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Business and Economy

NIMASA redeploys Directors, other management staff; Isichei Osamgbi returns as Head, Corporate Communications

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has approved the redeployment of some senior Management staff of the Agency. According to the DG, the new postings are expected to reposition the Agency towards meeting its statutory mandate as enshrined in the NIMASA …

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Airtel Named ‘Best Company in Support of Youth Development’

Leading telecommunications services provider, Airtel Nigeria, has been named the ‘Best Company in Support of Youth Development’ by the Nigerian Institute of Public Relations (NIPR), Lagos State Chapter. The award was presented to the telco at the maiden edition of the Lagos Public Relations Industry Gala and Awards (LaPRIGA) organised …

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Gov. Wike presents 2017 N470 Billion Golden Jubilee budget for accelerated development

Rivers State Governor, Nyesom Ezenwo Wike on Wednesday presented the state’s 2017 budget of N470billion to the State House of Assembly. The 2017 budget is christened “the Golden Jubilee budget for accelerated development.” In 2016, the Rivers State Government budgeted N307billion. A breakdown of the 2017 budget indicates that the …

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Coal deposits in commercial quantity discovered in Sokoto

The efforts of the federal government to diversify Nigeria’s economy has received a major boost with the discovery of coal deposit in commercial quantity in Sokoto State. This discovery boosts Sokoto’s share of solid minerals awaiting exploration by the authorities. Others earlier discovered include phosphate for making fertilizer, gold, limestone, …

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Gov. Ugwuanyi presents N105b Budget to Enugu Assembly … Pledges to complete ongoing projects and commence new ones

Governor Ifeanyi Ugwuanyi of Enugu State Friday presented the 2017 budget estimates of N105,719,471,000 (one hundred and five billion, seven hundred and nineteen million, four hundred and seventy one thousand Naira) to the Enugu State House of Assembly for approval. The appropriation bill which was themed: “Budget of Economic Recovery …

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2017: Governor Abubakar presents N145.4 billion budget proposal

From: Ruth David , Bauchi Bauchi state Governor, Muhammad Abdullahi Abubakar has presented a budget proposal of 145,447,258,160 billion Naira to the state House of Assembly for the 2017 fiscal year. The budget proposal, tagged ‘Budget of Sustainable Development’ consists of recurrent expenditure of N58,845,256,77 representing 40 percent, and a …

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FG secures $150m World Bank support for Mining Development – Fayemi …As ministry commissions 38 surveillance vehicles for Mines Officers

The Federal Government, through the Ministry of Mines and Steel Development, has secured $150million (N45.7 billion) support from the World Bank for the Mineral Sector Support for Economic Diversification (MSSED or MinDiver) programme. The Minister of Mines and Steel Development, Dr Kayode Fayemi, who disclosed this in Abuja on Monday, …

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