CBN raises interest rate to 14 per cent

CBN raises interest rate to 14 per cent

The Central Bank of Nigeria (CBN) has raised monetary policy rate (MPR) from 12 per cent to 14 per cent as part of measures to curtail inflation.  CBN Governor, Godwin Emefiele explained at the end of the Monetary Policy Committee...
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Nigeria to host Maritime Ports and Terminals Expo

Nigeria to host Maritime Ports and Terminals Expo

By Moses Ebosele –    Facilitators of the 9th Nigeria International Maritime Port and Terminal Conference and Exhibition (NIMPORT 2016)  have concluded plans to host the event between  23-25 August 2016 at Shehu Musa Yar’Adua Centre, Abuja.   Acco...
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Stakeholders seek support for NIMASA DG

Stakeholders seek support for NIMASA DG

By Moses Ebosele –    Experts and stakeholders in the maritime sector  have commended the leadership initiatives of Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside.  Speaking at a ceremony hosted ...
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INEC okays  Makarfi as PDP’s Acting National Chairman

INEC okays Makarfi as PDP’s Acting National Chairman

(NAN) The Independent National Electoral Commission (INEC), has recognised former Governor of Kaduna State Ahmed Makarfi as the Acting National Chairman of the Peoples Democratic Party (PDP). In a statement issued by  INEC’s Deputy Director, Voter Educatio...
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Global market capitalisation drops to $67.2 trillion in six months

Global market capitalisation drops to $67.2 trillion in six months

By Moses Ebosele –    A report put together by the World Federation of Exchanges (WFE) has revealed that between January and June this year, global market capitalisation declined by 9.4 per cent to reach $67.2 trillion, compared with $74.2...
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NNPC intensifies oil search in North-East

NNPC intensifies oil search in North-East

By Moses Ebosele –     The Nigerian National Petroleum Corporation (NNPC) has intensified search for oil in the Chad Basin and other parts of the  North-East.   Receiving the Governor of Bauchi State, Mohammed Abubakar, who paid him a courtesy...
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FG explains $42.5 per barrel benchmark for 2017

FG explains $42.5 per barrel benchmark for 2017

The Federal Government has proposed $42.5 per barrel benchmark for the year 2017.    Presenting the 2017-2019 Meduim Term Expenditure Framework (MTEF)  to civil society group in Abuja on Monday, Minister of Budget and National Planning, Udoma Udoma, explai...
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Drama as Edo Speaker steps down for deputy

Drama as Edo Speaker steps down for deputy

Speaker of Edo State House of Assembly, Mrs. Elizabeth Ativie, yesterday stepped down from her position to allow her  Deputy, Dr. Justin Okonoboh assume  house leadership.   18 out of the 24 members of the House supported the removal of  Ativie...
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Flour Mills posts N4.3b loss

Flour Mills posts N4.3b loss

For its fourth quarter (Q4), Flour Mills Nigeria Plc has posted  profit before tax of N4.3billion.  In a report to the Nigeria Stock Exchange (NSE), the company said: “the pre-tax loss was mainly driven by a combination of factors including a...
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Trailing Abdullahi’s foot note at NPA

Trailing Abdullahi’s foot note at NPA

By Moses Ebosele –    Blocking revenue leakages and clamour for efficiency through deployment of information technology were some of the notable achievements of the immediate past Managing Director of Nigerian Ports Authority (NPA), Habib Abdullahi.  ...
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Ministry to partner British Council, Elumelu Foundation on capacity building for culture, tourism managers

Ministry to partner British Council, Elumelu Foundation on capacity building for culture, tourism managers

By Moses Ebosele –  The Minister of Information and Culture, Alhaji Lai Mohammed  has reiterated resolve to partner the  British Council and Tony Elumelu Foundation  as part of measures to enhance capacity building initiative of culture and tourism m...
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Amaechi unveils ports surveillance technology

Amaechi unveils ports surveillance technology

 By Moses Ebosele –    The Minister of Transportation, Rotimi Amaechi has unveiled a maritime security technology which tracks and records movement of vessels within the nation’s territorial waters.   The security infrastructure monitors vessels wi...
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FIFA President arrives in Nigeria

FIFA President arrives in Nigeria

The President of Federation of International Football Association  (FIFA) Gianni Infantino, yesterday arrived Abuja, Nigeria on an official visit.   The President of world football –governing body, Gianni Infantino, and the Secretary General, Fatma Samoura...
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CBN direct banks to sell forex to BDCs

CBN direct banks to sell forex to BDCs

By Moses Ebosele –  AS part of measures to ensure stability of the Exchange rate, the Central Bank of Nigeria (CBN) has directed agent banks approved for international money transfer operators to sell foreign currency accruing from inward money remittan...
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