Speaking at an interactive session with newsmen on Friday, Minister of Finance, Kemi Adeousn, said the Federal Government was set to release N60 billion for capital projects to stimulate the economy. She said that contractors had been paid to return to work, adding that very soon Nigerians would begin to see the impact of the […]
Continue ReadingThe U.S. Secretary of State, John Kerry, is expected in Nigeria on Aug. 23 to discuss U.S. cooperation with Nigeria over Boko Haram, economy and human rights issues. A statement issued by the Information Office of the Embassy of the U.S. on Friday in Abuja, said Kerry would hold meetings with President Muhammadu Buhari and […]
Continue ReadingErstwhile President of Nigeria, Goodluck Jonathan, has again furiously denied allegations of connection with the Niger Delta Avengers, rather claiming that the allegation was being sponsored by those who were intimidated by his rising profile in Nigeria and abroad. In a statement by his spokesman, Mr. Ikechukwu Eze, on Thursday, he said, “It is sad […]
Continue ReadingThe Central Bank of Nigeria (CBN) has defended the liquidity position of Skye Bank Plc, saying the lender is neither distressed nor liquidated. In a statement, its Acting Director, Corporate Communications, Isaac Okorafor, said the regulator was drawn to the content of a message urging customers of Skye Bank to withdraw their deposits or transfer […]
Continue ReadingArmed robbers reportedly attacked a convoy of bullion vans belonging to the Central Bank of Nigeria, CBN, at Hawan Kibo, along Jos – Abuja road on Tuesday, killing two policemen in the process. It was gathered that the bullion vans and their convoy of armed mobile police escorts had left Jos in the early hours […]
Continue ReadingSpeaking to Richard Quest on CNN’s Quest Means Business on Monday night, Ibe Kachikwu, minister of state for petroleum resources, responded to a question suggesting that the military was leaving the northeast for the Niger Delta to guide pipelines, which means “the oil is better than the human”. Kachikwu in his answer, says the recovery […]
Continue ReadingThe Federal Government on Friday signed a Memorandum of Understanding (MoU) with China Railway Construction Corporation (CRCC) on the construction of Warri-Ajaokuta-Itakpe-Baro-Abuja railway line. The Minister of Transportation, Mr Rotimi Amaechi, signed the agreement on behalf of the Federal Government while Chen Xiao Xing, Vice President of CRCC, signed for the company in Abuja. Amaechi […]
Continue ReadingThe Honurable Minister of Labour and Employment, Senator Chris Ngige, has re-affirmed that the Federal Government will not tolerate flagrant disobedient of the nation’s labour laws and regulations by financial institutions operating in the country.Ngige disclosed this today during an interactive meeting with stakeholders in the banking and finance sector on labour issues especially the […]
Continue Reading(NAN) The United Kingdom has launched super priority visa service in Nigeria to allow customers to process their applications within 24 hours. In a statement posted on its website, the British high commission said the new service was brought up to particularly meet the needs of those requiring urgent traveling service. The statement said Paul […]
Continue ReadingThe Nigerian Railway Corporation (NRC) on Tuesday said that no fewer than 400 bidders were competing to participate in its capital projects for 2016.“The bidders are bidding for alternative revenue streams like canteens, clubs and car parks, communication centres and others; the disposal of scrap metals and other capital projects.’’ Ben Iloanusi, the Deputy Director […]
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