PICTURE ABOVE: Ears of orange maize lines following harvesting, on experimental plots at the Zambia Agriculture Research Institute (ZARI). (Via CIMMYT on Flickr) The Central Bank of Nigeria (CBN) has directed all athorised dealers to discontinue the processing of Form M for the importation of maize with immediate effect. The CBN made this known in a Read More…
The Nigerian Ports Authority (NPA) said on Monday that 16 ships laden with food items and other goods had arrived Lagos Port Complex, waiting to berth. NPA made this known in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN) in Lagos. It said that the Read More…
The nation’s bourse resumed transactions for the week on Monday with a loss of N55 billion following sell pressure in some blue chips. Specifically, the market capitalisation which opened at N12.679 trillion lost N55 billion to close at N12.624 trillion. Also, the All-Share Index (ASI) dipped 105.76 points or 0.44 per cent to close at Read More…
PICTURE ABOVE CREDIT: FINANCIAL TIMES The Nigerian Ports Authority (NPA) says it is expecting 14 ships laden with petroleum products, food items and other goods from Saturday to July 25. The NPA made this known in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN) in Read More…
PICTURE ABOVE CREDIT: Stears Business The National Bureau of Statistics (NBS) said on Friday that the total public debt portfolio of the Federal and State Governments as of March 31 stood at N28.63 trillion. The NBS made this known in its Nigerian domestic and foreign debt report released in Abuja. The bureau said that further Read More…
The Lagos State Government says it will plant coconut seedlings and other fruit-bearing trees during the state 2020 Tree Planting Day, on July 14. Mr Dapo Olakulehin, General Manager of Lagos State Coconut Development Authority (LASCODA), made this known to newsmen on Friday in Lagos. Olakulehin said the exercise would be carried out in collaboration Read More…
PICTURE ABOVE CREDIT: NEXIM Bank The Nigerian Export-Import Bank (NEXIM), on Friday said that it does not fund political activities under any guise, but only grant loans to support export-oriented projects in the country. Ms Lohya Mamven, Corporate Communications Department, NEXIM Bank said this in a statement issued in Abuja. Mamven said that the explanation Read More…
Union Bank of Nigeria (UBN), said on Friday that it would provide potable water to the six geo-political zones in the country as part of its support and Corporate Social Responsibility to Nigerians. Mrs Ogochukwu Ekezie-Ekaidem, Head, Strategic Corporate Communications and Marketing, UBN, made the disclosure at a Virtual Media briefing organised for Financial Correspondents Read More…
President Muhammadu Buhari has challenged Ministries, Departments and Agencies to intensify capital project delivery efforts and fully cooperate with the Ministry of Finance, Budget and National Planning to achieve the laudable objectives of the revised 2020 Budget. The president gave the challenge while signing the revised 2020 appropriation bill into law at the Presidential Villa, Read More…
Capt. Ibraheem Olugbade, Executive Director, SIFAX Off Dock, has urged stakeholders in the maritime sector to adopt cargo movement through barge to off dock to decongest Lagos ports. Olugbade gave the advice in a statement signed by Mr Muyiwa Akande, Corporate Affairs Manager, SIFAX Group, in Lagos on Friday. According to Olugbade, the challenges of Read More…