News

LCCI Holds 2016 Members’ Day Exhibition 6 September The Lagos Chamber of Commerce and Industry (LCCI), the premier chamber of is set to hold its 2016 Members’ Day exhibition and networking event with the theme “Increasing the Visibility of Members”. The event is an opportunity for all members of the chamber to showcase their products and services to the general …

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Good Environmental Practices, not Fear Panacea to Flooding-NCF Nigerians living in and around the flood-prone areas within the states listed in a recent flood alert issued in Abuja by the Nigerian Hydrological Service Agency (NHSA) have been urged to engage in measures that can mitigate the effects of the flood rather than dwell on the fear of the disaster. The …

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  LASG Partners Sterling Bank,  Microsoft, Others on Youth’s Skill Acquisition programme  In line with its strategic focus on youth empowerment and skill acquisition, Lagos State Ministry of Employment and Wealth Creation has announced its partnership with Sterling Bank, Audax Solutions Limited, Microsoft, Etisalat and Andela for the 2016 Lagos Study Program. The 11-week programme, which is billed to train …

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  Dangote Group to Invest over N53billion in Rice, Sugar Production Barring any last minute change in decision, the Dangote Group of Companies is set to further expand its business by investing over N53 billion in the production of rice and sugar in Nasarawa State. The President of the company, Alhaji Aliko Dangote, disclosed this on Thursday in Lafia, Nassarawa State capital, …

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CBN lifts suspension from FX Market on Fidelity Bank, eight others Dayo Emmanuel   The management of Fidelity Bank Plc has announced to customers of the bank the Federal Government of Nigeria’s recent lifting of suspension from the FX Market. In a release made available to customers and signed by the management, the bank is pleased to inform the public …

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Nigeria officially in recession, GDP growth drops to -2.06% The National Bureau of Statistics, NBS will be releasing the second quarter GDP which will show that the country is officially in recession because the economy shrank by -2% in the second quarter of the year. Key indices that let to this result includes the sharp drop in Nigeria’s soverign revenue. …

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Teenager Arrested For Swinling Public Folake Sokoya The Operatives of Rapid Response Squad (RRS) of Lagos State Police Command, have apprehended an 18 -year-old boy, Segun Adeyefa, for allegedly selling bar of soap as mobile phones to unsuspecting members of public in traffic. The suspect was arrested by the RRS men on routine patrol of Ikorodu Motor Park yesterday at …

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NIMASA pledges to fully enforce the implementation of ISPS Code The Nigerian Maritime Administration and Safety Agency, (NIMASA) has again restated its position in ensuring the full implementation and enforcement of the International Ships and Ports Facility Security (ISPS) code in the nation’s ports. The Director General, Dr. Dakuku Peterside stated this at the opening ceremony of a five-day training …

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Oscar task dealing clerks on professionalism, integrity FRIDAY EKEOBA The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has tasked recently qualified dealing clerks to maintain internal values of Professionalism, Integrity, Transparency and Reliability. Addressing the market community at the induction ceremony on Monday,  Onyema  said out of 50 candidates who wrote the Chartered Institute of Stockbrokers …

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COMMENTS ON THE STATE OF THE ECONOMY Perhaps the major challenge facing the Nigerian economy at this time is the inability to regain the confidence of investors, both local and foreign. Regrettably, the instability and inconsistency in the foreign exchange management policy have been complicating matters. The economy has a major structural defect of being heavily import dependent. This cannot …

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