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TimeLine Layout

July, 2021

  • 30 July

    Minister urges MSMEs to explore AfCFTA opportunities

    Ololade Omosan-Agie The Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo has called for the sensitisation of the Medium, Small and Medium Enterprises (MSMEs) on the implementation of the African Continental Free Trade Area (AfCFTA) to enable them benefit from the continental market. The minister, while commenting on a …

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  • 30 July

    FCMB earns N94.2bn revenue as profit rise by 9.4%

    Oluwasina Phillip In its unaudited interim earnings report for the first half of 2021, the FCMB Group Plc announced a gross revenue of N94.2bn and profit before tax of N8.9bn. FCMB Group is the holding company for First City Monument Bank Limited, Credit Direct Limited, FCMB (UK) Limited, FCMB Microfinance …

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  • 30 July

    FG reduces price of gas for power to $2.18

    Ololade Omosan-Agie The Federal Government said on Thursday that it had agreed to reduce the price of industry power gas from $2.50 to $2.18 following extensive negotiation between the government and the organised labour. The State Minister of Petroleum, Mr Temipre Sylva, who spoke during the 2021 Gas Sector Stakeholders …

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  • 30 July

    Nigeria needs $2.3tn to address infrastructure deficit, says FG

    Ebuka Daniel The Federal Government has said that the country need $2.3tn to address for its national integrated infrastructure masterplan. Secretary to the Government of the Federation, Boss Mustapha, said this in Abuja on Thursday at a town hall meeting themed: ‘Nigeria’s infrastructure revolution: Road to a new future’, organised …

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  • 29 July

    FG To Deepen ICT Services In Trade, Revenue Collection

    Ebuka Daniel Webb Fontaine Nigeria Limited on Thursday handed over an Information Communication and Technology developed for the Nigeria Customs Service to promote integrity in its operations. The Federal government, in 2015 had entered into a contract with Messrs Webb Fontaine Consortium for the Installation, Operation, Management of Information Technology …

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  • 29 July

    We ‘Ve Awarded 896 Contracts For Over 13,000 Kilometers of Roads—FG

    Oluwasina Phillip The Minister of Works and Housing, Mr Babatunde Fashola on Thursday said that the Federal Government is currently implementing 896 road and bridges contracts covering over 13000 kilometers in all the states of the federation. He also faulted the decision of the administration of former President Olusegun Obasanjo …

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  • 29 July

    NNPC Will Deliver AKK Gas Pipeline Project On Schedule–Kyari

    Ebuka Daniel The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured that the ongoing 614 kilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline project would be delivered on schedule. He said the project will create prosperity through massive job opportunities and guarantee peace for the country. …

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  • 29 July

    DMBs assure customers of sufficient forex

    Ololade Omosan-Agie Bank executives have assured that Nigerian deposit money banks have the capacity to provide sufficient foreign exchange to customers in the country. They gave this assurance at a virtual meeting held on Thursday, themed, “CBN REGULATION ON BDC”, following the central bank of Nigeria’s directive to end forex …

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  • 29 July

    CBN Directs Banks To Create Mobile App For Forex Movement

    Ololade Omosan-Agie The Central Bank of Nigeria has directed Deposit Monetary Banks in the country to create mobile applications and alert systems to update customers of their foreign exchange movement. This follows the CBN’s ban on sales of forex to Bureau de Change operators and directive to DMBs to establish …

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  • 29 July

    Again, 535 Tests Positive For COVID-19 In Nigeria

    Oluwasina Phillip The number of confirmed cases of coronavirus infection has continued to rise on daily basis, as available data showed that 535 cases were recorded on Wednesday, 28th of July 2021. According to the data released by the Nigeria Centre for Disease Control (NCDC) on Thursday, the 535 is …

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