Category: BUSINESS

The Association of Local Governments of Nigeria (ALGON) in association with Accelerated Building Technologies Limited, requires the services of three thousand and ninety six (3096) motivated and energetic individuals familiar with agricultural technology and relevant field work for its Comprehensive Local Agriculture Plan (C-LAP) project in the 774 Local Government Areas of Nigeria. Project C-LAP is a blueprint for bringing about ‘Agricultural Revolution’ in Nigeria. Each LGA has a total of 4 vacancies; (1) Agriculture Officer (3) Field Data Collectors. Candidate must reside in the LGA of interest, and should…

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The high expectations among Nigerians for an alternative to satellite television provider, DSTV has been shattered as the company that raised their hope, TSTV is unravelling owing to failure to obtain the necessary broadcasting and redistribution rights to the channels included its bouquet. In spite of officially launching on October 1, 2017 as heavily promoted, potential subscribers were soon disappointed as only dummies of TSTV’s set up boxes were symbolically unveiled at the event attended by Minister for Information, Alhaji Lain Mohammed. Subscribers have been told to wait indefinitely for…

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The Central Bank of Nigeria (CBN), in continuation of its efforts to sustain FOREX liquidity in the country, on Tuesday, October 3, 2017, intervened in the inter-bank Foreign Exchange Market to the tune of $195million. Figures released by the Bank show that it offered the total sum of $100million to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment received the sum of $50 million. The invisibles segment, comprising tuition fees, medical payments and Basic Travel Allowance (BTA), among others, received $45 million. The Acting Director, Corporate Communications…

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The minister of budget and national planning, Senator Udoma Udoma, on Wednesday said the 2018 budget will be ready in January 2018 instead of the October 2017 he earlier announced. Udoma, represented by Aso Vakporoye, deputy director, economic growth in the ministry, spoke in Abuja on Wednesday during the public presentation and capacity building on 2017 agriculture budget. “For 2018, the federal government part of it has been concluded with the hope that it will be submitted to the national assembly in January,” he said. “Government is putting more effort…

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The telecoms regulatory body of the country, Nigerian Communications Commission (NCC), has, in the last two years, remitted a total sum of N133,426,062,786 to the consolidated revenue fund of the Federal Government. Although NCC’s primary role is not to generate revenue for the government, but to nurture and regulate the industry, figures obtained from the commission show impressive remittance of funds to the coffers of the consolidated revenue of the Federal Government, especially in the last two years. For instance, the Commission’s last remittance to the consolidated revenue fund, which…

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The Central Bank of Nigeria (CBN) on Monday, September 18, 2017, threatened to sanction any Deposit Money Bank (DMB) in breach of its earlier directive of March 3, 2017 instructing them to, among other things, open teller points for retail forex transactions and to have electronic display boards in all their branches, showing rates of all trading currencies. This is even as the Bank sustained its intervention in the various sectors of the inter-bank Foreign Exchange market with the injection of $545 million. A circular issued by the Bank warned…

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Nigeria’s economic, industrial Fu Depends On Stainless Steel – SSDAN The world is moving away from carbon steel to stainless steel and Nigeria can’t be an exception. This was the position of the Stainless Steel Development Association of Nigeria (SSDAN) during the recently concluded first meeting of the National Council on Mines and Minerals Resources Development (NCMMRD). Speaking at the event which held in Abuja, Director General SSDAN, Timothy Onwughai, in a paper titled ‘Strategies for Implementation of the Roadmap for National Development disclosed that mining minerals and stainless steel…

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The President of the African Development Bank Group and Chairman of the Board of Directors of Africa50, Akinwumi Adesina, will attend the third shareholders meeting of Africa50, the pan-African infrastructure investment platform, in Dakar, Senegal, on Tuesday, September 12. The event will be held by 11:00 a.m GMT at the King Fahd Hotel. Macky Sall, President of the Republic of Senegal, as well as Bruno Tshibala, Prime Minister of the Democratic Republic of Congo, [please double check] will also participate in the event. Africa50’s 23 shareholder governments will be represented…

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The Central Bank of Nigeria (CBN), in its relentless effort to keep the inter-bank foreign exchange market liquid, on Monday, September 11, 2017 intervened with another sum of $250 million. A breakdown of Monday’s intervention indicates that the wholesale sector was offered the sum of $100 million, just as theSmall and Medium Enterprises (SMEs) window received a boost of $80 million. Those requiring foreign exchange to address needs such as Business/Personal Travel Allowances, school tuition, medicals, etc. were allotted the total sum of $70 million. The Bank’s Acting Director in…

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