No fewer than 400 contractors are competing to participate in the Nigeria Railway Corporation (NRC) capital projects for 2016. According to the Corporation, the bidders are bidding for alternative revenue streams “like canteens, clubs and car parks, communication centres…
Declare state of emergency on economy, NUPENG tells Buhari
By Moses Ebosele – The Nigerian Union of Petroleum and Natural Gas workers (NUPENG) on Tuesday expressed worry over what it described as “parlous state” of the Nigerian economy. The union in a statement issued by its President, Dr Igwe…
How to revive Nigeria’s economy, by NECA
By Moses Ebosele – Effort by the Federal Government to revamp the economy and stimulate growth in the face of the global economic downturn has been commended by the Nigeria Employers’ Consultative Association (NECA). The Association in a statement…
‘Don’t sell more than $30,000 per week to BDC’
The Central Bank of Nigeria (CBN) on Tuesday directed Bureau De Change (BDCs) operators not to sell foreign exchange above two per cent margin of the buying rate. This is contained in a statement in Lagos signed by W.D Gotring,…
NNPC denies report on fuel price increase
The management of Nigeria Railway Corporation (NRC) has ruled out possibility of imminient in the pump price of petroleum products. Reacting to online reports suggesting that the Federal Government will soon increase the price of fuel due to the…
NIMASA pledges to fully implement Ballast Water Management Convention
By Moses Ebosele – The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has challenged stakeholders in the maritime industry to protect the marine environment from alien invasive species conveyed into Nigeria’s territorial waters as…
NAHCO facilitates lifting of thousands to Hajj
By Moses Ebosele – The Nigerian Aviation Handling Company Plc (NAHCO) is facilitating the ongoing airlift of thousands of pilgrims to Saudi Arabia. The company has also pledged to protect the interet of all stakeholders especially investors as it…
Shareholders, NUATE seek support for NAHCO’S Board, Management
By Moses Ebosele – Citing sustained growth and development, shareholders of Nigerian Aviation Handling Company Plc (NAHCO)have urged all stakeholders to support the board and management of the company. According to the shareholders, the company in less than ten years…
Nigeria to raise $1B Eurobond
The Federal Government has concluded plan to raise $1 Billion from International Capital Market in 2016. According to the Debt Management Office, the $1billion sale is the first tranche of a $4.5 billion Nigeria Global Medium-Term Notes Issuance Programme…
Customs generates N130.7B at Tin Can Island in seven months
By Moses Ebosele – The Tincan Island command of Nigeria Customs Service (NCS) generated N130. 7 Billion within a period of seven months. Controller of the command, Comptroller Y. U. Bashar, who made the disclosure during an interactive…
AfDB approves $9m equity investment for SME’s in Nigeria
(NAN) The African Development Bank has approved a nine million dollar equity investment in the Fund for Agricultural Finance in Nigeria (FAFIN) to provide expansion capital to agricultural small and medium-sized enterprises (SMEs). This was contained in a press statement…
NIMASA reiterates commitment to partner stakeholders
By Moses Ebosele – The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside has reiterated the resolve of the Agency to partner all stakeholders in the maritime sector. Receiving a delegation of Women in…
Palliative work begins on Ijora-Apapa Bridge today
Palliative work will commence today on the collapsing Ijora-Apapa Bridge. Already, the Federal Government has shut the Bridge to traffic while appealing to members of the public to show understanding. Speaking in Lagos, the Minister for Power, Works and Housing,…
IOSCO unveils cyber guidelines for financial markets
The Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) have released the final report Guidance on cyber resilience for financial market infrastructures According to IOSCO, Cyber Guidance is the first…