Federal Archives — Page 141 of 147

August 10, 2016 No Responses

Declare state of emergency on economy, NUPENG tells Buhari

By Moses Ebosele – The Nigerian Union of Petroleum and Natural Gas workers (NUPENG) on Tuesday expressed worry over what it described as “parlous state” of the Nigerian economy. The union in a statement issued by its President, Dr Igwe...

August 10, 2016 No Responses

How to revive Nigeria’s economy, by NECA

By Moses Ebosele – Effort by the Federal Government to revamp the economy and stimulate growth in the face of the global economic downturn has been commended by the Nigeria Employers’ Consultative Association (NECA). The Association in a state...

August 10, 2016 No Responses

‘Don’t sell more than $30,000 per week to BDC’

The Central Bank of Nigeria (CBN) on Tuesday directed Bureau De Change (BDCs) operators not to sell foreign exchange above two per cent margin of the buying rate. This is contained in a statement in Lagos signed by W.D Gotring,...

August 10, 2016 No Responses

NAHCO facilitates lifting of thousands to Hajj

By Moses Ebosele – The Nigerian Aviation Handling Company Plc (NAHCO) is facilitating the ongoing airlift of thousands of pilgrims to Saudi Arabia. The company has also pledged to protect the interet of all stakeholders especially investors as...

August 9, 2016 No Responses

Shareholders, NUATE seek support for NAHCO’S Board, Management

By Moses Ebosele – Citing sustained growth and development, shareholders of Nigerian Aviation Handling Company Plc (NAHCO)have urged all stakeholders to support the board and management of the company. According to the shareholders, the company in ...

August 9, 2016 No Responses

Nigeria to raise $1B Eurobond

The Federal Government has concluded plan to raise $1 Billion from International Capital Market in 2016. According to the Debt Management Office, the $1billion sale is the first tranche of a $4.5 billion Nigeria Global Medium-Term Notes Issuance Programme.....

August 9, 2016 No Responses

Customs generates N130.7B at Tin Can Island in seven months

By Moses Ebosele – The Tincan Island command of Nigeria Customs Service (NCS) generated N130. 7 Billion within a period of seven months. Controller of the command, Comptroller Y. U. Bashar, who made the disclosure during an interactive...

August 8, 2016 No Responses

Palliative work begins on Ijora-Apapa Bridge today

Palliative work will commence today on the collapsing Ijora-Apapa Bridge. Already, the Federal Government has shut the Bridge to traffic while appealing to members of the public to show understanding. Speaking in Lagos, the Minister for Power, Works and Hous...

August 8, 2016 No Responses

IOSCO unveils cyber guidelines for financial markets

The Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) have released the final report Guidance on cyber resilience for financial market infrastructures According to IOSC...

August 6, 2016 No Responses

‘Fleet operators record 226 death in six months’

By Moses Ebosele – The Corps Marshal/Chief Executive Officer of Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi has decried increase in Road Traffic Crashes (RTC) involving Fleet Operators across the country. In his presentation at the just co...

August 6, 2016 No Responses

NFF appoints Gernot Rohr as Super Eagles technical adviser

The Nigeria Football Federation (NFF) has appointed Gernot Rohr to manage the Super Eagles. NFF President Amaju Pinnick, who confirmed the development on Friday said the German who is currently working on development programmes for the German Football Feder...

August 5, 2016 No Responses

Strike looms at seaports over increase in customs duty

By Moses Ebosele – Members of the Association of Nigerian Licensed Customs Agent (ANLCA) have threatened to shut down the nation’s seaports over 43 per cent increase in Customs duty. President of the Association, Alhaji Olayiwola Shittu who spok...

August 5, 2016 No Responses

Transcorp suspends $1b power plan

(Bloomberg) Transnational Corp. of Nigeria Plc suspended plans to build one of the nation’s biggest power plants as a local gas shortage makes it difficult to obtain fuel and a downturn in Africa’s largest economy hinders efforts to raise funds for...

August 5, 2016 No Responses

‘Appointment of new Boko Haram leader is cheap propaganda’

By Moses Ebosele – The Federal Government has described the reported appointment of new Boko Haram leader as cheap propaganda. Speaking on Thursday at the All Nigerian Conference of Editors (ANEC) in Port Harcourt, Rivers State, the Minister....