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LAKE Rice: Residents laud Ambode, as Govt begins sale at designated centres

The Lagos State Government on Thursday commenced the sale of Lake Rice in designated centres as announced for the forthcoming Eid-el-Kabir celebration. In most of the sale centres visited, residents were seen queuing up and buying the item in orderly manner. Lagos residents queue to buy LAKE Rice at one …

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Afreximbank introduces $300m equity offering to Nigerian investors

The African Export-Import Bank (Afreximbank) on Thursday in Lagos met with leading Nigerian investors to push for strong participation in the bank’s $300 million equity offering. Dr Benedict Oramah, the President of Afreximbank, told the investors that the equity offering would be issued through depository receipts backed by its Class …

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Kano owes pensioners N11.2bn unpaid benefits -NLC

By AbdulSalam Muhammad NIGERIAN Labour Congress, NLC, has pleaded with the Kano State government to pay pensioners their backlog of unpaid benefits, lamenting that the state government owed over N11.2 billion of gratuities, death benefits and pension arrears. Kano NLC chairman, Kabir Ado Minjibir, disclosed this on a local radio station programme, while …

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CBN calls for import reducing policy as Nigeria’s monthly import bill rises by 95% to N588bn

By Babajide Komolafe LAGOS— The Central Bank of Nigeria, CBN, yesterday said the country’s average monthly import bill rose by 95 per cent to N588 billion in 12 years. CBN Governor, Mr. Godwin Emefiele, disclosed this in Lagos in a keynote lecture delivered at the 2017 annual general conference of …

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Pensioners threaten mass action over 6 years unpaid benefits

…as PenCom fumes over moves to exclude paramilitary from CPS By Victor Ahiuma-Young & Emmanuel Elebeke FEDERAL Ministry of Agriculture and Rural Development’s pensioners have threatened mass action over their unpaid pensions and other entitlements for the past six years. This is as the National Pension Commission, PenCom, is fuming …

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