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NIMAREX 2015: Stakeholders Advocate Maritime Development for Economic Growth

Stakeholders and experts in the maritime industry, who gathered at the fifth edition of the on-going Nigeria Maritime Expo (NIMAREX), holding in Eko Hotel, Lagos, have called for a sustained development in capacity building in order to enhance the industry to take its pride of place in boosting the nation’s ...

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Comptroller General of the Nigeria Customs Service, Alhaji Abdullahi Dikko Inde has warned of the potential health hazards in the consumption of imported frozen poultry product, beyond the negative impact of the nefarious business on local agriculture development in the country. The Customs boss gave the warning Tuesday, when he ...

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N8bn CBN Currency Fraud: EFCC Alleges Plot To Scuttle Trial

The Economic and Financial Crimes Commission (EFCC) has accused the defence counsel in the N8bn mutilated currency fraud suit involving some staff of the Central Bank of Nigeria and other commercial banks of attempting to scuttle the trial. Proceedings were again stalled at the resumed trial before Justice Ayo Emmanuel ...

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Rise In Online Transactions, Fraudulent Transfers, Stall Banks’ Growth –NDIC

The Nigerian Deposit Insurance Corporation (NDIC) has said that the astronomical rise in online transactions including fraudulent transfers and withdrawals in 2014 was responsible for the stunted financial growth of the banking sector. In its 2014 annual report for the banking sector, NDIC said the rate of fraud in the ...

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Dangote To Double Investment In Cameroon

  The President of Dangote Group Aliko Dangote, has disclosed the company’s fresh investments drive towards expanding the output from its Douala plant, Cameroon, from the current 1.5 million metric tonnes per annum (mmtpa) to over three mmtpa. The initial investment cost the group $150 million (about N30 billion). During ...

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Unpaid Salary: Submit Your Loan Details – CBN Tells State Govs

Following the ongoing crisis of inability to pay workers’ salaries by some states in the country, the Central Bank of Nigeria has asked state governments to furnish it with the details of their loan obligations by Wednesday at the latest. The directive was issued by the Federal Ministry of Finance ...

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Power: I’m Keen About Mambilla, Other Hydro-power Projects –Buhari

President Muhammadu Buhari has shown his concern for the accelerated construction of hydro-power projects for improvement of power and irrigation to better the lives of Nigerians. The President made his determination known when he granted audience to officials of CGGC, the Chinese construction company working on the Mambilla Power Project. ...

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BVN Registration: UBA Launches Short Code *919*6# For Customers

United Bank for Africa (UBA) Plc has launched the short code *919*6# for their customers who have already registered for the Bank Verification Number (BVN) in other banks to submit their numbers to it using the same phone with which the number was registered with other banks. The bank on ...

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NCC: Plot To Renew Eugene Juwah’s Tenure Backfires

Expectations from some quarters that Dr. Eugene Juwah, Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC), would continue in office for another five years as Nigeria’s telecommunications chief regulator is set to be dashed following fresh revelations of the illegalities perpetrated in the quest to give him a second ...

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Ahmad Farroukh, MTN S’Africa CEO, Resigned

MTN Group on Monday announced the resignation of Ahmad Farroukh, Chief Executive Officer, MTN South Africa. According to the mobile telecommunications service provider, Farroukh’s resignation will take effect from July 31, 2015. “This was a difficult decision to take for Ahmad, but unavoidable due to personal and family reasons,” says ...

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