Business

Katagum tasks UNESCO on ICT for women

Nigeria’s Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum, has called on the United Nations Education, Scientific and Culture Organisation, UNESCO, to support empowerment of Nigerian women in Information, Communication and Technology, ICT, and vocational skills.

[...]

Sat, 21 September 2019


FG approves N8.2bn for road projects

The Federal Government has approved N8.2billion for the completion of road projects in four geopolitical zones of the country.

Minister of Works and Housing, Mr Babatunde Fashola, stated this in Abuja at the end of the Federal Executive Council, FEC, meeting, last Wednesday.

Fashola said [...]

Sat, 21 September 2019


First Bank provides N5bn grants to schools

First Bank of Nigeria has introduced a financial package which provided N5 billion disbursements to schools across the country in 2019 alone, to tackle educational facility and administrative needs.

E-business and Retail Products Executive at First Bank, Chuma Ezirim, said in a statement issued [...]

Sat, 21 September 2019


FG, states, LGAs share N740.880b for August

The Federal Account Allocation Committee, FAAC, has disbursed the sum of N740.880 billion to the three tiers of government as federal allocation for the month of August 2019.

FAAC made the disbursements at a meeting it held in Abuja last Thursday, a statement from the Director of Information, F [...]

Sat, 21 September 2019


NSE puts domestic, FPI at N121b in August

Nigeria’s Domestic and Foreign Portfolio Investment, FPI, grew to N121.99 billion, representing 7.5 percent, in August 2019, from N113.47 billion in July 2019.

The Nigerian Stock Exchange, NSE, made the announcement last Wednesday, stating that in August 2018, the performance of domestic [...]

Sat, 21 September 2019


FG retains $55 benchmark for 2020 budget

The global spike in crude oil prices, following attacks on oil facilities of the Kingdom of Saudi Arabia, would not attract a review of the $55 per barrel benchmark earmarked for the 2020 annual budget, the Federal Government has said.

Minister of Finance, Budget and National Planning, Mrs. Zai [...]

Sat, 21 September 2019


OLMOLM 25 to add 35, 000 barrels crude oil production

Nigeria’s crude oil production is expected to add 35,000 barrels per day as the protracted dispute between Shell Petroleum Development Company, SPDC, Belema Oil and host communities in OML 25 has been resolved.

Following the resolution of the dispute in a rapprochement brokered by the NNP [...]

Fri, 20 September 2019


Centenary City, others get one year ultimatum to activate zones

Owners of the Centenary City Abuja, and those of the Abuja Technology Village, have been given a year within which to take-off implementation of their centres or stand the risk of having their licenses revoked.

This is as the Nigeria Exports Processing Zones Authority, NEPZA, said it will be re [...]

Fri, 13 September 2019


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