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Latest News REVEALED: Identity of persecuted Nigerian Christian hosted in White House by US President Trump (PLUS PHOTO) Why most state governors have refused to form cabinets — Intersociety *Hits Speaker Gbajabiamila for appointing 33 aides Funke Olakunrin: We can no longer allow our people to be killed like chickens — Gani Adams Kidnapped 5-year-old Bayelsa girl still held in captivity after payment of N1m ransom Adegboruwa sends SOS to Sanwo-Olu over Ikoyi Cancer Treatment Center Nigerian Prof. dismissed by Ghana varsity opens up Man who married two sisters commits suicide over adultery Call your violent members to order, CAN tells Miyetti-Allah Immigration officer, 14 others in EFCC net for alleged passport racketeering Abia Poly begins online publication of results El-Rufai appoints new Accountant-General, DG KADGIS Anambra CJ acquits three inmates, grants 10 bail

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (509,642 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (431,429 views) Shameless Genevieve Nnaji exposes breasts in public (373,356 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (316,674 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (282,377 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (247,148 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (239,155 views) 10 cars more expensive than Jets (223,496 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (221,150 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (208,694 views) Lagos plane crash: Journalist releases victims’ names (188,296 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (186,933 views)

 

AfDB team meets Fayemi in Ekiti, considers state’s request for support

AfDB team meets Fayemi in Ekiti, considers state’s request for support The African Development Bank (AfDB)’s team of technical experts  on Thursday met with Ekiti State Governor, Dr Kayode Fayemi, and his team in Ado-Ekiti in furtherance of ongoing talks between the Bank and the state government on support for the upgrade of its infrastructure. The meeting which took place at the Governor’s...... more

JTB targets 45m taxpayers by Q3 2019 — Fowler

JTB targets 45m taxpayers by Q3 2019 — Fowler The Federal Inland Revenue Service (FIRS) has said it is targeting getting 45 million Nigerians into the tax net before the end of third quarter 2019. Mr. Tunde Fowler, Executive Chairman FIRS/Chairman Joint Tax Board (JTB) gave the target at the Go-Live ceremony for the new National Tin Registration System in...... more

CBN intervenes in Forex market with $210 million

CBN intervenes in Forex market with $210 million The interbank segment of the Foreign Exchange Market has received a fresh boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, July 16, 2019. Figures obtained from the CBN indicated that authorised dealers in the wholesale segment of the market were again offered the...... more

Total, NNPC inaugurate N1bn projects in 8 states

Total, NNPC inaugurate N1bn projects in 8 states Total Upstream Limited, in partnership with Nigerian National Petroleum Corporation (NNPC) and three other oil firms, on Tuesday, inaugurated 10 projects worth one billion Naira in eight Northern states of Nigeria. At the ceremony in Abuja, Dr. Ahmadu-Kida Musa, Deputy Managing Director, Deepwaters, Total Upstream Companies in Nigeria, said that the...... more

NNPC awards oil-for-fuel swap deals — Sources

NNPC awards oil-for-fuel swap deals — Sources Nigerian state oil firm, Nigerian National Petroleum Corporation (NNPC), issued award letters, on Monday, for highly sought-after contracts to exchange crude oil for imported fuel, oil industry sources told Reuters. A total of 15 groupings, with at least 34 companies in total, received award letters, four sources with knowledge of the...... more

CBN boosts Forex market with $298.71m, CNY39.69m

CBN boosts Forex market with $298.71m, CNY39.69m The Central Bank of Nigeria (CBN) has made another intervention in the retail Secondary Market Intervention Sales (SMIS) to the tune of $2698.71 million in addition to CNY 39.69 million in the spot and short tenured forwards segment of the inter-bank foreign market. The Director, Corporate Communications Department at the Bank,...... more

Textile industries have potential to create 2m jobs — Emefiele

Textile industries have potential to create 2m jobs — Emefiele The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says the Nigerian Cotton, Textile and Garment (CTG) sector holds huge potentials to create more than two million jobs and reduce 4.0 billion dollars import bill incurred annually on textile. Emefiele said this at the meeting with the Service...... more

Buhari gives Nigerian Security Printing Company sole right to produce e-Passport

Buhari gives Nigerian Security Printing Company sole right to produce e-Passport   The Presidency, on Thursday, said that President Muhammadu Buhari had directed that the production and personalisation of all Nigerian E-passports and related documentation shall be the sole responsibility of the Nigerian Security Printing and Minting Company (NSPMC). A statement issued by Femi Adesina, Special Adviser to the President (Media and...... more

NSE: Investors lose N265bn

NSE: Investors lose N265bn   The Nigerian equities market dipped further, on Thursday, with the market capitalisation losing N265 billion within seven hours of trading due to price loses by blue chips. Specifically, the market capitalisation closed lower at N13.993 trillion having lost N265 billion or 1.86 per cent from the N14.258 trillion achieved on...... more

TCN receives $I.6bn from multilateral donors to boost power Supply

TCN receives $I.6bn from multilateral donors to boost power Supply The Transmission Company of Nigeria (TCN) says it has received 1.661 billion dollars from multi-lateral donors to boost power supply in the country. Mr Usman Mohammed, the Managing Director of TCN, made this known at the organisation’s quarterly news conference in Abuja on Thursday. Mohammed said that TCN had raised significant...... more

Lagos State revenue tops entire South-East in 2018

Lagos State revenue tops entire South-East in 2018 Quarterly review document of the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the total revenue received by the Lagos State government in 2018 was higher than what was received by the entire south-east region. The South-East region consists of five states namely: Abia, Anambra, Ebonyi, Enugu and Imo. The...... more

Trade associations lament plight of Informal Sector, suggest remedies

Trade associations lament plight of Informal Sector, suggest remedies Speakers at the second edition of the Conference of Nigeria Trade Associations (CONITA) 2019 have enumerated challenges faced by the informal sector to include poor infrastructural facilities, lack of patronage from the government, local government harassment and poor economy, amongst others The co-host of the discussion, Mr. Nelson Obine, noted that...... more

Anchor borrower: Bank expresses worry over farmers’ attitude to loan repayment

Anchor borrower: Bank expresses worry over farmers’ attitude to loan repayment Zenith Bank has expressed dissatisfaction over farmers’ attitude toward repayment of loans obtained through the Anchor Borrower Scheme. Mr Oluwaseun Arigbade, the Regional Agric Finance Officer, Zenith Bank, said this at a programme tagged: “agricultural training for banking professionals of finance service providers” on Tuesday in Abuja. The programme was organised...... more

Afreximbank announces $1 billion Adjustment Facility for AfCFTA

Afreximbank announces $1 billion Adjustment Facility for AfCFTA The African Export-Import Bank (Afreximbank) says it is providing one billion Dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA). In a statement by Afreximbank’s spokesman, Mr. Obi Emekekwue, the bank’s president said this to the African Heads of States...... more

I’ll revive four refineries by 2023, says Kyari

I’ll revive four refineries by 2023, says Kyari The new Group Managing Director Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, on Monday took over the mantle of leadership, vowing to repair the four national refineries before the end of President Muhammadu Buhari administration in 2023. He also pledged to work towards the delivery of the Dangote Refinery by...... more

NSE expels 38 stockbroking firms

NSE expels 38 stockbroking firms The Nigerian Stock Exchange (NSE) has expelled 38 stockbroking firms from the capital market. Regulatory documents obtained by The Nation at the weekend indicated that the stockbroking firms were expelled in two batches within the past six months. The latest expulsion brought the number of stockbroking firms expelled over the past...... more

Air Peace now national carrier on Lagos-Dubai route - Envoy

Air Peace now national carrier on Lagos-Dubai route - Envoy Nigeria’s Bilateral Air Services Agreement (BASA) with the United Arab Emirates (UAE) recognises Air Peace as Nigeria’s flag carrier on the lucrative Lagos-Dubai air route, a Nigerian envoy has announced in Dubai on Sunday. “Air Peace is now recognised as a national carrier, based on the BASA and whatever the airline...... more

SEC approves Airtel Africa’s listing on NSE

SEC approves Airtel Africa’s listing on NSE The Securities and Exchange Commission (SEC) has finally approved the planned secondary listing of Airtel Africa Plc on the Nigerian Stock Exchange (NSE). A source close to the transaction told the News Agency of Nigeria (NAN) in Lagos that the commission granted the approval on Friday, July 5. The source said...... more

NSE postpones Airtel Africa listing

NSE postpones Airtel Africa listing The Nigerian Stock Exchange (NSE) on Friday postponed the planned cross border secondary listing of 3,758,151,504 ordinary shares of Airtel Africa. The Exchange, in a mail, said that the postponement was necessitated by the need to ensure that the company met all the post NSE approval pre-requisites for listing on NSE....... more

Fidelity Bank partners PwC on SME funding

Fidelity Bank partners PwC on SME funding Fidelity Bank Plc is collaborating with PricewaterhouseCoopers (PwC) to provide funding for Small and Medium Enterprises (SMEs) operating in Nigeria. Mr Nnamdi Okonkwo, Managing Director, Fidelity Bank, said in Lagos on Wednesday that the bank came up with the initiative tagged, ‘SME Funding Connect,’ to deepen funding, which remained the biggest...... more

Buhari set to sign Africa Free Trade agreement

Buhari set to sign Africa Free Trade agreement President Muhammadu Buhari has approved the recommendations of the Presidential Committee on the Impact and Readiness Assessment of the African Continental Free Trade Area (AfCFTA) agreement. By this, he will be signing the Phase one of the agreement in the course of his attendance at the Mid-Year Coordination Meeting of the...... more

Nigeria, Saudi Arabia, others sign new OPEC Charter

Nigeria, Saudi Arabia, others sign new OPEC Charter The Organisation of the Petroleum Exporting Countries (OPEC) and the non-member countries of the organisation (OPEC+), on Tuesday, signed a draft `Charter of Cooperation’ in a bid to further strengthen their partnership. The charter now replaces the `Declaration of Cooperation’, which was reached in Dec. 2016 between the two groups. Speaking...... more

New tax ID: FG directs CBN, others to synergise with JTB

New tax ID: FG directs CBN, others to synergise with JTB The Federal Government has directed the Central Bank of Nigeria (CBN), Nigeria InterBank Settlement System (NIBBS), the National Identity Management Commission (NIMC), to cooperate with the Joint Tax Board (JTB) in the release of relevant individual records. Vice-President Yemi Osinbajo stated this while inaugurating the New National Tax Identification Number (TIN)...... more

CBN injects $242.04m, CNY 32.3m into Forex market

CBN injects $242.04m, CNY 32.3m into Forex market In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN), on Friday, injected the sum of $242.04 million into the retail Secondary Market Intervention Sales (SMIS) and CNY 32.3 million in the spot and short tenored forwards segment of the inter-bank foreign market. The...... more

NAFDAC registers 601 MSME products in South-East

NAFDAC registers 601 MSME products in South-East No fewer than 601 Medium, Small and Micro Enterprises (MSMEs) have been registered by National Agency for Food and Drug Administration and Control (NAFDAC) in South-East Nigeria. Mr Venatus Ihekire, NAFDAC’s Assistant Director, Food Safety and Applied Nutrition, said this on Thursday in Enugu while delivering a lecture titled: “MSME Registration...... more

Cashless policy: CBN to reduce Naira notes in circulation

Cashless policy: CBN to reduce Naira notes in circulation The Central Bank of Nigeria (CBN), on Thursday, said it would soon reduce much of the currency in circulation in order to make government’s cashless policy more effective. Speaking at a two-day CBN fair themed: “Promoting Financial Stability and Economic Development,” the branch controller of CBN in Cross River State, Chuks...... more

MTN Nigeria shares drop to 5-week low as $2bln tax case adjourned to October

MTN Nigeria shares drop to 5-week low as $2bln tax case adjourned to October Shares in MTN Nigeria dropped on Thursday to their lowest level since the telecom company listed five weeks ago, after a court case about its $2 billion tax dispute with the government was adjourned until October 2019. Analysts said the court adjournment created uncertainty for investors as the tax dispute would...... more

Google in Aba to equip manufacturers

Google in Aba to equip manufacturers Google Nigeria on Wednesday announced the launch of the Google Digital Skills for Africa programme in Aba and other local communities in Abia State. The Head, Brand and Reputation, Sub-Saharan Africa at Google, Mrs Mojolaoluwa Aderemi-Makinde, made this known at the unveiling of the digital skills in Aba. According to her,...... more

Forex: CBN boosts market with $210 million

Forex: CBN boosts market with $210 million The Central Bank of Nigeria (CBN) has injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Tuesday indicate that authorised dealers in the wholesale segment of the market were offered the sum of $100 million, while the Small and Medium Enterprises (SMEs)...... more

Konga crashes price to celebrate 7th anniversary

Konga crashes price to celebrate 7th anniversary Nigeria’s composite e-commerce giant, Konga is 7. To celebrate the seventh anniversary of its groundbreaking strides in the Nigerian e-commerce sector, the company has flagged-off a mouth-watering discount sale. The promotion will cover a wide range of products ranging from electronics, mobile phones, tablets, fashion, wine/spirits, home appliances, computers/accessories, Fast Moving...... more

 

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