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NDIC COMMENCES PAYMENT of N16.18 BILLION LIQUIDATION DIVIDENDS TO DEPOSITORS AND OTHER STAKEHOLDERS OF 20 BANKS IN-LIQUIDATION

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  Following impressive recoveries from debtors and realisation of assets of banks in liquidation, the Nigeria Deposit Insurance Corporation (NDIC) has announced declaration of N16.18...
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Business

OGFZA SEEKS COLLABORATION WITH RIVER STATE GOVERNMENT ON JOB CREATION

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The Managing Director and Chief Executive Officer of the Oil and Gas Free Zones Authority, OGFZA, Sen. Tijjani Y. Kaura, is seeking collaboration with...
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Business

CUSTOMS DESTROY N12.8bn CONTRABAND IN LAGOS

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The Nigeria Customs Service, has destroyed 96 containers of various illicit and expired drugs worth N12.8bn in Lagos State. Addressing journalists in the Epe area...
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Business

RAIL TRANSPORT PASSENGERS DECLINED BY 53.65% IN Q1 2023

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The National Bureau of Statistics has disclosed that rail transportation passengers declined by 53.65 per cent from 953,099 in the first quarter of 2022...
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Business

CUSTOMS INTERCEPT OVER 100 SMUGGLED SUVS, OTHER VEHICLES.

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The Nigeria Customs Service, says it has intercepted over 100 exotic vehicles, including various models of Sport Utility Vehicles, adding that 38 of them...
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Business

NNPCL ISSUES DIRECTIVE TO MARKETERS ON REFUND, NEW PRICE

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  The Nigerian National Petroleum Company Limited has issued a fresh circular to oil marketers on how much they will pay to get petroleum products. This...
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Business

NMDPRA RAISE ALARM OVER ILLEGAL PETROLEUM LIFTING.

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  The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has raised an alarm over the illegal petroleum lifting operations taking place at Bonny River...
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Business

A TOTAL OF 95,045 PARTICIPANTS HAVE CONTRIBUTED N436 MILLION UNDER THE MICRO PENSION PLAN (MPP)- PENCOM DG

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  The National Pension Commission (PenCom) has revealed that a total of 95,045 participants have contributed N436 million under the Micro Pension Plan (MPP) as...
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Business

EMEFIELE, NOW IN DSS CUSTODY – DSS

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The Department of State Services (DSS) has   confirmed that Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN) is now in...
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Business

DSS DENIES ARREST OF GOVERNOR OF CENTRAL BANK GODWIN EMEFIELE.

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The Department of State Services (DSS) has confirmed that Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), is not in their...
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Business

BREAKING: PRESIDENT TINUBU SUSPENDS EMEFIELE FROM OFFICE AS CENTRAL BANK GOVERNOR

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President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. This is sequel to the ongoing...
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Business

TELECOMS SECTOR CONTRIBUTES N2.508tr TO NIGERIA’S GDP

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  Information Services sector in Nigeria, in the first quarter of 2023, contributed N2.508 trillion, in terms of financial value contribution to the nation’s Gross...
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PHARMA PUSH FOR LOCAL PRODUCTION

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  A leading global biopharmaceutical executive, Henrietta Ukwu, has sounded the alarm over Nigeria’s growing dependence on imported medicines, describing the country’s estimated 70 percent...
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INVESTORS SHOW INTEREST IN TOLLING TINUBU’S LEGACY ROAD PROJECTS — UMAHI

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  The Federal Government has signed agreements for eight major road projects across the country as part of President Bola Ahmed Tinubu’s infrastructure renewal agenda. Speaking...
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FG SIGNS MAJOR ROAD CONTRACTS TO BOOST CONNECTIVITY, ECONOMIC GROWTH — UMAHI

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  The Federal Government, through the Federal Ministry of Works, has signed contract agreements with four construction firms for major road projects across the country...
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NEPZA BOSS RE-ELECTED TO WFZO BOARD IN PANAMA

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    Nigeria’s rising profile in the global Special Economic Zones ecosystem has received another major boost as the Managing Director of the Nigeria Export Processing...
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