Category: Business

CBN refutes allegation on scarcity of new naira notes

CBN refutes allegation on scarcity of new naira notes

Central Bank of Nigeria (CBN) has refuted claims attributing the artificial scarcity of new naira notes in circulation to the bank’s refusal to distribute such notes to commercial banks. Debunking the allegation, the CBN said that it operates a clean note policy. “The apex Bank operates a clean note policy and not a mint policy. [...]

Consumer Protection Council gets new DG

The new Director General of Consumer Protection Council (CPC), Dupe Catherine Atoki has officially assumed duty at the headquarters in Abuja. The new DG also declared her commitment towards ensuring adequate protection of the rights of Nigerian consumers. Addressing the agency’s management staff, she said the organization must project itself as a relevant tool for [...]

How passion quickens your success

Passion propels people to the top of their profession. Passion is more important than plans. Passion creates the fire with which to pursue your ambition. It is the fuel o success. A passionate person without talent will always outperform a talented man without passion. Your talent is easily energized by your passion for success. American [...]

BPP approves meter vendors, installers

Nigerian Electricity Regulatory Commission, (NERC) has confirmed approval from the Bureau for Public Procurement, (BPP) to engage meter vendors and installer firms nationwide. A total of 80 firms have been engaged in this regard in line with the newly introduced interim metering measure known as Credit Advance Payment for Meter Installation, (CAPMI). Chairman of the [...]

Emirates passes 39m passengers milestone

Emirates Airlines has announced a record high of 39.4 million passengers, an increase of 16 percent over the last one year. The airline operates two flights daily from Lagos. This result, it explained in a statement signed by the chairman and chief executive of the airline, His loyal highness Sheikh ahmed Biu Saeed Al Maktoum, [...]

Kano Development Plan receives UK support

600, 000 girls, 200, 000 boys to receive education under DFID British Minister for International Development, Lynne Featherstone, has expressed her satisfaction with administration of Governor Rabiu Musa Kwankwaso. Miss Lynne is in Nigeria to review development challenges in northern Nigeria and review the progress on development projects supported by UK Department for international development. [...]

OTC 2013: FG warns patrons of stolen crude to keep off

The Nigerian National Petroleum Corporation, (NNPC) was among the key stakeholders who attended the 2013 Offshore Technology Conference, (OTC) held in Houston, USA. MUSA ADAMU looks at some of the presentations made by officials of the apex Nigeria oil company This year’s Offshore Technology Conference, (OTC) held in Houston, Texas, the United States of America, [...]

Porting runs into hitch, NCC summons operators

Nigerian Communications Commission (NCC) has summoned all the telecom operators over the inability of service providers to process quickly the release of subscribers wishing to quit their networks under the newly introduced porting programme The Commission sources said yesterday that the newly introduced Mobile Number Portability (MNP) may have run into a scandalous hitch due [...]

FG pays N400m to farmers over Wind Mill project

Minister of state for power, Zainab Ibrahim Kuchi has announced the payment of N400 million to farmers who had been displaced as a result of the Wind Mill project. She also assured residents in and around the multi billion Naira project site in Rimi local government area of Katsina state that they would experience improved [...]

‘PTDF may close shop if ……..’

The Petroleum Technology Development Fund (PTDF) is a parastatal of the Ministry of Petroleum Resources dedicated for the purpose of development, promotion and implementation of petroleum technology and manpower development. The Fund executes this mandate through research and training of Nigerians in various academic and technical fields in the petroleum and solid minerals industry in [...]