Archives Tag: news

News

April 19, 2022

The Central bank of Nigeria discloses banks with lowest and highest lending rates, and will subsequently do so every Wednesday in selected national newspapers and on the CBN website. ExxonMobil sells 60% equity stake in Mobil Oil Nigeria to NIPCO. The International Monetary Fund, IMF, predicts that Nigeria will return as Africa’s largest economy and … Continue reading Nigeria Today: Top 5 News Stories, Thursday, Oct 20, 2016

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News

April 19, 2022

Ken Saro Wiwa Jr dies at 47. Bosch Group to open a training centre in Nigeria by end of the year. FG announces plans to locate job centres in all local government areas by the end of March. Emirates and Kenya Airways suspend Abuja flight operations due to economic downturn and FOREX scarcity. Senate asks … Continue reading Nigeria Today: Top 5 News Stories, Wednesday, Oct 19, 2016

By ogo-eze

News

April 19, 2022

Federal Government to sign a $15 billion deal with India for crude purchases. The National Universities Commission (NUC), scraps pre-degree and diploma programmes in Nigerian universities. Banks reject naira for visa payment due to dollar scarcity and volatile FOREX market. Death toll in Jema’ah LGA, Kaduna in attacks by suspected Fulani herdsmen hit 40. EFCC … Continue reading Nigeria Today: Top 5 News Stories, Tuesday, Oct 18, 2016

By ogo-eze

News

April 19, 2022

  President Muhammadu Buhari returns from his three-day official visit to Germany.  21 Chibok Girls who were released from the captivity of the Boko Haram sect on Thursday, reunite with their parents. Reno Omokri appeals to the Emir and the Katsina Emirates Council over the marriage of 14-year-old Habiba Isa. The Central Bank of Nigeria … Continue reading Nigeria Today: Top 5 News Stories, Monday, Oct 17, 2016

By ogo-eze

News

April 19, 2022

The Federal Government has officially approved the payment of the N407 billion owed to fuel marketers, Reuters reports. Federal Minister of Finance, Kemi Adeosun, in a statement, cited that the payment was being made following a directive from President Muhammadu Buhari on immediate payment. The payment notably includes arrears in payment from 2014 as well … Continue reading FG Approves N407b Fuel Subsidy Claims

By ify

News

April 19, 2022

  President Buhari has expressed his stance against the highly controversial Social Media Draft Bill. This is in an effort to protect the right of free speech, an essential element of all democratic societies. According to Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, Buhari will not give his assent to any legislation … Continue reading Buhari Expresses Disapproval of Social Media Bill

By ify

News

April 19, 2022

According to The Nation, the Federal Government is set to to raise funds from international investors and the private sector next year in an effort to fund the Joint Venture Cash (JVC) call between the Nigerian National Petroleum Corporation (NNPC) and multinational oil companies operating in Nigeria. The Minister of State for Petroleum Resources, Dr. … Continue reading FG to Raise Investment Funds for Petroleum JVC

By ify

BUSINESS News

April 19, 2022

According to the Daily Post, telecoms company MTN has announced the resignation of its Nigerian Chief Executive Officer, Michael Ikpoki. This was announced this morning (Thursday) as cited in the news report. The resignation has taken place amidst the company’s current case of a $5.2 billion (R71 billion) fine imposed by the Nigerian Communications Commission (NCC) over … Continue reading MTN CEO, Michael Ikpoki, Resigns

By ify

News

April 19, 2022

The President of the Nigeria Labour Congress (NLC), Ayuba Wabba, has said a new minimum wage will be presented to the government in the near future, cited The Nation. This was announced at a conference of the Non Academic Staff Union (NASU). The five-year period previously set for the review of a minimum wage has … Continue reading NLC Set to Demand New Minimum Wage

By ify

News

April 19, 2022

According to The Nation, all investors in the Nigerian capital market will be credited directly with the net proceeds of stock market transactions commencing January 2, 2016. This was enacted by the Capital Market Committee (CMC), the umbrella body of all capital market stakeholders under the leadership of the Securities and Exchange Commission (SEC). During … Continue reading Investors to Receive Cash Payments from January 2

By ify

News

April 19, 2022

The Minister of Communications Technology, Adebayo Shittu said yesterday that President Muhammadu Buhari will have the final say on the fine given to telecoms company, MTN over the subscriber identity module (SIM) card infractions. The fine is the sum of N1.4trillion ($5.2billion). According to Shittu, the number of discovered pre-registered SIM cards discovered on the network … Continue reading Buhari to Decide on MTN’s Fate

By ify

Uncategorized

April 19, 2022

The Nigerian Communications Commission (NCC) announced on Monday that it would sanction MTN, Airtel and Globacom for going against its directive on automatic migration to Pay-As-You-Go data bundle. According to the Nation News, this was declared in its 2015 Third Quarter Compliance Monitoring and Enforcement Report. The sanction was centered on several complaints from subscribers on automatic migration … Continue reading NCC Set to Sanction MTN, Airtel and Glo Over Auto Service Data Migration

By ify

BUSINESS News

April 19, 2022

The 14th Intermodal Africa 2015 Exhibition and Conference will take place on Wednesday, 25 and Thursday, 26 November 2015 at Lagos Oriental Hotel, Lagos, Nigeria. The two-day conference programme will feature 30 world-class conference speakers addressing topical issues and challenges on global transportation and logistics attended by a gathering of 500 senior executive harbour masters, … Continue reading 14th Intermodial Africa Conference to Hold This Week

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Autos News Science & Technology

April 19, 2022

Global vehicle brand Peugeot has announced plans to return to Nigeria after the failed privatization attempts of Peugeot Automobile Nigeria Limited. The company’s Executive Vice President for Africa and the Middle-East, Mr. Jean-Christophe Quemard cited this on Thursday during a visit to see President Muhammadu Buhari at the State House. This was included in a … Continue reading Peugeot to Return to Nigeria

By ify

News

April 19, 2022

The Federal Government has announced its ban of the importation of small generators locally nicknamed “I better pass my neighbour”. The ban is reportedly being implemented in an effort to curb the issue of air pollution. “The smaller generators have been banned by the Federal Government because it is causing air pollution and destruction of … Continue reading FG Bans Importation of Small Generators

By ify