Oluseyi Awojulugbe

    FG planning another 20-year plan to replace Vision 2020

FG planning another 20-year plan to replace Vision 2020

The federal government has announced to work on a 20-year economic development plan for the country to succeed the Vision 2020.Speaking on Thursday at the BusinessDay Investment and Capital Markets conference in Abuja, Zainab Ahmed, the minister of finance, budget and national planning, said there will also be a five-year plan to succeed the economic and recovery growth plan (ERGP).Both [...]

0 comment Read Full Article
    Med-View airline to resume operations in November

Med-View airline to resume operations in November

Michael Ajigbotoso, the chief operating officer of Med-View Airline, says the airline would resume flight operations in November.NAN reports that Ajogbotoso told journalists in Lagos on Thursday that the management of the airline has perfected plans to return to some of the old routes within the country.The airline had suspended operations in August saying all its aircraft had been taken [...]

0 comment Read Full Article
    Hadi Sirika: Arik Air not suitable for national carrier

Hadi Sirika: Arik Air not suitable for national carrier

Hadi Sirika, the minister of aviation, says the federal government has no intentions to convert Arik Air into a national carrier.Fielding questions from journalists at the end of the federal executive council (FEC) meeting on Wednesday, the minister said Arik Air will not be suitable for the carrier that the ministry is planning.Ahmed Kuru, the managing director of the Assets [...]

0 comment Read Full Article
    Allow us import rice, Vietnamese government lobbies Nigeria

Allow us import rice, Vietnamese government lobbies Nigeria

Vuong Dinh Hue, the Vietnamese deputy prime minister, has requested that his country be allowed to increase rice imports into Nigeria.Speaking on Tuesday during a meeting with Adams Oshiomhole, chairman of the All Progressives Congress, the diplomat said his country would like to increase trade cooperation with Nigeria.Soha, a Vietnamese news platform, quoted Vuong Dinh Hue as saying both countries [...]

2 comments Read Full Article
    NEITI commends Buhari, national assembly for breaking ‘the PSC jinx’

NEITI commends Buhari, national assembly for breaking ‘the PSC jinx’

The Nigeria Extractive Industries Transparency Initiative (NEITI) has commended President Muhammadu Buhari and the national assembly for taking prompt action on the amendment of the Deep Offshore and Inland Basin Production Sharing Contract.In a statement released in Abuja on Tuesday, Waziri Adio, NEITI's executive secretary, described the amendment as long overdue.Adio said the amendment was in line with NEITI’s agitation [...]

0 comment Read Full Article
    Report: Chevron to dump Nigerian oil fields

Report: Chevron to dump Nigerian oil fields

Chevron is reportedly making plans to sell some of its Nigerian oil assets and focus on growing its shale production in the United States. [...]

0 comment Read Full Article
    Zainab Ahmed: Nigeria’s growth plan has suffered seriously since 2017

Zainab Ahmed: Nigeria’s growth plan has suffered seriously since 2017

Zainab Ahmed, minister of finance, budget and national planning, says the implementation and targets of the economic and recovery growth plan (ERGP) have been at risk since 2017 because of underfunding.Speaking on Tuesday at the Nigeria Governors Forum (NGF) peer-learning event, Ahmed said the federal government had recorded 42% revenue shortfall as at June 30."Regarding the 2019 budget, as at [...]

0 comment Read Full Article
    MTN, AGF tax dispute case to be heard on Jan 30

MTN, AGF tax dispute case to be heard on Jan 30

A federal high court in Ikoyi has set the hearing of a court case between MTN Nigeria and the attorney-general of the federation for January 30, TheCable can report.In September 2018, Abubakar Malami, the attorney general of the federation, demanded that the telco pay $2 billion in tax arrears.The arrears requested cover import duties, VAT and withholding taxes on foreign [...]

0 comment Read Full Article
    Nkiru Balonwu wins Powerlist UK award alongside Meghan Markle

Nkiru Balonwu wins Powerlist UK award alongside Meghan Markle

Nkiru Balonwu, a Nigerian entrepreneur and activist, was one of the winners at the Powerlist UK 2020 awards.Balonwu won the Powerlist UK International award which is given to a person based outside of the UK, considered to have distinguished himself or herself as a change-maker, innovator, inspiration and person of considerable influence.Balonwu received the honour for her work as founder [...]

0 comment Read Full Article
    GT removes bank charges for customers aged 16-25

GT removes bank charges for customers aged 16-25

Guaranty Trust Bank says it has waived all charges on GTCrea8 accounts; a product designed for university students aged between 16 and 25.In a statement released on Monday, the bank said it would cover all the costs of banking transactions including transfers to other banks, USSD transactions and bank alerts."Undergraduates will also not be charged for using 737, the bank’s [...]

2 comments Read Full Article
    NNPC to digitize petroleum products marketing to block leakages

NNPC to digitize petroleum products marketing to block leakages

The Nigerian National Petroleum Corporation (NNPC) says it is working on a digital platform for all its downstream activities to block leakages.Speaking on Monday while declaring the 13th Oil Trading and Logistics Expo open in Lagos, Adeyemi Adetunji, the chief operating officer for downstream activities, said all emerging markets must follow the trend of a digitized and automated world.Adetunji was [...]

0 comment Read Full Article
    ALERT: Pfizer recalling Xalatan eye drops

ALERT: Pfizer recalling Xalatan eye drops

Pfizer, the American pharmaceutical company, is recalling batches of its Xalatan 0.005%w/v eye drops solution used in treating glaucoma.In a notice sent to doctors and seen by TheCable, the company said the decision to recall was reached after some counterfeit products were found within the legitimate supply chain."Please be advised that Pfizer is recalling, at the patient level, the below lots [...]

0 comment Read Full Article
    Nigeria jumps 15 places on World Bank’s Ease of Doing Business ranking

Nigeria jumps 15 places on World Bank’s Ease of Doing Business ranking

Nigeria is now ranked 131 globally on the World Bank's Ease of Doing Business ranking, moving up by 15 places from its 2019 spot.The Bretton Wood institution released the report in the early hours of Thursday.A comparison of business regulation in 190 countries across the world formed the basis of the ranking."Nigeria conducted reforms impacting six indicators, including making the [...]

1 comment Read Full Article
    Non-interest income, customer deposits grow as UBA announces 32.3% profit after tax

Non-interest income, customer deposits grow as UBA announces 32.3% profit after tax

United Bank for Africa (UBA) has announced a 32.3% in after-tax net profit from the N61.69 billion recorded in the third quarter of 2018 to N81.63 billion.In a statement released on Tuesday to announce the release of its Q3 results, the bank said its profit before tax grew by 24.2% to N98.2billion putting its annualised return on average equity at [...]

0 comment Read Full Article
    Nigeria’s politics is an old men’s club, says US diplomat

Nigeria’s politics is an old men’s club, says US diplomat

Linda Thomas-Greenfield, a United States diplomat, has likened Nigeria's political circle to an old men's club.Thomas-Greenfield, who was the assistant secretary of State for African Affairs between 2013 and 2017, was speaking on Tuesday while speaking at '20 Years of Democracy: a Retrospect', a programme organised by National Endowment for Democracy (NED) in partnership with Ford Foundation and YIAGA Africa.The [...]

1 comment Read Full Article
    Bank CEOs: We have no hand in N4 USSD charge

Bank CEOs: We have no hand in N4 USSD charge

The chief executive officers of deposit money banks in the country have denied directing MTN Nigeria to charge customers for using unstructured supplementary service data (USSD) channels.In a joint statement released on Tuesday, the bankers said the charges on financial transactions have not been changed."Our attention has been drawn to SMS sent on Saturday 19th October by MTN Nigeria Communications [...]

0 comment Read Full Article
Advertisement
Advertisement
Advertisement

Advertisement

Exchange Rates

October 30, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement