Browsing: Business

Saraki, who will be a guest at the summit on Tuesday, noted that the choice of theme puts the private sector group on the same page with the Senate, which has since last year identified the need to promote local manufacturers and service providers as champions of the efforts to revive the national economy

According to him, several reminders have been sent to the government on the issue but that no positive response to enable the agency to discharge its statutory obligations

He said that the interest-free loan offer of the IMF usually had conditions which needed to be scrutinised.
According to him, if there are no hidden catches, the country should take advantage of the attractive concessionary rates and long term repayment period.

Governor Abubakar Sani Bello said in Minna at the weekend that his administration was set to partner with Iran when he played host to the Iranian ambassador to Nigeria, Morteza Zorchi, in his office

The FSS report, posted on the CBN website on Saturday, also showed that the nation’s banks gave N1.537 trillion loans to oil companies and some state governments in the first six months of the year

He said President Muhammad Buhari was very supportive of the project of ensuring that government reached an agreement with the people through dialogue by ensuring that the old model which failed was restructured.

The network said it took its cue from the September 27, 2016 report of Premium Times, where the online newspaper reported a motion moved on the floor of the Upper Chamber of the National Assembly, the Senate, towards probing money laundering allegations against the Minister and MTN

“Redirecting spending to capital to create long term value, is tough in the short term but the long term benefits will be there for the future generation

According to him, the project is a combined effort of the Federal Government and the International Community to revive livelihood in the North East due to losses incurred as a result of the activities of insurgents

The statement further said that the absence of a liquid secondary market had, however, been a key concern for investors like pension funds and other institutional investors.

“Though the previous months were characterised by a lot of challenges that militated against the smooth collection of revenue in the command, it is heartwarming to note that efforts put in place to address the challenges yielded the expected result far above the preceding months.”

The Nigeria Customs Service has debunked the story making the rounds that it has lifted the ban on rice importation…

Kachukwu stated this at the 2016 Convocation of the Petroleum Training Institute, Effurun, Delta State on Saturday.
He said that there was no doubt that the country was passing through a difficult phase due to dwindling oil revenue but that Buhari was working hard to lay a sustainable foundation for the country

Yahyah had in recent months come under mounting pressures from his family to step down to enable him undergo a proper medicare

N26m registration scam: Students finger First Bank
The Students Representative Council of the Federal College of Education, Zaria, Kaduna State has accused the First Bank of Nigeria, Zaria main branch of involvement in the alleged diversion of N26 million students’ registration fees.
The bank has however dismissed the allegation as spurious, saying that it had no case to answer.
The News Agency of Nigeria reports that a total of 1,128 students of the college were affected by the disappearance of their registration fees.
Nathan Zakka, the Chairman of the students’ council, described the development as “disheartening” and appealed for thorough investigation to trace the missing money.
Zakka pleaded for patience and cooperation from the students as the union was liaising with relevant authorities to ensure the recovery of the registration fees from the bank.
He said: “We have briefed the National Association of Nigerian Students, Abuja and they are equally making arrangement to address the matter.
“We have also arranged with the college management through Bursary Department to help us verify all payments made through First Bank.
“This is because they are the operator of TSA who only have access to the Remita code for verification and as soon as the exercise is done, we will ensure that your money is recovered.”
According to Zakka, the affected students paid their money through the bank and possess duly certified stamped tellers and numbers.
Babatunde Lasaki, the Head of Corporate Affairs, First Bank, however, debunked the allegation in a telephone interview with NAN, blaming the affected students for their misfortune.
Lasaki said: “From the initial report sent to us after an investigation, it actually shows that there are thousands of students who paid their registration fees in the branch.”
Lasaki explained that it was when the students went to the college for validation that the problem was detected.
He said: “It was in the process of this validation they got to know that some of the students did not duly register.
“These affected students did not pay their money in the bank.
“They actually paid their money in cyber cafes, not in our branch.
“We understand that some of these cyber cafés encourage students to come and do all the registration with them instead of going to the bank.
“So in this situation, the bank has no case with the affected students.”
Lasaki added that the case had been reported to the police and expressed the hope that the matter would be thoroughly investigated to ensure justice to both parties.
On its part, the Kaduna State Police Command through its spokesperson, ASP Aliyu Usman, confirmed receipt of the case, promising that investigation into the matter was on.
NAN.

Governor Ambode, who expressed appreciation on the resolve of the investors to stay the course with the project, said the facility on completion would generate over 500,000 direct and indirect jobs

Adeosun made the call while briefing newsmen in Washington D.C on the outcome of a closed-door meeting of G-24 Finance Ministers and Central Bank Governors meeting on the sideline of the ongoing IMF/World Bank meeting

Nnubia said October 7 had been set aside since 2008 by the International Trade Union Confederation to address issues pertaining to job safety, security and welfare of workers’ across the world

Anga said: “It is a great feat for the association to have planted 250,000 cashew trees in five states this year, and this is toward achieving our 100 cashew plantations in five years

She said: “We have applied for is budget support facility from the World Bank and with the AfDB. AfDB is at the advanced stage and for the World Bank, we have submitted a letter of development policy. Hopefully we are going into negotiation as next steps here. ‎We are therefore on course with raising the concessionary financing we wanted