NEMA workers suspend strike, reopen offices nationwide

From Fred Ezeh, Abuja Workers of the National Emergency Management Agency (NEMA) have suspended their nationwide strike. The suspension was announced after a peace agreement was brokered between labour leaders, NEMA management and the Minister of Labour and Employment, Chris Ngige. NEMA workers on Thursday shut down its offices nationwide to compel the management to…

Railway modernisation: FG to borrow $36bn

As Senate drills Amaechi, Adeosun, others over $5.5bn loan request From Fred Itua, Abuja The Federal Government, yesterday, disclosed that it would require a total of $36 billion to complete its ongoing rail projects across various parts of the country. The revelation which was made by the Minister of Transportation, Chibuike Amaechi, before the Senate…

$1.2bn debt: 13 banks hire Barclays to find new investors for 9mobile

By Olabisi Olaleye with Agency report The 13-bank consortium that raised about $1.2 billion for Etisalat Nigeria Limited (now 9mobile) in 2013 may have picked Barclays Bank to get new investors for the debt-laden firm, following their suspected link with Citigroup and Standard Bank earlier chosen for the role. Barclays was said to have started…

Tax Holiday: NIMASA heads to Appeal Court

By Isaac Anumihe Nigerian Maritime Administarion and Safety Agency (NIMASA), yesterday fulfilled its commitment to head for the appeal court in  a judgement against it at the Federal High Court, Lagos. In   his judgment, Honourable  Justice M.B. Idris, held that Nigerian Liquefied Natural Gas (NLNG) was not liable to pay taxes and dues to NIMASA,…

Johannesburg Stock Exchange suspends trading in Oando’s shares

By Isaac Anumihe Twenty-four hours after the Securities and Exchange  Commission (SEC) technically suspended trading in the shares of Oando Plc, the Johannesburg Stock Exchange (JSE) yesterday followed suit by freezing trading on the security, thus worsening the firm’s problem. The suspension was communicated  to SEC through a correspondence between the JSE and  the Nigerian Stock…

NFF approves N6.3bn budget for 2018

 Employs foreign coach for Falcons By Monica Iheakam  Nigeria Football Federation (NFF) has approved a budget of  N6.3bn for 2018 activities. The approval is among several decisions contained in the communique reached yesterday at the NFF’ General Assembly held in Jos, Plateau State. The general assembly passed a vote of confidence on the Amaju Pinnick…