Minister Archives — Page 36 of 168

January 12, 2024 No Responses

FG To Raise N35b For Ajaokuta Light Steel

The Federal Government will raise about N35 billion for the Ajaokuta Light Steel mill through the local financial market. Mr Shuaibu Audu, Minister of Steel Development, disclosed this to State House Correspondents after a meeting with President Bola Tinubu on...

January 11, 2024 No Responses

NGX All-Share Index Drops By 1.4%, Investors Lose N638b

The Nigerian Exchange closed trading on Wednesday on a negative note, due to price depreciation posted by Tier-one bank stocks and some others. Consequently, the All-Share Index declined by 1,167.46 or 1.4 per cent to close at 82,024.28, as against...

January 11, 2024 No Responses

Blue Economy: The Role Of Academia, By Jamoh

The academia has a major role to play in the development of the Blue Economy in Nigeria, Director General of the Nigerian Maritime Administration and Safety Agency, Dr. Bashir Jamoh has said Dr Jamoh, who stated this during a courtesy...

January 10, 2024 No Responses

Zenith Bank Explains Annual Report, Emerges Nigeria’s Best Bank at Global Finance Awards

Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023.According to the audited financial....

January 9, 2024 No Responses

Emefiele: EFCC To Appeal N100m Fine

The Economic and Financial Crimes Commission (EFCC) is to appeal N100milion fine imposed on it by the Federal High Court, Abuja, over the violation of the rights of a former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele. ...

January 9, 2024 No Responses

NGX All-Share Index Crosses 80,000 Benchmark

The Nigerian Exchange Ltd (NGX) All-Share Index on Monday crossed significant 80,000 basis points to settle at 80,324.53 benchmark by earning 0.83 per cent or 660 points, as against 79,664.66 recorded on Friday. Consequently, the equity market capitalisation c...

January 9, 2024 No Responses

Minister Of Interior Reacts To Alleged N438m ‘Consultancy Fees’

The Minister of Interior, Olubunmi Tunji-Ojo, has denied reports that his company is involved in the contract allegations linked with the ministry of humanitarian affairs. An online Newspaper had reported that a company allegedly owned by Tunji-Ojo alleg...

January 8, 2024 No Responses

CBN Disburses $61m To Settle Foreign Airlines’ Trapped Fund

The Central Bank of Nigeria (CBN) has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). According to a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali on Sunday, the disbursem...

January 8, 2024 No Responses

NDLEA Intercepts Hard Drugs From US

The National Drug Law Enforcement Agency (NDLEA) has intercepted a consignment of ‘Colorado’, a very strong strain of cannabis, concealed in boxing kits imported from the United States of America. Disclosing this in a statement on Sunday, NDLEA spokesman, ...

January 8, 2024 No Responses

Falana To Betta Edu: Resign For ‘Betraying Nigerians’

Foremost human rights lawyer, Femi Falana, has urged the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, to resign for “betraying the confidence reposed in her”. Falana, a Senior Advocate of Nigeria (SAN), in a statement on Sunday, urg...

January 6, 2024 No Responses

Tinubu Tasks Security Chiefs On Victory Against Insurgency

President Bola Tinubu has challenged the nation’s security chiefs to ensure that there is conclusive victory against the myriad of security threats assailing the country. Addressing security chiefs and heads of intelligence agencies at a Presidenti...

January 6, 2024 No Responses

Lagos Warns Against Sales Of Fake Drinks

The Lagos State government has cautioned entertainment centres within the state against sales and distribution of fake drinks. Mr Idris Aregbe, Special Adviser (SA) to Gov. Babajide Sanwo-Olu on Tourism, Arts and Culture, gave the warning in a statement i...

January 4, 2024 No Responses

Delta To Disburse N2b Special Agricultural Intervention Fund To Farmers In January

Delta State Governor, Sheriff Oborevwori has announced that the state government is set to distribute a Special Agricultural Intervention Fund of N2 billion to farmers this month. The governor revealed this information on Wednesday while examining the Ac...