Minister Archives — Page 110 of 171

October 19, 2017 No Responses

N8b CBN scam: How N8.3m was substituted with paper, by Ecobank staff

Mr Omotayo Sowunmi, a witness in the alleged N8 billion Central Bank of Nigeria (CBN) currency scam case, on Wednesday said that the apex bank lost N8.3 million in a single box meant to contain N10 million. Testifying before Justice...

October 19, 2017 No Responses

NSE partner CSCS, Oando, AXAMansard, MTN, donates school to IDPs in Borno

As part of its Corporate Social Responsibility (CSR), the Nigerian Stock Exchange (NSE) has donated a school to the Borno State Government. The school, Maisandari Alamderi Model Nursery and Primary School, located in the Abuja Talakawa District of Maiduguri...

October 19, 2017 No Responses

NIIA: NPA-INTELS pilotage service contract is legal, valid

The Nigerian Importers Integrity Association (NIIA) has weighed in on the controversy trailing the termination of the pilotage service agreement signed between oil and gas logistics giant, INTELS Nigeria Limited and the Nigerian Ports Authority (NPA) arguing t...

October 19, 2017 No Responses

Elumelu seeks stable policy to enhance SMEs growth

The Chairman, UBA Group and Heirs Holdings, Mr Tony Elumelu, on Wednesday advised the Federal Government to tackle the issue of policy somersaults to enhance the growth of Small and Medium Enterprises (SMEs). Elumelu gave the advice at the 24th...

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

‘Nigeria mining jurisdiction now better rated in investment risk profile’

The Minister of Mines and Steel Development, Dr Kayode Fayemi, has attributed the recent growth in the mining sector and the improvement in the investment risk profile of the country’s mining jurisdiction to the success of the reforms being put...

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

NLNG demands $315m judgment debt from NIMASA

The Management of Nigeria LNG (NLNG) has formally issued a demand notice for the sum of $315,598,823.29 judgment debt to the Nigerian Maritime Administration and Safety Agency (NIMASA). According to NLNG, the sum represents the payments made under protest.....

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 17, 2017 No Responses

Nigeria, Ghana, sign MoU on maritime operations

In line with its vision to enhance regional integration to develop capacity, the Nigerian Maritime Administration and Safety Agency, NIMASA, has signed a Memorandum of Understanding (MoU) with the Ghanaian Maritime Authority, GMA. At the official signing of...

October 17, 2017 No Responses

NPA clarifies position on termination of contract, job security as FIRS explains visit to Intels

The termination of boats pilotage monitoring and supervision contract with INTELS Nigeria Limited will not erase jobs, Nigerian Ports Authority (NPA) Managing Director, Hadiza Usman, has said. Speaking in Lagos on Monday, Usman explained that a new company ...

October 17, 2017 No Responses

Pensioners resume protest in Edo

Pensioners in Edo State on Monday resumed protest to demand for the payment of their pension arrears and gratuity. The pensioners in their numbers sang solidarity and derogatory songs as well as prayed to God to intervene on their behalf....

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 16, 2017 No Responses

Veteran auto marketer, Raju Sawlani, unveils multibrand sales, service outlet in Lagos

By Moses Ebosele, ebosele@hotmail.com – Come Thursday, October 19th, 2017, world class multibrand sales and service centre, Turing Simcubator Limited (TSL), will commence business activities in Lagos State. Located at Plot 3, Apapa-Oshodi Expre...