BUSINESS

The Federal Government has reinforced the level of security at the Abuja, Lagos, Kano and other selected airports across the country. Officials of the Federal Airports Authority of Nigeria confirmed on Wednesday that the reinforcement was part of measures deployed to tackle any form of attack by criminals. On Monday the Federal Ministry of Aviation directed FAAN to increase security at airports after the FMA detected plans by criminals to […]

The UN peacekeeping mission in Mali (Minusma) has condemned the assassination of a rebel leader who was a signatory to a 2015 peace accord. The mission said Sidi Brahim Ould Sidati "was an important player" in negotiations and implementation of the Algiers peace deal. Ould Sidati was the head of Coordination of Azawad Movements, a mostly ethnic Tuareg alliance that rose against the government in 2012 seeking greater autonomy. He […]

Manufacturing sector’s intervention funds disbursed by the Central Bank rose to N803bn as of February. Figures obtained from the CBN reports on the Monetary Policy Committee has revealed. It stated that “Under the N1tn manufacturing intervention stimulus, the total of N803.36bn has been disbursed to 228 projects across various sectors in agro-allied, mining, steel production and packaging industries, among others. In May 2020, the CBN introduced guidelines for the implementation […]

The Federal Airports Authority of Nigeria has said that drivers are prohibited from picking up passengers at the frontage of airport terminals. This is as the agency called for compliance with all laid down protocols on COVID-19 to ensure the safety of all airport users. In a statement issued by the General Manager, Corporate Affairs, Henrietta Yakubu, FAAN said drivers can only approach the terminals when they want to drop […]

Thirty-two refinery project licenses issued to private investors in the country have become invalid in the past three years, according to the Department of Petroleum Resources. The DPR has said that the number of valid refinery project licenses stood at 23 as of March 2021, down from 44 in April 2018. An analysis of the agency’s new list of valid refinery project licenses and that of April 2018 showed that […]

The Central Bank of Nigeria has said that households and businesses affected by the COVID-19 can now apply for loans under its N50bn Targeted Credit Facility. It said the stimulus package was to support households and Micro, Small and Medium Enterprises affected by the COVID-19 pandemic, adding that beneficiaries could access up to N25m. This was disclosed in a tweet on Monday by the Nigeria Incentive-Based Risk Sharing System for […]

Members of the National Association of Resident Doctors have asked the Federal Government to honour its agreement with the union. They warned that should the government fail to honour its agreement in the next four weeks, they would be forced to declare another indefinite nationwide industrial action. President of NARD, Dr Uyilawa Okhuaihesuyi, said they have been given a leap of faith to believe in the system and hope that […]

Showbiz personalities, Sunny Neji, Asha Gangali and Matthew Ohio, have been appointed to the board of the Musical Copyright Society Nigeria. The appointment of Neji and Gangali followed MCSN’s agreement with the Performing Musicians’ Employers’ Association of Nigeria, which provides that the music body would have two seats on the board of MCSN. On the other hand, Ohio’s appointment was said to be based on his wide interest and representations […]

The Senate Public Accounts Committee has summoned a former managing director of the Federal Mortgage Bank of Nigeria, Mallam Gimba Kumo, to appear before it to explain the rationale behind the alleged irregular award of N3bn when he was at the helms of affairs of the bank. The Senate panel, currently scrutinising the 2015-2018 report of the Auditor-General for the Federation, took the decision following a query raised against the […]