The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu yesterday said the Federal Government loses between $500million and $1billion yearly to gas flare data falsification in the country. He spoke at the Gas Competence Seminar in Abuja, which had: Towards ending gas flaring and unlocking gas potential in Nigeria as its theme.
The Lagos State Government says it is set to partner the National Images Incorporation to train 5,700 youths in agro-business. The Permanent Secretary, Ministry of Local Government and Community Affairs, Mr. Olakulehin Dapo, said the government was ready to support the scheme to enable youths in the state to be self-reliant. He said, “The
Minister of Communications Technology Adebayo Shittu has debunked claims that he approved data tariff increase by telcos. Rather, he said the Federal Government reneged on most of the promises it made to the telcos when they were being licensed to provide services in the country. The minister spoke while fielding questions from reporters in
The Naira on Friday remained stable at the parallel market, exchanging at N485 to a dollar. The Pound Sterling and the Euro closed at N602 and N515, respectively. At the interbank market, the Naira also remained stable at N305.50 to a dollar. Trading at the Bureau De Change (BDC) window saw the Naira sold at N399 to a dollar, CBN controlled
Seventeen states of the federation are to benefit from the 2016/2018 Medium Term Development Plan of the Federal Government which is expected to be financed from the $29.9 billion loan being sought by President Muhammadu c. The states, according to a document sighted by The Nation yesterday in Abuja, include Kaduna, Ogun, Borno,
The adoption of a single currency among member-states of the Economic Community of West African States (ECOWAS) by 2020 is under threat because of the free fall in naira value, members of the ECOWAS Macroeconomic Policy Committee on Multilateral Surveillance, have said. They spoke during a two-day technical meeting in Abuja at the
The Institute for Service Excellence and Good Governance (ISEGG) yesterday conferred on the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele a Lifetime award for Banking, Finance and National Development. Emefiele received the award at the first Annual lecture, Awards and Induction ceremony of the Institute for Service Excellence and