News Archives — Page 610 of 612

July 5, 2016 No Responses

CBN removes Skye Bank Board, Management

THE Central Bank of Nigeria (CBN) has replaced the Board and management of Skye Bank Plc. Addressing Journalists in Lagos, CBN Governor, Mr Godwin Emefiele said the Bank failed failed to meet the regulator’s minimum key liquidity and capital adequacy...

July 5, 2016 No Responses

Buhari charges new NNPC board on dedication

PRESIDENT Muhamadu Buhari has advised the new Board of Nigerian National Petroleum Corporation (NNPC) to ensure the successful delivery of its mandate and serve the nation by upholding the public trust placed on them in managing “this critical national ass...

July 5, 2016 No Responses

25 ships expected in Lagos Ports

Twenty five ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos State. According to the Nigerian Ports Authority (NPA), the expected ships contained buck wheat, bulk sugar,...

July 4, 2016 No Responses

Haastrup seeks support for ADR mechanism

THE Chairman of Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has commended the use of arbitration, mediation and other forms of Alternative Dispute Resolution (ADR) in settling commercial disputes in the maritime industry...

July 4, 2016 No Responses

Six Convicted for Conspiracy, Forgery, Counterfeiting, says Customs

Six persons accused of conspiracy, forgery and counterfeiting by the Nigeria Customs Service have been convicted by the Federal High Court, Lagos. The suspects were charged to court in 2013 and arraigned with a five count charge before Honourable Justice...

July 4, 2016 No Responses

NPA set aside N241m for foreign medical expenses

THE Nigerian Ports Authority (NPA) is to spend N241 million before the end of this year on foreign medical expenses. The sum form part of the N382 million the parastatal has budgeted to cater for its medical expenses within the...

December 8, 2015 No Responses

Buhari opposes social media bill

Citing the commitment of his administration to protect free speech in keeping with democratic tradition, President Muhammadu Buhari has pledged not to assent any legislation that might be inconsistent with the constitution. Reacting to the public outcry agai...

December 8, 2015 No Responses

FG Proposes N6tri Budget For 2016

For the fiscal year 2016, the Federal Government has proposed a budget of N6 trillion, allocating 30 percent of the budget to capital expenditure. It has also approved and submitted the Medium Term Expenditure Framework ( MTEF), to the National...

December 7, 2015 No Responses

NAICOM delists 108 insurance brokers

The National Insurance Commission has removes 108 insurance brokers, out of the list of 421 licensed practitioners operating in the country, for failing to renew their licences. Sources from NAICOM told The Punch that the affected brokers had been operating...

December 5, 2015 No Responses

MTN to pay N780b, not N647b, says NCC

The Nigerian Communications Commission has clarified that the fine of N1.04trillion imposed on the MTN Group was reduced by 25 per cent, and not 35 per cent as initially reported. According to NCC, the company will now have to pay...

December 4, 2015 No Responses

FG reduces MTN fine to N674b

The Federal Government through the Nigerian Communication commission (NCC) has reduced MTN fine from N1.otrillion to N674 billion. Meanwhile, the South African telecommunication giant has announced the resignation of the head of its Nigerian operations, Mi...

December 4, 2015 No Responses

LCCI to inaugurate Akande as president Saturday

The Lagos Chamber of Commerce and Industry (LCCI) has concluded plans to formally inaugurate Chief (Mrs.) Nike Akande, as President of the Chamber on Saturday 5th December, 2015 at an Investiture Ceremony billed to hold at the Grand Ball Room...

December 3, 2015 No Responses

$8.3b rail project tops agenda as Buhari meets chinese leader

President Muhammadu Buhari will today in South Africa participate in the Forum on China/Africa Cooperation (FOCAC) taking place in Johannesburg. A statement issued by the Senior Special Assistant to the President, Garba Shehu, explained that President Bu...

December 3, 2015 No Responses

Senate restates ban on rice importation

The Senate has criticized the lifting of ban placed on rice importation and urged the Presidency to prevail on the Nigeria Customs Service (NCS) to immediately restore it. Adopting the report of the Ad-hoc Committee on Import Duty Waivers, Concessions...