By Mayowa Okekale, Abuja The Senate has expressed surprise at a recommendation by the Nigerian Law Reform Commission for a review of the Nigerian Foreign Exchange Act in order to empower the Central Bank of Nigeria (CBN) to jail people for up to two years or fine them for 20 percent of the amount of […]
Author: Isaac Umunna
Benue reduces rice production deficit by 1.5m metric tons
The Benue state government says it is contributing 1.5 million metric tons of rice, to reduce the national rice consumption deficit of 4.3 million metric tons. This is an indication that the partnership with the International Fund for Agriculture Development is yielding great value. Governor Samuel Ortom disclosed this to journalists in Guma local council, […]
SERAs 2016: MultiChoice wins Most Improved Company Award
MultiChoice has been awarded the ‘Most Improved Company’ at the just concluded Sustainability, Enterprise and Responsibility Awards (SERAs) for Corporate Social Responsibility (CSR) in Lagos. This is in recognition of the company’s unwavering support and commitment to the growth of entrepreneurial enterprise, experiential quality education, entrenching quality standards in the film and media industries as […]
Elumelu to African youth: Your time for leadership is now •Advocates entrepreneurship as career choice
African business leader and philanthropist, Mr. Tony O. Elumelu, stated that the time for leadership amongst Nigerian and African youth is now. Elumelu, who addressed the students of the Lagos State University, faculty members and officials of the Lagos State Government, whilst delivering the institution’s 1st Distinguished Lecture Series in Ojo, Lagos, spoke on the […]
Christmas: Marketers promise uninterrupted supply of petrol
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday said it would ensure steady supply of petroleum products to Nigerians during the yuletide. Its National President, Mr Chinedu Okoronkwo, gave the assurance while speaking with newsmen on the sideline of the executive meeting of the association in Aba. “We have chosen the path of […]
Nigerians urged to shun fake auction advertisement
The Nigeria Customs Service (NCS) has warned members of the public against falling to the antics of fraudsters who post fake auction advertisements purportedly by the service in the social media. Mr Godwin Andishu, Public Relations Officer, Tin Can Island Port 2 Customs Command, Ijora, gave the warning in an interview with the News Agency […]
Samsung to acquire Harman for $8 billion
Samsung Electronics has agreed to buy auto tech company, Harman International Industries in an $8 billion deal, marking a major push into the auto electronics market and the biggest overseas acquisition ever by a South Korean company. The transaction according to a Reuters report highlights Samsung’s efforts to break into the high-barrier automotive industry where […]
Lagos tasks investors on community engagement to secure investments in Lekki Free Trade Zone
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 […]
Forex: Naira appreciates after DSS raid
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 […]
Swiss firm is to commence diamond mining in Adamawa
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 […]