Daily News
VANGUARD
CBN to Combat N1.6trn Excess Liquidity in February Amidst Rising Business Confidence
The Central Bank of Nigeria, CBN, is set to intensify its liquidity mop up efforts to deal with excess liquidity of N1.6 trillion expected in the interbank money market this month, amidst rising business confidence over improved macroeconomic conditions during the month. The Business Expectation Survey conducted by the apex bank in January shows increased optimism in the economy… Read more
Afreximbank Targets $4bn FDI with Export Development Fund
African Export-Import Bank (Afreximbank) said it hopes to attract $4 billion foreign direct investment (FDI) inflow into Africa through its Fund for Export Development in Africa (FEDA). Prof. Benedict Oramah, President of the Bank disclosed this while speaking in Tunis during the opening of the Financing Investment and Trade in Africa conference organized by the Tunisia-Africa Business Council… Read more
TRIBUNE
FDI from UK to Nigeria May Rise to $4.5 Billion by 2030 ― Awolowo
The Executive Director of the Nigerian Export Promotion Council (NEPC), Segun Awolowo has stated that the Foreign Direct Investment (FDI) from United Kingdom (UK) into Nigeria could rise from $1 billion to $4.5 billion by 2030. Awolowo disclosed this at the Nigeria-United Kingdom Trade Diagnostic Study programme in Abuja at the weekend. He said the increase could be achieved through… Read more
DAILY TRUST
AEDC Unveils N982m Automated System for Improved Services
The Abuja Electricity Distribution Company (AEDC) has unveiled a €2.4 million (about N982m) Integrated Commercial Management Systems (InCMS) automated platform to improve customer service experience and reduce its losses. The Managing Director of AEDC, Engr. Ernest Mupwaya, after the system was commission in Abuja, said, “The cost of this is roughly two million Euros… Read more
LEADERSHIP
$43m Debt: Court Warns Against Concluding 9mobile Sale
Justice Binta Murtala- Nyako of a Federal High Court sitting in Abuja, has warned the Central Bank of Nigeria (CBN), the Nigerian Telecommunication Commission (NCC) and others involved in the transaction for the sale of telecom firm, Etisalat (9mobile) against taking further steps to conclude the sale. The warning came following the claim by some aggrieved investors that despite… Read more
THIS DAY
Cooking Gas Scarcity Looms as NIMASA Detains NLNG Vessel
Nigerians may experience scarcity of Liquefied Petroleum Gas (LPG), better known as cooking gas, following the detention of NLNG Limited’s vessel by the Nigerian Maritime Administration and Safety Agency (NIMASA) over alleged violation of the Cabotage Act, THISDAY has learnt. It was gathered that the detention of ‘MT Navigator Capricorn,’ the only vessel that supplies cooking gas… Read more
PUNCH
Federal Government Should Recover $60 Billion Lost Oil Revenues
The more the Muhammadu Buhari Government trumpets change, the more evidence emerges that Nigeria is stuck in the rut. Fresh proof of this was provided last Tuesday by the news that the treasury lost up to $60 billion in revenues due to the failure of successive governments to review the Production Sharing Contracts with the oil producing companies. Shettima Abba-Gana, acting Chairman… Read more
VANGUARD
Elections Would Hold Despite Attacks On Our Offices, INEC Vows
The Independent National Electoral Commission, INEC, has said it would press ahead with preparations for Saturday’s Presidential and National Assembly elections despite recent incidences of attacks on two of its offices. Festus Okoye, a National Commissioner and Chairman, Information and Voter Education Committee of INEC disclosed this in a statement issued Sunday night in Abuja… Read more
INEC, Agbaje Trade Words Over Seizing of Non-Indigenes’ PVCs in Lagos
The Jimi Agbaje Campaign Organisation, JACO, yesterday, accused officials of the Independent National Electoral Commission, INEC, of allegedly colluding with the All Progressives Congress, APC, to disenfranchise non-indigenes resident in Lagos. JACO alleged that INEC personnel, acting the script, were undertaking discriminatory distribution of PVCs by withholding the cards of non-indigenes… Read more