Home / News / Local (page 30)

Local

CBN auctions $185.86m in Retail SMIS

  Following Tuesday’s assurances by the Governor of the Central Bank of Nigeria, Godwin Emefiele, that the CBN will continue to intervene in the foreign exchange market, the apex Bank on Wednesday, April 26, 2017, auctioned the sum of $185.86million at the retail Secondary Market Intervention Sales (SMIS).  The Bank’s Acting Director in charge of Corporate …

Read More »

Benefits of cooperation in oil marketing and distribution among ECOWAS nations By Prof. Chijioke Nwaozuzu

    Prospects for economic growth are driven by energy consumption, which is dependent on availability, accessibility and affordability of the energy sources/resources. Statistics have shown that Sub-Saharan Africa countries are projected to grow in number at an average rate of 1.2%, leading to a population of about 500 million …

Read More »

President Buhari congratulates veteran journalist, Tony Momoh, on 78th birthday

President Muhammadu Buhari has warmly congratulated veteran journalist and former Minister of Information and Culture, Prince Tony Momoh on his 78th birthday, April 27, 2017. A statement by Femi Adesina, Special Adviser to the President (Media & Publicity) said that “President Buhari joins Momoh’s professional and political colleagues, his friends …

Read More »

Police aide to Fani-Kayode testifies in Court; How he collected N26million from NSA’s office

Hearing on a case involving the erstwhile Minister of Aviation, Femi Fani-Kayode, who is being prosecuted by the Economic and Financial crimes Commission, EFCC, over his alleged role in the mismanagement of funds meant to fight insurgency during President Goodluck Jonathan’s administration commenced on Tuesday, April 25, 2017 before Justice …

Read More »

CBN sells $25m in new FX window for investors, exporters … Dealers fail to subscribe fully to CBN’s $150m offer

  The Central Bank of Nigeria (CBN) on Tuesday, April 25, 2017, commenced interventions in the new Investors’ & Exporters’ FX Window with the sale of $25million to customers through authorized dealers. This was disclosed by the Bank’s spokesman, Isaac Okorafor, who reiterated that the window was established to boost …

Read More »

Power generation: FG partners ADB to fund coal initiatives ….as Minister urges investors to invest in Nigeria’s huge coal reserves

Determined to solve the power issue in the country, the Federal Government is to partner with the African Development Bank (ADB) to fund coal projects in the country. The Minister of Mines and Steel Development, Dr Kayode Fayemi, disclosed this during a meeting with stakeholders in the mining sector and …

Read More »

Maritime safety and security our priority – NIMASA DG ….As Agency renews MOU with the Navy

  In line with its mandate to ensure safety and security in the Nigerian territorial waters, the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Navy have renewed the existing Memorandum of Understanding (MoU) to protect and secure our maritime domain. At the official signing ceremony of the …

Read More »