Oluseyi Awojulugbe

    ‘Kogi will be free of yellow fever in the next 40 years’

‘Kogi will be free of yellow fever in the next 40 years’

Yakubu Abubakar, executive director of Kogi state primary health care development agency (KSPHCDA), says the state will be free of yellow fever disease in the next 40 years. Abubakar made this statement at a press conference in Lokoja on Wednesday. Yellow fever is an acute viral haemorrhagic disease transmitted by infected aedes mosquitoes. Symptoms include fever, headache, jaundice, muscle pain, nausea, vomiting [...]

0 comment Read Full Article
    Otedola’s Forte Oil to sell some Nigerian assets

Otedola’s Forte Oil to sell some Nigerian assets

Forte Oil says it has plans to sell some of its Nigerian assets and shut down its operations in Ghana.   [...]

0 comment Read Full Article
    Indomie manufacturer acquires Mimee — months after buying Dangote noodles plant

Indomie manufacturer acquires Mimee — months after buying Dangote noodles plant

De-United Foods Industries Limited (DUFIL), makers of Indomie noodles, have acquired the food unit of May & Baker Plc, makers of Mimee noodles. In November 2017,  Dangote Food, makers of Dangote noodles, sold two of its production lines to the company. Sandra Aduba, May & Baker’s head of communication, said the deal, which is worth N775 million is an 100 percent acquisition [...]

0 comment Read Full Article
    BDCs to commence digital operations with new website

BDCs to commence digital operations with new website

Bureaux de Change operators in the country say they will now offer digital services with launch of their new website, www.naijabdcs.com. Speaking at the unveiling of the website on Wednesday, Aminu Gwadabe, president of the Association of Bureaux de Change Operators of Nigeria (ABCON), said the website will provide the names, contacts and locations of the 3,500 CBN-accredited operators. He said the website [...]

0 comment Read Full Article
    World Bank: Despite exit from recession, Nigeria’s poverty increased in 2017

World Bank: Despite exit from recession, Nigeria’s poverty increased in 2017

The World Bank says unemployment and poverty rates increased in Nigeria despite an exit from recession in 2017. The Bretton Wood institution made these remarks in a report released on Monday. The report titled 'Nigeria Bi-annual Economic Update: Fragile Recovery' read: "The decline in the non-oil, non-agriculture sector, however, continued, as aggregate demand remained weak and private sector credit low. "The rates of [...]

1 comment Read Full Article
    Dickson to FG: Review revenue sharing formula if you want states to pay minimum wage

Dickson to FG: Review revenue sharing formula if you want states to pay minimum wage

Seriake Dickson, governor of Bayelsa, says there is a need to review the revenue sharing formula currently in use to enable state governments pay wages to workers. A statement by Francis Ottah Agbo, his chief press secretary, said the governor made this statement at the state’s workers’ day celebration themed, ‘Labour Movement in National Development: Dare to Struggle, Dare to Win’. Gboribiogha [...]

0 comment Read Full Article
    12 manufacturing sub-sectors record growth as PMI expands for 13th consecutive month

12 manufacturing sub-sectors record growth as PMI expands for 13th consecutive month

A report released by the Central Bank of Nigeria on Monday has shown that 12 of the 15 sub-sectors of the manufacturing sector recorded a growth in April. According to the report, which is called the Purchasing Mangers' Index for April 2018, the index grew at a faster rate than its March growth. The sub-sectors that recorded growth are: Petroleum and coal products, [...]

0 comment Read Full Article
    Reduced costs push Fidelity Bank’s profit by 94% in 2017

Reduced costs push Fidelity Bank’s profit by 94% in 2017

Fidelity Bank has reported a 94 percent growth in profit for the financial year that ended on December 31, 2017 and proposed an 11 kobo per share dividend for investors. According to a statement by the bank, it's gross earnings increased by 18.3 percent from N152 billion to N179.9 billion and profit after tax grew by 93.7 percent from N9.7 billion [...]

0 comment Read Full Article
    Arik to begin Lagos/Abuja-Bauchi flights

Arik to begin Lagos/Abuja-Bauchi flights

Arik Air says it will begin flights to Bauchi from Lagos and Abuja on May 9. The commencement of Bauchi-bound flights will make the state the 20th domestic destination plied by the airline. According to a statement released by the airline on Monday, there will be three weekly flights from Abuja to Bauchi. "The airline will be operating three weekly flights from Abuja [...]

0 comment Read Full Article
    IT’S OFFICIAL: Zenith Bank now Nigeria’s largest bank by customer deposits

IT’S OFFICIAL: Zenith Bank now Nigeria’s largest bank by customer deposits

Zenith Bank, a Tier one bank, has displaced First Bank as the largest bank in the country in terms of its reported customer deposit. In its first quarter results made available on the Nigerian Stock Exchange website, the bank reported that its customers deposited N3.396 trillion as against the N3.24 trillion reported by First Bank in the same period. Before now, First [...]

1 comment Read Full Article
    Pay the debts and take back your company, AMCON tells Arik, Aero owners

Pay the debts and take back your company, AMCON tells Arik, Aero owners

The Asset Management Corporation of Nigeria (AMCON) says it is willing to handover ownership of Arik Air and Aero Contractor airlines if the owners are willing to pay the debts owed by the companies. Speaking during the weekend at the sixth Nigeria Transport Awards and Lecture, Ahmed Kuru, AMCON chairman, said the corporation did not wish to operate in the airline [...]

0 comment Read Full Article
    FG signs interim agreement for railway concession

FG signs interim agreement for railway concession

The federal government and four companies led by General Electric have signed an agreement to start the interim phase of the Nigerian narrow-gauge railway concession. According to a statement signed by Yewande Thorpe, head of communications, GE Nigeria, shared with TheCable, the interim phase will include "light remedial civil and track repair works" on the narrow gauge rail line. "Additionally, a joint [...]

1 comment Read Full Article

Ngige: It’s illegal to pay below minimum wage

Chris Ngige, minister for labour and employment, says it is illegal for employers to pay salaries below the minimum wage. Speaking on Saturday at the public hearing on minimum wage for the south-south zone in Port Harcourt, the minister said the minimum wage is “a price floor below which workers may not yield their labour.” He said the concept of minimum wage [...]

0 comment Read Full Article
    Cynthia Morgan ‘filed court papers’ over unpaid rent, tax evasion

Cynthia Morgan ‘filed court papers’ over unpaid rent, tax evasion

Cynthia Morgan, rapper and dancehall artiste, has reportedly received court papers for failing to pay her house rent and tax evasion. [...]

0 comment Read Full Article
    Avengers: Infinity War, Date Night … 10 movies you should see this weekend

Avengers: Infinity War, Date Night … 10 movies you should see this weekend

Some movies leave one with a feeling of glee while some poorly executed flicks make one want to puke, punch someone and throw a tantrum – all at once. To help you avoid such a situation that’d leave you fuming out of the cinema in utter disgust, TheCable Lifestyle recommends the following movies. [...]

0 comment Read Full Article
    EXTRA: Lagos now translating bills into pidgin

EXTRA: Lagos now translating bills into pidgin

The Lagos state government says it is now translating bills that have been passed into Pidgin Yoruba and Egun three languages. Benjamin Olabinjo, special adviser to the governor on civil engagement, told journalists on Friday that this is to ensure easy understanding and voluntary compliance. Already, he said eight bills had been translated and an additional six bills were in the process [...]

0 comment Read Full Article
Advertisement
Advertisement
Advertisement

Advertisement

Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
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