The CBN stated in a statement on Tuesday that Heritage Bank is not in distress and as such its depositors should go about their transactions without fear
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The Finance Ministry stated that staff of the Office of the Accountant General of the Federation have critically reviewed the accounting statements of these agencies, which include the Central Bank of Nigeria, Petroleum Technology Development Fund, National Agency for Food and Drug Administration and Control, Nigerian Television Authority and the Securities and Exchange Commission, among others.
Speaking with newsmen at the event, Barrister Ikechukwu Oliya, a customer of the bank, said: “My experience as a Union Bank customer has been very rewarding
“The test centre has huge potential to build and retain the much-needed welding capacity for the oil and gas industry,” said Osagie Okunbor, Country Chair, Shell Companies in Nigeria and Managing Director of The Shell petroleum Development of Company of Nigeria Limited, in an address at the commissioning of the centre read by General Manager, Nigerian Content Development, SPDC, Chiedu Oba
Kachikwu said: “Our vision is to move Nigeria beyond crude oil exports into value added activities in oil, namely refining and petrochemical industries
Baru said: “The Joint Venture cash call exit model we are pursuing guarantee government most of the revenue that normally accrues to it from the joint venture operations by lifting the royalty and tax oil upfront
Alhaji Tokunbo Korodo, the South-West Chairman of the union, made the declaration in an interview with the News Agency of Nigeria on Tuesday in Lagos
A recent BudgIT report had revealed that only Lagos, Rivers and Enugu States were the states in the federation that can meet their recurrent needs
Saraki’s comments were in response to repeated questions about his recent meetings with President Muhammadu Buhari and the Senate’s votes to return the President’s Medium Term Expenditure Framework and $29.9 billion loan request pending the submission of supporting documentation
The former President had at the 2016 Tony Elumelu Entrepreneurship Forum in Lagos ordered for made in Aba shoes through Governor Ikpeazu, who is also the Chief Marketing Officer of Made-in-Aba Goods
According to her, settling commercial disputes through the courts processes can be frustrating, tortuous and time consuming, necessitating the need for an effective mechanism for enforcing commercial obligations
He said the restructuring at the Federal Airports Authority of Nigeria was far from over, adding that the Nigeria Civil Aviation Authority and the Nigeria Airspace Management Agency were next
He expressed dismay over alleged disregard of the commission’s directives on mass disconnection of communities and high incidences of high estimated billing resulting from inadequate electricity metering of its customers
It said: “Communication and Restaurants and Hotels recorded the slowest pace of growth in October, growing at 5.7 per cent and 9.4 per cent year-on-year respectively
Speaking on Egbin’s post privatization achievements, Dallas Peavey, the Chief Executive Officer, said prior to the privatization of the plant in November 2013, Egbin averaged generation of below 300MW due to the dismal operational state of its six units and at its lowest point, only two of the six units were partially operational
Ojobo said that the 13 operators included: Airtel Network Limited, MTN Nigeria, Globacom Nigeria, Smile Communication, Visafone Communications, Ntel, Etisalat, Multi-Links, Starcomms, Danjay Telecoms, Gamjitel Limited, Megatech Engineering Limited and Gicell Wireless
A currency trader, who pleaded anonymity, said the situation might further erode the gains made by the Central Bank of Nigeria in ensuring the sale of the proceeds of Diaspora remittances to the Bureau De Change operators
The theme of the seminar, which was a continuation of the series of seminars being organised in Nigeria by the German Government, was: “Startups in Renewable Energy
Similarly, the market capitalisation shed N64 billion, declining to N8.945 trillion against N9.009 trillion posted on Friday as a result of profit taking
The Governor said this while declaring open Harmony Agriculture International Trade Fair 2016 in Ilorin, the state capital.