable to repay their debts. British Prime Minister Theresa May has said Britain should take a serious look at digital currencies such […]

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NIRSAL explores insurance to curb farmers/herdsmen’s clashes

By Benjamin Umuteme Abuja Managing Director of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Mr Aliyu Abdulhameed says the firm was exploring insurance for livestock to reduce clashes between herdsmen and farmers. The NIRSAL’s boss , who disclosed this at the opening ceremony of a four-day training workshop on risk modeling of […]

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Reps grant Navy 1% NIMASA fund

The Nigerian Navy will access one percent of the fund accruing to the maritime sector as part of efforts to address some of its funding challenges. This is contained in the amendment to the Maritime Operations Coordinating Board, an aspect of the Act establishing the Nigeria Maritime Administration and Safety Agency (NIMASA). The amendment was […]

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Cuba, ABUCCIMA to fast track econ ties

By Donald Iorchir Abuja A renewed commitment by the Republic of Cuba to strengthen economic relations with Nigeria was made known in Abuja by the Cuban Ambassador to Nigeria, Carlos Treso Saso. He reiterated this while on a courtesy visit to the President of the Abuja Chamber of Commerce and Industry, Prince Adetokunbo Kayode. At […]

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Nigerian youths should take up leadership – Ogbole

Lialian Ene Ogbole is the President One Adult, One Youth (OAOY), advocacy group, She is the first to voice out on behalf of all youths on the need to effect in leadership, BINTA SHAMA reports Break of new dawn… There are women who have fought actively in this game from time past for same folks […]