A major step to giving Nigerians a modernised railway was taken yesterday when Acting President Yemi Osinbajo inaugurated the construction of the Segment II of the Lagos-Ibadan Rail Project at the Nigerian Railway Corporation (NRC) Compound in Ebute Metta, Lagos. It will be extended to the Lagos Ports Complex in Apapa to facilitate

Read more...

Lagos State Government has commenced leadership training for over 500 youths selected across the state. Speaking at the flagging-off of five-day training tagged IBILE Youth Academy (IYA) at Epe Recreation Centre, Commissioner for Youth and Social Development, Mrs Uzamat Akinbile-Yusuf, said the training was aimed at making the youth

Read more...

A consortium of local banks may assume the management of Etisalat Nigeria over unpaid loans extended to the telco about two years ago, The Nation has learnt. The development is a fallout of the difficult being faced by the telco in settling the. Already, the telco has approached the Central Bank of Nigeria (CBN) and the Nigerian

Read more...

Banks have up to 24 hours to meet all FOREIGN EXCHANGE requests for Personal Travel Allowances (PTA) and Business Travel Allowances (BTA), the Central Bank of Nigeria (CBN) has directed. The maximum volume of BTA approved for sale per customer is $5,000 quarterly. A PTA customer gets $4,000. The CBN also announced at the weekend a

Read more...

A market-driven exchange rate regime is in the works, going by the Federal Government’s economic plan released yesterday. There has been pressure that the naira should be allowed to float, its worth dictated by market forces. This, argue some experts, will attract investors. But the government insists that no country surrenders totally its currency

Read more...

The Federal Government is set to prosecute contractors who abandon projects in the Niger Delta, Acting President Yemi Osinbajo said yesterday. Prof. Osinbajo spoke at a town hall meeting in Benin City, the Edo State capital, as part of his fact-finding visits to the Niger Delta states. The meeting was almost marred by a protest by some members of oil

Read more...

The naira yesterday closed at N445 to dollar, N15 weaker than N430 traded on Monday. The local currency is expected to firm up in the days ahead as the impact of the $180 million intervention from the Central Bank of Nigeria (CBN) and plans to sell Personal and Business Travel Allowances begin to add up. Naira has been rallying against the dollar

Read more...

More Articles...

Sweet Music, Sweet Talk !


STUDIO LINES:
0902-094-1071 | 0902-093-1071
0814-844-4994

Listen Live