Category: News

FG to investigate Nigerian users of offshore tax havens
November 8, 2017 No Responses

FG to investigate Nigerian users of offshore tax havens

Members of the Civil Society Legislative Advocacy Centre (CISLAC), the National Chapter of Transparency International, TI, in Nigeria, and Premium Times Centre for Investigative Journalism, PTCIJ, have called on the Federal Government to investigate Nigerians mentioned in the Pandora Papers....
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FG to spend N35b on Housing Programme, N9.8b on Mambilla Hydro Project
November 8, 2017 No Responses

FG to spend N35b on Housing Programme, N9.8b on Mambilla Hydro Project

The Federal Government has set aside N35.4 billion to address the housing needs of its workforce under the National Housing Programme in 2018. President Muhammadu Buhari made this known when he presented the 2018 budget proposal at the joint session...
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Importer faces trial over alleged re-branding of Dangote Sugar
November 8, 2017 No Responses

Importer faces trial over alleged re-branding of Dangote Sugar

A 72-year-old businesswoman, Esther Akinsanya, was on Tuesday charged before a Federal High Court in Lagos over alleged packaging of unregistered Brazilian sugar as Dangote granulated sugar. The accused is charged alongside her company, Esther Olufumilayo Nig....
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Elumelu at Presidential Villa, implores investors on Nigeria’s business ranking
November 7, 2017 No Responses

Elumelu at Presidential Villa, implores investors on Nigeria’s business ranking

Foremost industrialist and entrepreneur, Tony Elumelu, on Monday urged Nigerian and foreign investors to take advantage of the World Bank’s Ease of Doing Business ranking of Nigeria to invest in the country.  Speaking with Journalists after a visit to the.....
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FG to demolish Costain, Jibowu bridges as construction of Standard Gauge rail track begins in December
November 7, 2017 No Responses

FG to demolish Costain, Jibowu bridges as construction of Standard Gauge rail track begins in December

The Minister of Transportation, Rotimi Amaechi on Monday said the laying of tracks of Lagos-Ibadan standard gauge rail line would start in December. He also said that Jibowu and Costain bridges in Lagos would be demolished to give way for...
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Labour To National Assembly: Support Bailout To States
November 7, 2017 No Responses

Labour To National Assembly: Support Bailout To States

Organised Labour under the auspices of Association of Senior Civil Servants of Nigeria (ASCSN) has enjoined the National Assembly to support the effort of the Federal Government to settle all arrears of salaries and pensions owed workers and pensioners in...
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TinCan Island Port generates N237.26b revenue in 10 months
November 7, 2017 No Responses

TinCan Island Port generates N237.26b revenue in 10 months

Between January and October, this year, the Nigeria Customs Service, Tincan Island Port Apapa Lagos,generated N237.26 billion revenue, compared with N207.93 billion recorded in the corresponding period in 2016.  In a statement on Monday, the Controller of the...
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Online shopping comes under scrutiny
November 6, 2017 No Responses

Online shopping comes under scrutiny

China has created a new law to impose heavy fines on internet shopping websites which publish false advertisements about their products. Vendors who delete negative online reviews or post fake positive reviews face a minimum $30,000 (£23,000) fine. The new...
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NAHCO appoints Idris Yakubu Managing Director
November 6, 2017 No Responses

NAHCO appoints Idris Yakubu Managing Director

The Board of Nigerian Aviation Handling Company Plc (Nanco Aviance) has approved the appointment of Mr Idris Yakubu as the substantive Managing Director/Chief Executive Officer of the company with effect from November 3, 2017.   Yakubu replaces Mrs Folashade ...
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Lagos to unveil more waterways security
November 6, 2017 No Responses

Lagos to unveil more waterways security

Lagos State Governor, Akinwunmi Ambode on Sunday inaugurated three executive boats procured strictly for official use by the state government.  The governor said during the inauguration at the Caverton Jetty on Victoria Island that the government had made sev...
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Edo seeks new investor for Ava Cement Factory
November 6, 2017 No Responses

Edo seeks new investor for Ava Cement Factory

 The Governor of Edo State, Mr Godwin Obaseki, has said  the state is negotiating with the Assets Management Corporation of Nigeria (AMCON) to get a new investor for Ava Cement Factory located in the state.  Obaseki announced this at Igarra,...
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27 killed in Texas church shooting
November 6, 2017 No Responses

27 killed in Texas church shooting

More than 20 people have been killed after a gunman opened fire at a church during Sunday services, police say. The attack happened at the First Baptist Church in Sutherland Springs, a small town in Wilson County, Texas. The gunman,...
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IOSCO unveils peer review, regulation of money market funds
November 5, 2017 No Responses

IOSCO unveils peer review, regulation of money market funds

The Board of the International Organization of Securities Commissions (IOSCO) has published two update reports titled update to the IOSCO peer review of regulation of money market funds and update update to the IOSCO peer review of implementation of incentive....
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NAJA names Ade-Ojo icon of auto industry
November 5, 2017 No Responses

NAJA names Ade-Ojo icon of auto industry

A foremost industrialist and automobile business legend, Chief Michael Ade-Ojo, is set to be honoured as an icon of the Nigeria’s auto industry by the Nigerian Auto Journalists Association. Ade-Ojo, who is the founder of Elizade Nigeria Limited and Chairman....
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