Category: News

IMF downgrades US, UK growth
July 24, 2017 No Responses

IMF downgrades US, UK growth

The International Monetary Fund (IMF) has lowered its forecasts for US and UK economic growth this year, following “weaker-than-expected activity” in the first three months. The IMF says it now expects the UK to grow by 1.7% this year, compared...
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Customs FOU recovers N1.2b duty payments, arrest 95 suspects
July 24, 2017 No Responses

Customs FOU recovers N1.2b duty payments, arrest 95 suspects

By Moses Ebosele, ebosele@hotmail.com       Between January and June, 2017, the Nigeria Customs Service (NCS),  Federal Operations Unit (FOU), Zone ‘A’ Ikeja  recovered One Billion, Two Hundred and Eighty Six Million, Seven Hundred and Thirty Thousan...
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UBA foundation takes reading culture campaign to Kenya, donate 500 books to secondary school
July 24, 2017 No Responses

UBA foundation takes reading culture campaign to Kenya, donate 500 books to secondary school

 The United Bank for Africa (UBA) Plc, through its Corporate Social Responsibility arm, the UBA Foundation, continued on its quest to educate and empower African youths as it visited Our Lady of Mercy Girls Secondary School in Nairobi to donate...
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Nigeria to inaugurate $700,000 capacity development facility for youth agripreneurs
July 23, 2017 No Responses

Nigeria to inaugurate $700,000 capacity development facility for youth agripreneurs

Nigeria will on Monday 24 July, 2017 inaugurate $700,000 youth training facility comprising two major training rooms that can sit conveniently 50 trainees each.     Funded by the Federal Ministry of Agriculture and Rural Development and IITA, the facility s...
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Haastrup, Agbor, others to brainstorm on Nigerian Port Reforms at Taiwo Afolabi maritime conference
July 22, 2017 No Responses

Haastrup, Agbor, others to brainstorm on Nigerian Port Reforms at Taiwo Afolabi maritime conference

The second edition of the Taiwo Afolabi Annual Maritime Conference will hold on Friday, August 4, 2017 at the University of Lagos.  The conference, held in honour of Dr. Taiwo Afolabi, Group Executive Vice-Chairman, SIFAX Group, is an initiative of...
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Panel blames shipping firms, terminal operators, others for alleged N30tri fraud at seaports
July 21, 2017 No Responses

Panel blames shipping firms, terminal operators, others for alleged N30tri fraud at seaports

The Nigerian Senate Joint Committee on Customs and Marine Transport investigative panel on Thursday accused  some commercial banks, shipping firms, terminal operators of allegedly conniving with some officials of Customs and Nigeria Port Authority (NPA) to de...
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‘Any programme to be consumed by Nigerians must be produced in Nigeria’
July 20, 2017 No Responses

‘Any programme to be consumed by Nigerians must be produced in Nigeria’

The Minister of Information and Culture, Alhaji Lai Mohammed, has reiterated the government’s decision that any programme meant for Nigerians must be produced in Nigeria, saying he was not appointed Minister to develop the economy of other countries a...
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Minister lauds Tony Elumelu’s commitment to job creation, poverty alleviation.
July 20, 2017 No Responses

Minister lauds Tony Elumelu’s commitment to job creation, poverty alleviation.

At the 30th Anniversary celebration of the award-winning Transcorp Hilton Abuja, the Honourable Minister of Labour and Employment, Chris Ngige, commended the relentless efforts of the chairman, Transnational Corporation of Nigeria Plc, Tony O. Elumelu CON, to...
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Presco’s N1.5B dividend for 2016 delights Shareholders
July 20, 2017 No Responses

Presco’s N1.5B dividend for 2016 delights Shareholders

By Moses Ebosele, ebosele@hotmail.com –  For the year ended December 31, 2016, shareholders of Presco Plc has approved a dividend of N1.5Billion, amounting to 150 kobo per share. The company had in 2015 rewarded shareholders with N1Billion, indicating 1...
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FG releases N243.8B second tranche of Paris Club refund to States, FCT
July 19, 2017 No Responses

FG releases N243.8B second tranche of Paris Club refund to States, FCT

The second tranche of Paris Club refunds has been released by the Federal Government to the 36 states and the Federal Capital Territory (FCT).   A statement issued by the Director of Information, Ministry of Finance, Mr. Salisu Danbatta, explained...
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WFE consolidates report on SME Exchanges
July 19, 2017 No Responses

WFE consolidates report on SME Exchanges

The World Federation of Exchanges (WFE) on Tuesday jointly published a report with the Milken Institute on Small and Medium-sized Enterprises (SMEs) and SME exchanges.   According to WFE, the report consolidates results from initial independent research from ...
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WFE explains position on ledger technologies
July 18, 2017 No Responses

WFE explains position on ledger technologies

The World Federation of Exchanges (WFE) on Monday responded to the United Kingdom (UK) Financial Conduct Authority’s (FCA)discussion paper on Distributed Ledger Technology (DLT).     According to the summarized response, the WFE is encouraged by regulator...
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NPA probes Calabar fire outbreak, condoles families, Cross River Govt
July 18, 2017 No Responses

NPA probes Calabar fire outbreak, condoles families, Cross River Govt

The management and board of the Nigerian Ports Authority (NPA) on Monday condoles the Cross River State Government and families of people who lost their lives in the  fire incident which occurred at the Linc Oil and Gas tank farm...
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FG announces $1m venture capital for creative industry
July 18, 2017 No Responses

FG announces $1m venture capital for creative industry

The Minister of Information and Culture, Alhaji Lai Mohammed, on Monday announced the establishment of one million-dollar Venture Capital to boost the Creative Industry. The Minister made the announcement at the opening of a two-day Creative Industry Financi...
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