CBN retains MPR At 14%, CRR at 30%

CBN retains MPR At 14%, CRR at 30%

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 14 percent and the Cash Reserve Ratio (CRR) at 30 percent. MPR is the rate at which the Central Bank lends...
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NIMASA audits 16 maritime institutions, explains billing of pipelines, oil rigs, others

NIMASA audits 16 maritime institutions, explains billing of pipelines, oil rigs, others

The Nigeria Maritime Administration and Safety Agency (NIMASA) has concluded audit of accredited 16 maritime institutions. Accredicted by NIMASA, the  maritime training institutions offer courses in line with the International Convention on the Standards of T...
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Promotion Arrears: Labour vows to paralyse Govt activities

Promotion Arrears: Labour vows to paralyse Govt activities

Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has threatened to shut down activities of Ministries, Departments, and Agencies (MDAs) at the Federal level “unless the Government takes urgent steps to pay promotion...
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Edo NUJ commends on-going rehabilitation of roads

Edo NUJ commends on-going rehabilitation of roads

The Edo State Chapter of the Nigerian Union of Journalists (NUJ) has commended the Governor of the state, Mr Godwin Obaseki,  for the on-going rehabilitation of roads across the state. The NUJ chairman, Comrade Roland Osakue gave the commendation when...
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Labour implores FG on N500b Paris club refund to states

Labour implores FG on N500b Paris club refund to states

The Trade Union Congress of Nigeria (TUC) has urged the Federal Government to tie the N500b London-Paris Club refund about to be released to state governments to projects to avoid a repeat of what happened when the first tranche of...
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FG will protect, reward whistle-blowers, says minister

FG will protect, reward whistle-blowers, says minister

The Federal Government will protect and reward whistle-blowers who provide information that leads to the recovery of stolen funds or assets, the Minister of Information and Culture, Alhaji Lai Mohammed, has reiterated. In a statement issued in Lagos on Sunda...
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Obaseki implores security group on information gathering

Obaseki implores security group on information gathering

Edo State Governor, Mr. Godwin Obaseki has charged the Edo State Vigilante group to ensure that they gather information properly saying that the security system of any nation would be ineffective and inefficient if there was a lack of proper...
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2016: Transcorp Hotels declares N4.5b profits, 40k dividend

2016: Transcorp Hotels declares N4.5b profits, 40k dividend

Transcorp Hotels Plc has announced a profit after tax of N4b at its 3rd Annual General Meeting which took place at Transcorp Hilton Abuja. At the meeting, the Shareholders according to a statement,  commended the management and staff of the...
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NLNG revamps shipping operations, explains strategic deployment of skills, technology

NLNG revamps shipping operations, explains strategic deployment of skills, technology

The shipping aspect of Nigeria LNG Limited (NLNG) is being positioned for emerging market opportunities through a revamped chartering structure designed to optimize available shipping capacity, General Manager in charge of Shipping, Captain Temilola Okesanjo h...
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NIMASA, UK School target sea time for 400 Nigerians

NIMASA, UK School target sea time for 400 Nigerians

The Nigerian Maritime Administration and Safety Agency (NIMASA) in partnership with the South Shield Marine School at the South Tyneside College, South Shield, Newcastle in the United Kingdom, is to provide sea time opportunities for about 400 cadets of NIMASA...
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NPA Photo News

NPA Photo News

Chief Michael Kayode Ajayi (right), erstwhile spokesman of the Nigerian Ports Authority (NPA) hands over to Elder Effiong E. Nduonofit (left), who mounts the saddle in the capacity of the new General Manager, Public Affairs of the Organisation.
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NSE Photo News

NSE Photo News

L – R: Tinuade Awe, General Counsel & Head, Regulation, The Nigerian Stock Exchange (NSE); Olumide Orojimi, Head, Corporate Communications Department, NSE; Boluwatiwi Omidiji, CSR Analysts, NSE; Godstime Iwenekhai, Acting Head, Listings Regulation, NSE; ...
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DMO issues more bonds

DMO issues more bonds

The Debt Management Office (DMO) has issued more bonds than originally planned at an auction after slowing inflation rate helped it offer debt at lower yields. The DMO said it raised N160 billion at an auction on Wednesday, N30 billion...
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Cassava: Experts brainstorm on challenges, way forward

Cassava: Experts brainstorm on challenges, way forward

Still in search of a healing balm, the world’s top cassava experts are in Nigeria to report progress on developing new varieties of cassava with higher yield and nutritional content.      The high level meeting commenced on Tuesday  at...
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