Browsing: Business

Totally Concrete West Africa will introduce new cement, concrete and construction technologies from more than eight countries worldwide, including Austria, Italy, India, Lebanon, Turkey and South Africa, to the local West African construction marketplace

The breakdown shows that education got N82.11 billion or 16.6 per cent as against N77.42 billion or 15. 81 per cent recorded in 2014

The CBN Governor, who was represented by his Special Adviser on Development and Finance, Paul Nduka Eluowe, while affirming the belief that the policies had raised the state to a higher pedestal, spoke at the official ceremony for the disbursement of N2 billion CBN Micro, Small and Medium Scale Enterprises Development Fund and the distribution of the second batch of 22 mini-buses, held at the Nelson Mandela Freedom Park in Osogbo

The Nigeria Customs Service, which said this on Monday in Lagos, however, said it would commence to facilitate the release of perishable goods to their importers

However, MURIC, in a statement by its Director, Prof. Ishaq Akintola, alleged the insertion of a Jewish symbol into the new currency, demanding explanation from the Federal Government

They spoke in separate interviews with the News Agency of Nigeria in Lagos.
NAN reports that NERC had on November 20 said consumers would pay more for electricity from December 1 when the new price of gas for generating power would take effect

The Eagle Online has gathered that critical highlights of the meeting are likely going to be the retention of Monetary Policy Rate at 12 per cent, leaving the +/-200 basis points corridor

At the Bureau De Change, otherwise known as the parallel market, the Naira depreciated by N4 to sell for N181.5 against the dollar, from the N177.5 it sold on Monday

The vehicles, which are a mix of locally produced Corolla and Hilux models, will be used by Toyota Nigeria Limited in partnership with a local university to train budding engineers

Speaking during a two-day training organised by the Chevron Branch of PENGASSAN in Lagos, the Branch Chairman, Comrade Frank Esanubi, said that the collaboration will enable both workers and managements to fashion out ways to deal with the challenges that accompany the free fall in oil prices

Addressing State House correspondents after the monthly NEC meeting in Abuja, the Deputy Governor of Lagos State, Adejoke Adefulure, said the Minister of State for Finance, Alhaji Bashir Yuguda, briefed the council on the state of the nation’s excess crude account

The News Agency of Nigeria reports that the securities are 91, 182 and 364-day treasury bills

According to Forbes, Elumelu, a Nigerian investor and founder of African investment firm, Heirs Holdings, joins the rich list with a net worth of $1 billion

This was stated in letter sent to the National Assembly by President Goodluck Jonathan who hinged the reversal on recent developments in the international oil market, which necessitated that the Medium Term Expenditure Framework be revised

The HIIC, which was established in 2004, advises the Federal Government on matters pertaining to Nigeria’s economic development, making the Nigerian economy more competitive globally and attracting greater direct foreign investment to boost domestic industrial growth and job creation

The Ministers of Power, Petroleum Resources, Group Managing Director of Nigerian National Petroleum Corporation, the Central Bank of Nigeria and the Nigeria Electricity Regulatory Commission signed on behalf of the Federal Government

Aganga, at the opening of a two-day D8 SME Governmental Bodies meeting in Abuja, also said that MSMEs accounted for 75 per cent of current national employment figure

She said that based on the World Bank‘s projection then, the country needed about 170,000 mega watts for its population, compared to its present 3,000 mega watts

Yuguda made this known in Abuja when he briefed newsmen on the outcome of the Federation Accounts Allocation Committee meeting

The bank said the circulation of the banknote, unveiled by President Goodluck Jonathan on November 12, would be preceded by the launch of “Partnership Programme aimed at Banknote Equipment Manufacturers and other Machine Suppliers” on Wednesday