Nigeria Immigration Service (NIS) has commenced massive issuance of passports to intending travellers to clear the backlog of applications caused by non-availability of booklets. A source from the service told the News Agency of Nigeria (NAN) in Lagos that the NIS recently took delivery of new passport booklets which were distributed to all passport offices […]
The Central Bank of Nigeria (CBN) yesterday injected $457.3 million into various segments of the foreign exchange market, even as the naira remained stable at N385 per dollar in the parallel market. Meanwhile the CBN also disclosed that the Investors and Exporters (I&E) foreign exchange window has so far attracted $600 million from autonomous sources […]
The Lagos State Government Monday formally inaugurated the state-owned oil company, Ibile Oil and Gas Corporation (IOGC, as a business arm of the state in the oil and gas industry. Speaking at the formal inauguration of the company’s corporate head office in Lagos, the state Governor, Akinwunmi Ambode, said the initiative was another giant step […]
In spite of a lull in forex trading activities towards the end of last week, the Central Bank of Nigeria (CBN) has assured of its continued intervention in the inter-bank market. A reliable source at the CBN revealed that the bank was determined to ensure that the gains made by it in recent times, with […]
A High Court of the Federal Capital Territory (FCT), Abuja, has issued a garnishee order attaching the money belonging to the Nigerian police in the Central Bank of Nigeria (CBN) for the purpose of settlement of judgment debt incurred by the police in a judgment against the force. According to the order, the CBN is […]
Unilever Nigeria, where Unilever Overseas holds 60 per cent equity stake, will launch a rights issue to deleverage its balance sheet and increase working capital for the business. Expert say, if the rights is executed at the current market value of N33.25, the N63bn proposed capital raise equates to new 1.89 billion ordinary shares that […]
The Senate has begun investigation into activities of some banks for allegedly colluding with some International Oil Companies, IOCs, to defraud Nigeria. This is as over $62,909,716,417 was said to have been taken out of the country between August 2009 and December 2014 in suspicious circumstances. A document obtained, yesterday, showed that the affected banks […]
The National Information Development Agency (NITDA) said yesterday it had yet to receive the report of the attack on any of establishment in the country. A massive cyber-attack using tools believed to have been stolen from the US National Security Agency (NSA) has struck organisations around the world. Cyber-security firm Avast said it had seen […]
The US laptop ban prohibiting travellers from certain Middle East countries from bringing laptops and other electronic devices on flights to the US as carry-on luggage is “likely” to be extended to include some countries in Europe, according to media reports citing government officials. News agency Reuters is reporting that six US and European officials […]
Latest report by by Teksight edge Limited, TSE, a Lagos-based PR agency has captured first quarter 2017 share of voice, SoV, for global smartphone brands as the battle for media dominance and ultimately top of mind awareness, TOMA, intensify among global handsets manufacturers. While big brands battle for local market leadership, Techno Mobile has continued […]