archiveSeptember 5, 2016

The Nigerian National Petroleum Corporation (NNPC) has said that the report in the media that an increase in fuel price by the Federal Government was in the offing was not true. The NNPC Group Managing Director (GMD), Maikanti Baru, told the State House correspondents shortly after the meeting with President...

The on-going Cowbellpedia Mathematics Television Quiz Show has continued to generate big excitement for students, parents and millions of viewers who watch the programme every week on television stations across the country. The Parents and other stakeholders in the education sector have also lauded Promasidor Nigeria Limited for bankrolling the...

Transactions at the Nigerian Stock Exchange (NSE) today remained on a downward trend due to profit taking. The market All-Share Index shed 49.55 basis points or 0.18 per cent to closed at 27,707.12 basis points. Similarly, the market capitalization shed N17 billion to close at N9.518 trillion. The downturn was...

Nigeria Customs Service (NCS) Tincan Island Command has generated N26.2 billion in the last one month. In a statement by the command’s Public Relations Officer, Mr. Uche Ejesieme, the Area Controller of the command, Comptroller Yusuf Bashar explained that the amount generated was due to the operational reforms and policies...

The Central Bank of Nigeria (CBN) has blamed the elite who preferred imported materials to local ones for the foreign exchange crisis and its immense contributions to the current nation's economic woes. The apex bank, through its Governor, Godwin Emefiele, lamented that Nigerians spend nothing less than £2 billion on...

In spite of the Federal Government’s insistence to achieve good implementation of its auto policy to reduce the importation of fairly used vehicles otherwise known as Tokunbo cars into the country, some stakeholders have applauded the recent announcement by the Federal Government through National Automotive Design and Development Council (NADDC)...

Wema Bank Plc has continued its expansion plan with the reopening of its branch in Minna, Niger State. This comes barely a year after the bank obtained a national banking licence from the Central Bank of Nigeria (CBN). “After Mr. Segun Oloketuyi took over the management of Wema Bank in...

The Director, Centre for Pension Right Advocacy (CPRA), Barr Ivor Takor, said lack of sufficient money in the Retirement Benefits Bond Redemption Fund Account (RBBRFA) in the Central Bank of Nigeria (CBN) was the current cause for the delays in paying the pension of retired federal public servants. This, he...

  The Lagos Chamber of Commerce and Industry (LCCI) is set to hold its 2016 Members’ Day exhibition and networking event with the theme “Increasing the Visibility of Members”. The event is an opportunity for all members of the chamber to showcase their products and services to the general public....

The responsibility to grow our rural communities is a shared one. In fact, majority of the tourism sites in Nigeria are located in most of the rural areas. Development in these areas is not as fast-paced as urban communities. Every year, rural development always finds its way to the government’s...