The Federal Government on Saturday said it will unveil plans to make housing affordable for Nigerians as promised during the campaigns. The Minister of Power, Works and Housing, Mr Babatunde Fashola, will make the plan public at the Affordable Housing Summit 2016, by the ministry in partnership with German Development Cooperation. Briefing reporters on the […]
Trading on the Nigerian Stock Exchange (NSE), on Friday, ended on a negative note; halting a three-day rally due to profit taking and exit of Britain from European Union (EU). The News Agency of Nigeria (NAN), reports that the market capitalisation lost N145 billion or 1.36 per cent to close at N10.526 trillion against N10.671 […]
By Amechi Obiakpu Mercedes-Benz reported a remarkable increase in sales in the month of May 2016. The German auto said in a statement that unit sales increased by 12.9% amounting to 170,625 vehicles. It said that in January through May, 2016, 818,175 vehicles with the three-pointed star were delivered to customers (+12.3%), more than ever […]
Nigeria’s new foreign exchange market made a robust take-off yesterday, Monday, June 20, 2016, clearing all the backlog of $4bn pent-up demand for foreign exchange with the Naira exchanging at 280 to the US dollar. The Ag. Director Corporate Communications of the Bank, Mr. Isaac Okorafor, said last night that the CBN was happy that […]
LCCI, Brazil in talks over local manufacturing of agric equipment The Lagos Chamber of Commerce and Industry (LCCI) says it is in talks with the Brazilian Ambassador to Nigeria on how to develop local agricultural equipment in the state. Mr Adeola Elliot, Chairman, Agriculture Group, LCCI, made this known in an interview with the News […]
Shippers, under the aegis of Shippers’ Association Lagos State, on Friday advised the Federal Government to do a complete restructuring of the Nigerian Ports Authority (NPA). The President of the association, Mr Jonathan Nicol, gave the advice in an interview with the News Agency of Nigeria (NAN) in Lagos. The shipper said that NPA should […]
To diversify the local economy in the face of dwindling revenues from the Federation Account, the Bayelsa State Government on Thursday said it has concluded arrangements to commercialise some of its parastatals and agencies. The State Chief Economic Adviser, Mr. Duate Iyabi, said the resolution was reached at the 59th Executive Council meeting of the […]
The National Film and Video Censors Board (NFVCB) says it has commenced a nationwide clampdown on marketers who distribute unwholesome and uncensored films in Nigeria. This is contained in a statement made available to newsmen on Thursday by Mr Cornel Agim, the NFVCB Director of Operations in Abuja. The statement said the board had commenced […]
By Amechi Obiakpu The National Union of Banks, Insurance and other Financial Institutions Employees (NUBIFIE) has been asked to observe the rules and principles of Industrial Relations in Nigeria while seeking justice for their cause. The Nigeria Employers’ Consultative Association (NECA) made the statement against the backdrop of the planned picketing of select banks by […]
The Federal Government says it will grant a 90 billion Naira loan to the 36 states of the federation. The loan, according to the Federal Government, will cover a period of one year. However, the loan will be extended to the state governments after they meet 22 stringent conditions put together by the federal government […]