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NDDC steps up food sufficiency drive, set to raise delivery of Rice mills in Rivers, A’Ibom

Rice Mill

Indication has emerged that several Rice mills in Rivers, Akwa Ibom will soon get facelift from the Niger Delta Development Commission (NDDC). The NDDC Managing Director, of the agency, Mr Nsima Ekere, disclosed after inspecting the 180 tonnes per day facility at Elele Alimini that several other mills in both Rivers and Mbiabet-Ikpe in Akwa Ibom States will be upgraded ...

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SunTrust Bank debunks non-payment of NASS workers’ salaries

SunTrust Logo

SunTrust Bank has debunked the claim that the bank failed to pay some staff of the National Assembly who protested non-payment of their salaries on Tuesday. It would be recalled that the protest by legislative aides was triggered by the death of Hassan Abiodun, an aide to the Deputy Speaker, Yusuf Suleiman as they blamed the death on non-payment of ...

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Ambode gives out N740m for host communities’, N698m for facilities at LFTZ

LFTZ 22

As part of new drive for more investors at the emerging Lekki Free Zone Development Company (LFZDC), Lagos State Government has released about N740.461 million had been given as compensation to host communities comprising Yegunda and Abomiti as well as Lekki-Epe International Airport Zone. This coming as the Commissioner for Commerce, Industry and Co-operatives, Prince Rotimi Ogunleye, disclosed in an ...

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Wait until court rules on e-auction suit before you start, NAA warns Customs

Customs Ali 33

Indications have emerged that the planned resumption of e-auction of seized and condemned goods from July 1, this year by the Nigerian Customs Service (NCS) may amount to contempt of court, contrary to Rule of Law and blatant abuse of court processes. Whereas the matter is pending in a court of competent jurisdiction, the NCS went ahead to not only ...

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CBN, banks, MAN, others to discuss high interest rates at Senate panel today

Nigerian Senate

Following the first shot fired by Senate President, Dr. Bukola Saraki during an interactive session with journalists in his country home recently, all is set for the Senate Committee on Banking, Insurance and Other Financial Institutions to seat in a panel today with the Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC) and commercial banks to review the ...

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Osinbajo may sign 2017 budget before this week’s FEC meeting—-Dogara

Acting president, Prof Yemi

A strong indication has emerged that all is set for the Acting President, Prof Yemi Osinbajo to assent to the 2017 Appropriation Bill into law possibly before or during this week’s Federal Executive Council (FEC) meeting on Wednesday. National Assembly had passed the N7.441tn budget after its harmonization by both chambers. It would be recalled that the document had been ...

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Report indicts NESREA, Customs in e-waste imports, control

Ewaste Alaba

Basel Convention Coordinating Centre for the African Region (BCCC-Africa), has released a new report showing that Nigeria is the highest importer of electronic waste in sub-Saharan Africa followed by Ghana. The International Basel Convention is meant to regulate and control the movement of hazardous waste from developed to developing countries – but it has been difficult to enforce the convention ...

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Lafarge explains reasons behind N140 bn rights issue proposal

Lafarge-Africa-Plc

Lafarge Africa Plc has revealed three strategic reasons behind its quest for N140 billion rights issue proposed by the company’s directors, saying it would position the firm for future expansion exercise, assist in reducing debt profile, and further deepen cash flow. Chairman of the company, Bolaji Balogun, who gave the details to shareholders’ during a recent investors forum held in ...

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How litigation frustrated House inquiry on $17bn undeclared crude involving IOCs CEOs

nass complex

Deadlock can best be described as proceedings at the House of Representatives ad hoc Committee investigating $17 billion undeclared proceeds of crude oil and liquefied gas sales between 2011 and 2014 at the national Assembly yesterday. The Committee had invited Chief Executive Officers (CEOs) of Shell Petroleum Development Company (SPDC) and the Nigerian Agip Oil Company (NAOC) for explanation, but ...

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Nigerian Customs to resume e-auction from July 1, warns against fraudsters

Customs Ali 33

After months of postponements, the Nigerian Customs Service (NCS) has announced that its electronic auction of seizures will begin from July 1, 2017. But before now and since the mention of changing from physical bargaining auction model to e-auction, online fraudsters has been circulating messages about the proposed auction of seized items even with flashes of pictures of goods and ...

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