Nigeria Archives — Page 374 of 671

May 16, 2019 No Responses

CBN: Nigeria’s Outstanding Domestic Debt Stands At N12.4b

The Central Bank of Nigeria (CBN) on Wednesday said the country’s outstanding domestic debt stood at N12.44 billion as at December 2018. This was contained in the bank’s 2018 Annual Activity Report released by the Financial Markets Department, CBN, and...

May 15, 2019 No Responses

NIMASA Budgets N24b For 2019 Overhead

For the year 2019, the Nigerian Maritime Administration and Safety Agency (NIMASA) overhead will account for N24 billion. Speaking in Abuja on Tuesday, Director General of the agency, Dakuku Peterside explained that capital expenditure will cost N17. 6 billion...

May 14, 2019 No Responses

Shell Nigeria Targets 2,400MW Electricity From Gas Project In Imo

The ongoing Assa North/Ohaji South gas development project in Imo State, southeast Nigeria will produce 600 million standard cubic feet of gas per day, energy equivalent of about 2400 Megawatts which is enough to provide uninterrupted electricity to about 2.4....

May 14, 2019 No Responses

TSA Yields N30trillion

The Accountant-General of the Federation (AGF), Idris Ahmed, on Monday explained that seven years after it was created, the Treasury Single Account (TSA) has yielded more than 30 trillion for the Federal Government, . Speaking with Journalists on t...

May 14, 2019 No Responses

JAMB Remits N5b To Federation Account

The Joint Admissions and Matriculation Board (JAMB) has remitted N5 billion to the Federation Account in 2019. This is against the N8 billion it returned to the government purse last year. JAMB’s Head of Information, Dr Fabian Benjamin, confirmed this...

May 14, 2019 No Responses

SEC Boss: Commodities Market will Aid Economic Diversification

The Commodities Trading Ecosystem has been described as an important market that is capable of playing a strong role in the nation’s diversification efforts as being championed by the present administration. This was stated by the Acting Director General of....

May 13, 2019 No Responses

SEC Nigeria To Stop Distribution Of Gifts To Shareholders At AGMs, EGMs

In a bid to ensure that investors get more value for their investments and thereby positively impact on their earnings per share, the Securities and Exchange Commission, SEC is seeking to create a sub rule to regulate the conduct of...

May 13, 2019 No Responses

‘No Monies Missing, Stolen In CBN’

The Management of the Central Bank of Nigeria (CBN) has been notified of a purported audio recording of selective conversations amongst the Governor, Deputy Governor and some Senior Officials. Contrary to the headline-grabbing narrative that the discussion was...

May 13, 2019 No Responses

Nigeria To Blacklist Firms Over N5tr AMCON Debts

The Nigerian Government has concluded plans to blacklist firms and individuals on the Asset Management Corporation of Nigeria’s (AMCON) debtors’ list. Under the proposed arrangement, they will no longer be allowed to do business with the govern...

May 13, 2019 No Responses

NSITF: Presidency Backs Ngige, Appoints Enejamo-Isire Board Chairman

The Presidency has confirmed the appointment of Mr. Austin Enejamo-Isire, a Chartered Accountant, as the rightful chairman of Nigeria Social Insurance Trust Fund (NSITF). Meanwhile, Frank Kokori has been pencilled down for the headship of Labour Tr...

May 11, 2019 No Responses

Photo News

President Muhammadu Buhari Breaks Ramadan Fast With Asiwaju Bola Tinubu, At The Presidential Villa, On Friday Night, In Abuja

May 10, 2019 No Responses

ILO: $150B Generated Annually Through Forced Labour

The International Labour Organisation (ILO) says that about 150 billion dollars is being generated illegally every year through forced labour. Mr Dennis Zulu, ILO Country Director to Nigeria said this during the National Consultation and Launch Workshop for Al...

May 10, 2019 No Responses

Senate Confirms Dabiri-Erewa As Chairman, Nigerian Diaspora Commission

The Senate on Thursday confirmed the appointment of Mrs Abike Dabiri-Erewa as Chairman/Chief Executive Officer, Nigerian Diaspora Commission. The confirmation followed a report on the screening of the nominee for Senate’s approval presented by Sen. Rose Oko ...

May 8, 2019 No Responses

Shell Opens New LNG Terminal

Shell in partnership with Gasnor has opened a new Liquefied Natural Gas (LNG) regasification terminal at Gibraltar. The terminal, which will be operated by Shell’s Gasnor subsidiary will allow the British Overseas Territory to switch from diesel-fueled pow...