The Central Bank of Nigeria (CBN) policy directing banks not to deposit funds above N2 billion at its Standing Deposit Facility (SDF) window will free over N750 billion excess cash for loans to key segments of the economy, The Nation has learnt. Banks are expected to deposit excess funds at the CBN on daily basis, and […]

 … Emefiele meets Service Chiefs to enforce directive   Governor of the Central Bank of Nigeria, Mr Godwin Emefiele has met with Service Chiefs and Heads of Paramilitary agencies to enforce Executive Order 003 mandating all Ministries Departments and Agencies to source their textile needs locally. Speaking at the meeting on Thursday Emefiele said the […]

Oil producing companies  flared gas worth $2.5billion (N875billion) in the last one year, The Nation has learnt. The firms include the International Oil Companies (IOCs), Independent Producers and the Nigerian Petroleum Development Company (NPDC). Data from the Department of Petroleum Resources (DPR) revealed that the volume of gas that was not commercialised (flared or re-injected) by March, […]

NIGERIA’s power grid has collapsed 100 times in the last six years, a development which has resulted in total national blackout, it was gathered yesterday. The period covers between 2013 and 2019, marking a six-year period. Also, the nation’s grid collapsed nine times, with the last one on June 30, 2019. Distribution companies (DisCos) and […]

The Federal Government has collected over N10 trillion from the implementation of the Treasury Single Account (TSA) from 1,674 MDAs. Office of the Account General of the Federation (OAGF) made this disclosure on Thursday at Peer Review Mechanism of Ministries Departments and Agencies (MDAs) 2019 in Abuja to the Head of Civil Service of the […]

Ecobank Nigeria has said it did not disengage its members of staff, contrary to reports that some of its employees were sacked. The bank said in a statement on Wednesday that it decided not to renew the contract of its third-party recruitment agencies which expired recently “and as such, returned this category of personnel back […]

It was excitement galore at the University of Nigeria, Nsukka (UNN) yesterday as the institution’s Engineering Faculty successfully unveiled its first five-seater electric car. Christened Lion Ozumba 551, the car, made with 80 percent locally-sourced materials, could undertake a 30-kilometer distance when fully charged. Vice Chancellor of the university, Professor Charles Igwe, said the car was part […]

Lagos State Pension Commission (LASPEC), Director-General (DG) Mrs. Folashade Onanuga said another batch of 266 retirees in the state has received their retirement bond certificates for a sum of N784.69 million accrued pension rights. The DG in a statement said the retirees received their bond certificate at the 64th Retirement Benefit Bond Certificate presentation ceremony, […]

STEVEN: I am a retired teacher from Ifako International School. I was receiving pension of N24,684.76, but since 2003 nothing has been given to me. My NPF no is ANNONYMOUS. I will be happy if you can help and ensure that the money is paid. I also worked at Barachel Model College. PTAD: The pensioner […]

The Nigerian Aviation Handling Company Plc says it has appointed a new chief operating officer. According to the firm, the new COO, Mr Herbert Odika, is a first class aviation professional with excellent knowledge of the industry. “Odika, a former member of staff of NAHCO Aviance, is a graduate of Business Studies from the University […]