The Management of Enugu Electricity Distribution Company has appealed to the Federal Government to settle the N4.4bn electricity bills of its Ministries, Departments and Agencies in the South-East. Acting Managing Director of the company, Mr Paul Okeke, made the call while speaking with the
BUSINESS
The Central Bank of Nigeria (CBN) has finalised arrangement with Nigeria Export-Import Bank (NEXIM) to assist local manufacturers who are interested in non-oil exports, according to its governor, Mr Godwin Emefiele. Emefiele announced this at a seminar for Finance Correspondents and Business Editors, held in Uyo, Akwa Ibom on Monday. He was represented by the […]
The Nigerian Communications Commission said that MTN has paid N165bn out of the N330bn fine imposed on it due to its inability to disconnect improperly registered SIM cards. Executive Vice Chairman of NCC, Prof. Umar Danbatta, said this on Monday in Abuja when MTN Group, led by its Chairman in Nigeria, Dr. Pascal Dozie, visited the […]
Nigeria’s foreign reserves have continued to grow significantly with latest figures by the Central Bank of Nigeria (CBN) at about $47.37 billion as at April 5. The new figures rose from about $46.2 billion realised at the end of March. The CBN Governor, Godwin Emefiele, announced the new balance in the reserves on Monday at […]
German airline giant Lufthansa said it will cancel “more than 800” flights Tuesday as public-sector workers walk out on strike for more pay, hobbling major airports like Frankfurt. “Lufthansa must cancel more than 800 of its planned 1,600 flights tomorrow, including 58 long-distance services, because of the strike. The cancellations affect around 90,000 passengers,” the
The Economic Community of West African States (ECOWAS) says its rice offensive programme will make self-sufficiency in rice a reality in the sub-region by 2025. Mr Ernest Aubee, Principal Programme Officer and ECOWAS Head of Agriculture Division, made the disclosure in an interview with News Agency of Nigeria (NAN) in Abuja on Monday. Aubee said […]
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