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Economy: Nigeria’s Inflation Nose-Diving – NBS

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The National Bureau of Statistics (NBS) on Monday has disclosed that during the month of June 2019 the general Nigerians inflation rate has crashed down by 0.18 percent which indicates win-win for the general well being of Nigerians.

2nd Niger Bridge Above 21 Percent Completion – Mr. Ajani

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The Federal Controller of Works in Anambra, Mr. Adeyemo Ajani, on Saturday said the second Niger Bridge is now above 21 percent completion.

Zamfara Withholds Local Government Allocation Despite NFIU Directive To Bank

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The leadership of Association of Local Governments of Nigeria (ALGON), Zamfara state chapter has accused the State Government of withholding Local Governments' allocation remitted from the federation account in spite of the Presidential order that such funds be sent directly to the councils’ accounts.

SEC To Clear Backlog Of Unclaimed Dividends

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Acting Director General of the Securities and Exchange Commission, Ms Mary Uduk has disclosed that the agency is in collaboration with relevant stakeholders to sensitize investors on the need to regularize their multiple accounts. She opined that the move would enable them to claim their dividends on time.

No Plans To Increase Petrol Price - NNPC

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The Nigerian National Petroleum Corporation, NNPC, has called on Nigerians to disregard trending rumour of a planned hike in the pump price of Premium Motor Spirit, popularly known as petrol.

Nigerian Navy Intercepts 825 Bags Of Smuggled Rice, Arrests Smugglers

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The Nigerian Navy on Sunday said it has intercepted about 825 bags of smuggled rice coming from Oyo to Kwara state. The Commandant Nigeria Navy School of Health Sciences, Captain Ayodele Olowolagba, who disclosed this while parading the suspected smugglers and their smuggled items in Offa, said the arrest was made at about 5:00 a.m. on Sunday.

Air Peace To Begins Johannesburg, Sharjah Route in June

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Poised to dominate the African airspace and also compete with International airlines, Nigerian carrier, Air Peace, says it will begin flight operations to Johannesburg, South Africa and Sharjah, United Arab Emirates next month. Making the announcement, Chairman of Air Peace, Allen Onyema, disclosed this at a meeting of the airline’s Board of Directors on Wednesday in Ikeja.

1000 DiamondXtra Lucky Customers To Be Rewarded – Access Bank

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The Executive Director, Retail Banking Access Bank, Victor Etuokwu has revealed that more than 1000 DiamondXtra customers would be rewarded by Access Bank in its first DiamondXtra quarterly draw.

CBN Introduces Special Intervention Fund for MFBs

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The Central Bank of Nigeria (CBN) has introduced a new special intervention fund for Microfinance banks (MFB) in Nigeria, seeking to increase the share of microcredit ratio to at least 20 percent by 2020.

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