Metro

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that the Agency will enforce strict compliance to the International Maritime Organisation regulation which puts a maximum of 0.5%  sulphur cap  on all fuel used by vessels  by the year 2020. Dr. Dakuku who made this known during an interactive session with journalists …

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Nigeria’s external reserves fell to $41.995 billion at the end of October, representing a decline by $5.793 billion or 12.12 per cent, compared with the $47.788 billion it was as at the end of June, 2018, data compiled from the Central Bank of Nigeria’s (CBN) website has shown. The development was largely attributed to interest rate normalisation in some advanced …

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…as Bayelsa commences Safe Motherhood Scheme, payment to pregnant women By Amos Odeh Delta State Governor, Dr. Ifeanyi Okowa, on Wednesday was full of commendation for his Bayelsa counterpart, Honourable Henry Seriake Dickson, whom he said has set very high marks in governance worthy of emulation by their colleagues. He spoke as the special guest of honour at the DSP …

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…As 3 Banks fail liquidity ratio requirement The Central Bank of Nigeria (CBN) has revealed that commercial banks in the country lost a total of N12.06 billion to fraud and forgeries in the first six months of 2018. This is just as the banking sector regulator revealed that as of June 2018, three commercial banks did not have the prescribed minimum …

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In a bid foster a healthier and sustainable savings culture in kids, Wema Bank joined the world in celebrating the World Savings Day under the theme “decoding the financial educate challenge” by visiting several schools across the country to encourage students to build healthy savings habits and educate them on the ways to grow the little they manage to save. …

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As part of moves to curb fuel scarcity during the Yuletide, the Department of Petroleum Resources says it will suspend errant marketers for six months if they hoard Premium Motor Spirit, popularly known as petrol, and other products during the period. The Head, Downstream Monitoring and Regulations, DPR, Ijeoma Onyeri, stated this on Thursday in Abeokuta at the first Annual …

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…Femi Falana to deliver address  In commemoration of this year’s International Day to End Impunity for Crimes against Journalists (IDEI) 2018, the International Press Centre (IPC), Lagos-Nigeria is organising a tweet conference & media roundtable. The event, which is part of the “Nigerian Journalists Internet Rights Initiative (NJIRI),” is being supported by the International Freedom of Expression Exchange (IFEX). According …

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The Central Bank of Nigeria’s (CBN) Manufacturing Purchasing Managers’ Index (PMI) expanded to 56.8 points in October. The present position of the manufacturing PMI, indicated an increase for the 19th consecutive month. The CBN disclosed this in its October PMI report that was posted on its website. The index grew at a faster rate when compared to the index in …

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Stanbic IBTC Holdings, a member of Standard Bank Group, has announced its nine months unaudited group results for the period ended 30 September 2018 reporting profit after tax of N59.76 billion, an increase of 59 percent for the corresponding period in 2017. Speaking on the Group’s performance, Yinka Sanni, Chief Executive of Stanbic IBTC Holdings, said: “Our business continued to …

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The management of the Nigerian Stock Exchange (NSE) on Thursday suspended trading in the shares of Unity Bank Plc, Fortis Microfinance Bank Plc and four others over their continued delay in releasing their financial statement for verification by the exchange after several couple of months Other companies that came under the hammer of the self-regulatory body includes Thomas Wyatt Nigeria …

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