ITF empowers 300 trainees with start-up packs in Edo

In line with the Federal Government’s policy of job/wealth creation, the Industrial Training Fund (ITF) has empowered trainees under National Industrial Skills Development Programme (NISDP) for employability and entrepreneurship. Speaking at the closing ceremony of NISDP in Benin City, Director-General/Chief Executive of ITF, Sir Joseph Ari, congratulated the graduating trainees. According to him, it is […]

Refineries operate at loss, record N66.278b deficit

Nigeria’s three refineries – Port Harcourt Refining Company (PHRC)Kaduna Refining & Petrochemical Company Limited (KRPC), and Warri Refining & Petrochemical Company Limited (WRPC), recorded an operational deficit of N66.278 billion in 2017. Breakdown of the deficits showed that KRPC suffered a loss of N32.617 billion; WRPC, N22.147 billion and PHRC, N11.514 respectively.Nigerian refineries with a […]

I&E Window trades $1.4b as rising reserves calm market

The autonomous foreign exchange (forex) market- Investors and Exporters (I&E) Window hit a daily transactions’ value of $1.4 billion at the weekend, riding on increased confidence over Nigeria’s resurging external reserves. The development has also seen the apex bank reduce its level of weekly interventions in the forex market without causing shortage of supply, as […]

Government begins audit to boost maritime revenue

The Federal Government has commenced the audit of the entire operations of the maritime sector in its quest to increase its contribution to the national purse.The review was initiated by the Federal Ministry of Transportation, and has been duly approved for a private independent entity – Compliance Professionals Plc, to examine the flow of operations […]

CBN’s N56b agric financing creates nearly one million jobs Emefiele bags two awards

Ondo State Governor, Rotimi Akeredolu (left); Chief Executive Officer of Greenfield Limited, Dr Paul Obanua; Governor of the Central Bank of Nigeria, Godwin Emefiele; and the royal father, Elemure of Emure-Ile, at the groundbreaking ceremony for the construction of the N42 billion Greenfield’s egg powder production plant, in Emure-Ile, Ondo State, yesterday. In just two years […]