Federal Archives — Page 130 of 147

October 13, 2016 No Responses

CBN faults report on Banks, caution against exceeding $50,000 annual limit on overseas withdrawal

No Nigerian Bank is in crisis, the Bankers Committee said on Wednesday after its 329thmeeting in Lagos. Briefing Journalists after the meeting, the Director, Banking Supervision of CBN, Tokunbo Martins described negative reports on the state of Nigerian Banks as...

October 13, 2016 No Responses

Customs impounds 121 vehicles, 3,082 bags of Rice, others in FOU Zone C

The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone C, Owerri has recorded a total of two hundred and thirty-one (231) seizures of contraband goods with an overall Duty Paid Value (DPV) of one billion, nine hundred and fifty-seven...

October 13, 2016 No Responses

Minister pledges full implementation of ISPS Code

The Federal Government has reiterated Nigeria’s commitment to maritime security through the full implementation of the International Ship and Port Facility Security (ISPS) code. This commitment was made by the Minister of Transportation, Rotimi Chibuike A...

October 12, 2016 No Responses

‘Clean environment at Seaports, good health critical in operational efficiency’

The management of Nigerian Ports Authority (NPA) has reiterated its resolve to make the Nation’s Seaports a pride worthy of emulation in line with International Standards. According to NPA, the resolve is attainable through adherence to better sanitization...

October 12, 2016 No Responses

GE confirms interest in $2 billion Nigeria railway concession

(Reuters) General Electric (GE) (GE.N) confirmed its a “keen interest” in acquiring a Nigeria railway concession project worth around $2 billion, the U.S. company said on Monday. Nigerian President Muhammadu Buhari said this month that GE would be ...

October 12, 2016 No Responses

FG to launch Digital Broadcasting in December

The Minister of Information and Culture, Alhaji Lai Mohammed, has assured of the Federal Government’s readiness to launch the DigitalSwitch Over (DSO) in broadcasting in the Federal Capital Territory (FCT), Abuja, by the end of 2016. The Minister gav...

October 12, 2016 No Responses

Ease of doing business and corruption at borders, ports

By Lanre Badmus – After months of mere sound bites and public statements, a Presidential Enabling Business Environment Council has been approved by President Muhammadu Buhari, to drive government’s promise to significantly reduce the cost of doing bu...

October 11, 2016 No Responses

‘Made-In- Nigeria products key to sustained economic growth’

To sustain economic growth, there is the urgent need for Nigeria to focus on Made-in-Nigeria goods and services. Declaring open the 22nd Nigerian Economic Summit in Abuja on Monday, President Muhammadu Buhari explained that diversification of the Nigerian e...

October 11, 2016 No Responses

NPA to introduce tenancy for agencies at Seaports

As part of measures to generate additional revenue, the Nigerian Ports Authority (NPA) is considering renting out all spaces hitherto occupied by Government and Private agencies at the nation’s seaports. NPA’s Executive Director incharge of Marine and...

October 11, 2016 No Responses

FG hands over 2 presidential helicopters to Air Force

(NAN) President Muhammadu Buhari on Monday ordered the release of two Augusta AW 101, VVIP helicopters from the Presidential Air Fleet (PAF) to the Nigerian Air Force (NAF) The National Security Adviser, Babagana Monguno, who presented the helicopters to the.....

October 11, 2016 No Responses

NSE Organises First Market Data Workshop

The Nigerian Stock Exchange (NSE) in collaboration with Independent Software Vendors (ISVs) and Market Data Vendors (MDVs) is set to host its inaugural Market Data Workshop, onTuesday, October 18, 2016 at The Civic Center, Victoria Island, Lagos. The wo...

October 10, 2016 No Responses

NCC records 94m internet users in August

The Nigerian Communications Commission (NCC) as at August 2016 has in its networks 93,591,174 internet users. According to NCC, the data revealed that internet usage on the Global System for Mobile communications (GSM) and the Code Division Multiple Access....

October 10, 2016 No Responses

‘Arrest of Judges was attack on corruption, not Judiciary’

The Federal Government has described the arrest of some Judges by the Department of State Securities (DSS) as an attack on corruption not Judiciary. In a statement at the weekend, the Senior Special Assistant to the President on Media and...

October 10, 2016 No Responses

Minister lauds NAFEST 2016 contributions to national unity

The Minister of Information and Culture, Alhaji Lai Mohammed, has described the 2016 edition of the annual N ational Festival of Arts and Culture (NAFEST 2016) as a success, saying it has helped to strengthen national unity. ”Undoubtedly the biggest...