Home / 2020 / March / 17

Daily Archives: March 17, 2020

SON, Alaba Electronics Association Set Joint Taskforce To Regulate Standards

SON, Alaba Electronics Association Set Joint Taskforce To Regulate Standards

By Kenneth Jukpor As part of efforts to ensure compliance to standards by dealers in electronics in Alaba International market, Standards Organization of Nigeria (SON) and the International Market Association Electronics (IMAE), Alaba, have set up a joint taskforce. The ...

Read More »

Customs Reverse Ban On Barge Operations At Seaports

Border closure: Customs make 697 arrests, N7.4bn seizures

By Kenneth Jukpor The Comptroller General of Nigeria Customs Service (NCS), Col. Hameed Ali (rtd.) has agreed to reverse his earlier decision to stop the use of barges to evacuate cargoes from the seaports. An industry stakeholder who preferred annoynmity ...

Read More »

Oshiomhole: Buhari shifts NEC meeting as APC govs engage in shouting match

Oshiomhole: Buhari shifts NEC meeting as APC govs engage in shouting match

• Appeal Court lifts embattled chairman’s suspension • Court gives Giadom go-ahead to become acting chair The Court of Appeal in Abuja on Monday lifted the suspension of Adams Oshiomhole as the National Chairman of the All Progressives Congress. Before ...

Read More »

Airlines risk collapse, seek bail-out funds over covid-19 losses

Airlines risk collapse, seek bail-out funds over covid-19 losses

• Air France-KLM rally €1.1 billion credit facility Major carriers are now at risk of collapse over disruption in-flight services and regional restrictions on account of the coronavirus disease or covid-19 spread. The impact was felt harder by the airlines ...

Read More »

Selloff persists in equities market as index plunges further by 0.12%

Selloff persists in equities market as index plunges further by 0.12%

Despite price gains that outweighed losses, the Nigerian equities market reopened the week on a downturn, causing the All-Share index (ASI) to plummet further by 0.12 per cent. Specifically, at the close of trading yesterday, the ASI fell by 28.16 ...

Read More »

CBN slashes special interest rate to 5%, directs banks to restructure loan terms

CBN slashes special interest rate to 5%, directs banks to restructure loan terms

The Central Bank of Nigeria (CBN) has disclosed that the interest rates on all applicable apex bank’s intervention facilities have been reduced from 9% to 5% per annum for 1 year effective March 1, 2020. This was disclosed by the CBN ...

Read More »
× Get News Alert