The Managing Director/CEO, Federal Roads Maintenance Agency (FERMA), Engr. Nuruddeen Rafindadi, has said that SERVICOM would be made a strategic stakeholder of the Agency. The MD pledged to continue to intensify efforts in ensuring that the administrative processes for achieving the Agency’s mandate for better and more efficient service delivery...
The Senate today confirmed the nomination of Messrs Bello Hassan and Mustapha Mohammed Ibrahim as Managing Director/Chief Executive and Executive Director (Operations) of the Nigeria Deposit Insurance Corporation (NDIC) respectively. Presenting the report on screening of the nominees to the Plenary, Chairman of Senate Committee on Banking, Insurance and Other Financial Institutions,...
The Nigerian National Petroleum Corporation (NNPC) has called on stakeholders in the oil and gas industry to join in working towards reducing operations cost to achieve the $10 or less per barrel production cost target. A press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru,...
The Federal High Court sitting in Abeokuta, Ogun State Capital, has dismissed a suit instituted by a legal practitioner, Olumide Babalola, challenging the Central Bank of Nigeria (CBN) policy on Current Account maintenance Fee contained in the Guide to the Charges by Banks and other financial Institutions of January...
The Federal government has said the Kano - Katsina - Jibiya - Maradi rail project will cover an estimated eighty million Nigerians across 10 states of the federation. President Muhammadu Buhari made the disclosure, Tuesday, during the groundbreaking ceremony for commencement of work on the single track standard gauge rail...
The Securities and Exchange Commission (SEC) has released new rules requiring all persons not registered by the Commission as Custodians, carrying on the business of Nominee and holding securities including equities, money market and fixed income securities, derivatives etc. except Pension Assets, on behalf of actual owners to apply...
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦13.43billion for the month of November 2020 up by 54% when compared to the ₦8.71billion surplus recorded in October 2020. This is contained in the November 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR), according...
President Muhammadu Buhari has said that his country is pleased with the decision of the United States of America to remove the last obstacle in the path of Nigeria's Dr. Ngozi Okonjo-Iweala in her bid to becoming the Director General of the World Trade Organization, (WTO). The very delighted Muhammadu...
Director General of the Nigerian Building and Roads Research Institute, (NBRRI), Professor Samson Duna has said that the Institute has experimental tests conducted on pozzolana, results positive and the product expected to be available in the market soon. The Director General said this while speaking exclusively to TheFact Nigeria on...
The Area Controller of the Oyo/Osun Command, Nigeria Customs Service (NCS), Comptroller Adamu Abdulkadir has talked tough on smugglers, as zero tolerance is the current administration's watchword regarding all illegal and corrupt practices, reiterating the Oyo/Osun command's commitment to enforcing the said mandate to curb insecurity, save ailing local...