The Nigeria LNG Limited, NLNG, has bagged the 2016 Excellence Award, from the Abuja Chamber of Commerce and Industry, ACCI, for its $12 million pan-Nigeria University Support Programme, USP.

With the worsening fuel scarcity facing Nigeria’s economy amid forex crisis, it appears effort by government to revive the economy is not yielding positive results. In some areas of Lagos, fuel scarcity is biting very hard as transportation fare has increased by 50 percent.

Following incessant cases of bank failure within the West African sub-region, regulators have been trained on new techniques for examining banks on risks associated with credit/default risk, foreign exchange risk, interest rate risk and liquidity risk to fit into the current trend in the dynamic financial environment.

A group of entrepreneurs, Social Enterprise Network Nigeria (SENN) set up in Lagos to impact lives through sustainable social initiatives has announced plans to empower about 100,000 Nigerians annually especially youths.

Evidence has shown that industralised nations of the world embarked upon education empowerment. And this is the way forward for developing countries especially African continent. Considering this, however, contributing sectors of the Nigerian economy, SMEs, entrepreneurs, manufacturing, IT, Oil and Gas etc. have realised the need for education if there must be a sustainable development in Nigerian economy.

LAGOS — In pursuit of its borrowing plans for budget deficit funding, the Debt Management Office, DMO, yesterday, said it would raise N100 billion in local currency denominated bonds on behalf of the government next week.

Manufacturers in the real sector of the economy have requested the federal government to grant them 18 months access to foreign exchange to enable them backwardly integrate.

The Bank of Industry (BoI) has accredited eleven Enterprise Development Centres and capacity building consultants to implement the bank’s Youth Entrepreneurship Support (YES) Programme.

Minister of Industry, Trade and Investment, Okechuckwu Enelamah has identified policy institutionalization as one of the current challenges confronting his ministry in implementing profitable policy that will shore up development for the economy.

THE Lagos State Internal Revenue Service (LIRS) has shut two companies for alleged failure to remit a N4.01 million Personal Income Tax of their employees to the state government. Mrs Ajibike Oshodi-Sholola, Head, Distrain Unit of the LIRS, said this after a state-wide tax law enforcement in Lagos on Tuesday.