Katsina state government is to revive all the moribund industries in the state to boost revenue and provide employment opportunities to its teeming youths, Governor Masari has said. The governor listed the industries to include; the Kankara Kaolin Factory, Daura Leather works, Mani Flour mills, Funtua Burnt Bricks, Danja Sugar factory and other various fertiliser-blending […]
Business
Enelamah elected Vice Chairperson, Africa, WTO Ministerial Conference
Nigeria’s Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah has been elected the Vice-Chairperson representing Africa for the 11th World Trade Organisation (WTO) Ministerial Conference Nigeria’s election was decided at the meeting of the WTO General Council on July 26. The General Council acts on behalf of the Ministerial Conference on all WTO affairs. […]
Forex: CBN opens week with $195m intervention
The Central Bank of Nigeria (CBN) on Monday offered $100 million in wholesale auction at the inter-bank foreign exchange market and intervened in the Small and Medium Enterprises (SMEs) and invisible segments, with the sum of $50 million and $45 million respectively. Confirming the figures, CBN Acting Director of Corporate Communications, Isaac Okorafor reiterated that […]
GTBank celebrates 10th anniversary at London Exchange
Guaranty Trust Bank plc, is celebrating the 10th anniversary of its listing on the London Stock Exchange (LSE). It is the first Nigerian bank to be so listed. It is also the first to dual list on an international exchange and the first Nigerian company to raise international capital using listed Global Depositary Receipts. To […]
How we will handle N2.5tr budget deficit – FG
The Federal Government has allayed fears and concerns raised by the Central Bank of Nigeria (CBN), that the nation’s economy may relapse into another recession, citing the N2.5 trillion budget deficit recorded by the government in six months and other factors as major threats to a economic recovery. CBN Governor, Godwin Emefiele, in his post-MPC […]
Ilori succeeds Thomas as NIA DG
The Nigeria Insurers Association (NIA) has announced the appointment of Mrs. Yetunde Ilori as the new Director General of the association. Also in the same vein, the Managing Director/CEO of NEM Insurance Plc, Mr. Tope Smart, was elected Deputy Chairman of the association. Ilori takes over from Mr. Sunday Thomas who was recently appointed the […]
PENGASSAN gives oil firms 21-day ultimatum
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has given a 21-day ultimatum to some oil and gas employers over anti-labour practices. Mr Fortune Obi, PENGASSAN’s Public Relation Officer (PRO) said this in a statement issued in Lagos on Sunday. Obi said that PENGASSAN would shut down activities of the companies nationwide […]
NAICOM advocates reinvention of insurance professional body
Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission, NAICOM, Mohammed Kari, has called on the leadership of the Chartered Insurance Institute of Nigeria (CIIN) to reinvent the professional body and update its curriculum so as to adopt contemporary best practices for the overall benefit of the profession. Kari who stated this […]
Customs deactivates tax numbers of fraudsters
The Tax Identification Numbers (TIN) of all fraudulent bidders detected in the ongoing e-auction of the Nigeria Customs Service (NCS) have been deactivated on the orders of the Comptroller-General, Hameed Ali. Customs Spokesman, Joseph Attah who made the disclosure in Abuja yesterday said the option for second highest bidder to win when the highest winner […]
FG says no going back on Made-in-Nigeria programmes, says FG
The Minister of Information and Culture, Alhaji Lai Mohammed has said the Federal Government would not be stampeded into abandoning its ongoing efforts to amend the Nigeria Broadcasting Code to ensure the production in Nigeria of ‘Nigerian content or local content’ programmes. The Minister stated this in Abuja on Friday when he received a delegation […]