News

Five state governors in Nigeria have endorsed a peer advisory mechanism to enable them to monitor the implementation of their state-grown agricultural plans with a view to ending hunger by 2030. The peer advisory mechanism is a brainchild of the Nigeria Zero Hunger Forum (NZHF) that is aimed at reviewing, monitoring, and advising states in Nigeria on the ways and …

Read More »

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stated that Nigeria is in dire need of a Maritime Transport policy which will complement the existing National Transport Policy and advance the country’s global maritime trade. The DG stated this at the opening of the National workshop on Maritime Transport Policy (MTP) organised …

Read More »

United Capital Plc on Monday listed $10 million and N2 billion of its Nigerian Eurobond Fund, and Wealth for Women Fund respectively on the floor of The Nigerian Stock Exchange (NSE).  The listing followed a successful Initial Public Offer (IPO) of 100,000 units of US$100 each at par in the Eurobond Fund and 2,000,000,000 units of N1 each at par in the …

Read More »

The Asset Management Corporation of Nigeria (AMCON) has said at least 350 individuals in the country currently owe banks N2.5 trillion. Managing Director/Chief Executive Officer of AMCON, Mr. Ahmed Kuru, disclosed this at a Retreat for House of Representatives Committee on Banking and Currency in Enugu yesterday. He told the committee members that the corporation’s recent assessment of obligors as at …

Read More »

UP to N350 billion will be released in the first tranche for capital projects in this year’s budget, Minister of Finance Mrs. Kemi Adeosun said yesterday. At the presentation of the 2017 Appropriation Act in Abuja, the minister said the Federal Government had enough cash for the execution of key projects and initiatives this fiscal year. “We are ready, we …

Read More »

The Standards Organisation of Nigeria (SON) has uncovered over N8 billion worth of cloned cables at two residential buildings in the Ajangbadi area of Lagos. Its enforcement team uncovered the warehouses, where 20 different brands of cloned cables were kept. Made-in-Nigeria cables and other brands like NOCAN, Surecan, Necaco, Kablemex, Purecan and Nigertin, among others, were clonedin China. SON Director, …

Read More »

Following its 800 million dollars intervention in the inter-bank Foreign Exchange (FOREX) Market last week, the Central Bank of Nigeria (CBN), on Monday, injected 195 million dollars into the market to meet the requests of customers in the various segments of the market. The acting Director, Corporate Communications, Mr.  Isaac Okorafor, said in a statement in Abuja that the bank would …

Read More »

The Nigerian Minister of Finance, Honorable Kemi Adeosun, says the country will benefit by signing up for the African Development Bank funded ENABLE Youth (Empowering Novel Agri-Business-Led Employment) (http://APO.af/276D5p) Program. Nigeria’s signatory to the ENABLE youth program will make the oil-rich country the third African country coming behind Cameroon and Sudan to benefit from funds under the AfDB Feed Africa initiative. …

Read More »

Photo Caption: From Left:  Consultant, Hematologist, General Hospital, Lagos, Dr. Babafemi Thomas; State Coordinator, Lagos, World Health Organization, Dr. Abidaye Sunday; Tutor General/Permanent Secretary, Education District 4, Sabo Yaba, Mrs. Lola Are-Adebite; National Director/Chief Executive Officer, Sickle Cell Foundation, Nigeria (SCFN), Dr. Annette Akinsete and Director, SCFN, Mrs. Abiola Ogunbiyi, at the 2017 Quiz Competition for Senior Secondary School Student …

Read More »

Minister of Budget and National Planning, Senator Udoma Udo Udoma, has indicated that government will work hard to increase revenues so as to be able to fund the Budget. Senator Udoma also said that in spite of criticisms about government borrowings, the country’s fiscal deficit is still well within the three per cent (3%) limit and government is keeping very …

Read More »