Nigeria Air has not been killed – Sirika

Nigeria Air has not been killed – Sirika

Chris Steven, Abuja The Minister of State, Aviation, Hadi Sirika has clarified that the suspension of the national carrier (Nigeria Air) project was not the end of the project. Sirika in a statement issued in Abuja on Tuesday also corrected insinuation that the suspension was as a result of lack of investors. According to the […]

Depositors’ fund with Skye Bank are safe- Emefiele

Depositors’ fund with Skye Bank are safe- Emefiele

Chris Steven, Abuja The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has allayed fears of depositors who have funds with the Skye Bank, saying that their funds were in safe custody. Emefiele stated this Friday after announcing the revocation of the operational licence of the bank. He also announced that Polaris Bank has […]

Experts call for improved coverage of digital rights in the media

Experts call for improved coverage of digital rights in the media

Chris Steven, Abuja Digital Rights experts have called on media practitioners across Africa to focus media attention on digital rights violations on the continent. The experts made this call while speaking at the induction ceremony for the 2018 Digital Rights and Inclusion Fellows in Lagos at the headquarters of Paradigm Initiative. Speaking at the induction, […]

Forex: CBN injects $303m, CNY 46.58m into retail SMIS

Forex: CBN injects $303m, CNY 46.58m into retail SMIS

Chris Steven, Abuja The Central Bank of Nigeria (CBN), has injected the sum $303.91 million into the inter-bank retail Secondary Market Intervention Sales. This is in addition to the sale of CNY 46.58 million in the spot and short-tenured forwards. The figures obtained from the CBN on Friday, showed that the US dollar-denominated interventions were […]

CBN unveils guidelines for long-term credit to agric, manufacturing

CBN unveils guidelines for long-term credit to agric, manufacturing

Chris Steven, Abuja   The Central Bank of Nigeria (CBN) has underscored its intention to increase the flow of credit to the real sector of the economy, in order to consolidate and sustain the nation’s economic recovery.  The CBN Monetary Policy Committee (MPC), at its 119thmeeting held on July 23 and 24, 2018, introduced its revised […]

STL trustees explains enforcement of court judgment on Awoyaya land

STL trustees explains enforcement of court judgment on Awoyaya land

STL Trustees has explained that the July 24 and 25, 2018 execution of the judgement on the property measuring 200.184 hectares situated at Awoyaya Area, along the Lekki-Epe Expressway, Ibeju-Lekki Local Government Area of Lagos State, was in compliance with the Judgments of the Courts obtained in Suit Nos. LD/1911/04 and LD/420LMW/2015. STL through its […]

Constituents raise eyebrow as senator releases hoarded MDG materials

Constituents raise eyebrow as senator releases hoarded MDG materials

Eyebrows are being raised in Kogi East as Senator Atai Aidoko releases hoarded motocycles and other materials ahead of the 2019 elections. The materials, including Keke Napep, sewing machines and grinding machines were originally meant for the empowerment of people in the Kogi East senatorial district under the Millennium Development Goals (MDG) but were cornered […]

Mark Zuckerberg dropped from world’s third richest to sixth in the latest ranking

Mark Zuckerberg dropped from world’s third richest to sixth in the latest ranking

Mark Zuckerberg loses $17.6bn, plunges to world’s sixth-richest As Facebook stock plunged over 20 percent in after-hours trading on Wednesday following a disappointing earnings report, CEO Mark Zuckerberg lost $17.6bn in net worth. The 34-year-old Facebook billionaire, who had been worth as much as $86.5bn when Facebook stock traded at an all-time high earlier in […]

Huge Economic Gains As Cement Producer CCNN Merge With BUA Cement Kalambiana

Huge Economic Gains As Cement Producer CCNN Merge With BUA Cement Kalambiana

The Board of Directors of Nigeria’s Cement Company of Northern Nigeria (“CCNN”), and owners of the 500,000 metric tonnes per annum Sokoto Cement Plant, announces that it has informed the Nigerian Stock Exchange of its proposed merger (“Proposed Merger”) with the BUA Cement owned Kalambaina Cement Company Ltd (“Kalambaina Cement”) – owners and operators of […]

Zenith Insurance records N12.5bn gross premium written, pays N6.7bn claims

Zenith Insurance records N12.5bn gross premium written, pays N6.7bn claims

Zenith Insurance recorded a gross premium written of N12.5 billion during its financial year ended De. 31, 2017. It represents a 12 per cent increase over the N11.116 billion recorded in 2016 The company’s financial statements, which were approved by the National Insurance Commission (NAICOM) on April 20, 2018, also Indicated that its net assets […]

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