archiveOctober 2016

The Economic and Financial Crime Commission (EFCC) has arraigned former Governor of Abia State, Dr. Orji Uzor Kalu in Lagos for money laundering. According to a report news report by the News Agency of Nigeria (NAN) monitored by Business247 News Online, he has asked the Federal High Court in Abuja,...

Shareholders may have to wait until insurance companies clear their negative reserves, before they can declare dividend. Following the capital market crisis in the country in 2008, most underwriters who had invested heavily in equities have their accounts in negative, while the share value of insurance stocks, alongside other listed...

As the scourge of economic recession continues to bite harder in nigeria, seven of the listed banks which recently submitted their third quarter unaudited results and accounts on the Nigerian Stock Exchangeunts recorded huge declining in profit. The likes of Diamond Bank Plc; Unity Bank Plc; Sterling Bank Plc and...

The Worl‎d Bank has supported 120 public primary and secondary schools in Ekiti with teaching materials running into millions of naira. The Chief Press Secretary to the Governor, Mr Idowu Adelusi, said in a statement issued in Ado Ekiti on Sunday. The instructional materials are chalk, mathematical sets, books and...

Vice President Yemi Osinbajo has revealed that security agencies have arrested about 800 suspected violent herdsmen across the country. According to a statement in Abuja at the weekend,  Osinbajo disclosed this in Houston, Texas in the United States (US) at a town-hall event where he interacted with US-based Nigerians. The...

The Minister of Finance, Mrs. Kemi Adeosun has challenged Nigerian women to avail themselves of the immense opportunities created by the current economic challenges in the country. The Minister, who was the keynote speaker at the launch of First Gem, the first female-focused product from First Bank Nigeria Limited, on...

Former President of Nigeria, Chief Olusegun Obasanjo, has made an order for made in Aba shoes. Obasanjo  made the order through the Chief Marketing Officer of Made-in-Aba Product, Governor Okezie Ikpeazu during the 2016 Tony Elumelu Entrepreneurship Forum in Lagos. While making his speech at the event, the Abia State...

… As Omatseye, CDHR, SERAP insists on upholding rule of law Human right activist and former president of Committee for Defence of Human Rights (CDHR) Mr Femi Falana has advised the Federal Government not to go ahead with the proposed borrowing of 29 billion dollar loan from the World Bank. ...

Nigerian Breweries Plc rewarded media excellence and outstanding journalism practice at the Nigerian Breweries Golden Pen Award which took place Lagos over the weekend. The award which is the eight in the series is aimed at promoting professionalism and objective reportage of events in Nigeria. It is also meant to...

The National Insurance Commission(NAICOM) is seeking the support of Gombe State Government on implementation and enforcement of five compulsory insurance policies in the country, especially, as the second phase of the Market Development and Restructuring Initiative (MDRI) is about to take off. The insurance policies include; Motor Vehicle (Third Party)...