CBN Refute Claims Of Decline In FDI,Say Nigeria Attracts $10.65bn

Following claims by online media platforms that Nigeria experienced a decrease of over 40 per cent in Foreign Direct Investment (FDI) in 2018, the apex bank through it Director, Corporate Communication Department of the Central Bank of Nigeria (CBN), Mr Isaac Okoroafor, has refuted the claims.

2019 Elections: INEC Offers Automatic Employment To Corps Members

The Independent National Electoral Commission (INEC) on Monday said it will offer automatic employment to National Youth Service Corps (NYSC) corps members who distinguished themselves during the 2019 general election.

NNPC Makes N174.62bn From Petroleum Products Sales

The Nigerian National Petroleum Corporation (NNPC) says it has recorded N174.62billion from sales of white products in March 2019. The information is contained, in the corporation’s Monthly Financial and Operations Report (MFOR) for March 2019.

Ondo community signs pact with IPP

Respite may be becoming the way of residents of Aboto community in Ilaje Local Government Area of Ondo State as it has sealed an agreement with R.R. Reynolds, an Independent Power Provider, on billing terms and prompt payment. The pact was sealed during a town hall meeting in Aboto on Thursday.

Emefiele Sworn In For Second Tenure

Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), was yesterday sworn in for a second tenure. According to a statement by the Director Corporate Communications, Mr Isaac Okoroafor, Emefiele was sworn in by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs Alice Karau.

Blacklist Firms Importing Palm Oil, Buhari Orders CBN

As part of efforts to ensure the growth of small and medium scale enterprises in the country, President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist any firm, its owner and top management caught smuggling or dumping any of the restricted 43 items into the country. The directive was disclosed by the apex bank Governor, Mr Godwin Emefiele on Friday in Abuja during a meeting with oil palm producers.

AMCON To Opt For Alternative Debt Recovery Plan

The Asset Management Corporation of Nigeria (AMCON) will be deploying superior methods like out-of-court settlements to recover over N5 trillion worth of debt. This was after a panel of judges led by Justice I.N. Buba urged the corporation to opt for the Alternative Dispute Resolution (ADR) during the 2019 Annual Seminar for External Solicitors and Asset Management Partners (AMPs) of AMCON, at Sheraton Hotel, Abuja.

100m Nigerians out of poverty soon - Buhari

President Buhari on Wednesday while presenting a speech during the nation's maiden democracy day noted that his administration was perfecting plans to take over one hundred (100) million Nigerians out of poverty in 10 years. He noted that his administration would ensure rapid and positive growth in the economy to move Nigeria away from poverty.

Rivers State Governor, Nyesom Wike, has given roadside mechanics, roadside car dealers, street traders and private taxi park operators one month to vacate the streets of Port Harcourt. According to Punch, the Governor issued the directive while speaking with the mechanics, street traders and others at the Government House, Port Harcourt on Friday.

PENGASSAN: Buhari Mourns Late Johnson

President Muhammadu Buhari on Friday 31st May 2019 expressed deep sadness over the death of the President of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Francis Johnson.
In a statement by President Buhari's Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, said the President joined members of PENGASSAN and all labour unions in the country in mourning the visionary leader, whose good nature, understanding and forthrightness helped in improving the welfare of workers, and contributed immensely to the stability witnessed in the oil sector.

More Articles ...