Business

The Nigeria Cassava Growers Association (NCGA) says it is targeting the production of additional two million tonnes of cassava for industrial use in the next cropping season. National President of the association, Mr. Segun Adewumi, disclosed this in an interview, in Abuja, on Thursday. He said the association had presented a proposal to the Nigerian Incentive-Based Risk Sharing System for …

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…To Take Effect From 4th January, 2018 The Nigerian Civil Aviation Authority (NCAA) in conjunction with the Nigerian Airspace Management Agency (NAMA) has carried out a review of Aerodrome Operating Weather Minima for 18 airports in Nigeria. This is in compliance with the provision of Part 8 of the Nigerian Civil Aviation Regulations (Nig.CARs Part 8), and in accordance with …

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The export of Nigerian crude oil to the United States rose by 56 per cent to 13.67 million barrels in October last year, the highest level since February 2013. The latest data obtained from the statistics arm of the US Energy Department, Energy Information Administration, showed that the country imported 8.76 million barrels of Nigerian crude in September, down from …

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The Financial Reporting Council of Nigeria (FRCN’s) decision on audit committee chairman’s qualification has been reversed, as shareholders under the aegis of Independent Shareholders Association of Nigeria (ISAN), last week Friday, won the case against the Council. The FRCN had in 2015, issued and published a statement that “any person contesting as Chairman of Audit Committee to annual report statement, …

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FMDQ OTC Securities Ex change recorded a turnover of N130.17 trillion in the first 11 months of 2017, according to provisional data provided by the over-the-counter platform for debt securities. The turnover included all products traded on the FMDQ secondary market including foreign exchange, treasury bills, sovereign bonds, other bonds issued by agency, sub-national, corporate and supranational institutions, Eurobonds and …

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Nigeria’s power transmission grid collapsed on Tuesday night, a development that led to widespread blackout across the country. It was learnt that the collapse was due to a fire incident on the Escravos Lagos Pipeline System of the Nigerian Gas Processing and Transportation Company Limited. The incident led to a shutdown of the pipeline that supplies gas to six thermal …

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The Securities and Exchange Commission (SEC) has announced that the e-dividend registration exeecise would continue seamlessly in spite of the expiration of the December 31st 2017 Free registration deadline. It would be recalled that the e-dividend Free Registration expired on December 31, 2017. Acting Director General of SEC, Dr. Abdul Zubair, who made the announcement at a press briefing Tuesday, …

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…Announces Traffic Diversion Routes The Lagos State Government on Monday announced plans to enforce partial restriction of movement for motorists in Agege axis to accelerate the ongoing construction of Pen Cinema Flyover starting from January 4, 2018. In a statement by the Permanent Secretary, Ministry of Works and Infrastructure, Engr Olujimi Hotonu, the State Government said there would be a …

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The Lagos State Police Command on Tuesday said it has dismissed nine policemen found culpable of various offences. Twenty five other cops were reportedly demoted for offences bordering on gross insubordination, incivility and drunkenness, among others. According to a statement by the state Police Public Relations Officer, SP Chike Oti, 60 rank and files also faced disciplinary action for misconduct. …

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The National President, Maize Association of Nigeria, Alhaji Bello Abubakar-Annur, says the union is planning to engage 500,000 farmers in maize cultivation in the farming season across the country. Abubakar-Annur said in Sokoto that the figure was part of the target set by the association to complement the efforts of the Buhari Administration at reviving agriculture for food security and …

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