First Bank of Nigeria Limited organised a relay on Saturday in commemoration of its 125th anniversary.According to the bank, the 125 kilometre relay walk held across the country to commemorate its years of "unbroken service to the nation".Speaking with TheCable at the end of the exercise in Lagos, Remi Oni, executive director of corporate bank, said the activity is to synergise [...]
Benue, Delta, Kogi and Ondo states have recorded a slow growth in food prices just as consumer price index (CPI) slowed to 11.31% in February. This is according to the February CPI and inflation report the National Bureau of Statistics (NBS) released on Friday.The report said year on year, CPI which measures inflation, was lower by 0.06 percent points than [...]
The Presidential Enabling Business Environment Council (PEBEC) has unveiled its REPORTGOV.NG mobile and online application for public service feedback and complaints.The platform, which is also a website, is expected to facilitate the escalation and resolution of issues encountered with ministries departments and agencies (MDAs) towards ensuring a more business-friendly environment.The app was launched by Okechukwu Enelamah, the minister of industry, [...]
Lukman Otunuga, a research analyst at FXTM, award-winning international forex broker, says the decision to change or retain or change the governor of the Central Bank of Nigeria will impact foreign direct investment (FDI). Speaking at a media briefing in Lagos on Wednesday, Otunuga said keeping Emefiele would signal continuity, and remove elements of uncertainty, while changing the governor will bring in [...]
The Federal Airports Authority of Nigeria (FAAN) has directed all foreign airlines operating at the Nnamdi Azikiwe International Airport Abuja to move to the new international terminal on or before March 31.Sani Mahmud, FAAN’s regional general manager, north central, gave this ultimatum on Wednesday when Emirates Airlines commenced flight operations at the new terminal.Mahmud said that the deadline given in [...]
Okechukwu Enelamah, minister of industry, trade and investment, says the new federal government tomato policy will stop the importation of tomato paste.Speaking during a visit to GB Foods Nigeria’s tomato backward integration project in Kaduna, the minister assured that the government is committed to boosting tomato production.During an earlier visit to Dangote Tomato Processing Plant, Audu Ogbeh, the minister of [...]
Abhay Thakur, Indian high commissioner to Nigeria, says "50,000 Indians" comprising professionals, investors, technically skilled, medical doctors and educationists are involved in various businesses in Nigeria.Thakur spoke at a NAN forum in Abuja, on Tuesday.He said India was Nigeria’s largest trading partner globally, with bilateral trade between both countries "at nearly $12 billion and Indian companies investing in projects worth [...]
OrderPaper Advocacy Initiative has commended the Nigeria Extractive Industry Transparency Initiative (NEITI) on Nigeria’s emergence as one of the seven countries that have attained the highest ranking of "Satisfactory Progress" by Extractive Industries Transparency Initiative (EITI), a global watchdog.In a statement, OrderPaper said NEITI's drive for innovation has brought about increased transparency and accountability in the country’s "hazy, complex and opaque" extractive [...]
The Nigerian National Petroleum Corporation (NNPC) says it has begun a recruitment exercise for fresh graduates and experienced professionals.Ndu Ughamadu, the corporation's spokesman, confirmed on Wednesday that the recruitment advert was genuine."The portal was opened today and I have received hundreds of inquiries whether it is correct or not," he said in a statement."We are going to recruit people from [...]
