archiveAugust 2016

The President of African Development Bank (AfDB), Mr. Akinwumi Adesina, has advised African governments to boost tax revenue and steer clear of international borrowing as the region is faced with worst economic slump in more than a decade. The AfDB chief in a report by the Financial Times said that...

  Inflation at eleven-year high of 17.1% Nigeria has slipped into recession, with the latest growth figures showing the economy contracted by 2.06 per cent in the second quarter between April and June. Going by the data released today by the Nigerian Bureau of Statistics (NBS), the country has now...

Zenith Bank Plc has launched a new mobile banking solution to make banking simpler and interesting. The bank’s *966# Eazybanking solution, which was recently launched into the Nigerian market, will complement the effort of the Central Bank of Nigeria (CBN) to build a cashless economy and enhance financial inclusion. The...

The Securities and Exchange Commission (SEC) has warned investors of two illegal capital market operators not registered under the commission. The apex capital market regulating body stated that an online investment scheme tagged ‘MMM Federal Republic of Nigeria (nigeria.mmm.net) and Mrs. Oge C. Ottiwu of No. 118 Zink Avenue, Opposite...

The Federal Government has signed a Memorandum of Understanding (MoU) with the British Government on the modalities for the return of Nigerian stolen assets. The Attorney-General of the Federation, Mr Abubakar Malami, signed on behalf of the Federal Government in Abuja on Tuesday. The signing of the MoU is a...

In furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low end users, the Central Bank of Nigeria (CBN) has licensed 11 International Money Transfer Operators (IMTOs). The newly licensed operators are: Wari Limited, Worldremit Limited, Trans-Fast Remittance LLC, UAE...

The Human Rights Law Service (HURILAWS) applauds the call by the President of the Nigerian Bar Association, A.B. Mahmoud SAN for a debate on the efficacy of the war against corruption in Nigeria. The body in a statement in Lagos today and signed by its Senior Counsel, Olisa Agbakoba (SAN)...

 In line with its consistent drive to engage its consumers at their various touch points and rewarding them for their loyalty, Chivita 100% fruit Juice from the stable of Chi Limited recently thrilled consumers of the brand with exciting gifts from its just concluded ‘My 100% Achievement’ social media promo....

  … set to kick-off model boarding schools The Bayelsa State Government on Tuesday declared a deficit of N889 million for the month of June, 2016 out of a net inflow of N4.4 billion from the Federation Accounts Allocation Committee, (FAAC). Presenting the income and expenditure profile for the state in...

African Development Bank, (AfDB,), yesterday, endorsed and support the Federal Government’s mining roadmap for the solid minerals sector ahead of its public presentation and unveiling. This was contained in a statement signed by the Special Assistant on Media, to the Minister of Solid Minerals Development, Olayinka Oyebode, which said the...