No place for corruption in NDIC- Ibrahim

The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation, NDIC, Alhaji Umaru Ibrahim, has said the corporation has imbibed zero tolerance for corruption and all forms of malpractices.

Ibrahim stated this in Abuja during the inauguration of four members of the corpo [...]

Mon, 11 November 2019

Julius Berger eulogises late Mobolaji Johnson

The Managing Director of Julius Berger Nigeria Plc, Dr Lars Richter, has paid glowing tribute to the late Chairman of the company, Brig. Gen. Mobolaji Johnson.

Richter, in an emotional speech at a dinner to commemorate the 16th Julius Berger Invitational Golf tournament held at the IBB Golf and [...]

Mon, 11 November 2019

MSMEs clinics strengthen one-stop shop businesses- Katagum

The Minister of State for Industry, Trade and Investment, Mrs Mariam Katagum, has said the micro small and medium enterprises, MSMEs, clinic organised by the current administration has strengthened one- stop shop businesses across the country.

Katagum disclosed this at the 25th edition of the N [...]

Mon, 11 November 2019

NNPC moves to address hiccups at Ijegun-Egba

Respite may soon come the way of commuters at the Ijegun-Egba axis of Lagos State following a move by the Nigerian National Petroleum Corporation, NNPC, to address infrastructural challenges that have perennially hampered products evacuation from the area.

Group Managing Director of the corpora [...]

Mon, 11 November 2019

NNPC saves over $3bn from arbitrations

The Nigerian National Petroleum Corporation, NNPC, has said it saved over $3 billion from arbitrations.

Group Managing Director of NNPC, Mallam Mele Kyari, disclosed this in Abuja when he engaged staff of the corporation in a town hall meeting, a statement from the corporation said.

Kyar [...]

Mon, 11 November 2019

Nigeria loses $42bn to oil thieves in 10 years

The Nigeria Extractive Industries Transparency Initiative, NEITI, has put the value of volumes of crude oil and refined products stolen from Nigeria in the last 10 years at $41.9 billion.

NEITI said the theft occurred between 2009 and 2018 with the value of stolen crude put at $38.5 billion whi [...]

Mon, 11 November 2019

SON urges Nigerians to always demand for quality

The Standard Organisation of Nigeria, SON, has urged Nigerians to promote self-regulation and demand for quality at all times.

Speaking at the 2019 celebration of World Standards Day in Abuja, the Director General of SON, Mr Osita Aboloma, also called for concerted efforts to improve the life o [...]

Sun, 03 November 2019

CBN spent over N113.5bn on banknotes in 2017, 2018

Over N113.5 billion was spent by the Central Bank of Nigeria, CBN, to print naira notes in 2017 and 2018.

A report recently released by the Currency Operations Department of the apex bank indicates that CBN spent N49.52 billion in 2017 and N64.04 billion in 2018 respectively, making a total of [...]

Sun, 03 November 2019


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