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FG, UNIDO partner to promote investment, job creation

The United Nations Industrial Development Organisation (UNIDO), Federal Ministry of Industry Trade and Investment (FMITI) and other stakeholders have inaugurated an Investment Monitoring Platform (IMP) in the country. The other stakeholders are the Nigerian Investment Promotion Commission (NIPC) and the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN). Speaking at the

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FG lost N286tr to gas flaring in one year – DPR

• Says IOCs flare 1.4b cubic feet per day   Nigeria’s petroleum industry regulator- the Department of Petroleum Resources (DPR), on Tuesday raised alarm that the Federal Government loses $1.7885 billion (about N286 billion) yearly to gas flaring in the country. Speaking at the 13th Business forum of the Nigerian Gas Association (NGA)

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CBN to introduce biometrics on ATMs by 2015

The Central Bank of Nigeria (CBN) is to introduce Biometric authentication for Point of Sale (POS) terminals and Automated Teller Machines (ATMs), in a bid to address safety of customers’ funds, and avoid losses through compromise of Personal Identification Numbers (PIN) by 2015. This was disclosed in Abuja by Governor of

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