Federal Government has offered employment to 350 Niger Delta region ex-militants, who graduated from various tertiary institutions across the world. The Coordinator, Presidential Amnesty Programme (PAP), retired Brig.-Gen. Paul Boroh, told State House correspondents in Abuja on Friday. Boroh, who is the Special Adviser to the President on Niger Delta, said the affected ex-agitators had […]
Nigeria’s central bank said on Friday it had injected $355.43 million into the inter-bank foreign exchange market, as part of its efforts to boost liquidity and alleviate dollar shortages. The bank said in a statement the money was released to “meet requests in the agricultural, airlines, petroleum products and raw materials and machinery sectors”. Nigeria, […]
Nigeria’s immigration service has launched an investigation after two of its staff members were arrested on suspicion of trying to traffic girls out of the country, it said on Friday. Thousands of girls are each year taken illegally out of Africa’s most populous country, where 70 percent of the 190 million inhabitants live on less […]
Equities market closed today on a positive note, as NSEASI appreciated by +0.18% to close at 43,167.87 basis points as against +0.33% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +12.88%. Market Breadth Market breadth closed positive as LASACO led 32 Gainers as against 27 Losers topped by FTNCOCOA at the end of […]
By Foster Obi Following economic recession that almost erased demand for housing loans in Nigeria, Africa’s most-populous country, the state financed mortgage guarantor, Nigeria Mortgage Refinance Co(NMRC) is anticipating that a return to growth will help double its asset base and create a robust platform for mortgage financing. Set up four years ago to copy […]
There are indications that a glut in Nigeria’s oil supply to the international market loom as plenty supply of light and medium grades from the North Sea and the Mediterranean continues to limit buying interest for Nigerian crude. The Nigerian cargoes, reckoned to be near 50 cargoes, was said to be weighing on the market, […]
The federal government has approved $6.7bn for the construction of Ibadan-Kaduna standard gauge railway. Rotimi Amaechi, minister of transportation, said the project was part of the Ibadan to Kano railway project. He made this known on Wednesday after the federal executive council (FEC) meeting. Amaechi said the government also awarded a spur linking Ado-Ekiti with […]
Forbes magazine said on Thursday it was excluding all Saudi Arabian tycoons from its annual list of the world’s richest people after dozens of top businessmen from the oil-rich kingdom were detained in a crackdown on corruption last year. Most detainees were released after reaching settlements with the authorities, who say they arranged to seize […]
Staff of Nokia Solutions Networks Ltd in Nigeria Thursday started a three-day warning strike to protest anti-labour practices by the management of the company. The workers said they embarked on the strike as members of the Private Telecommunications and Communications Senior Staff Association of Nigeria. The General Secretary of the association, Mr Okonu Abdullahi, said […]
BlackBerry is suing Facebook for copyright infringement, claiming the social media giant uses technology invented by the former smartphone maker in Facebook’s massively popular messaging applications. Apps like Facebook, Instagram and WhatsApp use some messaging capabilities that were originally designed by BlackBerry, a spokeswoman for the company said in an email. “We have a strong […]