Godwin Emefiele in three years as the governor of the Central Bank of Nigeria (CBN), has encountered several hurdles but still continue to wriggle the nation’s economy through by ensuring macroeconomic stability for the nation. As these efforts are being commended, it is clear he needs to do more, BAYO AMODU and BUKOLA IDOWU report. […]
The post 3 Years Of Emefiele In CBN Saddle appeared first
Engr .C. A. Nwobu, airport manager, Port Harcourt International Airport, in this interview with ANTHONY AWUNOR, assures that all their facilities are working operationally, adding that the airport is the third most viable in the country. What are the major challenges faced by PHIA? I am sure you know that Port Harcourt International Airport is […]
The post Port Harcourt
The Federal Operations Unit, FOU, Zone ‘A’ Lagos, of Nigeria Customs Service, NCS, has arrested 10 suspected smugglers on illegal trade, even as the Unit seized 384 parcels of hard drugs, along Iyana-Ipaja road, concealed in six bales of second hard clothing, imported into the country from Ghana.
The post Illegal trade: FOU arrests 10 suspects, seizes 384
Original primary purpose was defeated by the breaking of the proposed PIB into about five parts and passing only one part, by the Senate. It is a first step towards the misalignment of the laws governing the petroleum industry
The post Senate passage of PIB bill has heavy unproductive costs — Onovo appeared first on Vanguard
Government should even tell us the level of implementation of 2016 budget, because at present, 2016 appropriation bill is yet to be fully implemented
The post N7.44tn budget can’t pull economy out of recession — Financial expert appeared first on Vanguard News.
Federal Government of Nigeria hopes to raise at least $1 billion from a scheme that will give tax evaders a chance to make payments retrospectively, the finance ministry said on Friday. The OPEC member, which has Africa’s largest economy, is in the second year of a recession brought on by low oil prices. Crude sales […]
Some local contractors in the country have lost their homes to commercial banks that guaranteed their loans for the execution of the contracts following the failure by the Federal Government to pay for the executed contracts.
The post Local contractors lose homes to banks over indebtedness appeared first on Vanguard News
The Tincan Island Command of Nigeria Customs Service, NCS, has commended the Assistant Commissioner of Police, ACP Toyin Agbaminoja, the outgoing Divisional Police Officer, DPO, Roro Port Police Division, Tincan Island for operational efficiency in handling security issues within the port in the last two years.
The post Bashar lauds port police on operational efficiency appeared
The unrelenting economic recession in the country has been impacting all facets of activities of companies. The worse hit is their implementation of Corporate Social Responsibility, CSR. OLAJIDE FABAMISE writes. The shrinking of the economy and businesses has compelled many firms to scale down every aspects of their activities as they face financial and operational […]
The post Recession:
Central Bank of Nigeria, CBN, said yesterday that it intervened in talks after Etisalat Nigeria defaulted on a $1.2 billion loan because it sought to prevent job losses and asset stripping. Isaac Okorafor, a spokesman for the Apex bank, said they intervened, along with telecoms regulator the Nigeria Communications Commission ,NCC, because Etisalat Nigeria is […]
THE Federation Account Allocation Committee, FAAC, disbursed N418.82 billion to the three tiers of government in May 2017 from the revenue generated in April 2017, according a report released by National Bureau of Statistics, NBS, yesterday.
The post FAAC disburses N418.8bn to FG, states, LGs in May—NBS appeared first on Vanguard
PSALTRY International Company Limited, one of the investors in the Nigerian cassava industry, has said that the country has started benefiting from its investment as the import substitution policy of the Federal Government in cassava starch has earned it $4 million (about N1.22 billion) in the financial year ended 2016.
The post Import substitution: Cassava
CONOIL Plc. yesterday for the second consecutive day topped the gainers’ chart on the Nigerian Stock Exchange NSE, following investors’ reaction to its 2016 positive earnings report. The report noted that the stock appreciated further by N4.14 to top the gainers’ table, closing at N44.56 per share. The stock on June 21 also led the […]
FEDERAL Government States and the Local Government Areas yesterday shared the sum of N462.359 billion for the month of May from the federation account This was stated by the Acting Accountant General of the Federation AGF, M. K Usman while briefing journalists at the May Federation Account Allocation Committee meeting FAAC held in Abuja. The […]
By ABAH ADAH, The coming on board of the President Muhammadu Buhari administration in 2015 brought an unprecedented hope of improved and steady power supply to Nigerians, especially as the electioneering campaign and the Party’s manifesto spoke so much about turning around the key sectors including power for effective economic development. The government inherited a […]
The post Electricity
Consortium of 13 banks involved in Etisalat Nigeria loan on Thursday refuted reports that they have taken over the operations of the company. A management source close to the banks who pleaded anonymity told the News Agency of Nigeria (NAN) in Lagos that there was no truth in the report making the round. The source […]
The post Etisalat $1.2bn Loan: Banks Denies Taking Over Company
by YUSUF BABALOLA Clearing agents and Shippers operating in the nation’s seaports have urged the Federal Government to grant waiver and special concession to goods that are held up at due to difficulties in assessing the ports in Lagos – Tin-Can and Apapa. This appeal was made by the President of the National Council of […]
The post N6.7b Demurrage:
ETISALAT Nigeria has refuted media reports that it is being investigated by the Economic and Financial Crimes Commission (EFCC), following a petition to “the Federal Government asking that Etisalat be investigated” on how the funds from the syndicated loans were utilized. The Telecommunication firm, in a press statement issued yesterday by the VP, Regulatory & […]
Federation Account Allocation Committee (FAAC) meeting on Thursday distributed a total N462.359 billion to the three tiers of government for the month of May 2017 Acting Accountant General of the Federation, Muhammad Usman who addressed [...]
The post FAAC shares N462.359bn for