Nigeria Business Editors Review FG’s Privatization Programme in Abeokuta

The maiden edition of the quarterly workshop of the Association of Business Editors in Nigeria (ABEN) is underway at the Olusegun Obasanjo Presidential Library, Abeokuta, the Ogun state capital. The event which drew top editorial staff on the business and allied beats of news organizations in the South West, will be featuring discussions on Nigeria’s Privatization Programme: The Journey and Lessons so far. The workshop is supported by the Bureau of Public Enterprises ( BPE). ABEN is a professional organization composed of top business editors in the country.

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“Lagos, Now Financially Stable”

Lagos State’s Accountant-General/Permanent Secretary at the State Treasury Office, Mrs Abimbola Umar has declared that state is financially stable. This came as the State Government over the weekend, released its Second Transitional International Public Sector Accounting Standards (IPSAS) Financial Statements for the year ended December 31, 2017. The IPSAS financial statements chronicled the financial activities of the state during the period,. According to Umar, the financial statements, which were prepared on an accrual basis in line with the requirements of IPSAS 33, had increased the number of partnership requests received…

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Innoson Insists Supreme Court Oredered GTB to Pay N6B Within 14 Days

Management of Nigeria’s automobile manufacturer, Innoson Motors has insisted that the Supreme Court actually ordered Guarantee Trust Bank (GTB) to pay the sum of N6B within 14 days of judgment, “as a result of excess and unlawful charges which GTBank took from Innoson’s account domiciled with it.” According to a statement signed by the firm’s Head of Corporate Communications, Cornel Osigwe, the Supreme Court on 7th June 2018, struck out the application filed by GTBank on the stay of execution of the order of Court of Appeal. “On 9th of…

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“No Fire at CBN Headquarters”

The Central Bank of Nigeria (CBN) has denied an online report that its headquarters was engulfed by fire Tuesday evening. The bank said the report is a fake news. According to Isaac Okorafor, CBN Acting Director, Corporate Communications, what passersby mistook for an inferno was just a little flame from the generator house at the headquarters. He said although all fire engines and personnel received the alert for a fire, but it was an unusual pall of exhaust. Okorafor added that the affected generator has been rested and normal work…

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Consumers Attack IKEDC Over NERC Directive

By Abo Oyeade// In reaction to the announcement that Electricity consumers should stop paying bills until they have all been metered, the Ikeja Electricity Company (IKEDC) has attempted to clarify that the announcement only affects government ministries and departments (MD) and not the general public. About three days ago, the Nigerian Electricity Regulatory Commission (NERC) issued a directive that no electricity distribution company (Discos) should disconnect any of their customers that have not been metered since March 1, 2017. According to the commission on its tweeter account, it said: Customers not…

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Lai Mohammed, LCCI President, Akande, Others set for NIBF 2017

By Ranmilowo Ojalumo// The 2017 edition of the Nigeria International Book Fair (NIBF) has been scheduled to hold between Monday 8th to Saturday 13th May, 2017 at the multipurpose hall of the University of Lagos. The International Conference of the annual conference will come up on Tuesday 9th May, 2017 with the honourable Minister of Information, Lai Mohammad expected as the special guest of honour while the president of the Lagos Chamber of Commerce and Industry, chief (Mrs.) Nike Akande expected as the Guest of honour. The conference keynote paper…

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Lagos Assembly Passes 2017 Budget

The Lagos State House of Assembly on Tuesday passed the state’s 2017 Appropriation Bill of N812.998 billion. The passage followed the adoption of the report and recommendations of the House Committee on Budget and Economic Planning, headed by Rotimi Olowo. The House approved the sum of N305.182 billion as total recurrent expenditure and N507.816 billion as the total capital expenditure for the year ending December 31, 2017. Mr. Olowo, while presenting the committee report, said that the state was able to achieve 71 per cent budget performance in 2016 in…

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Lake Rice Now Available in Lagos Markets

Lagos State Governor, Mr. Akinwunmi Ambode and his Kebbi State counterpart, Alhaji Atiku Bagudu on Wednesday launched the much anticipated Lagos-Kebbi Rice christened LAKE RICE, saying that the partnership which culminated into the launch was not only designed to ensure food security but showcase the ability of Nigeria to become a producing nation. Speaking at the launching ceremony held at Lagos House in Ikeja, Governor Ambode said the development was a great and historic moment for both states and Nigeria, as the rice would not only be sold at highly…

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Group Protests Hike in Prices of Building Materials

By Timi joshua Lagos State Bricklayers Association(LSBA) has faulted the Federal Government over the outrageous price of cement across the country, stating that there should be additional manufacturers of the product so as to create check and a competitive market to appropriate the demand and supply for cheaper prices. The group who stormed the Lagos State House of Assembly Complex, Alausa, Ikeja, with banners inscribing ” We Say No To High Price of Cement Brand”, argued that with the high price of cement they have been experiencing shortage of patronage…

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Ambode Reaffirms Commitment to Environmental Protection

Lagos State Governor, Mr Akinwunmi Ambode on Sunday tasked the nation’s leaders to evolve new methods and strategies to sustainably address the negative impact of climate change on food security. The Governor, who spoke through the Secretary to the State Government, SSG, Mr Tunji Bello at the 2016 World Food Day celebrations said the Lagos State Government has been in the forefront of the campaign for positive actions to protect the environment against the negative effects of climate change. “In the area of agriculture, various strategies are being implemented including…

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