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Category: Business

Business News Politics

Buhari opens e-Nigeria confab

National Ambassador.November 7, 2017 e-Nigeria confab

President Muhammadu Buhari on Tuesday declared open, a three-day e-Nigeria technology Conference, at the International Conference Centre Abuja. Buhari and participants at the e-Nigeria Conferenec…

View More Buhari opens e-Nigeria confab
Business News

Ethiopian Airlines lands B787-9 in Abuja on Tuesday

National Ambassador.November 6, 2017 businessEthiopian Airlines

Ethiopian Airlines, Africa’s largest airline group, has announced that it would bring its newest Boeing 787-9 plane tagged the “Big Brother“ to Abuja on Tuesday.…

View More Ethiopian Airlines lands B787-9 in Abuja on Tuesday
Business News

Why closed NERFUND-FG

National Ambassador.November 6, 2017 BOABOICBNKemi Adeosun newsNERFUND

The Permanent Secretary, Federal Ministry of Finance, Mr Mahmoud Isa-Dutse said the closure of the National Economic Reconstruction Fund (NERFUND) was based on the recommendations…

View More Why closed NERFUND-FG
Business News

Cross River ups for mineral development

National Ambassador.November 5, 2017 Ben AyadeCross riversMineral resources

At last, the dream of taking Cross River State out of the woods may soon be a reality if the massive solid minerals deposits discovered…

View More Cross River ups for mineral development
Business News Politics

Buhari writes national assembly, present 2018 Budget Tuesday

National Ambassador.November 3, 2017 2018 BudgetBuhariNational Assembly

President Muhammadu Buhari has written a letter to the national assembly, seeking to present the estimates of the 2018 budget. Yakubu Dogara, speaker of the…

View More Buhari writes national assembly, present 2018 Budget Tuesday
Business News

Abuja airport N61.2b terminal ready by February 2018

National Ambassador.November 3, 2017 NAIANCAANnamdi Azikiwe International Airport

All things being equal, the Nnamdi Azikiwe International Airport’s (NAIA) new terminal in Abuja will open for operations February next year. The terminal, built at…

View More Abuja airport N61.2b terminal ready by February 2018
Business News

NSE gains, heads for N13trn

National Ambassador.November 2, 2017 business newsNSE

Transactions on the Nigerian Stock Exchange (NSE) recorded a profit for the third consecutive day and may hit N13 trillion on sustained gains. The market…

View More NSE gains, heads for N13trn
Business News

Singapore’s Changi Airport opens automated terminal

National Ambassador.November 1, 2017 AirportbusinessSingopore

Singapore’s Changi Airport has opened a cutting-edge terminal with a fully automated check-in system including facial scanning and computerised baggage drop points. Terminal 4, built…

View More Singapore’s Changi Airport opens automated terminal
Business News

Emefiele woos global investor-community in London

National Ambassador.October 31, 2017 AFRINVESTbusinessCBNEmefiele

The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, at the weekend in London, urged global investors to come back to Nigeria, declaring that the…

View More Emefiele woos global investor-community in London
Business News Politics Society

Diversify now or live in regrets: Kalu urges African leaders:

National Ambassador.October 30, 2017 African LeadersDiversificationOrji kalu

Former Governor of Abia State, Dr. Orji Uzor Kalu, has urged African leaders to embrace economic diversification by allowing the private sector to be in-charge…

View More Diversify now or live in regrets: Kalu urges African leaders:
Business News

Exchange reserves near $34b mark despite interventions

National Ambassador.October 30, 2017 CBNFMDQ OTC Securities Exchange

The nation’s foreign exchange reserves’ profiles recorded a new increase near $34 billion mark, after gaining about $350 million in one week, with $200 million…

View More Exchange reserves near $34b mark despite interventions
Business News

NCC summons telco CEOs, mulls prosecution over sale of pre-registered SIM cards

National Ambassador.October 30, 2017 NCCSIM CARDSUmar Danbata

The Nigerian Communications Commission (NCC) has summoned chief executive officers (CEOs) of major telecommunications companies in the country to its headquarters in Abuja. TheCable learnt…

View More NCC summons telco CEOs, mulls prosecution over sale of pre-registered SIM cards
Business Metro/Crime News

Expert advises FG on BVNseizure of bank accounts over BVN

National Ambassador.October 29, 2017 BVNCBNCharles Nwekeaku

An economic expert, Charles Nwekeaku, has advised the Federal Government to follow due process in getting the forfeiture of monies in accounts without Bank Verification…

View More Expert advises FG on BVNseizure of bank accounts over BVN
Business News Society

BVN-related asset forfeiture:Expect elongated legal battle –Nweze

National Ambassador.October 29, 2017 BVNEFCCMonday UbaniOlusegun Obasanjo

A repeat of the credit and liquidity squeeze, which rocked the banking sector in the wake of the takeoff of Treasury Single Account (TSA), may…

View More BVN-related asset forfeiture:Expect elongated legal battle –Nweze
Business News

NCC vows to end SIM swap fraud

National Ambassador.October 28, 2017 NCCSIM swap

The Nigeria Communications Commission (NCC) has promised to put an end to SIM swap fraud in light of fraudulent activities carried on customers’ bank accounts.…

View More NCC vows to end SIM swap fraud
Business News Technology

26 firms signify interest in Nigeria’s refineries

National Ambassador.October 27, 2017

About 26 firms have indicated interest to participate in the revamping of Nigeria’s four refineries, which will require investment of about $2billion (N720billion) according to…

View More 26 firms signify interest in Nigeria’s refineries
Business News Politics

2018 budget proposal approved by FEC

National Ambassador.October 26, 2017 2018 BudgetFEC

The federal executive council (FEC) has approved the draft for the 2018 budget proposal. Minister of budget and national planning, Udo Udoma, said this on…

View More 2018 budget proposal approved by FEC
Business News

African airlines to transport 400 million passengers in 2036

National Ambassador.October 26, 2017 African AirlinesAir trafficCORSIA

Airlines in Nigeria and other Africa countries has been estimated to increase by 274 million, bringing the total traffic per year to 400 million by…

View More African airlines to transport 400 million passengers in 2036
Business News Society

FG, state, council share October FAAC

National Ambassador.October 25, 2017 Ahmed IdrisFAAC

The Federal, States and Local Governments shared N558.082 billion in October, N80 billion less than the N637.704 billion revenue shared in September, Ahmed Idris, the…

View More FG, state, council share October FAAC
Business Metro/Crime News

Customs command impounds N15m goods

National Ambassador.October 24, 2017 crimeNigeria Customs Service

The Western Marine Command of the Nigeria Customs Service (NCS) on Tuesday seized goods estimated at N15 million from smugglers along the Gbao, Yekeme and…

View More Customs command impounds N15m goods
Business News

Fight against corporate secrecy- Osinbajo urged

National Ambassador.October 23, 2017 Corporate secrecyExtractive Industries Transparency InitiativeOsibanjo

Vice President Yemi Osinbajo has again called for an intensified global action against vices associated with  corporate secrecy stating that “breaking the wall of secret…

View More Fight against corporate secrecy- Osinbajo urged
Business Metro/Crime News

BVN: FG moves to seize less accounts

National Ambassador.October 22, 2017 BVNGederal Government

Justice Nnamdi Dimgba of the Federal High Court in Abuja has granted a request by Attorney General of the Federation, Abubakar Malami, for a temporary…

View More BVN: FG moves to seize less accounts
Business News

VAT: N246.30bn generated in Q2 — NBS

National Ambassador.October 21, 2017 NBSVAT

The National Bureau of Statistics (NBS) says that N246.30 billion was generated as Value Added Tax (VAT) in the second quarter of the year. The…

View More VAT: N246.30bn generated in Q2 — NBS
Business News

FG Begins Disbursement of GEEP Loan in Abia

National Ambassador.October 20, 2017 GEEPMarketMoniMSME

The Federal Government has commenced the disbursement of the Government Enterprise and Empowerment Program,GEEP, loan in Abia State. The loan is a collaboration of the…

View More FG Begins Disbursement of GEEP Loan in Abia

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