Business

Community leader calls for modern mosquito nets

By Ummi Ismaeel,
Minna

Community leader calls for modern mosquito nets

By Ummi Ismaeel,
Minna

Depreciation of Naira weakens Capital Base of Banks – Emefiele

GODWIN Emefiele, governor of the Central Bank of Nigeria, CBN, has revealed his new economic agenda for the next five years. On Monday, June 24, Emeifele said his vision for the CBN, is primarily driven by the need to support continued growth and development of the Nigerian economy.

Consequently, the CBN will be working closely with our fiscal authorities to target a double digit growth by the next five years. The CBN is committing to work assiduously to bringing down inflation to single digit; while accelerating the rate of employment.

Nigeria's Central Bank will keep controversial FX system

Nigeria's central bank will keep its foreign exchange system, its governor said on Monday, supporting a controversial managed float of the naira that investors and the International Monetary Fund have asked the country to dismantle.

Despite years of inflationary pressure as global prices for oil, Nigeria's main export, dropped, the government and central bank have spent billions of dollars propping up the naira's value in the face of calls for a free float.

Air Peace plane overshoots runway in Port Harcourt

A plane operated by Air Peace has overshot the runway of the Port Harcourt International Airport in Rivers State under heavy rainfall.

The flight was from Abuja to Port Harcourt with 94 passengers and 6 crew members on board.

According to one of the passengers on board, the incident occurred as the plane was landing at the airport. The plane came to a halt some 200 meters in the bush by the runway.The witness said all of the passengers have been evacuated and driven to the arrival area.

Edo partners World Bank, Dangote Foundation to support female entrepreneurs

The Edo State Governor, Mr. Godwin Obaseki, has said the state government is collaborating with the World Bank, Dangote Foundation and other development agencies to provide special support for female entrepreneurs to expand their businesses in the state.
The governor disclosed this when he met with the executives of the Benin Chambers of Commerce, Industry, Mines and Agriculture (BENCCIMA) at the Edo Production Centre, in Benin City.

Breaking: Buhari appoints Kyari as NNPC’s new GMD

President Muhammadu Buhari of Nigeria has appointed Mr Mele Kolo Kyari as the new GMD of Nigerian National Petroleum Corporation (NNPC).
The President also appointed seven Chief Operating Officers alongside Kyari. The newly appointed officers are to work with current officeholders till July 7, 2019, for a smooth transition to take place.
This was disclosed in a statement signed on Thursday by the NNPC Group General Manager, Group Public Affairs, Ndu Ughamadu.

Lagos govt announces road closure from Mile 2 to Tin Can Island Port

The Lagos State government has announced the closure of the road from Mile 2 to Tin Can Island ports corridor to allow palliative repairs on the road.
The closure takes effect from Monday, June 17, 2019, and it will last for 48 hours.
The announcement was made on Monday by the Permanent Secretary of the Ministry of Transportation, Taiwo Salaam.
Salaam said that the closure would be effected to allow the construction company to “speed up the palliative repair works on the corridor due to incessant and avoidable accidents experienced by motorists.”

Nigerian govt gives Task Force two weeks extension to resolve Apapa gridlock

.Agricultural investment will bring Nigeria out of poverty, says Osinbajo

Buhari orders CBN to blacklist firms smuggling 43 restricted items

The Central Bank of Nigeria (CBN) has announced plans to blacklist firms, its owners and top management caught smuggling or dumping any of the restricted 43 items into the country.
Governor of CBN, Godwin Emefiele, revealed at a meeting with palm oil producers in Abuja that the presidential directive was aimed at expanding and providing support to firms and individuals that want to increase the production of 10 different commodities in Nigeria, including palm oil production.

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