By Tony Obiechina, AbujaThe Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, plans to meet with the Chief Executives of multinational companies in Nigeria, to discuss the revamp of Nigerian exports. Mr. Emefiele dropped the hint on Tuesday during the meeting of the Bankers’ Committee, noting that the CBN was ready to encourage the revamp of Nigeria’s export sector through deliberate policies that would boost investment and job creation. While decrying the situation where many Nigerian produce of export quality were waiting to be tapped, Emefiele said the CBN, in collaboration with the Federal Ministry of Industry, Trade and Investment, would…
Author: Ayo Oye
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For the Nigerian Petroleum Industry to move forward in the face of the COVID-19 pandemic, the Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mallam Mele Kyari, Tuesday, urged the Industry stakeholders to evolve innovative ways to reposition the Sector for sustainability. The NNPC GMD, speaking at the opening ceremony of the Society of Petroleum Engineers (SPE) Nigeria Energy Industry Transformation Summit (NEITS) 2020, said Industry players needed to train their eyes on a strategy that focuses on people, partnerships, profit and posterity, a release by the NNPC’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, has stated. Mallam Kyari…
The Sexual Assult Referral Centre(SARC) in Zamfara on Tuesday said it had recorded a total of 160 cases of sodomy, defilement and rape in one year. The Coordinator of the centre, Ahmed Shehu, made this known in Gusau while receiving members of the Zamfara Children Parliament who were on a visit. The News Agency of Nigeria (NAN) reports that the visit to the centre and remand home in Gusau was supported by the Save the Children International, an NGO. Shehu said that the cases involved mostly under age children and teenagers. He described the rate of rape and assault of…
The Minister of Power, Mr Sale Mamman says the 6.15 billion dollars (about N2.373 trillion) recently secured by the Federal Government for the power sector will improve electricity supply in the country. Mamman said this in a statement issued by Mr Aaron Artimas, his Special Adviser on Media and Communications in Abuja on Tuesday. The minister who assumed office on Aug. 21, 2019 was speaking on the occasion to mark his one year in office. Mamman said that he was grateful to the President who had continued to discover and inject new talents into the country’s leadership. According to him, to…
The European Union Delegation to Nigeria as well as the Economic Community of West African States (ECOWAS) has announced that 93 Nigerian students have been selected for this year’s Erasmus+ 2020 scholarship. Amb. Ketil Karlsen, Head of EU delegation said this on Tuesday at the virtual EU Erasmus scholarship orientation in Abuja. He said the scholarship for the prestigious study programme was awarded to the best student candidates who applied under the annual selection rounds. Karlsen noted and the selected students, coming from Universities across Nigeria, would attend study programmes in at least two European countries over a period of…
Dr Andrew Kwasari, Senior Special Assistant to President Muhammadu Buhari on Agriculture, has advised Nigerians to be more patient with government as it rebuilds infrastructure. Kwasari gave this advice in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja. He spoke against the backdrop of the numerous projects put in place by the government to cater for welfare of its citizens, especially during the COVID-19 period. NAN reports that Kwasari is also the Special Assistant to the Minister of Agriculture on projects and a member of the Agric sub-sector of the National Economic Sustainability Committee (NESC)…
Trading on the Nigerian Stock Exchange (NSE) on Tuesday sustained upward posture, in spite of a negative Gross Domestic Product (GDP) recorded in the second quarter of 2020. Speficially, the market capitalisation increased further by N33 billion or 0.25 per cent to N13.194 trillion against N13.161 trillion posted on Monday. In the same vein, the All-Share Index rose by 62.61 points or 0.25 per cent to 25,291.73 compared to the 25,229.12 points recorded on Monday. Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., said the market defied the negative Q2 GDP of 6.1 per cent due to improved half…
The Nigerian Institute of Quantity Surveyors (NIQS) has said that John Otema, who was sentenced to 50 years imprisonment for raping a 19-year old student of the University of Lagos, was never their member. The President of the Institute, Mr Mohammed Tor, made this known in a statement on Tuesday in Abuja. “We can say without any fear of equivocation that convict is not a Quantity Surveyor. “The institute has no record of Otema as a member and neither is he a trained or certified by the institute to practice the profession of Quantity Surveying in Nigeria. “ The institute will…
Gov. Babajide Sanwo-Olu on Tuesday swore-in the newly constituted Governing Council for all the tertiary institutions in the state. Sanwo-Olu who spoke during the swearing-in ceremony in Ikeja, urged the council members to see their appointment as a call to service for the advancement of tertiary education in the state. The governor said that their appointment came with a huge responsibility that must be discharged with high level of integrity, foresight and dedication. He said that tertiary education was critical in nurturing components that helped to ensure that individuals become innovators and wealth creators that would contribute greatly to the…
Justice J.I. Essien of the National Industrial Court sitting in Lagos on Tuesday urged the University of Lagos (Unilag) Governing Council and the Senate to embrace peace. The judge gave the advice while striking out two suits challenging the removal of the university’s Vice-Chancellor (VC), Prof. Oluwatoyin Ogundipe. The suits also challenged Ogundipe’s replacement with Prof. Theophilus Soyombo by the governing council. The News Agency of Nigeria (NAN) reports that Ogundipe and the Senate of the University had filed applications before the court to discontinue the suits. “Controversy is not good for the image of a university. “We hope that…