By Amechi Obiakpu The National Union of Banks, Insurance and other Financial Institutions Employees (NUBIFIE) has been asked to observe the rules and principles of Industrial Relations in Nigeria while seeking justice for their cause. The Nigeria Employers’ Consultative Association (NECA) made the statement against the backdrop of the planned picketing of select banks by […]
The Federal Government says it will grant a 90 billion Naira loan to the 36 states of the federation. The loan, according to the Federal Government, will cover a period of one year. However, the loan will be extended to the state governments after they meet 22 stringent conditions put together by the federal government […]
By Boniface Okoro, Umuahia Abia State Government on Tuesday in Umuahia received a loan of N1 billion Commercial Agricultural Credit Scheme from the Central Bank of Nigeria (CBN). A terse statement issued by Enyinnaya Appolos, the Chief Press Secretary to Governor Ikpeazu Okezie, said the Abia State Commissioner for Agriculture, Mr. Uzo Azubuike, and his […]
With the series of attacks carried out by the Niger Delta militants in the last few weeks, the country’s crude oil production has dropped to about 1.1 million from the normal output level of 2.2 million barrels per day. Using the international benchmark of crude oil price of $50 per barrel, the Federal Government is […]
The Federal Ministry of Environment in partnership with Etisalat Nigeria commemorated the 2016 World Environmental Day with a symbolic planting of trees among other activities geared at creating awareness for a culture of improving the environment. The event which held in the Federal Capital Territory, Abuja recently with the theme, “Join the Race, Better the […]
Facts have emerged on the recent closure of the premises of Ecobank in Ekiti by the State Government. According to a report by Marketing Space, an official of the state government revealed that the closure was as a result of the refusal of the bank’s management to submit all the documents relating to Withholding Tax […]
The Russian Ambassador to Nigeria, Mr Nikolay Udovichenko, said his country would support Nigeria in resuscitating the moribund Ajaokuta Steel Company to ensure rapid industrialisation of the country. Besides, he said that Russia was to assist Nigeria to overcome its current challenges in other sectors of the economy, especially oil and gas. Nikolay gave the […]
Africa’s communications giant MTN will soon listed on the Nigerian Stock Exchange (NSE) as part of a settlement with the Nigerian Communications Commission (NCC), which fined it a massive $5.2bn in October last year, for missing the deadline to disconnect 5.1m unregistered subscribers. The fine was later reduced to $3.9bn but MTN will only pay […]
The much anticipated Mercedes-Benz GLA has berth in Nigeria’s auto market. The new GLA falls under the new generation compact cars (NGCC). It is a premium sports utility vehicle from Mercedes-Benz and its progressive, sporty character and agile handling differentiate it significantly from the competition. The expressive design and the high everyday practicality as well […]
The European Union has extended its ban on importation of dried beans from Nigeria by three years. Dr Vincent Isegbe, the Coordinating Director, Nigeria Agricultural Quarantine Service (NAQS) disclosed this Thursday in an interview with the News Agency of Nigeria (NAN). NAN recalls that EU banned importation of Nigeria’s dried beans in June 2015 on […]