Governor, Central Bank of Nigeria , Mr. Godwin Emefiele, yesterday, attributed the pressures on exchange rate in the parallel market to illegal and criminal activities of some individuals. Emefiele stated this while receiving the Vanguard Newspaper Personality of the Year Award at a colourful event held in Lagos.
Category: Lagos, Nigeria
NCC, CBN halt Etisalat’s takeover
The Nigerian Communications Commission and the Central Bank of Nigeria have got reprieve for Etisalat on the loan default crisis facing the company. Mr Tony Ojobo, the Director of Public Affairs of NCC said in a statement on Saturday in Lagos, that the reprieve came following a meeting convened by CBN and NCC to find a quick resolution to the crisis.
NCC, CBN halt Etisalat’s takeover
The Nigerian Communications Commission and the Central Bank of Nigeria have got reprieve for Etisalat on the loan default crisis facing the company. Mr Tony Ojobo, the Director of Public Affairs of NCC said in a statement on Saturday in Lagos, that the reprieve came following a meeting convened by CBN and NCC to find a quick resolution to the crisis.
TA Associates invests in Interswitch
TA Associates said March 6 that it acquired a minority stake in Interswitch . Financial terms weren’t announced.
FIRO boast:We are capable of alleviating poverty in nigeria
General of the Federal Institute of Industrial Research ,Oshodi-Lagos, says the institute has the capacity to alleviate poverty in Nigeria. Elemo made this known when she was defending the institute’s 2017 budget proposal before the Senate Committee on Science and Technology, on Tuesday in Abuja.
Quest for Diaspora Dollars Takes Nigerian Bank Globetrotting
Tunji Adeyemi traveled from Lagos to Britain seeking to persuade Nigerians living there to deposit their pounds in his bank’s vaults. Based on the crowds of people sitting at tables filling out forms in a Glasgow arts center, he’s finding a receptive audience.
Indices will get better in 2017 financial year – Puchercos, CEO of Lafarge Africa
M ichel Puchercos, is the Managing Director, Lafarge Africa Plc, one of the largest cement groups in Africa, a member of the French global cement giant, LafargeHolcim Group, with a huge presence in Nigeria. With decades of experience in cement industry across the world through South Korea, Kenya and Uganda, Tanzania, and France, Puchercos’ career span extensive operational and strategic experience both at Junior and Senior levels with small and medium organizations, cooperatives and multinationals organisations.
Fayose faults Chibok girls abduction
Lagos- Governor Ayo Fayose of Ekiti State yesterday declared reports of the abduction of more than 250 girls from Government Secondary School, Chibok, Borno State as a ruse staged to frustrate the re-election of former President Goodluck Jonathan. This came as he hinged the challenges confronting the country’s economy on the insensitivity and body language of the president among members of the international community.
Power generation drops to 2662 megawatts on Sunday – TCN
The Transmission Company of Nigeria said that the nation’s power generation capacity dropped from 3,959 megawatts on Jan. 4 to 2,662 megawatts on Jan. 22. The Nigerian Electricity System Operator website, a sub agency of TCN, disclosed the figure in its daily forecast on power generation data in Lagos on Sunday. TCN attributed the drop to low water levels at the hydro power stations and dearth of gas to the power generating companies.
Telecoms service providers should consider reduction in tariffs- Ogunbanjo
The National Association of Telecommunications Subscribers has called on operators to ensure continuous improvement in the Quality Of Service they offer. NATCOMS President, Chief Deolu Ogunbanjo stated this in Lagos on Sunday, that there was marginal improvement in the QoS rendered by the service providers in 2016.
Mr Eazi’s – Life is Eazi – ” Detty world tour’ kicks off in New York, March 11
Nigerian-born Afrobeat singer Oluwatosin Oluwole Ajibade aka Mr Eazi, who is getting ready for the launch of his much-anticipated mixtape Accra to Lagos, will kick off his Life is Eazi – DETTY World Tour this March. Scheduled to start in New York City, the tour is expected to see him make stops at several other destinations across the globe, like was the case with his Life is Eazi tour last year, which was crowned in Lagos last month.
We are stronger united, Gbajabiamila tells Nigerians
The Majority Leader of the House of Representatives, Mr Femi Gbajabiamila, has urged all Nigerians, regardless of ethnic or religious backgrounds, to live in unity with one another for a stronger, better nation. Gbajabila spoke in Lagos on Saturday at the”New Year Luncheon`he organised for members of the Igbo communities in his Surulere 1 Constituency.
Love Zone: Searching for a partner?
Networking/ Sponsorship a Titilayo, needs kind hearted Nigerians to sponsor her father’s treatment of prostrate cancer, acct 0033545061, Diamond Bank, Titilayo Joseph.09033117631 a Omoregba, 28, resides in Benin, needs someone to sponsor his music career. 09098714819 a Abiodun, needs a matured Yoruba business lady for serious partnership.08031901055 a Friday, 37, needs kind hearted responsible Nigerians for sponsorship to start and fulfil his Agric business crop production.08089674473 a Lanre, 26, a photographer and a graphic designer, needs a kind hearted person to support him financially to start up his photography job.
Retired veterans need your support – Saraki urges Nigerians
Her Excellency, wife of Senate President and Chairperson, Wellbeing Foundation Africa, Mrs. Toyin Saraki has called on Nigerians in both public and private sector to support retired Nigerian military men and women to re-enter the society and their home communities without bias, saying the nation owe these veterans a great debt after selfless services to the country. Speaking at a facility tour to the Nigerian Army 9th Brigade Medical Center, Ikeja Cantonment, Lagos, on Friday 20, in a continued commemoration of Nigerian Armed Forces Remembrance Day, Mrs. Saraki said; “Nigeria is a country that has known great difficulty, and great conflict.
21 states spend N37.4b on pension for 47 ex-govs
Former governors are exerting pressure on the finances of state governments with pension payments and other entitlements draining billions of naira every year from developmental funds for the states. Over N37.367 billion was, according to Vanguard findings, expended on servicing 47 former governors from 21 sates in pension payments and provision of houses, staff and vehicles replaceable between three and four years.
Operator tasks NTDC on hotels classification
Mr Ayo Olowoporoku, the Group Managing Director, Hotel Support Group has tasked the Nigerian Tourism Development Corporation on the imperative of grading, standardisation and classifications of hotels across the country. Olowoporoku stated this in Lagos on Saturday that there were lots of substandard hotels in the country and that “classification will help to show which is where”.
Nigerian legislators debate offering asylum to Gambia leader
LAGOS, Nigeria – Nigerian legislators are debating whether to offer asylum to Gambia’s longtime leader, who is refusing to cede power after losing elections. Rep. Yisa Orker-Yev told The Associated Press a motion to offer a safe haven to President Yahya Jammeh will be debated later Thursday.
Court awards deaf, dumb N4m damages for assault
Benin High Court presided over by Justice Alero Edodo-Eruaga has awarded the sum of N4million as general damages to a hearing impaired man, Mr. Kingsley Eromosele. Mr. Eromosele had dragged the First Bank of Nigeria and two of its staff, Messers Jerry Osoleaso and Adetola Busari to court for damaging his car and assaulting him.
Nigeria: West Africa will act on Gambia election crisis
In this Thursday, Dec. 1, 2016 file photo, Gambia’s President Yahya Jammeh shows his inked finger before voting in Banjul, Gambia. Family members told The Associated Press on Wednesday, Jan. 4, 2017, that Independent Electoral Commission chairman Alieu Momarr Njai has gone to Senegal, as the political standoff deepens between Jammeh and President-elect Adama Barrow.
Migos – “Call Casting” Video
Near the end of last month, Atlanta rap trio Migos, flying high on the strength of their stupidly addictive single “Bad & Boujee,” went to perform in the Nigerian metropolis of Lagos. The footage of them doing “Bad & Boujee” in front of a ridiculously hyped-up Nigerian crowd is the best thing you will see today: “Bad And Boujee” is the first single from the trio’s forthcoming album Culture .
News Region to send in troops if Gambia president won’t step down
We collect zip code so that we may deliver news, weather, special offers and other content related to your specific geographic area. We have sent a confirmation email to {* data_emailAddress *}.
Penspen forms alliance with Nigeria’s Crestech Engineering
Penspen, a provider of engineering and project management services, has signed a strategic alliance agreement with Nigerian engineering firm Crestech. The partnership will enable the two businesses to provide engineering, project management and asset integrity services and operation and maintenance services for oil, gas and energy assets in Nigeria.