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Month: May 2017

Britain supports power sector reform in Nigeria

The British government has said the British Government would support power sector reform in Nigeria. British High Commissioner to Nigeria, Mr Paul Arkwright, stated this on  in Abuja during a courtesy visit to Mr Babatunde Fashola, the Minister of Power, Works and Housing. He said that the visit was to identify areas of collaboration with […]

Stock Exchange honours Stanbic IBTC Chairman

The Nigerian Stock Exchange on Tuesday has closed the Gong Ceremony in honour of former Chairman of Stanbic IBTC Holdings, Mr. Atedo Peterside. Mr. Peterside announced his resignation from the board of the bank with effect on March 31, 2017, after serving for 10 years. Peterside served the bank as the Chief Executive Officer of […]

NNPC commences off-loading of petroleum products at Kano depot

The Nigeria National Petroleum Corporation, NNPC, has begun off-loading petroleum products at its depot located in the Hotoro area of the ancient city after decades of abandonment due to acts of pipeline vandalism. The products are being pumped from Kaduna to Kano through the repaired pipelines. With the repairs, the company had been able to […]

Telecoms sector adds N15trn to GDP

Nigeria’s telecommunications sector contributed over N15 trillion to the country’s Gross Domestic Product (GDP) since the liberalisation of the sector, according to the Nigerian Communications Commission (NCC). The Executive Vice-Chairman of NCC, Prof. Umar Danbatta, made the disclosure at an interactive session with newsmen in Lagos. Danbatta said the sector’s contribution to the GDP increased […]

NNPC to resume oil prospecting in Lake Chad

The Nigerian National Petroleum Corporation (NNPC) says it will resume oil prospecting in the Lake Chad Basin of Borno. The Group Managing Director of NNPC, Dr Maikanti Baru, disclosed this when he visited Gov. Kashim Shettima at the Government House in Maiduguri, Borno state. Baru was represented at the occasion by the NNPC Chief Operations Officer, who […]

Cyber-attack: NITDA tasks Nigerians on system protection

The National Information Technology Development Agency (NITDA) has urged Ministries, Departments and Agencies (MDAs) to protect their systems against cyber attacks. Mr Isa Ibrahim, the Director-General of the agency said this in a statement issued in Abuja. Ibrahim said the call had become imperative following a trending cyber-attack “Ransomeware”, that had crippled the functionality of […]

NPA budgets N4.3Bn on roads to Apapa Port

The Nigerian Ports Authority (NPA) said it would raise N4.3 billion to reconstruct access roads around Apapa Port as port operators withdrew services over poor infrastructure. The Managing Director of NPA, Ms Hadiza Usman, told a stakeholders’ meeting in Lagos that NPA would provide N1.8 billion, while Dangote Group and Flour Mills would provide N2.5 […]

Ebola: Federal government calls for calm

The Nigerian Minister of Health, Prof. Isaac Adewole, has called on Nigerians not to panic, as the Federal Government remains committed to ensuring that the Ebola virus is not brought into the country. The Minister states this on Monday, while inspecting thermal screening machines at the Port Health Stand of the Nnamdi Azikwe International Airport, […]

Meningitis kills 8 in Kaduna – Health Commissioner

The Kaduna State Government says it has recorded eight deaths since the outbreak of Cerebro Spinal Meningitis (CSM) was reported in parts of the country in January.The state Commissioner for Health and Human Services, Dr Paul Dogo, confirmed this when he spoke with newsmen in Kaduna. Dogo said that the state had recorded the eight […]

FOREX: We’ll continue to intervene in inter-bank market –CBN

Amaka Obiefuna Nigeria’s Central Bank (CBN) has reaffirmed that it will continue to intervene in the inter-bank market. The CBN said it is determined to ensure that the gains made by it in recent times, with regards to the stability of the exchange rate, are not eroded. While disclosing that the Bank did not make […]

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