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Ambode Inspects Dangote Industrial Jetty, Other Projects

Lagos State Governor, Mr Akinwunmi Ambode on Sunday inspected the ongoing projects in the Lekki Free Trade Zone, saying the massive investments being jointly made in the axis by government and the private sector was targeted at making Lagos emerge as the next destination for business in Africa. Governor Ambode, who inspected the progress of work alongside cabinet members, billionaire ...

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SPDC JV spends N14.85bn on GMoUs in Rivers

A total of N14.86 billion has been invested by the Shell Petroleum Development Company of Nigeria Ltd (SPDC) operated Joint venture on Global Memorandum of Understanding (GMoU) clusters in Rivers State, giving communities a highly-valued opportunity to decide and implement projects and programmes that have a lasting impact on people’s lives. The funding, since the GMoU concept took off in ...

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41 items still banned under Nigeria-China currency swap deal – CBN

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The Central Bank of Nigeria (CBN) said the Nigeria-China currency swap deal would not cover the importation of the 41 items banned in its 2015 circular on items not valid for foreign exchange. CBN’s acting Director, Corporate Communications, Mr Isaac Okorafor, made this known in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. According to ...

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CIBN swears in Olowu as 20th president

Dr Uche Olowu has been sworn as the 20th president of the Chartered Institute of Bankers of Nigeria (CIBN) and Chairman of its Council. t Olowu took over the leadership of the CIBN on Saturday in Lagos from Prof. Segun Ajibola to oversee affairs of the Institute for the next two years. Olowu is expected to bring his knowledge to ...

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CBN Lifts Retail SMIS with $293m

ABUJA – The Central Bank of Nigeria (CBN) on Friday, May 18, 2018 lifted the Retail Secondary Market Intervention Sales (SMIS) of the inter-bank Foreign Exchange Market with the sum of $293m. A statement from the Bank’s Acting Director, Corporate Communications Department, Mr. Isaac Okorafor, confirming the figures, indicated that the sum, as in previous interventions, were in favour of ...

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Naira depreciates against dollar at parallel market

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The Naira on Friday depreciated against the dollar at the parallel market in Lagos The Nigerian currency lost one point to exchange at N363, weaker than N362 posted on Thursday, while the Pound Sterling and the Euro closed at N496 and N429, respectively. At the Bureau De Change segment, the naira closed at N361.50 to the dollar, while it exchanged ...

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UBA Innovates with another first ‘UBA Learn’ targeted at empowering students 

The pan-African Financial Institution, United Bank for Africa(UBA) has introduced a unique and innovative product, called ‘UBA Learn’ targeted at helping students achieve all round academic success. The Product, an online Learning Platform for students powered by Roducate, was launched yesterday, May 17, 2018 with particular emphasis on helping students within the age range of 5-16years and 17-24 attain academic ...

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Norway, Nigeria trade volume close to $40bn

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Norwegian Ambassador to Nigeria, Jen-Peter Kjemprud, says trade volume between Norway and Nigeria is between 30 and 40 billion dollars. Kjemprud, in an interview with newsmen in Abuja on Friday, said the relationship between the two countries was cordial. “The volume of trade between the two countries is so difficult to say because most of the trade is being done ...

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Governors ask NNPC, 15 other Agencies to refund N526bn, $21bn

The National Economic Council (NEC) comprising the 36 state governors has confirmed that the N526 billion and 21 billion dollars was under-paid to the federation account by some Federal Government revenue generating agencies between 2010 and 2015. Governor Ibrahim Dankwambo of Gombe state made the disclosure while briefing State House correspondents after the meeting of the Council, which was presided ...

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Anambra begins enforcement of ban on street trading

The Anambra Government has commenced enforcement of the ban on street trading in  urban and semi urban areas of  the state. The enforcement started with the pulling down of what it called illegal structures creating obstruction  to human and vehicular movement. Speaking with journalists  in Awka on Thursday,  the State Commissioner for Environment, Mr Mike Okonkwo, warned that defaulters were ...

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