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Business

FG Begins $2.5m Water Project In Benue

August 16, 2016
The implementation of the $2.5 million World Bank assisted 3rd National Urban Water Sector Reform Project in Makurdi, Benue State, has commenced. This was made known by the acting National Coordinator, Mr Fasoye Adewale, at a meeting with Governor Samuel Ortom of Benue State. During the courtesy visit to Mr Ortom at his office at the Government House to get
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AG Leventis Seeks Fresh Capital To Boost Operations

August 16, 2016
AG Leventis Nigeria Plc has concluded plans to inject fresh funds into its operations as part of its revival strategies. Executive Vice Chairman of AG Leventis, Mr Michail Economakis, disclosed this recently, while speaking at the ‘Facts behind the figures’ presentation ceremony at the Nigerian Stock Exchange (NSE). According to him, with the funds, the company would be turned around
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CBN Increases Dollar Sale To BDCs To $50,000

August 17, 2016
The maximum amount of Dollars that could be sold to the Bureau De Change (BDC) operators in the country has been increased from $30,000 to $50,000 per week. At the Bankers’ Committee meeting held at the headquarters of the Central Bank of Nigeria (CBN) on Tuesday, it was agreed that to boost the economy of the country, the amount of
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FMBN Seeks Help To Recover N100b From Developers

August 18, 2016
Management of the Federal Mortgage Bank of Nigeria (FMBN) has asked for ways to collaborate with the Economic and Financial Crimes Commission (EFCC). This was the main reason the FMBN paid a courtesy visit to the Commission on Thursday, August 18, 2016. During the visit, the FMBN team led by the acting Managing Director and Chief Executive, Richard Esin, lauded
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FG To Introduce 9% Tax On Calls, SMS, Others

August 19, 2016
Nigerians may have to start paying 9% tax on calls, SMS, PayTV, data and other internet services anytime soon. This move, according to the Federal Government, is aimed at increasing its revenue so as to fund the budget. Minister of Communications, Mr Adebayo Shittu, while speaking a stakeholders’ meeting organised by the Lagos Chambers of Commerce and Industry (LCCI) this
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Politics

redesign Naira Notes

Naira Depreciates at Official Market to N1,169/$1

April 20, 2024
By Adedapo Adesanya The Naira depreciated against the US Dollar on Friday in the Nigerian Autonomous Foreign Exchange Market (NAFEM) by 1.4 per cent or N15.91 to trade at N1,169.99/$1 compared with the previous day’s rate of N1.154.08/$1. The pressure was on the domestic currency during the trading session amid the foreign exchange (FX) supply shortage, as data from the
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Travel

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unlisted securities investors

Unlisted Securities Traders Lose N81bn in Week 15

By Adedapo Adesanya The 15th  week of trading at the NASD Over-the-Counter (OTC) Securities Exchange was bearish despite operating for only two days after the financial markets in Nigeria went on a three-day break from Tuesday through Thursday for the Eid-el-Fitr holiday.
April 15, 2024
IFMA Lara Paemen

Nigeria to Host 2025 IFMA Global Africa Conference

By Modupe Gbadeyanka The 2025 International Facility Management Association (IFMA) Global Africa Conference will be hosted by Nigeria, the Managing Director of the organisation for Europe, Middle East & Africa (EMEA), Ms Lara Paemen, has announced. Ms Paemen made this announcement during
April 15, 2024
Oil Production Shortfall

Minister Blames Shell for Nigeria’s Oil Production Shortfalls

By Adedapo Adesanya The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, has attributed the consecutive decline in Nigeria’s oil production capacity to 1.23 million barrels to issues from the Shell-operated Trans Niger Pipeline (TNP) as well as on maintenance
April 15, 2024
Coastal Services Plans

Nigeria to Unveil Inland Waterways, Coastal Services Plans

By Adedapo Adesanya The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, said that Nigeria would soon unveil its plans for the industry’s Inland Waterways and Coastal Services. The Minister was quoted to have disclosed this in a statement issued in
April 15, 2024
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