President Muhammadu Buhari and Minister of science and Technology, Dr. Ogbonnaya Onu, are among high profile guests expected to grace the 28th Enugu International Trade Fair. The President of Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA), Rev. Ugochukwu Chime, made this known in Enugu on Tuesday. Chime said that the fair would hold […]
Month: February 2017
Lufthansa, others to boycott Kaduna Airport during closure of Abuja Airport
For logistical reasons, British Airways on Monday said it would not operate to Kaduna Airport. It cited facilities and logistics as reasons for the decision of the airline’s management. The carrier would now operate its Abuja flight to Lagos, making it twice daily. It, however, assured that the carrier would immediately resume operations after the […]
FG to provide incentives for investors in critical sectors
The Federal Government will provide incentives and the necessary logistics support to investors whose areas of interest are in the development of the agriculture and energy sectors as well as industrialisation. These are also the major execution priority areas of the Economy Recovery and Growth Plan (ERGP) being developed by Government to get the country’s […]
Free floating of Naira will hurt ordinary Nigerians, says CBN
Mayowa Okekale, Abuja The Acting Director, Corporate Communication of the Central Bank of Nigeria (CBN), Mr. Isaac Okorafor, has affirmed that there is all certainty that the free floating of the Naira will hurt ordinary Nigerians. He stated this on Tuesday while speaking on the monetary policy decisions of the CBN on a programme, IN […]
‘Massive corruption’ alleged in NDDC
Destiny Ugorji The Niger Delta Youth Movement (NDYM) has alleged that there is massive corruption in the running of the Niger Delta Development Commission (NDDC), even as it threatened to expose the details in the coming weeks. NDYM, the umbrella youth organisation in the Niger Delta region, made the allegation in a communique issued at […]
Cargo ship attacked off Nigerian coast, crew taken hostage
A crew of seven Russians and a Ukrainian have been taken hostage off the coast of Nigeria after their ship was attacked, diplomats in Moscow and Kiev said Wednesday. “According to the information of the Russian embassy in Abuja, there has been an armed attack on the cargo ship BBC Caribbean which belongs to German […]
Minister begins tour of Nigeria’s tourist sites
The Minister of Information and Culture, Alhaji Lai Mohammed, kicked-started a tour of tourist sites in the country with a visit to the spectacular Owu Waterfall in Kwara State on Sunday. The Minister was accompanied by representatives of the local community in which the Waterfall is located, officials of the Kwara State Ministry of Culture […]
CBN to sanction banks for Content Dev. Fund infractions
The Central Bank of Nigeria (CBN) said on Monday that it would sanction Money Deposit Banks (MDBs) still collecting payments under the Nigerian Content Development Fund without remitting same to dedicated account opened for the fund at the apex bank. The Governor of the CBN, Mr Godwin Emefiele, issued the threat in Lagos on Monday […]
Lagos targets $30bn for capital projects •Inaugurates Economic Advisory Committee
Lagos State Governor, Mr. Akinwunmi Ambode, on Monday said that the state would require at least $30 billion dollars to adequately deliver 30 most impactful infrastructural projects over the next five years. The Governor, who spoke shortly before inaugurating a 12-member Economic Advisory Committee at the Lagos House, Ikeja, said the projected figure represents about […]
NLC, TUC set for mass action
The organised labour says it has concluded plans to commence a series of mass actions against those states that are owing workers’ salaries, pensions and gratuities in the country. The President of the Nigerian Labour Congress (NLC), Mr Ayuba Wabba, stated this at a news conference in Abuja on Monday. Wabba said that the mass […]