Federal Archives — Page 90 of 120

December 19, 2016 No Responses

SEC to partner EFCC on market infraction

The Securities and Exchange Commission (SEC) is working on a Memorandum of understanding (MoU) with the Economic and Financial Crimes Commission (EFCC) to provide an efficient and effective policing of the capital market. This was disclosed by the Director General of...

December 19, 2016 No Responses

NUPENG begins warning strike January 9

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) is to embark on three-day warning strike onJanuary 9, 2017 over alleged maltreatment of members. In an interview with the News Agency of Nigeria (NAN), the South-West chairman of the...

December 18, 2016 No Responses

New central labour body debuts in Nigeria

A new central labour body under the leadership of Comrade Joe Ajaero has been unveiled in Nigeria. Identified as United Labour Congress (ULC), the new group on Saturday in Lagos pledged to provide purposeful leadership. In a communiqué issued at...

December 16, 2016 No Responses

Senate rejects Magu as EFCC chairman

Citing security report, the Senate on Thursday rejected the nomination of Ibrahim Magu as Chairman of Economic and Financial Crimes Commission (EFCC). Spokesperson of the Senate, Aliyu Abdullahi, who emerged from a closed-door meeting where Mr. Magu’s confir...

December 15, 2016 No Responses

Buhari presents N7.2tri Budget for 2017

President Muhammadu Buhari on Wednesday presented a N7.298 trillion 2017 budget before the joint session of the National Assembly. The presentation was made in Abuja with members of the senate and House of Representatives in joint session. President Buhari exp...

December 15, 2016 No Responses

Customs intercepts truck with adulterated diesel products

The Nigeria Customs Service ((NCS), Federal Operations Unit (FOU), Zone ‘C’ Owerri has intercepted a truck suspected of carrying adulterated diesel product. According to the Customs Area Controller in charge of the unit, Comptroller Mohammed Uba Garba, t...

December 15, 2016 No Responses

NSE admits N6.3b Wema Fund SPV Bond

The Nigerian Stock Exchange (NSE) has announced the Listing by Introduction of N6,295,000,000 Series 1:7-Year 18.50% Fixed Rate Bond Due (2023) under the N50,000,000,000 Wema Funding SPV Plc Debt Issuance Programme. Commenting on the listing, Oscar N. Onye...

December 14, 2016 No Responses

NLNG completes $12m USP scheme, commissions UNIMAID engineering laboratory

Nigeria LNG Limited (NLNG) has completed one of its flagship Corporate Social Responsibility (CSR) programmes, the University Support Programme (USP), with the commissioning of the sixth $2 million engineering laboratory at the University of Maiduguri (UNIMAID...

December 14, 2016 No Responses

NIMASA reiterates support for amnesty programme

The Nigerian Maritime Administration and Safety Agency (NIMASA) has reiterated its commitment to Presidential Amnesty Programme as part of measures to ensure proper rehabilitation and reintegration of the ex-agitators in the Niger Delta Region. The Director Ge...

December 14, 2016 No Responses

Ministers lauds Academy Press N2b investment in modern equipment

The Minister of Information and Culture, Alhaji Lai Mohammed, has lauded the Lagos-based printers Academy Press Plc for showing great confidence in the country’s economy through the investment of N2billion in acquiring modern equipment within one year. T...

December 13, 2016 No Responses

FG to construct 400 dams before 2019

The Federal Government is to construct additional 400 dams to boost irrigation across the country before 2019. Speaking in Abuja at the 32nd Annual Meeting of the Food Crisis Prevention Network, President Muhammadu Buhari explained that due to the growing...

December 12, 2016 No Responses

‘Nigeria’s 2017 budget’ll tackle recession’

President Muhammadu Buhari has assured Nigerians that the 2017 Appropriation Bill would take Nigeria out of the ongoing economic recession. In his Eid-el Maulud message, Buhari explained that with collective dedication and hard work, Nigerians would in 2017 ov...

December 12, 2016 No Responses

Nigeria Energy Sector Fund declares N51 coupon payment

The Nigeria Energy Sector Fund (NESF), a closed-end investment vehicle quoted on the Nigerian Stock Exchange (NSE) has declared a coupon payment of N51 per note to unitholders for the financial year ended March 31st 2016. The coupon translates to...

December 12, 2016 No Responses

Banks to boost Agric, SME fund with N30billion

As part of measures to support the newly created Agriculture/Small and Medium Enterprises (SME) fund, the Bankers Committee at the weekend pledged to contribute N30 billion from their Profit After Tax (PAT). Speaking at the end of the 8th...