Nigeria Economy news

Abuja – The newly inaugurated President of the Nigerian Institute of Building (NIOB) has pledged to provide training and certification of Artisans and Craftsmen in the building sectorto encourage professionalism.
•Protesting artisans
The NIOB President, Mr Kenneth Nduka made the pledge at his investiture as the 20th President of the institute in Abuja.
He said his listed his five-point agenda will go a long way to boost the building sector.
Nduka said that his tenure would take advant

…On the move again – Ekperigin
…A breath of Fresh Air – Oma Attah
By Tony Nwankwo
As the management of Forever Living Products Nigeria continues to make waves, sourcing business owners from the youth of society, it uses platforms like the Lagos Success Day, for the impact. Platforms like the event of Saturday, January 20, 2018, at Grandeur Event Centre, Ikeja, Lagos, provide opportunities to bring joy to beneficiaries of earned incentives based on company approved plan.

President Muhammadu Buhari has rejoiced with China on the Chinese Lunar New Year.
According to the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, the President conveyed his goodwill message in a letter addressed to the Chinese President, Xi Jinping.
“As you commence festivities marking the Chinese Year of Dog on February 16, 2018, we congratulate and wish the Chinese people a prosperous and peaceful New Year. I understand that the Chinese believe dogs are associ

Lagos – Mr Solomon Adeola, the Chairman Senate Ad hoc Committee on Local Content, has commended the management of Total Upstream Nigeria Limited (TUPNI) on its 16 billion dollars (N5.76 trillion) Egina project in Nigeria.
President Muhammadu Buhari and President of the Senate, Dr Bukola Saraki exchanges greetings with members of the national assembly members after the presidential dinner at the Presidential Villa.
Adeola, who gave the commendation during the committee’s oversight fun

Oladimeji Ramon
Proceedings in the alleged forgery case of the businessman, Innocent Chukwuma, was fraught with drama on Friday as his lawyer, Prof. J.N. Mbadugha, accused the judge of “encouraging lawlessness.”
The lawyer’s outburst followed an enquiry by the judge, Justice Mojisola Dada, about the whereabouts of Chukwuma, who was not in court.
The lawyer had begun by saying he had several preliminary applications which must first be ironed out.
But the judge observed that Chu

ABUJA – The Central Bank of Nigeria (CBN) has injected $325.64 million into the Retail Secondary Market Intervention Sales (SMIS).Emefiele CBN GovernorFigures obtained from the bank at the weekend indicated that the amount released was for requests in the agricultural, airlines, petroleum products and raw materials and machinery sectors.
The figures were confirmed by the Bank’s Acting Director in charge of Corporate Communications, Mr. Isaac Okorafor, who noted that the continued int

Stanley Opara
The Federal Government’s plan to refinance its Treasury bill portfolio with a $2.5bn Eurobond will not increase its overall debt stock but will help lower cost, the Debt Management Office has said.
Proceeds from the bond sale would be converted to naira and used to redeem a more expensive local debt, thereby improving the government’s debt service ratio, the DMO said in a statement on Friday.
The Finance Minister, Kemi Adeosun, had said on Wednesday that the country was

Kunle Falayi
Only few people showed up on Friday for the widely publicised Occupy Lekki showdown, which was meant to protest the increase in toll by the Lekki Concession Company on the Lekki-Epe Expressway, Lagos.
Organisers of the protest had vowed to shut down Lekki on Friday with a massive crowd similar to the 2011 protest when the LCC began toll collection at its Admiralty Plaza on the expressway.
With a heavy presence of the police, the protest began two hours behind schedule when it became

Stanley Opara
Pepsi, a major brand of 7UP Bottling Company Nigeria, says it is going to leverage technology to drive its aggressive marketing this year, and hopes to grow its share of the Nigerian market.
The brand said its unique marketing in 2017 gave it an edge over its competitors, citing the ‘NoShakinCarry Go’ campaign, which was unveiled at the Lekki tollgate on August 11, 2017.
A couple of weeks before then, Pepsi had announced that the Pepsi 50cl plastic bottle was back at N1

Maureen Ihua-Maduenyi
An aviation security consultant, Group Capt. John Ojikutu (retd.), has called for an audit of all airport personnel in view of recent reports of aircraft invasion at Lagos airport.
A domestic carrier, Air Peace, on Thursday night delayed a flight to Abuja after the pilot discovered that the cargo hold had been tampered with.
Ojikutu told our correspondent that only an insider with the knowledge of aircraft compartment could have attempted to break into it.
He added, “

Ife Ogunfuwa
Major network operators in the country lost N120bn potential revenue from voice calls in 2017, the Nigerian Communications Commission data showed on Friday.
This is as a result of the reduction in the subscriber base of MTN, Globacom, Airtel and 9mobile between January and December 2017, according to analyses of the latest statistics from the NCC.
The NCC’s statistics on the subscribers under the GSM category showed that the active mobile voice subscriptions on the four major

Kunle Falayi
Forty youths have completed two-week vocational training organised by the Ikeja Electric in Lagos State.
The company said the programme was part of its commitment to education and youth development in the country.
The vocational training, which was held at the Community Vocational Centre in Oshodi, Lagos, provided the beneficiaries with culinary and entrepreneurial skills, which would allow them to set up small-scale businesses.
The participants were made up of 33 females and seven