Browsing: Business

It exchanged at N507 to the Pound from N500 it traded on Friday, while the naira exchanged for N385 to the Euro.
Pending the implementation of the flexible exchange rate policy by the Central Bank of Nigeria, the official rate remained at N197 to the dollar.

Jalal, who stated this in an interview with the News Agency of Nigeria in Abuja on Tuesday, said the figure represented 75 per cent of the estimated 100,000 new vehicles that made it into the market during the period

The News Agency of Nigeria reports that the market capitalisation, which opened for the week on N9.928 trillion, lost N428 billion or 4.3 per cent to close at N9.500 trillion

The report said the total value of Nigeria’s merchandise trade at the end of first quarter of 2016 stood at ₦2,723.9 billion

Hembe spoke at the House of Representatives’ public hearing investigating alleged malpractices in award of land in FCT to 25 companies under the Land Swap programme

The Minister of Power, Works and Housing, Babatunde Fashola, made the statement in Abuja on Tuesdaywhen he briefed the Senate Committees on Labour and Power during a public hearing on the new electricity tariff

According to the President, having an economic regulator at this critical time of economic downturn is imperative to encourage transparency in economic activities, enhance revenue generation and boost patronage of our seaports

Saraki, according to a statement in Abuja by his Chief Press Secretary, Sanni Onogu, disclosed this when the Executive Secretary of NEITI, Waziri Adio, led the management of the transparency body to present a copy of its 2013 Audit report to the Senate President

He added that it had become necessary to warn the nomads against grazing at night because they had been accused of committing all sorts of crime during the night.

Fayemi, who made this known in an interview with the News Agency of Nigeria in Abuja, said the collaboration was with a view to making the privatised enterprises functional

Dangote Group President, Alhaji Aliko Dangote, is expected as chairman at the two-day forum, organised by the National Assembly and would have the President of the Senate, Dr. Abubakar Bukola Saraki, and the House of Representatives’ Speaker, Yakubu Dogara, as hosts

The Chairman of the Committee, Alhaji Abubakar Husaini Moriki, who led other members of the committee on an oversight visit to the headquarters of the Industrial Training Fund on Tuesday in Jos, the Plateau State capital, lamented over the epileptic power supply in the country

He said based on current Federation Accounts Allocation Committee and Internally Generated Revenue levels, the state government can only afford repayment on a N10 billion facility, stressing that the government will access the second tranche of N10 billion as soon as its finances improve

He also said the issue of non-payment of salaries to local governments in the state would soon be a thing of the past.
He said: “We are working assiduously with our consultants to improve the IGR of the state.

“President Muhammadu Buhari has approved a high-powered commission to work on the issues around the ease of doing business in the country,” the Vice President announced while presiding over the first Quarterly Consultation between the Presidency and the Manufacturers Association of Nigeria on Friday afternoon

Buhari, who spoke on Monday with State House Correspondents over lunch, said: “Things were even more difficult during the budget, which you all know about

Isah explained that the Minister, who heads the Committee, in his speech recounted that AMCON was established by the Act of the National Assembly to prevent the collapse of the Nigerian banking sector following the banking crisis as a result of the Bank Consolidation Reforms in 2008

Gilbert told his audience that the company, in appreciation of the support it has received from travel agents in its 15 years of doing business in Nigeria, was poised to make the conduct of business as easy as possible for all Amadeus clients and that this was part of the reasons why the company moved its office to Ikoyi

The IYC maintained instead that once issue of resource ownership and control is addressed, communities and the people would naturally protect oil pipeline situated in their communities as critical stakeholders

Using traditional and social media advertising and other targeted activities, the 2016 campaign, christened #makethefuture, follows from the ‘Let’s Go’ outreach and seeks to promote advocacy and partnership for Bright Energy Ideas as part of Shell’s thought leadership on the Future of Energy