The Federal Government has approved $186million to combat piracy on Nigerian waters and N100 million to dredge River Niger. The Minister of Transportation, Mr Rotimi Amaechi, disclosed at a one-day National Conference on Fast-Tracking Port Reforms with the theme “Making Nigerian Seaports World Class’’, in Lagos on Thursday. The conference was organised by The Nation […]
The National Assembly has reportedly increase its 2017 budget in this year’s Appropriation Bill to N150 billion from the initial proposal of N120 billion. This is just as the Appropriation Committees of the Senate and House of Representatives would Thursday lay the 2017 budget ahead of its consideration next week. THISDAY reported that the 2017 […]
The foreign and domestic debts of the 36 states of Nigeria and the Federal Capital Territory (FCT) amounted to N4.08 trillion as at the end of 2016. The Nigerian Domestic and Foreign Debt 2016 Report released on Wednesday by the National Bureau of Statistics (NBS) showed that the States and FCT’s foreign debt was N1.12 […]
Ecobank plans to close branches and cut jobs as the Pan-African lender steps up investments in digital platforms, its chief executive said on Wednesday. Speaking to Reuters on the sidelines of the World Economic Forum for Africa in Durban, Chief Executive Officer Ade Ayeyemi said the bank’s plans to expand its mobile platforms would help […]
The Management of Zinox Technologies Ltd. has given a seven-day deadline to the publishers of Premium Times, an Abuja-based online daily, to retract what it described as a series of defamatory publications against the company and its officials or face legal action. The publications, Zinox said, consistently accused the company of having cheated the Federal […]
The President of African Development Bank (AfDB), Dr Akinwumi Adesina, has said that the continent needs 35 billion dollars to close its power deficit. A statement issued in Abuja on Wednesday by Jennifer Patterson, AfDB Acting Director, Communications and External Relations, said Adesina made the remark at the Centre for Global Development in Washington. Adesina […]
The EY.com, a global leader in assurance, tax, transaction and advisory services, says Egypt, Kenya, Morocco, Nigeria and South Africa are the key hub economies in Africa. Its latest Africa Attractiveness report by Ms Fathima Naidoo, Africa Media Relations, said that the five countries collectively attracted 58 per cent of the continent’s total Foreign Direct […]
Yes Mobile, a cosmopolitan high-value retail outfit with a multiplicity of stores in Lagos has been taken over by pioneer composite e-commerce company, Yudala in what industry watchers consider a strategic duplex acquisition. A senior Management staff of Yes Mobile, Onoidem Idiong described the Yudala take-over as a stylish but very detailed way of modern […]
The Asset Management Company of Nigeria (AMCON) has injected N1.5 billion in Arik Airline Ltd to safeguard its operations since its takeover. Capt. Roy Ilegbodu, Arik Air Chief Executive Officer, said this at a news conference in Lagos while highlighting the company’s operations since its takeover by AMCON. Ilegbodu said that the funds injected by […]
Nigeria Employers’ Consultative Association (NECA), has taken a swipe at the government for the turn of event at the 2017 National Workers Day Celebration in Abuja. Aggrieved Nigerian workers had barred government officials which included the leadership of the National Assembly and some Federal Ministers from delivering their prepared addresses at the rally allegedly due […]