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FG releases N460 billion for 2018 budget

Udoma, Enelamah push economic recovery, growth agenda

Four hundred and sixty billion naira has been released for the implementation of the 2018 budget, the Minister of Budget and National Planning, Udoma Udo Udoma, has disclosed. A statement by Mr. Paul Ella Abechi, the Special Adviser on Media ...

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No financial inclusion without technology, skills, say CBN, others

CBN retains interest rate at 14%, decries rising external debts

The Central Bank of Nigeria (CBN) has said that the 80 per cent financial inclusion target set for 2020 cannot be achieved without investments in technology and requisite skills. Besides, the apex bank noted that financial inclusion must go beyond ...

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Stakeholders explore opportunities in gas industry

Stakeholders explore opportunities in gas industry

Nigerian Gas Association (NGA) has said investment opportunities in West Africa region will be in focus as key stakeholders in the gas sector converge at the international gas conference and exhibition next week in Abuja. President of the NGA, Dada ...

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ANLCA threaten to boycott CMA CGM over $400 surcharge

ANLCA threaten to boycott CMA CGM over $400 surcharge

Clearing agents under the aegis of Association of Nigerian Licensed Customs Agents (ANLCA) has threatened to shun the CMA CGM, a shipping giant, if it proceed with the proposed congestion surcharge of $400 (about N144,000) per container in Lagos ports. ...

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Deploying drones for maritime security

Deploying drones for maritime security

As the development of drone technology gathers momentum, and gets attention of the global maritime space, Nigeria is expected to join the pace which would help save billions of naira that could have been spent on physical combats. The technology, ...

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Overtime cargoes, congestion hobble Lagos ports

Collaboration: ‘A Big Ask’ For Nigerian Shipowners

Uneasy calm may have settled in the maritime sector over the unprecedented number of overtime cargoes in the Lagos seaports, which has resulted to loss of huge revenue and congestion. Cargoes are classified as overtime when they have stayed in ...

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Total affirms commitment to sustainable economic agenda

Total affirms commitment to sustainable economic agenda

To actively support nation-building efforts in line with the United Nations’ (UN) Sustainable Development Goals (SDGs), Total E&P Nigeria has reiterated its commitment to providing employment opportunities through capacity building, and ensuring sustainable economic growth. Total explained that such capacity-building ...

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African Circle unveils new trucks for waste management at ports

African Circle unveils new trucks for waste management at ports

In a bid to fulfil its mandate as contained in the agreement it signed with the Federal Government, the management of African Circle Pollution Management Limited (ACPML) has unveiled 16 new modern trucks. The trucks which are fitted with the ...

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FG begins payment of N22.6bn to defunct Nigeria Airways workers

FG begins payment of N22.6bn to defunct Nigeria Airways workers

The Federal Government will on Monday, October 15, 2018 begin the final verification and payment of entitlements to former workers of the defunct Nigeria Airways. According to a statement by Paul Abechi, the special adviser on media and communications to ...

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IMF warns Nigeria of debt crisis, urges diversification

IMF warns Nigeria of debt crisis, urges diversification

The International Monetary Fund (IMF) yesterday warned Nigeria and Sub-Saharan African economies to check rising levels of debts, diversify their revenue bases or face crisis. Nigeria’s debt profile was N22.3 trillion as at June 30, 2018. About two-thirds of the ...

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Nigeria’s Annual Petroleum Products Import Bill Now $11bn, Says Expert

Annually, Nigeria spends as much as $11 billion to import petrochemical related products such as petrol, diesel, and kerosene, amongst others, the Managing Director of United States-based Integrated Gas and Energy Services, Mr. Emmanuel Anyaeto, has disclosed. Speaking at the ...

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TCN Invests $170m to Upgrade Electricity Transmission in Abuja

The Transmission Company of Nigeria (TCN) has disclosed plan to invest about $170 million on the construction of five new transmission sub-stations in the Federal Capital Territory (FCT), Abuja. TCN’s Managing Director, Mr. Usman Gur Mohammed, made the disclosure at ...

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Nigeria’s Crude Oil Output Rises to 2.158mbpd

Nigeria’s Crude Oil Output Rises to 2.158mbpd

The Federal Ministry of Petroleum Resources has disclosed that Nigeria’s oil production, including condensates, in the month of September was 2.158 million barrels per day (mbpd). The ministry in its Periscope Newsletter had indicated that crude oil production, including condensates, ...

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MTN’s Shares up by 2% after CBN’s Hint on Fines Review

$8.1bn Repatriation: CBN, MTN Settle Out Of Court

MTN Group’s shares rose yesterday by 2.55 per cent in Johannesburg, South Africa, after the Central Bank of Nigeria (CBN) said it was considering reducing the $8.134 billion it fined the company in August, over alleged illegal repatriation of funds ...

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Osinbajo: 300,000 Market Women Benefited from N15.183bn Interest-free Loans

‘Why we are supporting MSMEs with various intervention schemes’

• Says spending N1tr on poor citizens will yield massive results The federal government yesterday in Abuja said it had given N15.183 billion interest-free loans to low income earners, including market women, artisans and farmers across the 36 states of the ...

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Nimilistic Nimi

Nimilistic Nimi

Mrs. Nimi Akinkugbe is the Founder/ Chief Executive Officer of Bestman Games Ltd, the African distributor of customized editions of Monopoly, Hasbro’s world famous game. Prior to this she enjoyed a successful banking career spanning 23 years first at Stanbic ...

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African Shippers’ Councils Converge To Boost Regional Trade

Several African Shippers’ Councils gathered in Abuja recently for a Sub-Regional workshop on port concession in West and Central Africa and MMS Pluslens was there to fetch you the photographs. Enjoy it:

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Operators fault government’s infrastructure financing involvement

Operators fault government’s infrastructure financing involvement

CIS pledges advocacy role to boost bourse Capital market operators have faulted government’s level of financial involvement in the provision of critical infrastructure, urging them to focus more on the formulation and implementation of policies that will impact positively on ...

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FG Gives over N4m as Start-up Fund to 17 Innovators at Edo Innovation Hub

FG Gives over N4m as Start-up Fund to 17 Innovators at Edo Innovation Hub

The federal government has given out over four million naira as start-up seed fund to 17 young innovators under the Social Investment Programme at the South-South Innovation Hub in Benin City, the Edo State capital. Speaking at the event, the ...

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NCC Vows to Protect Telecom Consumers

NCC Vows to Protect Telecom Consumers

The Executive Vice Chairman, Nigerian Communications Commission(NCC) Professor Umar Garba Dantatta has said the commission will continue to serve as a feedback mechanism for telecom consumers so as to avoid being exploited by service providers He also said the gesture ...

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