Category Archives: Local News

FAAC suspends meetings indefinitely

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The Chairman, Commissioners of Finance Forum, Mr Mahmood Yunusa has said that the Federation Accounts Allocation Committee (FAAC) has agreed to suspend meetings indefinitely until an effective revenue collection process is implemented. Yunusa said this in Abuja after the monthly FAAC meeting ended in a stalemate for the third consecutive time in one month. He […]

SON’s training services attains CQ1, IRCA recognition

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The Standards Organisation of Nigeria Training Services (STS) Centre has received certification by the Chartered Quality Institute (CQI) and the International Register of Certified Auditors (IRCA) as an Approved Training Partner (ATP). The SON Training Centre thus becomes the first and only CQI and IRCA approved Training Centre in Nigeria and the West Africa Region […]

LASG offers global business opportunities to foreign investors, others

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As part  of efforts to correct investors’ perception about Lagos, the State Government has unveiled investment opportunities that abound in the State to prospective investors, aimed at turning the state to the most desirable investment destination globally. At  theunveiling of the initiative, tagged ‘Lagos To The World (L2W), held last weekend, the State Government presented […]

House of Representatives rejects executive order

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The Nigerian House of representatives has urged President Muhammadu Buhari not to implement the Executive Order signed last week to strengthen the government’s fight against corruption. The Order was to give the government power to confiscate stolen assets of suspected individuals believed to have acquire through corruption. The House and the Senate also invited the […]

Ngige threatens to revoke oil firms’ licences

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Minister of Labour and Employment Chris Ngige has warned that the government will revoke the licence of contractors operating in the oil and gas sector if they continue to promote unfair labour practices. The minister, who spoke when he received members of the National Administrative Council of the Nigeria Union of Petroleum and Natural Gas […]

Why lower naira notes are scarce, by CBN

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The Central Bank of Nigeria (CBN) yesterday blamed the scarcity of lower naira denominations on hoarding and sale by unscrupulous people. It said it has mapped out strategies to address the menace. Its Acting Director, Currency Operations Department, Mrs. Precillia Eleje, who spoke at a public sensitisation and enlightenment campaign on CBN direct intervention on […]

Ovia urges NAICOM, NCC, CBN on financial inclusion

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To  acheive Financial Inclusion, the National Insurance Commission (NAICOM), Nigerian Communication Commission (NCC) and the  Central Bank of Nigeria (CBN) must approve the use of mobile phones to sell micro insurance to the poor and excluded adults in the country, Founder and Chairman, Zenith Bank, Jim Ovia  said yesterday. He spoke at Transcorp Hilton Hotel, […]

NAMA deploys equipment in area control centres

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Nigerian Airspace Management Agency (NAMA) has deployed two Jotron high-powered very high frequency (VHF) long-range communication radios in Lagos West and Lagos East Area Control Centres (ACCs), its Managing Director Captain Fola Akinkuotu has disclosed. According to Akinkuotu, the  equipment installation last week  culminated into successful Site Acceptance Test (SAT) carried out by NAMA engineers […]

CBN seeks buffers to strengthen banks’ capacity

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The finance sector needs regulatory buffers to strengthen banks’ capacity to withstand shocks, Central Bank of Nigeria (CBN) Deputy Governor Edward Lamtek Adamu, has said. In his personal statement contained in the CBN Communique of the last Monetary Policy Committee (MPC) meeting released yesterday, the bank chief said the apex bank also needed to   build   […]

2019: PDP, 38 parties form coalition against Buhari

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THIRTY-NINE political parties have formed an alliance to wrest power from President Muhammadu Buhari and the All Progressives Congress (APC) in the 2019 general elections. The Peoples Democratic Party (PDP) is acting as the rallying point for the alliance, under the aegis of the Coalition of United Political Parties (CUPP). But the Buhari Campaign Organisation […]