Ogun State, Nigeria, World News & Stories
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242 posts in this category.
The central bank of China said yesterday, Thursday that it has signed a currency swap agreement with its Nigerian counterpart. A statement by Nigerian’s CBN image maker, Mr. Isaac Okoroafor, corroborated this. Mr. Okoroafor in the statement said that the agreement was a culmination of over two years of painstaking negotiations by both banks. Also,…
Buhari’s U.S. visit already yielding positive results: the U.S. to repatriate $500m among many others. The visit of President Muhammadu Buhari to U.S. President Donald Trump has yielded the finalisation of negotiations to repatriate more than 500 million dollars (about 190 billion Naira) of Nigeria’s looted money traced to the U.S. Nigeria’s Attorney-General and Minister…
Vice President Yemi Osinbajo on Tuesday in Davos, Switzerland, said that the country was ready to partner international investors and friendly nations to develop Nigeria’s manufacturing sector. Osinbajo said this in a statement by his Special Senior Assistant on Media, Laolu Akande, in Abuja. Pay Attention. Read: Why I stand with Buhari By FEMI ADESINA Osinbajo…
The Federal Inland Revenue Service, FIRS, said it generated N4 trillion from tax revenue collected in 2017. This represents 20 percent or N800 billion increase when compared with N3.3 trillion generated in 2016. The Executive Director, FIRS, Mr. Tunde Fowler disclosed this during a courtesy visit to the Oba of Lagos yesterday. He said, “The…
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SABMiller, the largest breweries in the world which were acquired by Anheuser-Busch InBev (AB InBev) a Brazilian-Belgian Group headquartered in Leuven, Belgium, currently leads 19 other firms in fresh investments worth over $10 billion expected to be completed in Ogun state this year, BusinessDay has learned. BusinessDay reports that the fresh 20 companies which cut…
Illegal revenue collectors caused loss of close to N5bn monthly says Governor Ibikunle Amosun. The Ogun State Governor, Ibikunle Amosun, says the state government has been losing between N3bn and N5bn to the illegal revenue collectors operating across the state. He said this on Monday while marking the commencement of a policy to eradicate duplicity…
Some concerned residents of Agbara industrial area have urged the Ogun State Governor Ibikunle Amosun to fix the deplorable Agbara-Atan road to prevent further deaths that occur on the road. Agbara Industrial Area is home to foremost multinational firms, like GSK, Nestle, Unilever, P&G, Flour Mills of Nigeria, Hayatt, Reckitt Benckiser and dozens of others.…
Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines in Ikorodu and Calabar, to rival pasta maker De-United Foods Industries, maker of Indomie Noodles. The transaction is valued at 3.75 billion Naira ($12.26 million). De United said it has signed an agreement with Dangote Noodles to buy the…
The announcement by the Minister of Transportation, Mr. Rotimi Amaechi, that cargoes from Lagos ports would be taken to Papalanto, a transit terminal in Ogun State, through the narrow-gauge rail line after their clearance, has generated reactions from agents and importers. Amaechi said during the World Maritime Day celebrations that the Federal Government had reserved…
