• MAN Diesel & Turbo To Install Compressors, Turbines For Dangote Refinery

    With a double-digit million dollar order volume, Germany-based MAN Diesel & Turbo will deliver two compressor trains to Dangote Oil Refining Company. Dangote Corporation is currently building Africa’s largest refinery in the Lekki Free Trade Zone of Lagos State, investing a total of around $12 billion. “This one we are ...

  • Police Promotes 28,627 Rank And File

    The Nigeria Police has promoted 28,627 rank and files to their next rank. According to a statement by the Force public relations officer, CSP Jimoh Moshood, the promotion is in line with measures to boost the morale of the Police personnel towards an effective and efficient service delivery to the ...

  • Banks Seek Customers To Buy Surplus Forex

    Commercial banks are now seeking customers to buy the surplus foreign currencies they have after the Central Bank of Nigeria (CBN) continually flooded the market with foreign exchange. It would be recalled that in an effort to support and shore-up the value of Naira, the CBN resolved to flood commercial ...

  • Fertiliser Production: FG Initiative Saves N60b for 2017-FEPSAN

    The President, Fertiliser Producers and Suppliers Association of Nigeria (FEBSAN), Thomas Etuh has said the Presidential Fertiliser Initiative has eliminated subsidy on fertiliser by saving at least N60billion in budgetary Provisions in fertiliser supply for 2017. He also said the initiative “would boost foreign exchange savings of $200 million by ...

  • Nigeria: 500 Startups Stages Event to Expose Nigeria's Investment Opportunities

    [Guardian] Determined to expose the investment opportunities in Nigeria, 500 Startups, in partnership with Ingressive and African Technology Foundation, is to host the inaugural Africa's edition of 'Geeks on a Plane' programme in Lagos, the Nigerian economic capital, from the 20th-23rd of this month.

  • Vehicle duty: Senate insists on Ali’s appearance in Customs uniform

    Leke Baiyewu, Abuja The Senate has said it will not engage the Comptroller General, Nigeria Customs Service, Col. Hameed Ali (retd.) in a war of words. The legislature insisted that Ali must answer its summons on Wednesday by appearing before it. The Chairman, Senate Committee on Media and Public Affairs, ...

  • CBN to inject more dollars into forex market

    Ifeanyi Onuba, Abuja The Central Bank of Nigeria will this week inject more dollars into the foreign exchange market as part of efforts to improve the level of liquidity in the interbank market. The Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, confirmed the plan to release more dollars ...

  • Buhari resumes today, NLC, groups, others set target

    John Alechenu, Fidelis Soriwei, Olalekan Adetayo, Friday Olokor and Olaleye  Aluko As President Muhammadu Buhari resumes duty on Monday (today), Nigeria Labour Congress and other eminent groups have set a target for the President on what should be his focus. Besides the NLC, organisations and personalities, who spoke in separate ...

  • Police promote 44 officers to DSP

    Etim Ekpimah, Uyo The Nigeria Police Force, Akwa Ibom State Command, has promoted 44 assistant superintendents of police to the rank of deputy superintendents of police. The Commissioner of Police in the state, Mr. Donald Awunah, said on Friday that promotion was aimed at motivating officers. According to him, the ...

  • SERAP demands re-instatement of sacked whistle-blower

    Adelani Adepegba, Abuja The Socio-Economic Rights and Accountability Project has sent an open letter to the Minister of Foreign Affairs, Geoffrey Onyeama, requesting him to facilitate the re-instatement of a worker sacked for reportedly exposing an alleged fraud in the ministry. It said  Ntia Thompson was sacked through a post ...

  • Customs policy on vehicle import duty immoral – NLC

    Fidelis Soriwei, Abuja The Nigeria Labour Congress has condemned in strong terms the recent policy of the Nigeria Customs Service to compel vehicle owners to pay outstanding customs duties on their vehicles between March 13, 2017 and April 12, 2017 It described the policy as unrealistic, callous and immoral. The ...

  • NDLEA accuses man of swallowing 935g of cocaine

    Ramon Oladimeji The National Drug Law Enforcement Agency on Friday brought one David Achebe before the Federal High Court in Lagos for allegedly trafficking in 935 grammes of cocaine. The agency claimed that Achebe swallowed the illicit substance and was arrested on December 21, 2016, at the Murtala Muhammed Airport, ...

  • We prefer trade partnership with US, not aid –Kogi gov

    Gbenga Odogun, Lokoja The Kogi State Governor, Alhaji Yahaya Bello, has called on the United States of America to view Kogi State as a trade partner and an investment basket rather than an aid-seeking state. The governor said this in Lokoja on Sunday when he received in audience, the United ...

  • Banks seek buyers as CBN floods market with forex

    Banks  are awash with dollars, as the Central Bank of Nigeria (CBN) continues to support the naira. The banks have cleared the backlog of requests for foreign currencies for basic travel allowance, school fees and medicals. A banker told NAN that his bank had so much dollars that its marketers ...

  • NECA seeks full implementation of economic growth plan

    Nigeria Employers Consultative Association (NECA) has urged the Federal Government to ensure full implementation of the Economic Recovery and Growth Plan (ERGP). NECA’s President,  Larry Ettah,  said ERGP will provide some assurance to domestic and foreign stakeholders on the policy direction of the Federal Government for the economy, adding that ...

  • Fed Govt removes NTDC D-G

    •15 senior officials demoted after irregular promotion  The Federal Government has removed the Acting Director-General of the Nigerian Tourism Development Corporation (NTDC), Mrs. Mariel Rae-Omoh. It has appointed Dr. Paul Adalikwu as the new acting D-G pending the appointment of a new helmsmen. Also, 15 senior officials, who were arbitrarily promoted ...

  • CBN Set To Inject More Dollars Into Forex Market

    There are strong indications that the Central Bank of Nigeria (CBN) is unrelenting in its move to ensure liquidity in the interbank FOREX market, as signal from the bank shouwed it will inject more foreign exchange into market early this week. The information about the action of the apex bank, ...

  • SERAP demands re-instatement of sacked worker

    Adelani Adepegba, Abuja The Socio-Economic Rights and Accountability Project has sent an open letter to the Minister of Foreign Affairs, Geoffrey Onyeama requesting him to facilitate the re-instatement of a worker sacked for reportedly exposing an alleged fraud in the ministry. It said  Ntia Thompson was sacked through a post ...

  • ‘CBN will sustain dollar intervention’

    Chief Executive Officer, Economic Associates, Mr. Ayo Teriba, says he is optimistic that the Central Bank of Nigeria will be able to sustain its intervention on the foreign exchange market. Teriba told the News Agency of Nigeria on Sunday in Abuja that increase in oil production and high oil prices ...

  • NDLEA accuses man of swallowing 935g of cocaine

    Ramon Oladimeji The National Drug Law Enforcement Agency on Friday took one David Achebe before the Federal High Court in Lagos for allegedly trafficking in 935 grammes of cocaine. The agency claimed that Achebe swallowed the illicit substance and was arrested on December 21, 2016 at the Murtala Muhammed Airport, ...

  • NLC opposes new directive on custom duty on old vehicles

    Mr Ayuba Wabba, President of the Nigeria Labour Congress (NLC) on Sunday in Abuja opposed the new directive on custom duty on old vehicles by the Nigeria Custom Service. Wabba, in a letter to the Comptroller General of Customs, Hameed Ali, stated that the directive was not realistic. He said ...