Wage bill, other spending exceed subsidy savings — Oyedele
…Govt saved N15.8trn from subsidy removal, naira floatation …FG got only N5.43trn, borrowed N11.85trn …No large pool of cash available to FG By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has clarified that the N15.8 trillion saved from fuel subsidy removal and the flotation of the naira between June 2023 and December […]
Lack of tug boats frustrate eastern ports’concessionaires’ efforts
Effort of terminal operators to revive the already moribund Eastern ports with heavy financial investments are being frustrated by the Mallam Abdulsalam Mohammed led management of the Nigerian Ports Authority (NPA) which has refused to allocate tug boats to the ports in the region.
STOA laments poor port access road
By Godfrey Bivbere Seaport Terminal Operators Association of Nigeria (STOA) has lamented the poor port access road, noting that it is contributing to increase freighting goods from the nation’s ports in Lagos, even as it kicked against the introduction of the wharf landing fees (Wharf landing fee is a new levy introduced by the Lagos […]
IDL plans expansion into African markets
Intercontinental Distillers Limited (IDL) has announced its plans to expand the distribution of its products across the African market in the next couple of years.
BATN supports appropriate regulation of tobacco industry
The British American Tobacco Nigeria (BATN) has expressed its support for appropriate regulation of tobacco industry. This, the company believes, will help reduce the impact of tobacco on public health in the country. The company made this known at the public hearing for the anti-tobacco bill in the Senate.
Moneywise publishes ‘Wealth Report’ on Lagos State
Moneywise, Nigeria’s premier personal finance company, is set to publish “The Lagos Wealth Reportâ€.
The report, which will be published in September 2009, will be the first in the series of reports on how state governments in Nigeria utilise public funds to create wealth for their citizens.
Stakeholders commend Oceanic Bank for making provision for loan loss
Ahead of its 2009 Annual General Meeting (AGM), operators and other stakeholders have commended the Oceanic International Bank Plc for writing off bad loans as directed by the Central Bank of Nigeria (CBN).
Lagos deep off-shore can generate N1.5bn annually —NEPZA
Optimum ultilisation of Lagos Deep Off-Shore Logistics (LADOL) will save the economy about N1.5 billion ($10 million) annually and create thousand of jobs , said
Capital market operators applaud banks for margin loans write off
Capital market operators have commended some banks operating in the country for the bold step to write off their margin loans and re-start on a clean slate in line with the Central Bank of Nigeria (CBN) policy of total disclosure.
Blue chips’ loss further depresses market value by N102bn
By Michael EbohBy Michael Eboh Occasioned by losses on the share prices of majority of the listed equities, the value of listed equities on the Nigerian Stock Exchange (NSE) dipped, Tuesday, by N102.18 billion. Particularly, the value of listed equities, represented by the market capitalisation, dropped by 1.93 per cent to close at N5.195 trillion […]
NACCIMA endorses short-term cement import
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), said it endorsed short-term or temporary importation of bagged cement, stressing the policy would help to bring the price down, create availability and regular supplies at fair prices to consumers.
