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Monthly Archives: October 2016

*Dangote Women’s Network Career Mapping & Financial Competence Development Workshop held in Lagos on 27th October, 2016

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Anxiety as Reps summon Ali for allegedly paying unlicensed brokerage firms N250m

Ali, Customs boss

The House of Representatives Committee on Insurance has summoned the Comptroller General of Nigeria Customs Service (NCS), Col. Hameed Ibrahim Ali (rtd) for allegedly paying over N250 million to unlicensed brokerage firms. The House Committee on Insurance led by Adekunle Akinlade Abdulkabir probing allegations of wrongdoings between insurance outfits and ministries, departments and agencies (MDAs) of government from 2013 to ...

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NCC working to reach unserved, underserved with telecoms service

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has said the commission recognizes the importance of covering the unserved and underserved with telecoms services across the country. To get the unserved population, NCC has said it is designing programmes to provide telecommunication access to rural communities. Danbatta made this disclosure while speaking on the sidelines ...

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DStv adds more varieties, contents effective tomorrow


The General Manager, Marketing, MultiChoice Nigeria, Mr. Martin Mabutho has once again maintained that the group will continue to give value to its customers in Nigeria. Speaking during a press briefing in Lagos to announce the addition of varieties and quality on DStv, he said the target is to ensure great family entertainment for everyone at the most affordable price. ...

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Anxiety as Senator rejects online registration for N500bn intervention fund

Nigerian Senate

For fear of a possible scheme-out, Senator Ali Ndume, representing Borno South at the National Assembly has rejected the proposal that Nigerians wishing to benefit from the N500bn social intervention fund must register online. His argument was very simple: that using internet registration for the programme would deprive many qualified Nigerians from benefiting because computer; literacy is only pronounced in ...

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FG plans to buy additional satellites for NigComSat at $550m – Shittu

Whereas many Nigerians are yet to understand the true status of the existing satellites owned by NigComSat after the unexplainable disappearance of one some years ago, indication emerged weekend that the Federal Government plans to purchase two additional satellites for Nigeria Communication Satellite at the cost of $550 million. The Minister of Communications, Adebayo Shittu, disclosed while speaking with newsmen ...

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Prices to flare up as manufacturers lose confidence in CBN’s forex policy

Emefiele CBN

Indications have emerged that that considering the failure of the CBN’s directive that 60 per cent of the forex supply in the system go to the manufacturing sector had failed, manufacturers are forced to turn back to the killer black market operators. The implications according to experts will be jump in inflationary trends in the economy as prices of goods ...

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Drama as OBJ places order for size 42 of Made-in-Aba shoes

As a way of deepening local content drive and support for buying Nigeria, former President, Olusegun Obasanjo weekend placed an order through the Chief Marketing Officer of Made-in-Aba Product and Governor of Abia State, Dr. Okezie Ikpeazu, during the 2016 Tony Elumelu Entrepreneurship Forum in Lagos. Responding, the Abia State Governor stated that Aba remains the Small and Medium Enterprises ...

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Recession drives 9% crash in passenger traffic in Airports—NBS


The recession trailing the nation’s economy is not isolating any sector as latest report from the National Bureau of Statistics (NBS) has shown that the aviation sector recorded a decline of nine per cent in activities in the second quarter of this year. The NBS in its report on the aviation sector explained that the numbers of travellers, aircraft, cargo ...

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Over 100m adults live below poverty line in Nigeria—-Dangote


The President of Dangote Group, Alhaji Aliko Dangote, has decried the galloping number of Nigerians joining poverty bracket on a daily basis. In his lead paper presented at the Executive Course No. 38, 2016 of the National Institute for Policy and Strategic Studies, Kuru, near Jos, Plateau State, the industrialists decried the fact that over 100 million Nigerians out of ...

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