archiveOctober 2016

  Multi-billion naira resource centre rots away Nigeria's apex maritime regulatory organ, the Nigerian Maritime Administration and Safety Agency (NIMASA), owes the landlord of its operational office overseeing the Lagos Port Complex (LPC), Apapa, Lagos State, a princely sum of N30 million, covering outstanding rents and service charges for 2015...

  ....., guidelines for granting liquid assets approved The Securities and Exchange Commission (SEC) is pleased to notify issuers and investors that the Central Bank of Nigeria (CBN) has approved “Guidelines for Granting Liquid Asset Status to Sukuk Instruments Issued by State Governments”. This is a major milestone for Nigeria...

Great Nigeria Insurance (GNI) Plc has completed the sale of 75 per cent stake to Insurance Resourcery Consultancy Services Limited (IRCSL), which by this transaction becomes a major shareholder in the insurance company. This marks the closure of the acquisition process which began five years ago, precisely, on 28th September,...

Barring last minute disagreement, chunk of pension funds will soon be injected into some power plants projects being conceived by some Nigerian investors. The investors, it was learnt, are already having discussions with Pension Fund Administrators, on how to seal the deals. The President, Pension Fund Operators Association of Nigeria...

  Ebony Agro Industry Limited, one of the companies producing quality rice in Ebonyi State was visited by the members of Finance Correspondents Association of Nigeria (FICAN) as part of the programme of the CBN seminar for the association held in the state late last month. The Chairman of the...

Although there is need to rid the judiciary of corruption, the approach adopted by President Muhammadu Buhari was totally wrong and unacceptable, the Chairman, Senate Committee on the Federal Capital Territory (FCT), Otunba Dino Melaye, said on Sunday. Melaye, representing Kogi West on the platform of the All Progressives Congress...

The Nigeria Customs Service (NCS) has debunked reports that it has lifted the ban on rice importation through land borders saying the story was the handiwork of a cabal bent on sustaining the importation of rice through the country’s land borders. According to a statement on Sunday by the spokesman...

  Nigerian senior national football team, Super Eagle defeated Zambia national team 2-1 in the World Cup qualification match in far away Zambia on Sunday evening. Two first-half goals from Alex Nwobi of Arsenal Football Club of England and Kelech Iheanachor of Manchester City Football Club also of England did...

Mr Ebun Olu Adegboruwa, lawyer and activist, has called on the Nigerian Bar Association (NBA) to call out lawyers in the country to boycott courts sittings over the Saturday morning arrest and detention of two Justices of the Supreme Court and the harassment of judges of the Federal High Court...

The Department of State Services (DSS) said on Saturday that it seized cash in various currencies totalling $800,000 during raids targeting some of the country's most senior judges in corruption investigations, According to Reuters’ report monitored by Business247 News Online, DSS carried out the sting operations on the judges' premises...