The Nigerian Maritime Administration and Safety Agency (NIMASA) has bagged the “Public Organisation of the Year” Award, organised by TELL Communication Limited to mark the maiden edition of its yearly Awards for Excellence. Its Director-General, Dr. Dakuku Peterside, received the award at the Civic Centre, Victoria Island, Lagos. The promoters of the event said NIMASA […]
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The total pension assets under the Contributory Pension Scheme rose to v6.4tn at the end of April this year. Figures obtained by correspondent from the National Pension Commission revealed that 55 per cent of the fund, totalling ₦3.6tn, was invested in FGN bonds. According to the commission, the fund rose from ₦4.6tn at the end […]
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Despite the Federal Government’s plan to produce 200,000 metric tonnes of sugar yearly, its importation rate has risen. Correspondent gathered this, that the country has been producing only 70,000 tonnes, far off its target because of poor infrastructure and high cost of manufacturing refined sugar. Findings revealed that between April this year and this year […]
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Vandalism of oil pipelines in the downstream sector of the petroleum industry recorded a drop of 12.77 per cent in April 2017, the monthly financial and operations report of the Nigerian National Petroleum Corporation has showed. According to the report, which was released in Abuja on Monday, downstream pipeline sabotage decreased from 94 vandalised points […]
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The Federal Government has unveiled a $300 million World Bank loan facility to support new housing scheme known as the National Housing Finance Programme (NHFP). The initiative, according to the Deputy Director, Other Financial Institutions of the Central Bank of Nigeria (CBN), Mr Adedeji Adesemoye is a Public Private Partnership (PPP) programme, designed to improve […]
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At the last count, 29 million Nigerians are jobless, according to the National Bureau of Statistics. But the Lagos State Government through the ₦25 billion Lagos State Employment Trust Fund (LSETF) has launched a massive programme to fund job placement services and training programmes for the unemployed. The initiative, if replicated by other states, could […]
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The Nigeria Employers Consultative Association, NECA, has expressed concern over the non-approval by the National Assembly of Board of some key regulatory agencies, including the Securities and Exchange Commission, SEC; National Pensions Commission, PenCom; Financial Reporting Council of Nigeria, FRCN; and Nigerian Social Insurance Trust Fund, NSITF. Speaking at a press conference to mark the […]
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Nigeria has moved down by five places to 119 out of 127 economies ranked in the 2017 Global Innovation Index from the 114th position it attained in 2016. The index measures innovation performance in countries globally. A report on the ranking stated that Nigeria performed poorly in the areas of political stability and safety, rule […]
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