• CBN says unconventional monetary policies have created over 2.5m jobs

    CBN says unconventional monetary policies have created over 2.5m jobs
    The Central Bank of Nigeria (CBN) says its unconventional monetary policies have supported the creation of over 2.5 million jobs across the agricultural value chain.
    The CBN Governor, Mr Godwin Emefiele made this known in a keynote address he delivered at the 28th Annual Seminar for Finance Correspondents and Business Editors held in Owerri on Tuesday.
    Emefiele was represented at the occasion by Mr Edward Adamu the CBN Deputy Governor, Corporate Services.
    Continue reading CBN says unconventional
  • Winlpg takes cooking gas campaign to schools in Lagos

    Winlpg takes cooking gas campaign to schools in Lagos
    The Women in LPG, Winlpg, Nigeria chapter, has, on Wednesday, November 20, 2019, launched a Secondary Schools LPG Advocacy Campaign on cooking gas, themed: ‘#thinkglobalactlocal #howcanlpgmakemylagosbetter’.
    The campaign is targeted at enlightening young people about LPG and showcasing LPG as critical fuel towards meeting Nigeria’s Sustainable Development Goals by 2030.
    These SDG Goals include Goal 3 (Good Health and Well Being), Goal 5 (Gender Equality), Goal 7 (Affordable Ene
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  • Nigeria’s oil earnings dip by 2.6% to N3.97trn in 9 months ― CBN

    Nigeria’s oil earnings dip by 2.6% to N3.97trn in 9 months ― CBN
    By Michael Eboh
    Nigeria’s earnings from the oil and gas industry declined by 2.62 per cent to N3.973 trillion in the first nine months of the year, from January to September 2019, according to data obtained from the Central Bank of Nigeria, CBN.
    The CBN, in its Economic Report for the Third Quarter of 2019, disclosed that gross oil revenue in the nine-month period dipped slightly by N107 billion, compared to N4.08 trillion recorded in the same period in 2018.
    Continue reading Nigeria&rsquo
  • Three winners emerge at Three Crowns ‘Mum of the year’ competition

    Three winners emerge at Three Crowns ‘Mum of the year’ competition
    Three Crowns Milk, from the stables of FrieslandCampina WAMCO Nigeria PLC last weekend, held the grand finale of Mum of the Year, where 3 mums won an all-expense-paid trip to Dubai and a year’s supply of Three Crowns products.
    The event which held at D’ Podium Event Centre, Ikeja featured comedian and compere, MC Bash, performances by A-list music artiste Reekado Banks and a panel of judges comprising Nollywood actresses, Adunni Ade, Belinda Effah and Fitness trainer, Bunmi George.
    C
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  • Oil prices climb to highest in three months on renewed U.S.-China trade deal hopes

    Oil prices climb to highest in three months on renewed U.S.-China trade deal hopes
    Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest economies that has raised big questions about global demand for crude.
    Brent futures LCOc1 climbed 47 cents, or 0.7%, to $64.67 a barrel by 0730 GMT, its highest since Sept. 23.
    West Texas Intermediate (WTI) crude CLc1 was up 34 cents, or 0.6%, to $59.52 a barrel, the highest since Sept.
    Continue reading Oil pr
  • Nigeria plans to access $1bn energy fund

    Nigeria plans to access $1bn energy fund
    President Muhammadu Buhari, yesterday, disclosed that Nigeria would join other African oil and gas producing countries in accessing the $1 billion African Energy Investment Corporation, AEICorp, Fund, promoted by the African Petroleum Producers Organisation, APPO, to increase its crude oil reserves and finance oil and gas exploration.
    Continue reading Nigeria plans to access $1bn energy fund at Vanguard News.
  • VAT: 7.5% increase is on consumption from large food retailers — CITN

    VAT: 7.5% increase is on consumption from large food retailers — CITN
    The Chartered Institute of taxation of Nigeria, CITN, Ikeja and District Society has said that the  proposed increase on Value Added Tax (VAT) rate from five to 7.5 percent by the federal government is on consumption especially from largest food retailers.
    Continue reading VAT: 7.5% increase is on consumption from large food retailers — CITN at Vanguard News.
  • Eko Atlantic to protect Victoria Island from ocean surge –MD

    Maduka Nweke
    The Managing Director, South Energyx Nigeria Limited, Mr. David Frame, has said that the development of Eko Atlantic City was informed by the urgent need to protect Victoria Island from perennial ocean surge. He noted that sand filling of the area will be completed in 2023. Frame said that 50 per cent of the city has been developed, adding that infrastructure development will be completed in seven years time.
    “The project began as an endeavor to protect the coastline of Victor
  • Construction by quacks causes project failure –Awobodu

    The newly elected President of the Nigerian Institute of Building (NIOB), Kunle Awobodu, has said that his administration will endeavour to secure standard sites for building students on industrial training to make them have a grasp of the tenets of the profession.
    Speaking during his investiture as the 20th President of NIOB, Awobodu said any society that allows the construction of its buildings to become an ‘all comers’ affair’ is bound to experience project failures in its v
  • AMH Capital to reduce housing deficit with Fairfield Apartments

    Investors who require higher and sustainable level of income are now availed the opportunity created by AMH Capital through its Fairfield Apartments in Abijo, a suburb in Lagos.
    According to the Promoter of the apartments, Mr. Alex Adefarasin, the population of Lekki and its environs is currently over four million, saying with more than 58 per under 45 years of age and an increasing population of four per cent annually naturally drives the need for apartment houses. He said that those who subscr
  • Four Seasons Investment launches online housing platform

    Chinwendu Obienyi
    Four Seasons Investment Limited, a real estate firm, has unveiled a platform to restore the confidence of Nigerians in diaspora who over the years have been disappointed or frustrated by relatives and friends who swinled them.
    Speaking at a media briefing in Lagos, the Chief Executive Officer/Managing Director, Four Seasons Investment, Olabisi Tofade, noted that the real estate firm recognised the need to eliminate the delays, difficulties and frauds Nigerians in diaspora have
  • FG unveils owners of 270 mining licences, 56 oil firms

    FG unveils owners of 270 mining licences, 56 oil firms
    Uche Usim, Abuja
    There is no more hiding place for the real owners of crude oil and gas and mining assets in Nigeria as the Nigeria Extractive Industries Transparency Initiative, NEITI, has finally unveiled the extractive sector Beneficial Ownership Register for Nigeria on Thursday. 
    The disclosure began with the unveiling of the real owners of 270 licences in the mining sector, the owners of 61 assets and 56 companies in the oil and gas sector.
    Speaking at the launch of the extractive sect
  • Nigeria loses N600bn monthly to Lagos ports gridlock –Reps

    Nigeria loses N600bn monthly to Lagos ports gridlock –Reps
    Steve Agbota
    The Chairman, House of Representatives Committee on Privatisation and Commercialisation, Mr. Victor Akinjo, has raised the alarm that the country was losing 
    about N600 billion monthly to the gridlock around the Lagos seaports.
    But, in order to tackle the challenge, he said the Federal Government has concluded plans to engage relevant stakeholders to address the menace.
    Speaking yesterday during a facility tour of the Ocean and Cargo Terminal in Warri, Akinjo describe
  • Nigeria’s Omar Farouk appointed APPO Secretary General

    The African Petroleum Producers Association has appointed Dr. Omar Farouk Ibrahim, as its  new Secretary General.
    Before the appointment, Ibrahim  was a Group General Manager, International Energy Relations for the Nigerian National Petroleum Corporation (NNPC).
    The appointment was announced in a communiqué issued at the end of APPO Council of Ministers meeting in Abuja on Thursday. It also named Mr. Waeil All Atharam as Director, Rilwanu Lukman Research and Development Centre a
  • LAIF Awards holds today

    The 14th edition of the Lagos Advertising and Ideas Festival (LAIF) Awards, organised by the Association of Advertising Agencies of Nigeria (AAAN), will hold today at the Landmark Event Centre, Lekki, Lagos. This was announced in statement signed by Jenkins Alumona, AAAN Publicity Secretary. 
    According to the statement, the theme for this year’s awards ceremony is Tori Tori of LAIF.
    The LAIF Awards debuted in 2006, with the aim of recognising, rewarding and fostering creative excellen
  • Lagos tasks companies on PAYE registration by 2020

    Lagos tasks companies on PAYE registration by 2020
    The Lagos State Inland Revenue (LIRS), yesterday, directed all companies under the Pay As You Earn (PA.YE) scheme to register their staff before the end of 2020.
    Continue reading Lagos tasks companies on PAYE registration by 2020 at Vanguard News.
  • 12 companies receive SON MANCAP certification

    12 companies receive SON MANCAP certification
    Charles Nwaoguji
    The Standards Organisation of Nigeria, Rivers/Bayelsa State Office, Port Harcourt, has  awarded 12 companies Mandatory Conformity Assessment Programme (MANCAP) Certification  (10 in Rivers and 2 in Bayelsa) for compliance.
    The Director General of SON, Osita Aboloma, commended the companies&nb
  • Anambra records poor IGR generation in 2018 –Audit report

    Anambra records poor IGR generation in 2018 –Audit report
    Obinna Odogwu, Awka
    The Internally Generated Revenue (IGR) drive of the Anambra State government for the year 2018 has been marked as poor and unimpressive. This is according to the audit report on the accounts of the state government for the year under review.
    Out of N96,727,124,445.77 total revenue, the IGR contributed only N17,373,850,293.01, representing 17.96 percent of the total sum.
    The report of the state’s Auditor-General, Alexander Onwuli, was presented to the public during the 2
  • Poor corporate governance bane of financial administration -CIA

    Henry Uche
    The Chartered Institute of Administration (CIA), has said  that poor and weak corporate governnace practices remains a cankerwarm eating deep into financial administration in Nigeria both in the private and public sector.
    Speaking at the 44th induction of new members, the president and chairman of Council, CIA, Samson Olopade, bemoaned the unethical conducts and abuse of office by some public office holders and corporate leaders across the country which he said has brought ridicu
  • FG suspends Turkish Airlines’ operations over luggage crisis

    FG suspends Turkish Airlines’ operations over luggage crisis
    Uche Usim, Abuja
    The Nigeria Civil Aviation Authority (NCAA) has suspended Turkish Airlines flights into Nigeria over the perennial cases of missing luggage of passengers or passengers not arriving alongside their checked-in luggage. The suspension takes effect from December 16 if the airline does not resolve the perennial logjam.
    The Acting Director-General of the authority, Captain Abdullahi Sidi who made the disclosure in a statement noted that the incidences assumed a frightening dimension t
  • NGC records N13.29bn profit in 2018

    NGC records N13.29bn profit in 2018
    Uche Usim (Abuja) and Adewale Sanyaolu
    The Nigerian Gas Company (NGC), the gas transportation subsidiary of the Nigerian National Petroleum Corporation (NNPC), has recorded  a profit after tax of N13.29 billion for the year ended December 31, 2018.
    The figure represents an increase of 117 per cent from N6.11 billion in 2017 to N13.29 billion in the year under review. The company’s performance figure was disclosed by the Chairman of the company’s Board of Directors and NNPC Chief
  • NSE: market capitalisation sustains upward posture, up N65bn

    NSE: market capitalisation sustains upward posture, up N65bn
    Trading on the Nigerian Stock Exchange (NSE) sustained positive trend on Thursday for the second consecutive day.
    Continue reading NSE: market capitalisation sustains upward posture, up N65bn at Vanguard News.
  • Poor Service: NCAA threatens to suspend Turkish Airlines’ operations

    Poor Service: NCAA threatens to suspend Turkish Airlines’ operations
    By Dirisu YakubuThe Nigerian Civil Aviation Authority, NCAA, Thursday, threatened to suspend the operations of Turkish Airlines in Nigeria in the event of failure to improve its services to the public.
    The foremost aviation regulatory body in the country premised its position on what it called poor condition of service as manifested in the airline’s recent inability to convey passengers into Nigeria alongside their luggage simultaneously.
    In a letter signed by the Acting Director General o
  • Borrowing $22.7 billion will create more hardship for Nigerians – analyst

    Borrowing $22.7 billion will create more hardship for Nigerians – analyst
    A Financial analyst and the chairman board of trustees of Chartered institute of Development and Social Studies, Mr Shae Bebeyi, has called on the federal government to shelve the idea of borrowing the proposed $22.7 billion saying it will at the long run create more hardships for Nigerians.
    The post Borrowing $22.7 billion will create more hardship for Nigerians – analyst appeared first on TODAY.
  • Refund to bank customers stand at N76.7bn, $20.9m — CBN

    Refund to bank customers stand at N76.7bn, $20.9m — CBN
    Mr Kofo-Abdulsalam Alada, the Director, Consumer Protection Department (CPD) of CBN, said this at a workshop for business editors and members of the Finance Correspondents Association of Nigeria (FICAN), on Thursday in Yola.
    Alada, represented by Mr. Tyoden Nanfwang of the CPD, said the refund from several banks arose from various financial related complaints.
    READ ALSO: CBN to increase banks’ loan to deposit ratio to 70%
    According to him, the refund is in line with the mandate of th
  • Vitol signs 10-year deal to buy Nigeria’s LNG from 2021

    Vitol signs 10-year deal to buy Nigeria’s LNG from 2021
    Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year, ramping up its long-term presence on the market.
    Commodity houses, including Vitol rivals Trafigura and Gunvor, are increasingly expanding their traded spot cargo volumes with multi-year LNG deals as a global push for cleaner energy helps the market grow and mature.
    ALSO READ: Africans will not need Visa to visit Nigeria in 2020 ― NIS
    “The agreemen
  • DMO in fresh campaigns for new foreign borrowings

    DMO in fresh campaigns for new foreign borrowings
    The Debt Management Office, DMO, has said that the planned borrowing of $22.7 billion is aimed at reducing total cost of Federal Government's debt in the long-run.
    Continue reading DMO in fresh campaigns for new foreign borrowings at Vanguard News.
  • Immigration Service rolls-out electronic passport

    Immigration Service rolls-out electronic passport
    The Nigerian Immigration Service (NIS), yesterday, rolled out the electronic Nigerian passport with options of 5 years and 10 years validity.
    Continue reading Immigration Service rolls-out electronic passport at Vanguard News.
  • NSE set to make Nigeria hub for home-grown technology

    NSE set to make Nigeria hub for home-grown  technology
    The Nigeria Society of Engineers (NSE) has said it is set to make Nigeria the hub of home-grown technology and industrialization in the nearest future.
    Continue reading NSE set to make Nigeria hub for home-growntechnology at Vanguard News.
  • NSE backs insurance industry recapitalisation

    NSE backs insurance industry recapitalisation
    In a bid to ensure that the insurance industry recapitalisation exercise is actualized, the Nigeria Stock Exchange (NSE) has said it would support insurance operators in their bid to meet the new capital requirement stipulated by the National Insurance Commission (NAICOM).
    The Chief Executive Officer, NSE, Oscar Onyema, gave the assurance at the NSE insurance sector forum organized by the NSE in collaboration with Coronation Merchant Bank and Cordros Capital in Lagos,.He described the insurance