Category Archives: Local News

Afreximbank, ADB to provide grants to support African factoring firms

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The African Export-Import Bank (Afreximbank) has entered into an agreement with the African Development Bank to provide it with a $500,000 grant from its African Private Sector Assistance (FAPA) programme to be used in supporting emerging factoring firms in Africa The Agreement, signed at the Afreximbank Annual Meetings and 25th Anniversary Celebrations  is aimed at upgrading […]

Nigeria to participate effectively in the IATF

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Vice President Yemi Osinbajo has assured the continent  that Nigeria will participate effectively in the up-coming 2018 Intra-Africa Trade Fair (IATF) scheduled to hold in Cairo, Egypt. The Vice President gave the assurance at the IATF engagement session organised in collaboration with the Nigeria Export Promotion Council (NEPC) on Monday in Abuja. Osinbajo, represented by […]

Abacha loot: Labour backs Buhari on cash transfer to ‘poor people’

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Labour has expressed support for President Muhammadu Buhari’s decision to pay the  recovered $322 million Abacha loot as cash transfer to poor homes through Conditional Cash Transfers (CCT). National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) General Secretary,  Comrade Issa Aremu frowned at the call by the National Assembly on the executive […]

Nigeria spends over N120b on sugar importation

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Nigeria imported over 750,000 metric tons of raw sugar worth over N120billion in the first six months, it was learnt in Lagos at the weekend. The sugar came  through the Lagos Port Complex (LPC) and the Tin-can Island ports at the global price of $555 per ton. It was also found that the latest imports […]

Govt evaluates bids for N72b power equipment procurement

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The Federal Government is evaluating bids from investors  who want to participate in the procurement and installation of the N72billion power equipment for generation of 2,000 megawatts (Mw), Power, Works and Housing Minister has said. Speaking in Abuja, Fashola expressed  the government’s commitment to investing the huge cash in the deal. He said as 40 […]

FIRS: tax revenue hits N2.52tr in six months

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The Federal Inland Revenue Service (FIRS) has announced that it realised N2.52 trillion from various taxes from January to June 2018. The amount showed that the Service had realised 75 per cent of its total target for the year, which is an improvement over what was realised in the corresponding period in 2017. A report […]

NIA makes N153m from data uploads

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The Nigerian Insurers Association (NIA) recorded N153.10 million from data uploads in the Nigerian Insurance Industry Database (NIID) last year,  its Director-General, Mrs Yetunde Ilori has said. Mrs Ilori stated that interest accrued on the NIID accounts was N3.06 million while disbursement stood at N102.07 million; transfer to the association’s account, N43.40 million, while the […]

CBN survey shows 12-month interest rates rise

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The Central Bank of Nigeria (CBN) has released the second quarter 2018 Inflation Attitudes Survey, which showed that interest rates had risen in the last 12 months by 0.8 points to 32.4 points. The first quarter figure stood at 31.6 points. The survey, conducted from May 19 to June 7, 2018 through a sample size of 2070 […]

Heritage Bank to boost SMEs growth via Support for The Next Titan Season-5.

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Head, Brand and Marketing Hygin HNO, Mr. Ahmed Adeyanju; Divisional Head, Corporate Communications, Heritage Bank, Mr. Fela Ibidapo; Executive Producer, The Next TITAN, Mr. Mide Kunle-Akinlaja; Corporate Affairs Manager, SIFAX Group, Mr. Olumuyiwa Akande and Corporate Communications Manager, Air Peace Airlines, Mr. Chris Iwarah, during the press conference for the commencement of The Season Five of The Next TITAN.

Heritage Bank Plc says strategies are in place to boost capacity development of small medium enterprises in the country via the sponsorship of the annual entrepreneurial reality show, The Next Titan, as the season five of the programme kicks off. Fela Ibidapo, Divisional Head, Corporate Communications, Heritage Bank, made the declaration on yesterday, during the […]

Western Marine Command Attributes Improved Half Year Result To New Anti-Smuggling Strategies

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Sarkin Kebbi

The western marine command of the Nigeria Customs Service (NCS) has revealed unprecedented seizures with a total DPV value of Forty Eight Million, Eight Hundred and Fifty Four Thousand, Four Hundred and Sixty Eight Naira, Twenty Eight Kobo only. (N48, 854,68.28) in six (6) months from January to June, 2018 as against  what was realized in 2017. […]