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Police destroy illegal refineries with more than 30 pits in Edo

The Police in Edo State on Friday destroyed illegal refineries with more than 30 pits in Egonu community in Agbede, near Auchi. Led by the Commissioner of Police, Mr Babatunde Kokumo, the police team first inspected the various refining camps...

Senate urges Immigration to enforce law on expatriate quota

The Senate Committee on Local Content on Friday decried the “unnecessary depletion of the nation’s foreign reserves’’ through engagement of expatriates. The Chairman of the committee, Senator Solomon Adeola, made the remark during an oversight visit to the headquarters of...

Accion MFB opens new branch in Aba, promises better deals

The Managing Director,Accion Microfinance Bank, Mr. Taiwo Joda,has promised that the bank would provide cheaper funds in Aba to help residents grow their businesses. Joda made the promise at Ariaria Market in Aba during the opening of the bank’s first...

NCS collects N2.1b in Niger

The Niger State Area Command of the Nigeria Customs Service (NCS), collected N2.1 billion revenue from January to October, the area comptroller, Benjamin Binga, has said. Binga made this disclosure this Minna on Friday.“Our revenue target for the year is...

Customs arrests truck conveying N17m worth of clothing materials

The Nigerian Customs Service (NCS) has arrested a truck conveying 340 bales of clothing materials worth N17 million in Sokoto State, an official has said. NCS Controller in-charge of Kebbi/Sokoto/Zamfara Command, Mr Nasir Ahmad, made the development known to newsmen...

NDDC to reposition Niger Delta through ICT devt

 The Niger Delta Development Commission (NDDC) has reiterated its commitment to re-position the region through the development of Information Communication Technology (ICT). The Chairman, Governing Board of NDDC, Sen. Victor Ndoma-Egba (SAN) said this when the Managing Director of the...

SON issues 25 MANCAP certificates to 13 firms in Anambra

The Standard Organisation of Nigeria (SON) on Friday issued 13 Mandatory Conformity Assessment Programme (MANCAP) certificates to 13 manufacturing firms in Anambra for 25 products. The Coordinator of SON in Anambra, Mrs Nwaoma Olujie, who presented the certificates to the...

Corruption fight brings respect to Nigeria-Buhari

President Muhammadu Buhari has said the ongoing fight against corruption has started yielding fruitful results as Nigeria is now a respected nation in the world. The President stated this on Thursday at the public presentation of a book titled; Making...

Ghana budgets $13.9b in 2018

The Ghanaian government plans to spend 13.9 billion dollars (62 billion Ghana cedis) in the 2018 fiscal year, the country’s finance minister said on Wednesday. Presenting the government’s fiscal policy to parliament, Kenneth Ofori-Atta, said the budget, with the theme...

Inflation rate: Financial experts task CBN to stabilise Forex market

Some financial experts on Thursday called on the Central Bank of Nigeria (CBN) to continue to stabilise the foreign exchange market to achieve a single digit inflation figure. They made the call in Lagos while reacting to the October inflation...

Economist urges FG to reduce interest rates to 12%

An Economist, Dr. Bongo Adi, has advised the Federal Government to reduce interest rates from 14 per cent to 12 per cent, to stimulate growth in the real sector. Adi, a Senior Lecturer at the Lagos Business School (LBS), made...

Osinbajo to declare open Africa Industrialisation Day on Monday

Vice-President Yemi Osinbajo is to declare open the 2017 Africa Industrialisation Day (AID) in Abuja. This was made known in Abuja on Thursday in a statement issued by the organised labour under the auspices of the Industrial Global Union (IGU). Africa’s...

Adedipe expresses optimism Nigeria’s GDP will grow in 2018

An economist, Dr Biodun Adedipe on Thursday expressed optimism that the nation’s Gross Domestic Product (GDP) would grow by 3.05 per cent in 2018 with sustained ongoing government reforms. Adedipe, founder B. Adedipe Associates Limited( management and financial consultants firm)...

West African group calls for enhanced synergy among member states

Director-General, Inter governmental Action Group Against Money Laundering in West Africa (GIABA), Col. Adama Coulibaly, has urged member countries to enhance collaboration in the fight against money laundering. Coulibaly made the call at the opening of the group’s 28th Technical...

Average price for petrol, kerosene, gas increases in October- NBS

The National Bureau of Statistics (NBS) said the average price paid by consumers for Premium Motor Spirit (Petro) increased by 0.1 per cent year-on-year and 1.0 per cent month-on-month in October. According to a report obtained from the NBS website...

Savannah Petroleum eyes 63% interest in Seven Energy

Savannah Petroleum PLC on Wednesday said it has entered a lock up agreement regarding the acquisition of Nigerian oil and gas assets of Seven Energy International Limited. The transaction will see Savannah take a 40 per cent interest in the...

900 traders benefit from Enugu N45m empowerment grants in 1 year

No fewer than 900 traders have benefitted from the Enugu State Government’s ongoing empowerment grant to market traders to boost their trade in the state in the last one year. The Commissioner for Commerce and Industry, Mr. Sam Ogbu-Nwobodo, disclosed...

Revenue: Customs collects N163m in October–Official

The Niger State Area Command of the Nigeria Customs Service (NCS), on Wednesday said that it had collected N163 million as revenue in October. The Area Comptroller of Customs, MrBinga Benjamin, made this disclosure in Minna.He implored residents of the...

2018 Budget: LCCI calls for equitable sharing of N118.98b agric allocation

The Lagos Chamber of Commerce and Industry (LCCI) has called for an equitable distribution of the N118.98 billion allocated to agriculture and rural development in the proposed 2018 budget. Chairman of LCCI’s Agric Group, Mr. Adeola Elliot, made the call...

Kaduna reviews Agric Investment Plan to attract investors

Kaduna State Agriculture Core Delivery Team (CDT) is reviewing the State Agricultural Investment Plan to attract local and direct foreign investment to the sector. The CDT in its November report indicated that the review would target information on priority crops...

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Buhari’s achievements laudable in spite inheriting empty purse

The Minister of Information and Culture, Alhaji Lai Mohammed said President Muhammadu Buhari’s administration recorded laudable achievements, in spite of terrible economic downturn and...