News

Foreign airlines tell FG to provide evidence of clearing forex backlog

Ihesiulo Grace 21 March 2024 0

Foreign airline operators in Nigeria have challenged the announcement by the Central Bank of Nigeria (CBN) that it has cleared all valid foreign exchange backlogs. Speaking through the President of the Association of Foreign Airlines and Representatives in Nigeria (AFARN), Kingsley Nwokeoma,

Business

Analysts charges govt to secure long term foreign loans for Naira stability

DailyTimesNGR DailyTimesNGR 26 January 2024 0

By Temitope Adebayo Experts have called on the federal government to secure long term foreign loans to clear foreign exchange forwards, foreign portfolio investors and airlines trapped fund . It could be recalled that the Association of Bureau De Change Operators of Nigeria (ABCON) has said, the $2.2billion prepayment facility from the African Import Export […]

News

Tinubu’s govt reveals plan to arrest Nigerians with fake foreign certificates

Ihesiulo Grace 4 January 2024 0

The federal government has revealed plan to deploy security agents after Nigerians with fake certificates from foreign countries, especially those already using them to secure opportunities in the country. The minister of Education, Tahir Mamman, disclosed this while speaking with ChannelsTV on Wednesday night. Politics Nigeria reports that the federal government had

Politics

Reps seek skills transfer from foreign companies operating in Nigeria

DailyTimesNGR DailyTimesNGR 16 December 2023 0

By Tom Okpe Deputy Speaker of the House of Representatives, Rep Benjamin Okezie Kalu has said the parliament will frown at foreign companies, operating in Nigeria yet refuse to transfer their skills to the locals. He said skills transfer will help advance local technology and sustain foreign investments. Kalu spoke when he received a delegation […]

Headlines

FG awards citizenship on 385 foreigners from US, UK, others

Ihesiulo Grace 29 May 2023 0

By Ukpono Ukpong The Federal Government has awarded citizenship on 385 foreign nationals from United State of America, United Kingdom as well as other countries. Speaking at the event, the Vice President, Yemi Osinbajo said that Nigeria’s cultural diversity, hard work, innovation and infectious optimism of its people are some of the attributes that make […]

Business Headlines

Lack of reforms, others may sideline foreign investors from stocks

Ihesiulo Grace 9 January 2023 0

*As investors’ wealth decline by N16bn amid Airtel, Nestlé dip By Motolani Oseni As Nigeria goes into 2023 with a lot of activities, including the national elections beginning from next month, among many other events that would shape the growth of the largest economy in Africa, indications are rife that Foreign Portfolio Investors’ (FPI’s) may […]

News

Foreign airlines to honour Marwa, others

Ihesiulo Grace 21 October 2022 0

By Chukwuemeke Iwelunmo The President of the Association of Foreign Airlines Representatives of Nigeria (AFARN) Mr Kingsley Nwokoma says Chairman, of the National Drug Law Enforcement Agency (NDLEA), Brigadier-General Buba Marwa (Rtd) will be presented with a prestigious award for waging war on drug trafficking in Nigeria. Nwokoma, who spoke to journalists in Lagos to […]

Foreign

Hong Kong defies China anniversary with ‘Day of Grief’ rallies and clashes

Ihesiulo Grace 1 October 2019 0

Strife-torn Hong Kong marked the 70th anniversary of communist China’s founding with defiant “Day of Grief” protests on Tuesday as pro-democracy activists ignored a police ban and took to the streets in multiple neighborhoods. The international finance hub is on edge as protesters vow to overshadow Beijing’s festivities, stepping up their nearly

Money

NAFEX transactions turnover hits $1.06bn in one week

Ihesiulo Grace 27 November 2017 0

….As Naira steadies across FX markets, lifted by $287.9 The Nigerian Autonomous Foreign Exchange (NAFEX) widow, recorded total turnover trade of $1.06 billion in just one week, between Monday 20 November and Friday 24 November 2017, findings by the Daily Times Nigeria have revealed. However, the Naira, at the end of Friday sustained the slightly […]

Business

NNPC, Chevron wrap up $1.7bn deal

Ihesiulo Grace 20 November 2017 0

….Set to increase crude production by 39000 bp/d Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL)have executed the second and final phase of an Alternative Financing Agreement. A statement signed by the Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, on Sunday, in Abuja, said the agreement was signed in London,

News Property

BUA set to increase cement production, create jobs

Ihesiulo Grace 3 November 2017 0

….Sokoto, Edo plants to be commissioned in 2018 The Chairman of BUA Group, Alhaji Abdulsamad Rabiu, has said that his firm will soon increase cement output in the country, as he plans to expand the company’s facilities in order to make more cement available for local consumption. He said, “We will be inaugurating our Sokoto […]