archiveOctober 2016

Nigerian inflation accelerated for the 11th consecutive month in September as food prices rose, strengthening the case for the central bank to maintain a tight monetary stance even as the economy is contracting. The inflation rate in the country increased to 17.9 percent from 17.6 percent in August, the Abuja-based...

  The Senate Committee on Banking, Insurance and Other Financial Institutions has commended the Nigeria Deposit Insurance Corporation (NDIC) for its prompt and regular remittance of its operating surplus into the Consolidated Revenue Fund (CRF) in line with the provision of the Fiscal Responsibility Act (FRA), 2007. The Committee Chairman,...

A total of 17 junior officers of the Nigeria Customs Service have been dismissed from the Service for offences ranging from drug addiction, certificate forgery, theft and absence from duty from January to September 2016. The Public Relations Officer of Customs, Mr. Wale Adeniyi said in a statement: “appointment of...

  Urges NASS to suspend amendment of Act The Registrar of the Joint Admissions and Matriculation Board(JAMB), Professor Is-haq Olanrewaju Oloyede, has appealed to the Federal Government to revert to old days where serving Vice Chancellors of universities were made the chairmen of the governing board of JAMB for good...

…Asks govt to secure the release of the remaining girls …Calls for a rehabilitation programme with CAN …Advocates free education for the victims The President of the Christian Association of Nigeria, (CAN), Rev Dr Samson Olasupo Ayokunle, on behalf of the organization has commended the Federal Government for the breakthrough...

The launch of the liberalized interbank forex market by Central Bank of Nigeria (CBN)  on June 20, 2016, had come with several hope that it would attract foreign inflows, more so that the move would boost liquidity in the market. But in spite of all these expectations, the much expected...

Having won two awards at the just concluded World Pension Summit-African Special, the Managing Director, Premium Pension Limited (PPL), Mr Wilson Ideva, in this interview with ABDUL OLALEKAN, speaks on this feat and where the pension industry will be in the next five years. Double awards like these come occasionally....

Senate Committee on Banking, Insurance and other Financial Institutions has scheduled Thursday October 20 for an open probe of MTN, Minister of Trade and Investment, Dr. Okechukwu Enelamah and some banks, over an alleged illegal repatriation of $13.92 billion out of the country between 2006 and 2016. The Senate had...

Former President, Chief Olusegun Obasanjo, is expected to lead discussions on 'Food Security and Sustainable Agriculture in Nigeria' at this year’s 23rd Annual LAPO Development Forum scheduled to hold in Abuja next week. The Honourable Minister of Agriculture and Rural Development, Chief Audu Ogbeh, is expected to be Special Guest...

Kenya Airways (KQ) has announced the suspension of flights to Abuja in Nigeria and Gaborone in Botswana from November 15 as part of its latest network restructuring. However, Gaborone will continue to be served multiple times a day together with partners via Johannesburg. KQ flies three times a day to...