archiveOctober 12, 2016

The Senate President, Dr.  Bukola Saraki, has said that the National Assembly was working on 11 bills that would bring the country out of current economic recession. He made this known in Abuja at the 22nd Nigerian Economic Summit. According to him, the assembly was committed to pushing the bills...

  Emir of Katsina, Abdulmumini Usman has been accused of marrying off, 14-year old Habiba Isiyaku to her kidnapper. The girl, who according to her father, Mal. Isiyaku Tanko was kidnapped from Government Senior Secondary School, Kudun Kankara, Kastina State by one Jamilu Lawal, has been forcefully converted to Islam...

The United Nations (UN), through its High Commissioner for Human Rights, Zeid Ra’ad al Hussein has warned that the world will be in danger if Republican Party nominee Donald Trump becomes president of the United States. Zeid who gave this warning on Wednesday cited as problem areas Trump’s views on...

  Says no Nigerian bank in crisis In a bid to manage the demand for foreign exchange among Nigerians, the Bankers Committee at the end of its 329th meeting on Wednesday in Lagos has ratified decision of the Central Bank of Nigeria (CBN) to begin the enforcement of the $50,000...

...As CBN set to sell N138.16b worth T-bills The Naira on Wednesday depreciated by N2 against the United States dollar at the parallel market as it currently trades at N467 compared to N465 which it traded on Tuesday. Business247 News Online notes that the currency also appreciated against the British...

The Economic and Financial Crimes Commission (EFCC) has declared business mogul, Mr. Goodie Ibru wanted in connection with allegations of capital market fraud and a lingering crisis over shares of Ikeja Hotels Plc. The Head of Media and Publicity of EFCC, Mr. Wilson Uwujaren, in a statement on Wednesday, explained...

All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) dropped by 0.03 per cent on Wednesday to close at 28,027.23 basis points. The day’s performance thus increased the year to date losses to -2.15 per cent. Investors on the bourse consequently lost N2.4 billion as market capitalisation dipped to N9.626...

Chief Supply Chain Officer, Marc Engel, has reiterated the company’s pledge to enhance local manufacturing in Nigeria. He said this during his visit to the Special Adviser to the Governor of Lagos State on Overseas Affairs and Investment; Professor Ademola Abass, accompanied by the management team of the company. Marc...

A member of the Nigeria Federal House of Representatives, Honourable Odeneye Kehinde  Olusegun, who was recently honoured by the  Institute of Chartered  Accountants of Nigeria (ICAN) as ICAN political Ambassador has advocated for prudency and accountability by accountants as well as urged them to be an ambassador of the profession...

Nigeria Communications Commission (NCC) said on Tuesday it has approved a request by internet provider Visafone to transfer its shares to MTN following its takeover by the South African firm. According to a Bloomberg report monitored by Business247 News Online, MTN bought Visafone in January to improve its broadband services...