Federal Archives — Page 85 of 147

October 30, 2017 No Responses

Osinbajo: It’s in Nigeria’s interest to promote transparency in extractive sector

Nigeria will continue to embrace transparency in the extractive sector because it is in the country’s overriding national interest to do so, Vice President, Yemi Osinbajo, has said. Prof. Osinbajo stated this during a bilateral meeting with the Chairman of...

October 28, 2017 No Responses

FG reiterates support for private sector, seeks industrial competitiveness

In accordance with the targets of its Economic Recovery and Growth Plan (ERGP), the Federal Government is open to stronger partnerships and collaborations with the private sector to build infrastructure and make the necessary progress in the economy, Vice Pres...

October 26, 2017 No Responses

Reshuffle ‘kitchen cabinet’, labour tells Buhari

Alarmed by the scandal surrounding the reinstatement of the dismissed former Chairman of the Presidential Task Force on Pension Reforms, Abdulrasheed Maina, into the Federal Civil Service, Organised Labour under the auspices of Association of Senior Civil Serv...

October 24, 2017 No Responses

Obaseki to FG: Deregulate petroleum sector now

The former Group Managing Director of the Nigerian National Petroleum Company (NNPC), Dr Jackson Gaius-Obaseki, has advised the Federal Government to consider full deregulation of the value chains of the nation’s petroleum sector. Gauis-Obaseki, who is cur...

October 24, 2017 No Responses

SEC votes N160m for Oando’s Forensic Audit, highlights alleged insider dealing

By citybusinessnews@yahoo.com – The Securities and Exchange Commission (SEC) has set in motion machinery for the forensic audit of Oando Plc. To ensure the independence and transparency of the exercise, the Forensic Audit according ...

October 18, 2017 No Responses

Sec probes Oando, shares on technical suspension

The crisis rocking Oando plc on Wednesday assumed a new dimension as the Secirities and Exchange Commission (SEC) directed the Nigerian Stock Exchange (NSE) to place the shares on technical suspension effective from October 20, 2017. Under the arrangement,....

October 18, 2017 No Responses

Buhari Signs University of Petroleum Resources Bill

President Muhammadu Buhari Tuesday in Abuja pledged continued support for the socio-economic development of the Niger Delta region. Giving the assurance at a brief ceremony in the State House to sign the bill establishing the University of Petroleum Resources,...

October 17, 2017 No Responses

GSK, Stanbic IBTC, Zenith Bank, others lift NSE’s market capitalization by N43b

The Nigerian Stock Exchange (NSE) on Monday resumed trading activities on a positive note as market capitalization rose by N43billion or 0.34 per cent. At the end of the day’s trading, 0.33 per cent growth in the All-Share Index...

October 16, 2017 No Responses

Osinbajo: NNPC did not award $25b contracts

The Nigerian National Petroleum Corporation (NNPC) did not award $25billion contracts, Vice President Yemi Osinbajo has declared. A statement issued on Sunday by the Vice President Senior Special Assistant (SSA), media and publicity, Laolu Akande, explaine...

October 15, 2017 No Responses

World Bank: Assistance to Nigeria not limited to Northeast

Assiatance to Nigeria is not limited to the Northeast, the World Bank has clarified. Reacting to the controversy generated by a statement credited to its President, Jim Yong Kim that President Muhammadu Buhari requested its special intervention in ...

October 13, 2017 No Responses

Osinbajo lauds NLNG, flags off construction of N120b Bonny-Bodo road project

The Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo, SAN (GCON), on Thursday in Bonny flagged off the construction of the N120 billion Bonny-Bodo Road to be jointly funded by Nigeria LNG Limited (NLNG) and the Federal...

October 11, 2017 No Responses

Baru reiterates commitment to consolidate NNPC, trading company to efficiency, profitability

The Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru has reaffirmed his commitment to consolidate the NNPC group, especially its trading arm for efficiency and profitability. Since assuming duty, Dr. Baru...

October 11, 2017 No Responses

FG names Sumaila sole administrator for Ajaokuta Steel Complex

The Minister of Mines and Steel Development, Dr Kayode Fayemi, has announced the appointment of Engr. Abdul-Akaba Sumaila, as the Acting Sole Administrator of the Ajaokuta Steel Complex. Sumaila replaces Mr Joseph Isah, who retired from the civil service....

October 9, 2017 No Responses

NADDC Boss seeks involvement of more banks in auto financing

By Moses Ebosele, ebosele@hotmail.com – The National Automotive Design and Development Council (NADDC), is to strengthen some components of the National Automotive Industry Development Plan (NAIDP). Under the arrangement, a fund is to be establ...