Textile Smuggling: CBN To Blacklist Banks, Firms, Individuals

Textile Smuggling: CBN To Blacklist Banks, Firms, Individuals

To revive Nigeria’s moribund cotton, textiles and garments sector, the Central Bank of Nigeria (CBN) on Monday commenced the distribution of cotton seeds and other inputs to farmers in Katsina State.To encourage local textile production, the apex bank also threatened...
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Edo, Uber Parley On Investment Partnership

Edo, Uber Parley On Investment Partnership

Edo State Governor, Mr Godwin Obaseki, has met with the management team of global ridehailing platform, Uber, to strengthen ties and explore areas of investment in the state. The business meeting took place at the Government House, in Benin City, after...
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NIMASA Photo News

NIMASA Photo News

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Senate Okays N2.9trillion For Capital Expenditure, Passes 2019 Budget

Senate Okays N2.9trillion For Capital Expenditure, Passes 2019 Budget

The Senate has passed the 2019 appropriation bill.The passage follows the presentation of a report by the chairman senate committee on Appropriation, Danjuma Goje.The budget was increased from N8.83 trillion presented by President Muhammadu Buhari to N8.916 tr...
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Nigerian Delegation In China, Inspects 64 Rail Coaches

Nigerian Delegation In China, Inspects 64 Rail Coaches

The Federal Government has inspected 64 coaches under construction in China for the various rail projects in Nigeria, with 10 coaches to be delivered in June for Abuja-Kaduna rail corridor.The Minister of Transportation, Rotimi Amaechi, led a delegation to Chi...
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SEC Nigeria To Align Master Plan With Current Economic Realities

SEC Nigeria To Align Master Plan With Current Economic Realities

The Securities and Exchange Commission (SEC) is to align the 10 Year Capital Market Master plan with current economic realities as well as ensure the planned  review is concluded in record time. Acting Director General of  SEC Nigeria, Ms. Mary...
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SEC Nigeria To Align Master Plan With Current Economic Realities

SEC Nigeria To Align Master Plan With Current Economic Realities

The Securities and Exchange Commission (SEC) is to align the 10 Year Capital Market Master plan with current economic realities as well as ensure the planned  review is concluded in record time. Acting Director General of  SEC Nigeria, Ms. Mary Uduk...
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Palm Oil Producers Lament Smuggling, Petitions Buhari

Palm Oil Producers Lament Smuggling, Petitions Buhari

Citing alleged illegal entry of Crude Palm Oil (CPO) into Nigeria, the National Palm Produce Association of Nigeria (NPPAN) has forwarded a petition to President Muhammadu Buhari. In the petition jointly signed by Mr. Dele Olanubi, NPPAN Ambassador, Mr. Bolari...
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Easter: FRSC Boss Seeks Attitudinal  Change

Easter: FRSC Boss Seeks Attitudinal Change

As Nigeria joins the rest of the world to observe this year’s E8aster celebration, the Corps Marshal of the Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi has called for deep reflection by Christian faithful on the need to show...
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Air Peace Deploys B777 For Easter Operations

Air Peace Deploys B777 For Easter Operations

As part of activities for its Easter Operations,  Air Peace on Thursday deployed  Boeing 777 aircraft for domestic operations. The aircraft is scheduled for  the Port Harcourt-Abuja and Abuja-Port Harcourt  routes on Eas...
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Emefiele Deserves Kudos For His Focused Commitment To The Economy

Emefiele Deserves Kudos For His Focused Commitment To The Economy

By Chika Madubuike-Onuora – Resolutely navigating turbulent seas spawned by a mix of micro and macro-economic triggers, the nation’s apex bank – Central Bank of Nigeria (CBN) led by Dr. Godwin Emefiele – has provided circumspect, stabilizin...
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NPA Board Members Decry Condition Of Port Access Road

NPA Board Members Decry Condition Of Port Access Road

Board Members of the Nigerian Ports Authority (NPA) have added their voice to the perennial traffic gridlock on road leading to Port in Apapa and Tin-Can Island.While assuring that the Board would continue to identify with all efforts to find...
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Atiku Reiterates Pledge To Revamp Economy

Atiku Reiterates Pledge To Revamp Economy

The Presidential Candidate of the Peoples Democratic Party (PDP), Atiku Abubakar on Tuesday in Bauchi reiterated his pledge to revamp the country’s economy if elected president. Addressing people of the state during his party’s political rally, Atiku said ...
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Nigeria Injects $289m, CNY38.70m Into Retail Secondary Forex Market

Nigeria Injects $289m, CNY38.70m Into Retail Secondary Forex Market

In another round of intervention, the Central Bank of Nigeria (CBN) on Friday injected 289.76 million dollars in the retail Secondary Market Intervention Sales (SMIS). The CBN also intervened to the tune of 38.70 million Chinese Yuan in the Spot...
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