Federal Archives — Page 111 of 138

November 30, 2016 No Responses

House Committee pledges support for NIMASA

The House of Representatives Committee on Maritime Safety, Education and Administration has resolved to support the rebuilding efforts of the Nigerian Maritime Administration and Safety Agency (NIMASA) in its quest to reposition, reform and restructure for the benefit of the...

November 29, 2016 No Responses

MAN seeks reduction in interest rate

Manufacturers Association of Nigeria (MAN) on Monday appealed to the Central Bank of Nigeria to reduce interest rates as part of measures to lift various sectors. According to MAN, retaining the Monetary Policy Rate (MPR) at 14 per cent by...

November 29, 2016 No Responses

World Federation of Exchanges explain Commission’s crisis management proposal

The World Federation of Exchanges (WFE) on Monday notes the European Commission’s proposal for regulation regarding the recovery and resolution of CCPs, and welcomes the importance placed on consistency with international standards. According to WFE, the pro...

November 29, 2016 No Responses

NCC directs mobile operators to increase data tariffs

NCC directs mobile operators to increase data tariffs (The Cable)– The Nigeria Communication Commission (NCC) has directed mobile operators to initiate a new data tariff regime from December 1, 2016 in what is effectively a price increase. In a...

November 29, 2016 No Responses

Dangote foundation donates N100m food items to IDPs, returnees in Yobe State

Moved by the plight of the Internally Displayed Persons (IDPs) and returnees in Yobe State, many of whom have been hit by starvation, the Dangote Foundation has flagged off the distribution of food and other relief items worth over N100...

November 28, 2016 No Responses

IITA warns against paying lip service to agriculture

There are negative consequences if Africa continued to pay lip service to agriculture, the Director General of the International Institute of Tropical Agriculture (IITA), Dr Nteranya Sanginga has warned. Addressing members of the Board of Trustees of IITA and ...

November 28, 2016 No Responses

FG to name exporters of substandard agric products

Henceforth, the Federal Government will name individuals and agencies behind export of substandard agricultural products. According to the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, in the spirit of anti-corruption posture, the Federal Go...

November 28, 2016 No Responses

Customs FOU impounds N1.1B contraband, arrest 18 suspects

The reinvigorated anti-smuggling activities of the Federal Operations Unit, (FOU) Zone ‘C’ of the Nigeria Customs Service (NCS) has resulted in the seizure of 29 prohibited items with a Duty Paid Value (DPV) of N1,074,099,739.00 and under payment recovered...

November 27, 2016 No Responses

Investors get N29b from unclaimed dividend in one year

Ongoing campaign by the Securities and Exchange Commission (SEC) for investors to embrace e-dividend mandate has led to the payment of N29 Billion out of N90 Billion unclaimed dividend between November 2015 and this year. Briefing Journalists on the...

November 25, 2016 No Responses

224 firms bid for crude lifting contracts

Not less than 224 local and foreign firms have submitted bids for the purchase and sale of Nigeria’s crude oil. Speaking at the opening ceremony for the sale and purchase of the crude oil grades in Abuja, the Group Managing...

November 25, 2016 No Responses

SEC unveils capital market journal

The Securities and Exchange Commission is set to improve the financial literacy of Nigerians as poor financial literacy has been identified as one of the factors responsible for the low level of financial inclusion in the country. This was disclosed...

November 25, 2016 No Responses

Minister tasks NIMASA Board on mandate

The Minister of Transportation, Rt. Hon. Rotimi Chibuike Amaechi has urged the members of the Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) to assist the Management of the Agency discharge its mandate optimally. Deliverin...

November 25, 2016 No Responses

‘Senate allegations against VON Automobile is unsubstantiated’

VON Automobile Nigeria Limited has described Senate allegations of economic sabotage as “falsehood and premeditated blackmail to disparage the company’s impregnable accomplishment”. VON Automobile Managing Director Adetokunbo Aromolaran expressed this re...

November 23, 2016 No Responses

CBN implores FG on domestic debt

As part of measures to protect the integrity of the financial system, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has called on the Federal Government to evaluate its domestic indebtedness and put modalities in place...