Banks can deepen round-tripping with latest CBN forex policy—Expert
Whereas many analysts have welcomed the latest monetary policy of the Central bank of Nigeria (CBN) which now presents money deposit banks (MDBs) with the opportunity of giving out or holding back foreign exchange as they may dim it, leading…
Using only N41bn for National Housing Programme in 2017 very abysmal—Developer
A major housing supplier in Lagos, Chief Williams Achebe has described the budgeted N41bn for this year’s National Housing Programme as very abysmal considering the jumping housing deficit hobbling the country. In an interview, he said “Housing will continue to…
Reduce agencies operating in ports to 4, not 6 for efficiency, importer tells FG
Leading importer and chairman of Standard Group, Chief Maurice Bada has called on the federal government to reduce the number of agencies operating in the nation’s ports to only four from more than eight they are now. He said the…
FG to build $38m Nigeria/Cameroun Border Bridge at Ekok-Nfu, Cross River
Relying on the prevailing African Development Bank (AfDB) support for improving relationship between Cameroun and Nigeria stemming from the post the International Court of Justice (ICJ) judgment over Bakassi, the Federal Executive Council (FEC), Wednesday approved the construction of a…
Nigeria trailing India as nations with poor access to electricity—W/bank
New World Bank report has revealed that Nigeria is second to India on the list of countries with the highest electricity access deficit. Whereas the deficit is for about 75 million people in Nigeria, it was 263 million persons in…
Total Nigeria putting structures to hit 100% customer service
Total Nigeria Plc has announced readiness to fix structures that will effect a 100 per cent quality customer service delivery in Nigeria. Speaking at this year’s National Nigoscars Competition in Lagos, the Managing Director of the company, Mr. Jean Philipe-Torres…
Gas infrastructure development to gulp $28bn—SPE
Council chairman of the Society of Petroleum Engineer (SPE) Nigeria, Mr. Saka Matemilola has disclosed that Nigeria is in need of well over $28bn to deliver the goal of producing 3million cubic feet of liquefied gas per day. Making the…
UNESCO officials in Nigeria today to amass support for Lake Chad revival
Efforts of the bordering countries to the ‘drying’ Lake Chad, including Nigeria, Chad, Niger and Cameroon may get boost as Edouard Matako, the Assistant Directors General for Africa and Natural Science, UNESCO, will be in Nigeria today, February 23 to…
Nigerians doubting our emerging status of being largest producers of rice—Ogbeh
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has lampooned some Nigerians casting doubts on Nigeria emerging as a world power in rice production by 2018, saying “We have attained the level”. Ogbeh said that the states that…
Arewa Trading Company Ltd, 38,716 deregistered by CAC for breach of annual returns
The supposed lead investment group of Northern Nigeria socio cultural body, Arewa Consultative Forum (ACF), Arewa Trading Company Limited (RC: 70539) was among the delisted 38,717 companies by the management of the Corporate Affairs Commission (CAC). Besides, contrary to new…
