CBN By Boluwaji Obahopo – Lokoja The Central Bank of Nigeria (CBN) said it is providing and will continue to provide interventions for agriculture and industrial revival of Nigeria as the two sectors amongst others remained a veritable tool towards building a robust economy for the country. CBN acting Director, Corporate Affairs Communications, Mr Nwanisobi … Read more
…Corporation has 6,621 employees as at April 2020 …Emolument averaged N54m per employee By Michael Eboh Staff of the Nigerian National Petroleum Corporation, NNPC, received N357.098 billion as salaries, wages and other benefits in 2019, according to the corporation’s recently released audited financial statement. The NNPC Group had disclosed that its staff strength, as at … Read more
The power sector has recorded yet another national peak generation of 5,520.40MW on Oct. 30 at 9.15 pm, Mrs Ndidi Mbah, General Manager. Public Affairs, Transmission Company of Nigeria (TCN) made this known in a statement in Abuja on Saturday. She said that the new generation surpassed the previous 5.459 Mega Watts (MW) recorded on … Read more
Cameroon today observes a national day of mourning in execution of the high instructions of the Head of State in memory of the seven kids brutally murdered during an attack at the Mother Francisca Bilingual International Academy, Kumba by gunmen last Saturday. According to the decree declaring this day as a day of national mourning, … Read more
US oil giants ExxonMobil and Chevron reported another quarter of red ink Friday as uncertainty over oil demand dented by the coronavirus forced the petroleum sector to rein in spending. While both companies were hit by low commodity prices, driven the worldwide business and travel shutdowns, ExxonMobil had the bigger loss and again faced tough questions … Read more
Fitch Ratings | Fitch Ratings – Hong Kong – 29 Oct 2020: Fitch Ratings has affirmed Cameroon’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’ with a Negative Outlook. KEY RATING DRIVERS Cameroon’s ‘B’ ratings balance low GDP per capita and weak governance indicators against moderate government debt and low inflation supported by membership of … Read more
CBN The October Purchasing Managers’ Index for the manufacturing sector stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May. This is according to the result of PMI survey released by the Statistics Department of Central Bank of Nigeria (CBN) on Tuesday. The News Agency of Nigeria … Read more
CBN By Elizabeth Adegbesan A Central Bank of Nigeria, CBN, Survey Report has shown that banks experienced higher loan default rates on credit cards and overdrafts/ personal lending to household in the third quarter of the year (Q3’20). The survey also noted that lenders expect to tighten the conditions for which loans are given to … Read more
NPA Marina Hoodlums ravaged MD’s office, took 2 vehicles By Godwin Oritse with agency report THERE are indications that the invasion and subsequent vandalism and setting ablaze of the Corporate Head office of the Nigerian Ports Authority, NPA, last week has been viewed by the management of the agency as a sabotage from within. Even … Read more
A map of Nigeria By Godwin Oritse THE Lagos Maritime Security Zone of the Port Facility Security Officers of Nigeria, PFSON, forum has reacted to the arrested Nigerian stowaways on board ‘M/T Nave Andrmeda’ saying that the incident indicates the failure of the country’s security system. Speaking to Vanguard Maritime Report, Chairman of the Forum, … Read more
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