Some financial experts on Sunday called on the Central Bank of Nigeria (CBN) to ensure continuous liquidity in the foreign exchange market to sustained the bullish trend on the Nigerian Stock Exchange (NSE). They told the News Agency of Nigeria (NAN) in separate interviews in Lagos that the current rally on the stock market could […]
The Standards Organisation of Nigeria (SON) said it would continue to intensify the fight against “cutting corners” by local manufacturers in quality assurance of products sent into the market. The Director General of SON, Osita Aboloma, gave the warning at the launching of Standards Club in Primary and Secondary Schools in Osogbo, the Osun State […]
The Federal Government on Friday released details of what each state got from the first tranche of Paris Club refunds, showing Rivers State as the biggest beneficiary. It got N34.9 billion. Delta followed with N27.6b, Akwa Ibom got N25.98 billion and Bayelsa N24.89b. Cross River and Edo states got about N12.1 billion each. The refund […]
About 340 megawatts of electricity would be added to the national grid in or before December from Afam power station, according to Mr Babatunde Fashola, the Minister of Power, Works and Housing. Fashola said this during his visit to Afam Plant in Oyibo local government area of Rivers as part of Federal Government Power Sector […]
The Nigerian Senate has passed the Federal Competition and Consumer Protection Bill, 2017 (SB. 257) after it was read for the third time. The development was sequel to the adoption of a Report of the Senate Committee on Trade and Investment on Federal Competition and Consumer Protection Bill, as laid on the floor of the […]
Nigeria’s total value of merchandise trade stood at N5,292.4 billion at the end of Q1, 2017, representing a slight increase of 0.1 per cent over N5,286.6 billion recorded in the preceding quarter. The National Bureau of Statistics (NBS), which released its data, Tuesday in Abuja, explained that the marginal rise in exports, coupled with a […]
The Nigerian Senate has resolved to invite the Minister of Power, Works and Housing to brief its Committee on Works on the circumstances surrounding the Federal Government’s inability to partner with the NLNG management to complete the Bodo/Bonny road project or any other issue that had stood against the completion of the project. This followed […]
The Federal Ministry of Finance has confirmed release of N375.8 million to the first batch of 20 providers of information under the Whistleblower Policy. The payment, of various amounts totaling N375,875,000, relate to the recovery of N11,635,000,000 . The Minister for Finance, Mrs. Kemi Adeosun, said in a statement issued on Wednesday in Abuja: “This […]
The Senate on Tuesday passed a resolution, requesting the Nigerian Communications Commission (NCC) to sanction GSM service providers over incessant dropped calls and poor services being provided. The resolution was sequel to a motion sponsored by Senator Andy Uba (APC, Anambra) on the unwholesome practices of telecommunications Network operators in the country. The Senate asked […]
International Breweries Plc plans to combine its business with Intafact Beverages Limited and Pabod Breweries Limited. The three companies have Anheuser-Busch Inbev SA as a common shareholder. In a notification to the Nigerian Stock Exchange (NSE), IB Plc said that the three companies have agreed to explore combination of their businesses via a scheme of […]