Officers of the Nigeria Customs Service on Tuesday impounded 32 containers of expired rice imported through the Tincan Port, Apapa in Lagos The rice, which had expired since 2018, were imported from China and Thailand and were about to be smuggled into the Nigerian market. Hameed Ali, the Controller General of Customs, while inspecting...
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African Export-Import Bank has postponed an Initial Public Offering (IPO) on the London Stock Exchange until equity markets improve. “Despite significant interest in the bank from investors, in light of unfavorable market conditions, it has decided to postpone the proposed initial public offering at this time,” the Cairo-based lender said in a statement Tuesday....
Read MoreThe African Development Bank on Monday said the unemployment situation in Nigeria was ‘frightening’ and could become ‘catastrophic’ if decent jobs are not created for the country’s youth population. The AfDB made the observation at the regional presentation of a report entitled, ‘Creating decent jobs: Strategies, policies and instruments’, at its office in Abuja....
Read MoreThe Federal Inland Revenue Service (FIRS) headquarters in Abuja was gutted by fire on Monday, officials of the service has confirmed. The inferno gutted a store attached to a canteen used by the agency’s staff members at the headquarters’ annex. Wahab Gbadamosi, a spokesperson for the revenue office said a “small fire outbreak by...
Read MoreThe planned by the Lagos State government to raise N250 billion through loans and bonds has continued to generate controversy and concerns by many stakeholders in the commercial never of the country. The State Governor Babajide Sanwo-Olu has announced the planned early in the month, saying the move was to reorder the 2019 budget...
Read MorePresident Muhammadu Buhari will travel to London at the end of his trip to Saudi Arabia on Saturday. Femi Adesina, presidential spokesman, who disclosed this in a statement, said the president will spend two weeks in London on a private visit. ”President Muhammadu Buhari leaves the country on Monday on an official trip to...
Read MoreThe Senate on Thursday agreed with the Federal Government on the need to float an Infrastructure Bond of N10trillion towards creating a financial pool to meet funding gaps and road infrastructure deficit in the country. The Minister of Works and Housing, Babatunde Raji Fashola made the proposal when he appeared before the National Assembly...
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