archiveMay 2016

All the states in the country and the Federal Capital Territory (FCT) have agreed to reform the finances of states and local governments under a Fiscal Sustainability Programme (FSP) to ensure their long term viability. According to a press statement by the Special Adviser on Media to the Minister of...

The Senate today summoned the Minister of Finance, Mrs. Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to appear before it and brief it on the Monetary and Fiscal policies adopted to salvage the current economic situation in the country. The Senate explained that...

The Federal Government has declared Monday, May 30 as public holiday to celebrate the 2016 Democracy Day. The Minister of Interior, Retired Lt.-Gen. Abdulrahman Dambazau made the declaration on behalf of the Federal Government on Wednesday in Abuja. A statement signed by the Permanent Secretary in the Ministry, Mr Bassey...

Fidelity Bank Plc has handed over the keys and title deeds of a 4-bedroom duplex to Mrs. Clara Ego Ibedu, who emerged star prize winner in the sixth draw of the Save 4 Shelter Savings promo. Built with a stylish and tranquil penthouse, the duplex, located in Lekki Peninsula, Africa’s...

Governor of Lagos State, Akinwunmi Ambode, on Wednesday signed a Memorandum of Understanding (MoU) to begin the construction of the 4th Mainland Bridge. The bridge is expected to cost N844 billion and is meant to be financed through Public Private Partnership (PPP) initiative and would be delivered in three years....

The Federal Government has announced the appointment of six executives of six parastatal in the Federal Ministry of Information and Culture. The appointments which were announced by the Minister of Information and Culture, Alhaji Lai Mohammed in Abuja on Wednesday are: Mr. Ishaq Modibo Kawu – Director-General, Nigerian Broadcasting Commission...

The Nigerian Stock Exchange (NSE) has announced that it has been admitted into the GRI Gold Community by Global Reporting Initiative (GRI). The GRI is an international independent organization that helps businesses, governments and other organizations understand and communicate the impact of business on critical sustainability issues such as climate...

By our Correspondent Dean, School of Agriculture and Industrial Technology, Babcock University, Ogun State Nigeria, Professor Akintunde Akinsoyinu, has advised the Federal Government to support ruminant block research for Fulani herdsmen , so that  the incessant attack allegedly carried out on innocent Nigerians by them would be a thing of...

Wole Tokede MTN’s SIM registration saga in Nigeria has impacted negatively on the overall performance of the company as it had to deregister about 16.1 million subscribers representing seven per cent of its current 230.3 million subscribers in its countries of operation. The company told shareholders on Wednesday that as...

Non-performing Loans (NPL) of Deposit Money Banks (DMBs) in Nigeria have risen significantly to N1 trillion in 2015, the Financial Stability Report (FSR) of Central Bank of Nigeria (CBN) has revealed. The breakdown of FSR recently released disclosed that in 2015, the NPL of the banking industry rose by 78.8...