Business

U.S. Embassy resumes consular services in Abuja, apologises to Nigerians

The United States Embassy has resumed full consular services in Abuja, the Federal Capital Territory.

In a tweet on Friday, the embassy apologised to Nigerians for the inconvenience the temporary closure had caused.

“Full Consular visa and American Citizen Services (ACS) resume in Abuja today. We regret the inconvenience the temporary closure of the Abuja Consular office caused. Good to be back!” it said.

The embassy had announced the temporary suspension of its consular services in the nation’s capital on Tuesday last week due to reasons beyond its control.

USAID announces $26.5m additional assistance for Nigeria

The U.S. Agency for International Development (USAID) has announced additional support for Nigeria in achieving the development goals outlined in the bilateral Development Objectives Assistance Agreement signed in 2015, between the U.S. and Nigerian governments.

In a statement on Friday, the Acting Mission Director, Erin Holleran, said a new funding of $26.5 million will be given to support health care and good governance in the country.

Obaseki unveils strategy to mitigate operational cost for MSMEs, boost production scale, employment

...as APC leaders laud administration's focus

The Edo State Governor, Mr. Governor Obaseki, has said that the establishment of production centres across the state which will share support infrastructure such as electricity, security and low-cost financing will boost economic growth in the state.

Obaseki said this at a meeting with leaders of the All Progressives Congress (APC) in Edo South Senatorial District, ON Sunday in Benin City, the state capital.

How banks lost N1.63b to e-fraud in 2017, by CBN

...refunded N5.98bn excess charges

Forex inflow hits $91.bn
Despite increased efforts by the regulators and operators to curb the scams, the number of recorded electronic fraud cases in the banking industry increased by 28 per cent last year, rising from 19,531 in 2016, to 25,043, resulting in a loss of N1.63 billion, the Central Bank of Nigeria (CBN)has said. The apex bank stated this in its draft 2017 Annual Report released yesterday.

Shell Convent refinery heavy oil hydrocracker shut by fire - sources

The heavy oil hydrocracking unit (HCU) at Royal Dutch Shell Plc's (RDSa.AS) 209,787 barrel per day (bpd) Convent, Louisiana, refinery was shut after a fire early on Sunday, sources familiar with plant operations said.

The fire broke out on the 45,000 bpd HCU, call the H-Oil Unit, at about 1:30 a.m. (0630 GMT) on Sunday, the sources said.

A Shell spokesman was not immediately available to comment.

No injuries were reported due to the blaze, the sources said.

Fidelity Bank, BOI, Ford Foundation unveils lending scheme for Aba leather mManufacturers

.Lender donates fully equipped secretariat to LEPMAAS

Fidelity Bank Plc, top Nigerian lender in strategic partnership with the Bank of Industry (BoI) has launched the Aba Finished Leather Goods Cluster Financing Programme.

  This is part of the bank’s continuous efforts to promote Made-in-Nigeria goods capable of meeting global standards for export and local consumption. 

   N400 million in financing provided by BoI will be made available on a quarterly basis to over 300 members of the Leather Products Manufacturers Association of Abia State (LEPMAAS).

NIMASA, CBN harp on special interest rate for maritime assets acquisition

Nigeria’s maritime regulatory agency, the Nigerian Maritime Administration and Safety Agency (NIMASA), is discussing with the Central Bank of Nigeria (CBN), on how to actualise interest rate through special interest financing.
The Director-General of NIMASA, Dr. Dakuku Peterside, who disclosed that the Agency is engaging the CBN to create a special interest rate for maritime assets acquisition in Nigeria, stated that NIMASA is committed to opening new frontiers for potential investors in the industry.

Edo Innovation Hub seeks more occupants for co-working spaces, outlines Q3 programmes

The Edo Innovation Hub has opened its doors for entrepreneurs in Edo State and environs to take opportunity of its co-working spaces and other facilities made available at the technology cluster in driving innovation and strengthening the tentacles of the tech ecosystem in the state.

Anambra ex-governor, Obi, appears before tax office in Onitsha

Former Governor of Anambra State, Mr. Peter Obi, yesterday appeared before the Onitsha Office of the Anambra State Internal Revenue Service (Tax office).

  Obi was summoned by Mrs Nwakpudolu Juliet, the Chief Tax Officer coordinating GRA Phase 2 Onitsha as a Senior Business Manager.

 Obi entered the tax office with his Media Adviser, Mr. Valentine Obienyem.

Dangote donates N.3b business school to University of Ibadan

.Promises to raise entrepreneurs for nation building

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