Federal Archives — Page 135 of 144

August 26, 2016 No Responses

Skye Bank, Fidelity, FBN, others sustain sliding profile

For the second day, investors on the floor of the Nigerian Stock Exchange (NSE) have continued to dump the shares of Banks suspended from participating in Foreign Exchange (Forex) transactions by the Central Bank of Nigeria (CBN). The restriction...

August 26, 2016 No Responses

UBA proposes 20 kobo interim dividend for half year

United Bank for Africa Plc (UBA) has announced its audited 2016 Half Year Financial Results for the period ended 30 June 2016, showing the bank recorded gross earnings of N166 billion, net operating income of N109 billion and profit before...

August 26, 2016 No Responses

‘Heritage Bank did not conceal NPA’s N11.2Billion’

An investor of Heritage Bank has absolved the Bank of any involvement in the alleged concealment of N11.2 Billion belonging to the Nigerian Ports Authority (NPA). The source who preferred to remain anonymous on Thursday described the allegation as false,...

August 26, 2016 No Responses

Ministry signs MoU with British Council on dormant festivals, traditional games

The Minister of Information and Culture, Alhaji Lai Mohammed, has signed a Memorandum of Undrstanding (MoU) with the Chief Executive of the British Council, Sir Ciaran Devane, with a request for partnership to help train festival managers, revive the country...

August 25, 2016 No Responses

FG approves 2017-2019 Fiscal Strategy Framework

The Federal Executive Council (FEC) on Wednesday approved a three-year Fiscal Strategy Framework from 2017 to 2019. Identified as the Medium Term Expenditure Framework (MTEF), the process starts the process for the preparation of the 2017 budget. The Ministe...

August 25, 2016 No Responses

FG pledges support for Artists

The Minister of Information and Culture, Alhaji Lai Mohammed, has reassured the Artists’ Village community at the National Theatre, Lagos, that the government has not abandoned them. The Minister, who stated this in Lagos at a meeting with the representative...

August 24, 2016 No Responses

CBN suspends First Bank, Diamond, others from forex transactions

Citing non-remittance of all outstanding Nigerian National Petroleum Corporation (NNPC) funds in their vaults into the Treasury Single Account (TSA), the Central Bank of Nigeria (CBN) has suspended nine banks from further dealing in foreign exchange transact...

August 24, 2016 No Responses

Workers fault proposed airport concession

The National Union of Air Transport Employees (NUATE) and Air Transport Services Senior Staff Association (ATSSSAN) on Tuesday in Lagos and Abuja, staged a protest against the proposed concession of four international airport terminals by the Federal Governmen...

August 24, 2016 No Responses

All set for NSE, Bloomberg 2nd CEO Roundtable

The Nigerian Stock Exchange (NSE) in collaboration with Bloomberg is set to host the 2nd NSE Bloomberg Chief Executive Officer (CEO) Roundtable Event on Wednesday, 31st August 2016 at the Stock Exchange House, Marina, Lagos. According to a statement, the...

August 24, 2016 No Responses

Boko Haram:Kerry lauds Nigeria’s success

The United State Secretary of State, John Kerry has commended Nigeria on its military successes against Boko Haram. However, he advised the Federal Government to include other measures in its crack down on the group. Speaking in Sokoto,...

August 23, 2016 No Responses

PwC seeks change of tactics for Oil & Gas industry in Africa

The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas revenue, a new report put together by PwC...

August 23, 2016 No Responses

TUC faults proposed 9% hike on telephone calls, SMS, others

The Trade Union Congress of Nigeria (TUC) has condemned Federal Government’s proposed imposition of Communication Service Tax (CST) “as recently mooted by the Minister of Communication, Mr. Adebayo Shittu”. TUC in statement issued by Its President B...

August 23, 2016 No Responses

Kerry meets Buhari, others

The United States Secretary of State, John Kerry, who visits Nigeria on Tuesday, August 23, 2016 (today), is scheduled to have a private audience with President Muhammadu Buhari at the Presidential Villa, Abuja. According to available information, Kerry i...

August 22, 2016 No Responses

FG to train 500 ex-militants in farming

The Federal Government will train 500 ex-militants in agriculture and aquaculture under its amnesty programme, an official has said. The Special Adviser to the President on Niger Delta, Paul Boro, disclosed this to the News Agency of Nigeria shortly after...