CBN to Nigerians: Handle Naira with dignity
KANO — The Central Bank of Nigeria, CBN, has urged Nigerians, particularly traders, to handle the naira with care, pride and dignity to prolong the lifespan of banknotes and reduce the cost of replacing soiled and mutilated currency. The Director, Currency Operations and Branch Management, Dr Adedeji Adetona, gave the advice on Monday during a […]
Stakeholders laud FG’s release of N300bn for capital projects
Stakeholders in the Nigerian financial sector have commended the Federal Government for releasing N300 billion for capital projects in the third quarter of 2012.
Power: FG commissions Delta IV
THE Federal Government, Friday, commissioned GT 18, a unit generating 130 mega watts in Delta IV, in the Ughelli Power PLC, assuring Nigerians of improved power supply before the end of the year.
Nigerians lament new import duty on flour as small scale bakers may close shops
Importers and dealers recently had their expectations dashed with the increment of the import duty on wheat grains to 20% and flour to 35% as contained in the 2012 Appropriation Bill that was recently presented by the President to the National Assembly.
FG to revamp Warri Refinery, redouble crude oil production
The Group Executive Director, Refinery and Petro-Chemical of Nigerian National Petroleum Corporation (NNPC), Mr. Tony Ogbuigwe said yesterday in Asaba that NNPC was ready to strengthen and carry out aggressive maintenance of Warri refinery in its effort to double production of crude oil in the country.
FG releases N460M for cassava value chain programme
The Federal Government has committed the sum of N460 million for the implementation of the national cassava value chain programme , aimed at maximizing cassava industrial potentials.
