archiveNovember 28, 2016

The Chairman, Senate Committee on Agriculture, Sen. Abdullahi Adamu, has supported Ebonyi State Government over the ban on the sale of foreign rice. Adamu disclosed this during the Nigeria’s Zero Hunger Initiative meeting in Abuja on Monday. The chairman was reacting to the ban by Governor David Umahi of the...

The Corps Marshal, Federal Road Safety Corps (FRSC), Mr Boboye Oyeyemi said in Lagos on Monday that many crashes were caused as a result of disobedience to traffic rules and regulations by road users, not the ember months. He made the remark during the official flag-off of the Ember months...

The equity market on Monday shed 0.06 per cent to kicked off the last week in November 2016 on a negative note as investors continued profit-taking in highly capitalized stocks. Stock Exchange lead indicator, the All-Share Index (ASI) shed 14.98 basis points, representing a decline of 0.06 per cent from...

Remarks of the distinguished Senator for Kogi West, Otunba Dino Melaye on the groundbreaking ceremony of the Ahmadu Bello University Zaria’s 10mw Solar IPP- November 28, 2016, Zaria Excellency, Your Royal Highness, Esteemed Vice Chancellor, my Professors, lords, ladies, gentlemen, graduates and under graduates of this august institution. I stand...

Bloomberg, in its editorial on Monday said that President Muhammadu Buhari’s rigid leadership style was making the Nigeria’s economic problems harder to solve and stressed “Africa and the world cannot afford a failing economy in the continent’s most populous nation. “Yet that is exactly what Nigeria might be getting: Its...

The Manufacturers Association of Nigeria (MAN) on Monday said retaining the Monitory Policy Rate (MPR) at 14 per cent by the Central Bank of Nigeria (CBN) would negate growth of manufacturing sector. Mr Frank Jacobs, President, MAN, told the News Agency of Nigeria (NAN) in Lagos that the 14 per...

By Nkem Ndem Italy and Brazil may be known as the flagship countries that popularized festivals all over the world, but with time, other countries and societies, including Nigeria are now rising up and boosting their local festivals so much that they now even stand a chance at competing with...

The President /Chairman, Chartered institute of Banker of Nigeria (CIBN) Professor Segun Ajibola has warned the Federal Government of Nigeria to tackle the international barriers to Nigeria domestic good in order to succeed with the country’s goal of diversification. The CIBN chief , who made this statement over the weekend...

South Africa's telecom group MTN has met with Nigeria's Securities and Exchange Commission (SEC) to discuss a possible Initial Public Offering (IPO) and how it wanted to structure the share sale; the head of Nigeria's SEC told Reuters. According to Reuters’ report monitored by Business247 News Online, SEC Director General,...

The Central Bank of Nigeria (CBN) has revealed through its Director, Banking and Payment System, Mrs. Tokunbo Martins that the nation’s currency has lost about 85 per cent of its value in the last two years Martins who disclosed this at the weekend in a presentation made at a round-table...