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Fed govt intervenes in Samsung, LADOL dispute – But to what effect?

Fed govt intervenes in Samsung, LADOL dispute – But to what effect?

The dispute between Samsung and Global Resource Management Free Zone Company (GRMFZC), LADOL’s free-zone management service has continued unabated. The claim, which relates to GRMFZC’s refusal to renew SHI-MCI-FZE’s Operating Licence for the free-zone, appeared in the Lagos Federal High Court again last Thursday, January 17 – with no end in sight. Even Federal Government’s […] …

FG shells out N2.2tr to states govts as palliatives

FG shells out N2.2tr to states govts as palliatives

The federal government has revealed that it has so far disbursed a total of N 2.231 trillion to 35 state governments from 2016 to date as palliatives measures to support States to pay salaries and continue with the functions of governance. Minister of Finance Mrs Zainab Ahmed made this revelation at a workshop organized by […] …

SEC, NIPC collaborate to attract investors

SEC, NIPC collaborate to attract investors

The Securities and Exchange Commission (SEC), in its effort to attract more investors, thereby boosting the economy, has restated its commitment to partner the Nigerian Investment Promotion Commission (NIPC). Acting Director General of the SEC, Ms. Mary Uduk stated this in Abuja when she received the Executive Secretary of the Nigerian Investment Promotion Commission (NIPC) […] …

Breaking: Buhari removes executive secretary of TETFund

Breaking: Buhari removes executive secretary of TETFund

President Muhammadu Buhari has removed Dr. Abdullahi Baffa as Executive Secretary, Tertiary Education Trust Fund. He has been replaced by a former ES of the agency, Prof Suleiman Bogoro. Dr. Baffa’s removal is with immediate effect. No reason has been given for Baffa’s removal. Prof. Bogoro has resumed office. Read Also: Buhari greets Keyamo at 49 […] …

Six-hour inferno consumes Aba Guinness Brewery

Six-hour inferno consumes Aba Guinness Brewery

A wild fire on Friday engulfed parts of the Guinness Nigeria Plc, Aba Brewery, Abia, razing bottles, chemicals, office structures and furniture to ashes. Fire fighters battled hard to contain the fire, which started at about 11 a.m. on Friday until about 6:46 pm when the News Agency of Nigeria (NAN) Correspondent left the scene. […] …

’21 Abia maize farmers make N162.4mn after harvest’

’21 Abia maize farmers make N162.4mn after harvest’

21 smallholder maize farmers in Abia state have realized N162, 480,000.00 after harvest under the Anchor Borrowers’ Programme (ABP) The Nigeria Incentive- Based Risk Sharing System for Agricultural Lending (NIRSAL) in a statement issued on Thursday said it is concluding Harvest and Post-harvest activities for maize in Lokpa Nta and Umunneochi Local Government Areas of […] …

Power outage hits Lagos airport again

Power outage hits Lagos airport again

The Murtala Muhammed International Airport (MMIA), Lagos was on Thursday hit by a temporary power outage which affected the D Wing of the terminal. Mrs Henrietta Yakubu, General Manager, Corporate Affairs, Federal Airports Authority of Nigeria (FAAN), said the power disruption was caused by a minor electrical fault. Yakubu said: “FAAN wishes to inform the […] …

PEF introduces censor monitoring of petrol

PEF introduces censor monitoring of petrol

The Executive Secretary Petroleum Equalisation Fund (PEF) Alhaji Ahmed Bobboi on Tuesday said the fund was introducing a censor monitoring project of Premium Motor Spirit (PMS) to ascertain the volume of its consumption in the country. He admitted the Fund last year planned railway equalization and Liquified Petroleum Gas (LPG) penetration projects to address the […] …

Korea partners Nigeria on economic development

Korea partners Nigeria on economic development

The Republic of Korea has pledged to continue effective collaboration with Nigeria to ensure the nation attains its economic development goals. Ambassador of the Republic of Korea, Mr. Intae Lee stated this in a goodwill message at the official opening of a Seminar on the Operations and Regulations on Derivatives Market in Nigeria under the […] …

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