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Latest News Rerun Polls: Ganduje storms back to victory in Kano Ohanaeze, Arewa youths at war over 2023 presidency Kano rerun: Returning officers allegedly abscond with results sheets Alleged serial killer, 4 others arrested in Lagos No curfew in Kano: Police EFCC declares ex-NIA DG Ayo Oke, wife wanted HEDA seeks probe of suspicious land allocation to Ministers, presidential aides, others •List of the who-is-who suspects New minimum wage — Obiano issues matching orders to IGR agencies to raise N1.4b in revenue Supplementary Elections: We would have expected better management of the Polls — Atiku Imo Supplementary Election: PDP wins 4 out of 5 LGAs Lokpobiri to Dickson: I won’t come to your commission of inquiry NAUTH hands over 10 staff to police over N15m fraud

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (461,991 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (410,929 views) Shameless Genevieve Nnaji exposes breasts in public (347,064 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (297,733 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (262,033 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (236,760 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (222,957 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (204,690 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (193,060 views) 10 cars more expensive than Jets (178,449 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (177,120 views) Lagos plane crash: Journalist releases victims’ names (176,058 views)

 

Nigeria annually loses N4.4trn from absence of laws, policies’

Nigeria annually loses N4.4trn from absence of laws, policies’ The Civil Society Legislative Advocacy Centre (CISLAC) says Nigeria loses over four trillion Naira annually in the extractive industry due to lack of laws and policies. CISLAC Director of Legal, Mr Adesina Oke, disclosed this at a stakeholders’ meeting on Sunday in Lagos. The stakeholders’ meeting is a collaborative effort of...... more

US impressed with work done so far on Eko Petrochemical Refinery

US impressed with work done so far on Eko Petrochemical Refinery The U.S. Trade and Development Agency has commended the management of Eko Petrochemical and Refining Company Ltd. for the level of work done so far, assuring of  its continuous and total support. Mr Thomas Hardy, USTDA’s Acting Director gave the commendation during a project inspection of the 20,000 barrel per day...... more

UBA hinges future performance on cost efficiency, improved asset quality

UBA hinges future performance on cost efficiency, improved asset quality Pan African financial institution, United Bank for Africa (UBA) Plc has assured its local and international investors that it’s prudent focus on improved asset quality as well as the continuous adoption of strict cost efficient measures will help the bank achieve its objectives and priorities for the 2019 financial year and...... more

Power sector records new daily energy peak of 110,724.93mwh

Power sector records new daily energy peak of 110,724.93mwh The power sector recorded a new daily grid energy peak of 110,724.93MWH on  March, 20, Transmission Company of Nigeria(TCN) has said. Mrs Ndidi Mbah, TCN General Manager, Public Affairs in a statement in Abuja on Saturday said  the  new   figure recorded  was  an improvement on the previous maximum daily grid energy...... more

Africa’s cannabis industry could fetch $7bn a year by 2023 — Report

Africa’s cannabis industry could fetch $7bn a year by 2023 — Report Africa’s legal cannabis industry could generate more than $ 7.1bn a year by 2023 if more of the continent’s major markets open up and follow the trend of legalisation seen in the US, Canada and Europe, according to a new report released on Thursday. According to the report by Europe-based market...... more

CBN intervenes in Forex market with $268.60m, CNY39.09m

CBN intervenes in Forex market with $268.60m, CNY39.09m The Central Bank of Nigeria (CBN) on Friday made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the Foreign Exchange Market totaling $268.60 million and CNY39.09 million. Figures of the sales consummated on Friday, revealed that the sums were injected to meet requests of customers in the agricultural, airlines,...... more

FG debunks rumoured suspension of Trader Moni scheme

FG debunks rumoured suspension of Trader Moni scheme Nigeria government on Thursday said it has not suspended its social intervention programme, Trader Moni, contrary to some media reports. “Our attention has been drawn to false claims that have been making rounds on social media about the suspension of the programme. We outrightly discard such information,” Trader Moni said in...... more

CBN forecasts 3 pct GDP growth in 2019

CBN forecasts 3 pct GDP growth in 2019 Nigeria’s central bank expects the economy to pick up in 2019, forecasting a gross domestic product growth of 3 percent, up from 1.9 percent recorded last year, its governor Godwin Emefiele said on Thursday. Emefiele said the bank would maintain its tight monetary stance in 2019, and sees inflation at 11.31...... more

NAPTIN trains 600 TCN engineers for effective service delivery

NAPTIN trains 600 TCN engineers for effective service delivery The National Power Training Institute of Nigeria (NAPTIN) on Monday commenced the training of 600 engineers of the Transmission Company of Nigeria (TCN), under the joint collaboration between NAPTIN and TCN. The training of the TCN engineers is holding simultaneously in Lagos, Kaduna and Kainji Dam in Niger State. Mr Ahmed...... more

NSE announces full suspension of Diamond bank shares

NSE announces full suspension of Diamond bank shares The Nigerian Stock Exchange has placed a full Suspension on Trading in Diamond Bank Plc Shares having received the final approval of the central bank of nigeria and the securities & exchange commission to the proposed merger between Access Bank Plc and Diamond Bank Plc This also follows the approval of...... more

FG to auction N100bn bonds on March 27

 FG to auction N100bn bonds on March 27 The Federal Government will auction by subscription N100 billion worth of bonds on March 27, the Debt Management Office (DMO) says. The DMO said in a circular on its website on Tuesday in Abuja, that the five-year re-opening bonds of N40 billion to mature in April 2023 was offered at 12.75...... more

FIRS to Nigerians: Be ready for VAT increase

FIRS to Nigerians: Be ready for VAT increase The Federal Inland Revenue Service (FIRS), on Tuesday, urged Nigerians to brace for an increase in Value Added Tax (VAT) by between 35 and 50 per cent in 2019. This will raise the VAT from the current five per cent to between 6.75 and 7.25 per cent. The Chairman of FIRS,...... more

Oil and Gas trainers seek more in-country training to boost human capital development •Set to honour Gowon, Baru

Oil and Gas trainers seek more in-country training to boost human capital development  •Set to honour Gowon, Baru The Oil and Gas Trainers Association of Nigeria (OGTAN), in collaboration with Nigerian Content Development and Monitoring Board (NCDMB) has concluded arrangements to host its second annual international conference and exhibition. The Association during the conference with the theme, “Human Capital Development: as a Driver for National Transformation”, billed to take...... more

Afreximbank set to address access to finance for SMEs

Afreximbank set to address access to finance for SMEs The African Export-Import Bank (Afreximbank) says ‘factoring’, a form of financial transaction, is a viable and sustainable solution that will address access to finance for Africa’s  Small and Medium Enterprises (SMEs). Ms Kanayo Awani, Managing Director of the Intra-African Trade Initiative at Afreximbank, said this in a statement by Afreximbank’s Head of Media, ...... more

Zenith Bank declares N2.50 dividends

Zenith Bank declares N2.50 dividends Shareholders of Zenith Bank have approved the proposal of the board to pay final dividend of N2.50k per share as dividends for the 2018 financial year. The shareholders gave the approval at the 28th Annual General Meeting of the bank in Lagos. The directors proposed a final dividend of N2.50 per...... more

We’ll restore Nigeria’s glory in palm oil production — Emefiele

We’ll restore Nigeria’s glory in palm oil production — Emefiele Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Monday lamented that over $500 million was being spent annually by the country on importation of palm oil. He, however, assured the apex bank would put in place measures to reverse the trend and restore Nigeria’s glory in palm...... more

We've grown Anambra State GDP to N4 trillion in 5 years: Obiano

We've grown Anambra State GDP to N4 trillion in 5 years: Obiano Gov. Willie Obiano of Anambra, says the Gross Domestic Product (GDP) of the state increased from N3 trillion to N4.2 trillion in the last five years.  Obiano made this known in a message to mark the first year of his second tenure in office. He appreciated the people of Anambra for...... more

Shareholders laud Transcorp Hotels for impressive performance, approve 15k per share as dividend

Shareholders laud Transcorp Hotels for impressive performance, approve 15k per share as dividend The Shareholders of Africa’s leading hospitality brand, Transcorp Hotels Plc, have extolled the company for its impressive financial results for the year ended December 31, 2018. The congratulatory remarks were made at the company’s 5th Annual General Meeting, which took place at the Congress Hall of the iconic Transcorp Hilton, Abuja....... more

Gencos supply 4,197 MW electricity to national grid —Report

Gencos supply 4,197 MW electricity to national grid —Report Gas-fired and hydro electricity generating stations in Nigeria  released an average of 4,197 megawatts of electricity into the national grid on Saturday, a daily energy report has said. The report, which was compiled by the Advisory Power Team, Office of the Vice President, was made available to News Agency of Nigeria...... more

Rebound in oil investments ‘very minimal’ — OPEC Scribe Barkindo

Rebound in oil investments ‘very minimal’ — OPEC Scribe Barkindo The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said. Barkindo was talking to Reuters and an Azeri TV station Real on the sidelines of an OPEC and non-OPEC monitoring committee, which is...... more

France to invest in language study in Nigeria

France to invest in language study in Nigeria The French Embassy in Nigeria has pledged investment in sports and educational programmes to promote French language speaking in Nigeria. The French Ambassador to Nigeria, Amb. Jérôme Pasquier, made this known on Sunday in Abuja at the Abuja Schools Competition organised by the Institut Francais, to commemorate the International Francophone Week....... more

UBA earnings hit N494bn •Records N106.8bn profit

UBA earnings hit N494bn •Records N106.8bn profit Pan-African financial institution, United Bank for Africa Plc, has announced its Audited 2018 Financial Results with impressive growths achieved across major financial lines. According to the 2018 financials filed at the Nigerian Stock Exchange on Tuesday, the Africa’s global bank’s gross earnings grew by 7.0 percent to N494.0 billion, compared to...... more

Access Bank declares N95bn profit for 2018

Access Bank declares N95bn profit for 2018 Access Bank Plc on Friday declared a profit after tax of N95 billion for the financial year ended Dec. 31, 2018. The News Agency of Nigeria (NAN) reports that the profit after tax grew by 58 per cent compared with N60.07 billion recorded in the corresponding period of 2017. The bank’s...... more

NNPC woos investors to Nigeria’s ultra-deep terrain

NNPC woos investors to Nigeria’s ultra-deep terrain The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has called on foreign investors to explore Nigeria’s ultra-deep terrain which is largely untested. Baru made the call in a statement issued by the corporation, in Abuja, on Friday. He spoke during a special session on Africa,...... more

Dangote, Chevron Nigeria sign historic agreement on gas supply

Dangote, Chevron Nigeria sign historic agreement on gas supply Dangote Fertilizer Limited has entered into a long-term agreement with Chevron Nigeria Limited (CNL) for the delivery of Natural Gas from Chevron’s supply portfolio to the fertilizer plant, which is poised to start operations soon. The contract, under the Gas Sale and Aggregation Agreement (GSAA) is part of International Oil Company...... more

Court orders Ecobank to forfeit N22.5bn over Airtel shares

Court orders Ecobank to forfeit N22.5bn over Airtel shares A Federal High Court in Lagos has ordered O & O Networks Limited, a special purpose vehicle owned by Ecobank Transnational Incorporated, to pay the sum of N22.5billion, being proceeds of the wrongful sale of shares in Airtel Networks Limited by Ecobank to Bharti Airtel, into the court’s account. The decision...... more

Naira gains against dollar

Naira gains against dollar The Naira on Wednesday gained marginally against the dollar at the parallel market in Lagos, exchanging at N358 to the dollar. The News Agency of Nigeria (NAN) reports that the naira had exchanged at N358.2 to the dollar on Tuesday. The Pound Sterling and the Euro closed at N470 and N406...... more

FG eyes N4.6bn from Maritime operations

FG eyes N4.6bn from Maritime operations The Federal Government is working towards generating over N4.6 billion ($15 million) annually from the huge potentials in the maritime industry, the Managing Director of the Nigerian Ports Authority, NPA, Hadiza Bala Usman, has said. Speaking at a function held in Lagos, the NPA boss said the federal government knows the...... more

Stanbic IBTC maintains strong liquidity, grows FY 2018 PAT by 54 pct

Stanbic IBTC maintains strong liquidity, grows FY 2018 PAT by 54 pct Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has released its audited financial results for the financial year to December 31, 2018 to the Nigerian Stock Exchange (NSE), which showed a strong liquidity position. The results, released to the Exchange on Wednesday, showed the group grew its topline earnings...... more

No Boeing 737 Max operating in Nigeria, says Aviation Minister

No Boeing 737 Max operating in Nigeria, says Aviation Minister The Federal Government says there is no cause for worry by air travelers in the country regarding the Boeing 737 Max 8 aircraft which, according to it, is not in Nigeria’s aviation register.  The Minister of State for Aviation Senator, Hadi Sirika, gave the assurance in a statement on Tuesday, against...... more

 

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