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NBC sanctions 23 radio stations

The National Broadcasting Commission has sanctioned 23 broadcasting stations for various breaches of the Nigeria Broadcasting Code. The Head, Public Affairs, NBC, Mrs Maimuna Jimada, said in a statement on Wednesday in Lagos, that the sanctions were for breaches in the third quarter of 2017. The broadcasting stations were fined a total of N2.849m. Jimada said that the contraventions included ...

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SEC to begin capital market curriculum in schools

  The Securities and Exchange Commission said it would begin capital market curriculum in primary and secondary schools in September 2018. The Director-General of SEC, Mr Mounir Gwarzo, disclosed this at the World Savings Day celebration on Tuesday in Abuja. The theme of the event is “Promoting Awareness on the Importance of Saving”. The event was organised by the SEC, ...

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FG contracts $186m waterways security to Israeli firm

THE Federal Government yesterday said it had contracted the security of the nation’s waterways to an Isreali security firm at the cost of $186 million.   Disclosing this in Lagos, at the World Maritime Day with the theme, “Connecting Ships, Ports and People,” Minister of Transport, Mr, Rotimi Amaechi, said the three-year contract would also see the firm train members ...

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Breaking: NNPC commences crude oil exploration in Nasarawa state

Oil search in the nation’s inland basins received a fresh impetus following the commencement of exploration activities in the Benue Trough by the Nigerian National Petroleum Corporation (NNPC).   According to a statement by the NNPC in Abuja, Group Managing Director of the Corporation, Mr. Maikanti Baru, announced this development during a visit to the Governor of Nasarawa State, Mr. ...

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Nigerians In USA And Nigeria Celebrate As “Round The Clock Cargo” Introduces Door-To-Door Online Shopping And Shipment

For many Nigerians Living in the United States and those in Nigeria as well, the headache of getting a reliable means of shopping online, prompt shipment and accurate delivery to destinations this Christmas season has been taken care of with the coming on board of a logistic firm known as “Round The Clock Cargo”.   Shipment from anywhere in the ...

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Banks to keep database of fraudulent customers

      The Central Bank of Nigeria has directed banks to establish a database of their customers identified through their Bank Verification Numbers (BVNs) to be involved in a confirmed fraudulent activity in the banking industry. The directive was contained in the Regulatory Framework for Bank Verification Number (BVN) Operation and Watch-list for Nigerian Financial System released by the CBN. The implementation ...

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Presidency says There Is No $25bn NNPC Contract Anywhere

The Presidency has faulted reports that $25bn worth of oil contracts were awarded by the Nigerian National Petroleum Corporation (NNPC) or that $25bn was missing in the NNPC. This was contained in a statement issued on Sunday by the Senior Special Assistant to the Vice President on Media and Publicity, Mr Laolu Akande. On October 12, Vice President Yemi Osinbajo ...

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NERC fines IBEDC over failure to recover N5.75b from investor

   Following the outcome of an open book review conducted on the financial records of Ibadan Electricity Distribution Company plc (IEDC), the Nigerian Electricity Regulatory Commission (NERC) found the company wanting on two grounds of inappropriate financial transactions and was subsequently fined a sum of N50m. The fine was account of its failure to secure a refund of an interest ...

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2018 budget goes to NASS this month – budget minister

    The Executive has concluded plans to submit the 2018 budget to the National Assembly before the end of this month. This disclosure was made by the minister of state for Budget and National Planning Hajia Zainab Mohammed at a press briefing to mark the end of the 23rd Nigerian Economic Summit in Abuja on Thursday. Hajia Mohammed said the ...

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Minister of Budget and National Planning says ERGP Is Entering A New Phase

    The Federal Government says the implementation of its Economic Recovery and Growth Plan is entering a new phase. This is coming from the Minister of Budget and National Planning, Senator Udo Udoma, as global commendations continue to trail the government’s economic plan. He made the disclosure on Tuesday in his address at the 23rd Nigerian Economic Summit in Abuja, ...

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