Nigeria spends N1.5trn on raw materials imports in 6 months

Nigeria spends N1.5trn on raw materials imports in 6 months

By Yinka Kolawole Nigeria imported raw materials worth N1.51 trillion in the first six months of 2021 (H1 2021), Vanguard findings have shown. A breakdown in the Foreign Trade Statistics of the National Bureau of Statistics (NBS) revealed that importation of raw materials into the country in the first quarter of the year (Q1 2021) gulped N669.2 […]
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FOREX: Turnover in I&E window faces decline

FOREX: Turnover in I&E window faces decline

Falls 10% to $27.59bn in 11 months By Elizabeth Adegbesan The volume of dollars (turnover) in the Investors and Exporters (I&E) window May close the year 2021 lower than the 2020 figures going by the figures at the end of November which stood at $27.59 billion, representing a 10 per cent decline from $30.82 billion in the corresponding […]

Sigma Pensions committed to meeting customer expectation

Sigma Pensions committed to meeting customer expectation

By Rosemary Iwunze Sigma Pensions Limited says it is committed to meeting its customer’s expectation and remains wholly guided by the law governing pension administrations in Nigeria. The Pension Fund Administrator (PFA) is reacting to the judgment at the National Industrial Court granting retirees’ access to 50 percent lump sum of their Retirement Savings Account […]

UBA customers to win big in Super Savers promo draw

UBA customers to win big in Super Savers promo draw

The United Bank for Africa (UBA) Plc has assured its loyal customers of a memorable Christmas as the bank is set to reward thousands of them with prizes in its upcoming super saverspromo draw. The  draw will be held virtually today through Facebook and Youtube platforms where 23 Bumper account holders will smile home after a transparent draw in several categories including; N2 million, N1.2 million, N500,000 and N100,000 […]

DELTA 2023: THE MAN WITH VISION FOR THE PEOPLE

DELTA 2023: THE MAN WITH VISION FOR THE PEOPLE

By Allison Abanum A red ball is unmistakable amongst a stack of white balls. Such theory is universally accepted because of its validity. It’s inherent characteristics a major tool for distinction. From one generation to the other, humanity is graced with the presence of personalities worthy of citing analogies parallel to a distinct red ball […]

Africa needs flexible, efficient refineries to meet demand, says ARDA

Africa needs flexible, efficient refineries to meet demand, says ARDA

By Obas Esiedesa, Abuja The African Refiners and Distributors Association (ARDA) has pointed out that flexible and efficient refineries were needed on the continent to meet the demand for clean energy for transportation and cooking in the coming years. According to the Executive Secretary of ARDA, Anibor Kragha, with growing energy demand and rapidly rising population […]

Presidency attacks PDP over comments on Buhari’s attendance of Chief Akande’s autobiography launch

Presidency attacks PDP over comments on Buhari’s attendance of Chief Akande’s autobiography launch

By Johnbosco Agbakwuru ABUJA—THE Presidency last night attacked the main political opposition, the Peoples, Democratic Party, PDP, over its attack on President Muhammadu Buhari for attending the launch of the autobiography by the pioneer chairman of the All Progressives Congress, APC, Chief Bisi Akande titled, “My Participations.” The opposition PDP had taken a swipe at […]

Three West African countries yet to pay for electricity supplied to them – NERC

Three West African countries yet to pay for electricity supplied to them – NERC

By Chris Ochayi ABUJA: The Nigerian Electricity Regulatory Commission, NERC, has disclosed the three countries in West Africa has yet to pay for electricity supplied to them from Nigeria in the second quarter of 2021. The regulatory agency which said this in its Second Quarter Report 2021 just released in Abuja, noted that the power […]

Election Bill: No communication yet-Kalu, Reps’ Spokesman

Election Bill: No communication yet-Kalu, Reps’ Spokesman

…says lawmakers “ll meet Tuesday By Levinus Nwabughiogu-Abuja Spokesman of the House of Representatives, Hon. Ben Kalu has said that there was no communication yet with regards to the expected presidential assent to the amended electoral bill. It will be recalled that the constitutional 30 days window given to the president to give his assent […]

External reserves fall by $1.1bn in 6wks

External reserves fall by $1.1bn in 6wks

By Babajide Komolafe The nation’s external reserves fell by $1.12 billion in six weeks to $40.71 billion last week.  Data by the Central Bank of Nigeria, CBN, showed that the external reserves fell to $40.71 billion on Wednesday last week, December 15th, from Friday October 29th.  According to the apex bank the external reserves fell by […]

FG to explore tested strategies to alleviate housing challenges — Fashola

FG to explore tested strategies to alleviate housing challenges — Fashola

By Nkiruka Nnorom In a renewed push to alleviate housing challenges, the Federal Government has said that it is ready to explore tested strategies that have worked in other countries along with formulate new policies. The Minister of Works & Housing, Babatunde Fashola, stated this at the Lafarge Africa’s Concrete Idea webinar series tagged: “PPPs in […]