Fayemi briefs Buhari on $150m W’Bank mining loan:The Minister of Solid Mineral Development, Dr. Kayode Fayemi, on Thursday informed President Muhammadu Buhari of the $150m loan approved by the World Bank for the country’s mining sector.
NNPC diversifies into health sector: The Nigerian National Petroleum Corporation on Thursday announced its readiness to diversify into the health sector.
NECA cautions on minimum wage review: Nigeria Employers’ Consultative Association (NECA) has urged stakeholders in the socio-labour community and players in the Nigerian Industrial Relations’ System to be circumspect in their pursuit of increased minimum wage.
Lagos seeks forex, interest rate convergence:Lagos State Governor, Mr. Akinwunmi Ambode yesterday called for convergence in foreign exchange (forex) rates and interest rates’ reduction.
Vanguard
Mixed reactions trail CBN’s new forex allocation to SMEs: Small and Medium Enterprises (SMEs) operators are cheering and at the same time, fretting over the foreign exchange window created for them by the Central Bank of Nigeria, CBN, to import critical raw materials and machinery.
Unilever to divest its spread, posts 60% PAT growth: UNILEVER Nigeria Plc has disclosed its intention to divest its spread (bread spread) business, even as it releases its first quarter results ended March 31, 2017, which indicated strong top-line and bottom-line positions.
Guardian
Power generation firms are operating at a loss: Association of Power Generation Companies of Nigeria (APGCN), has said its members are operating at a loss, as the percentage of revenues received do not cover their operating costs.
Condemnation trail Arik’s N387b debt estimate: A groundswell of condemnation has trailed alleged mismanagement Arik Airline following additional revelations by the Assets Management Corporation of Nigeria (AMCON) that the former managers systematically plunged the airline into N387 billion debt.
This Day
Customs Rakes in N14.3bn in Three Months: Despite the downturn in the economy, the Nigeria Customs Service (NCS), Murtala Mohammed Airport Command, Ikeja, Lagos, has announced revenue of N14.399 billion in the first quarter (Q1) of 2017, compared with N11.1 billion earned in the corresponding period of 2016.
