The Lagos State Government at the weekend charged investors in the Lekki Free Trade Zone (LFTZ) corridor to step up their Corporate Social Responsibilities (CSR), to the host communities as that is one of the ways to secure the multi-billion dollars investment in the corridor. The Government said the administration of Governor Akinwunmi Ambode was […]
Despite last week’s raid and arrest of some licensed currency dealers who were said to be selling foreign exchange (FX) above the prescribed limit, the naira appreciated on both the interbank and parallel segments of the market. Precisely, on the interbank FX market, the spot rate of the naira climbed N1.45 to close at N304.75 […]
The mining of solid minerals including Diamond, Gold, Bitumen and Barite in Adamawa by a Swiss firm is to commence in December. The state Commissioner for Solid Mineral Resources, Ms Shanti Shashi, made this known Saturday in Yola at the 4th Adamawa Community Dialogue organised by an NGO, the Adamawa Community Advancement Initiative (ACAI). Shashi […]
The Central Bank of Nigeria says it is developing a Consumer Protection Framework (CPF) for banks and other financial institutions to boost financial inclusion. U. A. Dutse, Director, Consumer Protection Department at CBN says the planned CPF is also expected to build public confidence in the Nigerian financial system by guaranteeing high standards for efficient […]
The Managing Director/Chief Executive of Fidelity Bank Plc., Mr. Nnamdi Okonkwo, has commended the Board and Members of the Lagos Chamber of Commerce and Industry (LCCI) for the successful Trade Fairs they have been organising since 1986. He also explained the factors responsible for the success story of Fidelity Bank. Okonkwo spoke on Thursday at […]
The Federal government of Nigeria says it is facilitating the procurement of additional 40 large-scale rice mills to achieve self-sufficiency in rice production by 2018. Chief Audu Ogbeh, Minister of Agriculture and Rural Development, disclosed this in Abuja on Thursday at a workshop themed: ‘Big Boost for Agro Diversification and Export.’ Ogbeh said that the […]
Guinness Nigeria Plc., has revved up its commitment to driving responsible drinking behaviour among Nigerian consumers by partnering with the National Youth Service Corps, NYSC, to deliver its innovative and trailblazing DRINKiQ training sessions to officials and corps members in a bid to take the responsible drinking message to every nook and cranny of the […]
By Amechi Obiakpu Five youths are now cooling their heels in prison custody for their roles in the vandalisation of Enugu Electricity Distribution Company (EEDC) ‘High Street’ 500KVA 11/0.415KV distribution sub-station situated in Okpara Avenue in Enugu. They are Emeka Okoye (21 years), Victor Agu (25 years), Ikem Okefi (25 years), Chinedu Agwara (21 years) […]
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has advised the Federal Government not succumb to pressure from some groups to increase the pump price of petrol. Alhaji Tokunbo Korodo, the South-West Chairman of the union, gave the advice in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. […]
Asian stocks have tumbled after results from the US presidential polls suggested a victory for Donald Trump looked increasingly likely. All major markets in the region are now lower, with money flowing into safe haven stocks, gold and currencies including the yen. Meanwhile the Mexican Peso has hit an all-time low against the dollar. As […]