FG okays N100 billion for the completion of Kano Free Trade Zone
After 15 years of abandonment and utter neglect, the Federal Government (FG) has approved the sum of N100 billion for the completion of the Kano Free Trade Zone. This was made known by the acting Managing Director of the Nigeria Export Processing Zone, Authority (NEPZA), Terhemba David Nongo. Click here for more.
Nigeria Has World’s Highest Number of Missing Persons, ICRC Says
A decade of conflict in northeastern Nigeria has left almost 22,000 people missing, the most in any country worldwide where the International Committee of the Red Cross registers missing persons. Click here for more.
Federal Government eyes 140,000 jobs from NLNG Train 7
The Nigerian Liquified Natural Gas (NLNG) Train 7 Engineering, Procurement and Construction (EPC) Contract would create over 40,000 direct jobs and provide employment for over 100,000 workers, it was learnt on Thursday. Click here for more.
Investors Gain N141.27bn As NSEASI Firms Up Further By 1.01%
Equities market closed yesterday on a positive note, as NSEASI appreciated by +1.01% to close at 27,426.64 points as against +0.39% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -12.74%. Click here for more.
Ajaokuta To Begin Partial Production Before End Of 2019 – Minister
The federal government is making frantic efforts to ensure that some sections of the Ajaokuta Steel Company (ASC) resumes production before the end of 2019.The minister of Mines and Steel Development, Arc. Olamilekan Adegbite. Click here for more.
N295m Allotted To 409 September Savings Bond Subscribers – DMO
The Debt Management Office (DMO), says N295.9 million was allotted to 409 subscribers during its savings bond auction in September. Click here for more.
RoW, electricity challenges account for 70% of operators’ costs
Challenges posed by hike in Right of Way (RoW) remain unabated as 70 per cent of telecommunications operators’ expenditure currently consumes a bulk of their revenue. The issue was raised on Wednesday in Lagos, at the on-going NigeriaCom 2019 telecoms forum. Click here for more.
Zenith Bank investors tender $392.6m notes for cash
Investors in Zenith Bank Plc have tendered notes worth $392.6m in exchange for cash, following the bank’s invitation to repurchase the notes from them. Zenith Bank had on Wednesday issued a tender offer to holders of its $500m notes due 2022 to tender them for repurchase. Click here for more.
Nigerian Ports Handle 18.67 Million MT In Three Months
Nigerian ports recorded a total cargo throughput of 18.8 million Metric Tonnes in the first three months of 2019, data from the Nigerian Ports Authority have revealed.The ports welcomed 1,045 vessels with Gross Registered Tonnage of 32.97 million tonnes. Click here for more.
NECA cautions FG on 7.2% VAT, says it’s anti-minimum wage
The Nigeria Employers’ Consultative Association (NECA) has said the implementation of the 7.2% Value Added Tax approved by the Federal Executive Council would make nonsense of the recent increase in the minimum wage. Click here for more.
BEDC turns out 134 trainees to improve service
BEDC Electricity Plc has turned out another set of 60 graduate trainees and 74 technician trainees in its quest at improving service delivery to customers and bridging skills gap in the power sector. It also announced the take-off locations for the Meter Asset Provider scheme in Delta State. Click here for more.
9.2m SIM Cards Face Deactivation
The Minister of Communications, Dr. Isa Ali Ibrahim Pantami, yesterday in Abuja, ordered the telecommunications operators (MTN, Airtel, Globacom and 9Mobile) and the Nigerian Communications Commission (NCC) to ensure that the Subscribers Identification Numbers (SIM) cards. Click here for more.