Friday, March 22, 2019
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    FirstBank organises relay walk to celebrate 125th anniversary

FirstBank organises relay walk to celebrate 125th anniversary

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 [...]

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    Four states record slow growth in food prices as inflation hits 11.31%

Four states record slow growth in food prices as inflation hits 11.31%

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 [...]

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    PEBEC unveils mobile app to aid Nigeria’s ease of doing business

PEBEC unveils mobile app to aid Nigeria’s ease of doing business

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, [...]

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    Otunuga: Retaining Emefiele as CBN governor will impact FDI

Otunuga: Retaining Emefiele as CBN governor will impact FDI

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 [...]

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    TVIO launches insurance reward platform 

TVIO launches insurance reward platform 

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    Move to new Abuja airport terminal by March 31, FG tells foreign airlines

Move to new Abuja airport terminal by March 31, FG tells foreign airlines

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 [...]

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    Enelamah says FG’s new policy will ban tomato importation

Enelamah says FG’s new policy will ban tomato importation

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 [...]

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    50,000 Indians doing business in Nigeria, says high commissioner

50,000 Indians doing business in Nigeria, says high commissioner

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 [...]

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    OrderPaper: NEITI has introduced accountability in the extractive sector

OrderPaper: NEITI has introduced accountability in the extractive sector

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 [...]

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    NNPC begins recruitment of fresh graduates

NNPC begins recruitment of fresh graduates

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 [...]

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Exchange Rates

March 22, 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.
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