archiveSeptember 20, 2016

The Supreme Court today upheld the election of Mr Yahaya Bello as the duly elected Governor of Kogi State. The seven-man panel headed by Justice Sylvester Ngwata affirmed the election after listening to the closing statements of all the counsel. The court also said it would provide reasons for its...

The U.S. Chamber of Commerce, in a show of further commitment to collaboration by the business communities in the United States and across Africa, today named Aliko Dangote, Africa’s most successful businessman, as the co-chair of its U.S.-Africa Business Center. According to the Chamber in a press statement, Dangote will...

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has advised the Federal Government against the sales of the Nigerian Liquefied Natural Gas (NLNG) and other federation assets to meet the country’s financial obligations. The commission’s Acting Chairman, Alhaji Shettima Abba-Gana, gave the advice on Tuesday while reacting to suggestion from...

Equities segment on the Nigerian Stock Exchange (NSE) reversed previous day’s losses to close on a high note today, following the Monetary Policy Committee’s (MPC) decision to maintain all rates even as investors gained N127bn. The market All-Share Index (ASI) recorded a gain of 1.33 per cent or 370 basis...

Nigeria Customs Service (NCS) has seized rice worth N597.7 billion brought into the country through the borders between January and August 2016. The Public Relations Officer of the service, Wale Adeniyi, made this known in Abuja on Tuesday. He said that the worth of the commodity confiscated during the period...

A legal icon, Dr. Olisa Agbakoba (SAN) has said the claim by Mr. Femi Falana (SAN) that he (Agbakoba), in 2007,  led a delegation of bar leaders to pay a courtesy call on the then Minister of Justice and Attorney General of the Federation, Michael Aondoakaa (SAN) with a view...

Guinness Nigeria Plc, manufacturers of brands like Guinness Foreign Extra Stout and Malta Guinness, for the financial year ended June 30, 2016 proposed a dividend of N3.20 per ordinary share. The company also announced a loss of N2 billion for the financial year under review from N7.8 billion profit recorded...

Nigerians have been challenged to take personal responsibility for the peace and development of the country as the United Nations marks peace anniversary. Zebulun Takwa, adviser to the UN Development Programme (UNDP) on Peace and Development, who made the call in Abuja, said there was no doubt that Nigeria was...

Heritage Bank Limited has identified major commodities that can boost foreign exchange earnings for the country. This becomes necessary as the Federal Government intensifies efforts to boost non-oil export revenues. Managing Director/Chief Executive Officer of the bank, Ifie Sekibo named some of the export potential products such as cocoa, cashew,...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) kept its benchmark interest rate, Monetary Policy Rate (MPR) at 14 per cent and also maintained existing Cash Reserve Ratios (CRR) for commercial banks at 22.5 per cent. The CBN Governor, Godwin Emefiele told reporters on Tuesday in...