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Obasanjo made the plea during a courtesy visit by the management of NIPCO Plc to his Hilltop Estate in Abeokuta, Ogun State on the need by the the Federal Government to promote use of CNG as a vehicular fuel

This was contained in a statement issued by Emeka Ezeh, the EEDC Head of Communications, and issued to newsmen on Sunday in Enugu.
Ezeh said the EEDC had awarded contract to three companies to procure the smart meters

The arrival of the aircraft brings the number of airplanes on the airline’s fleet to six, while the new aircraft was immediately deployed for its Accra, Ghana operations

An exclusive report by the Economic Confidential, an intelligence economic magazine, disclosed that the total figure was payment made to the two tiers of government between June 2015 and May 2016 at the monthly meeting of the Federation Account Allocation Committee

The signing, which was part of the Ningbo Major Investment Projects Signing Ceremony organized by the Ningbo Municipal People’s Government, involved a total of $3.7 billion worth of investments in 31 projects, out of which $1.4 billion was for outbound investments with the Kwara Chitex Industrial Park being the only Nigerian bound

Besides, Udovichenko said Russia was to assist Nigeria to overcome its current challenges in other sectors of the economy, especially oil and gas

The currency, however, weakened further against the Pound Sterling and the Euro as it exchanged for N515 and N405 respectively

ECOWAS had fixed January 2015 for the implementation of the common currency project in West Africa, but was later shifted to 2020 because member states were not able to satisfy criteria for it

This amount includes the “goodwill” payment of N50 billion earlier made by MTN to the government

An earlier attack on Agip’s crude export pipeline compelled the oil firm to shut down production of 65,000 barrels of crude daily from the facility.
A new militant group, the Niger Delta Avengers, had, in an online statement from its Twitter handle, claimed responsibility for the incident

Also, market capitalisation, which opened at N9.370 trillion, dropped N17 billion or 0.19 per cent to close at N9.353 trillion.

Lawal then directed the Managing Director of the company, James Olotu, to handover immediately to Chiedu Ugbo, who had been appointed as acting Managing Director of the company

Speaking during the occasion, the state Governor, Dr. Abdullahi Umar Ganduje, represented by his deputy, Prof. Hafiz Abubakar, explained that the administration is investing in the development of skills, talents and entrepreneurship of women and youths so as to address unemployment, which is one of the biggest challenges of the state

The day-long event, organised by Standard Chartered Bank, was aimed at updating holders of the Federal Government’s existing international bonds on recent developments in the country and the near term economic outlook, as well as developing a greater understanding of the government’s economic strategy amongst the global investment community

While saying that this year’s budget is a departure from the previous ones because of the importance his Administration attaches to infrastructural development of the entire Federal Capital Territory, the Minister disclosed that N2,400,000,000 has been set aside for debt servicing

Other members of the committee present at the briefing were the Director, Banking Supervision, CBN, Tokunbo Martins; Managing Director, United Bank for Africa Plc, Phillips Odouza; and Managing Director, Union Bank of Nigeria Plc, Emeka Emuwa

Already, Governor Ahmed has held talks with key investors in textile, agribusiness and allied business and is expected to sign a multimillion dollar deal for the establishment of a major industry in the state

The Governor, during his presentation at the launch of the National Home Grown School Feeding programme strategy at the State House Banquet Hall, Aso Rock Villa, Abuja,‎ held that well fed children will most likely be more successful in life than the hungry and malnourished ones

On crude oil sale for the month under review, it said that NNPC recorded export sale of $289.36 million, adding that the sales were made in March, while the collection was made in April 2016

The News Agency of Nigeria reports that the All-Share Index grew by 186.66 points or 0.69 per cent to close at 27,284.84 compared with 27,098.18 achieved on Wednesday following price growth