archiveNovember 2016

The World Health Organisation (WHO) has called for prioritisation of actions to prevent people becoming overweight and obese, beginning before birth and in early childhood as it has predicted that over 18.2 million Africans, including an estimated 4.8 million Nigerians, may become diabetic by 2030. According to WHO,  currently, of...

  More than 11-year high, nine-month rise in a row Annual inflation in Nigeria accelerated in October to 18.3 per cent from 17.9 percent a month earlier, the National Bureau of Statistics (NBS) said on Monday, a more than 11-year high and the ninth monthly rise in a row. A...

The National Bureau of Statistics (NBS).has revealed that capital importation into Nigeria’s oil and gas sector has declined from the $200 million (N90 billion) of the second quarter of 2016 to $172 million (N78 billion) in third quarter of 2016. The decline has been attributed to uncertainty in the country’s...

President-elect Donald Trump said on Sunday that he intends to deport or incarcerate as many as three million undocumented immigrants once he takes office. “What we are going to do is get the people that are criminal and have criminal records, gang members, drug dealers, where a lot of these...

The Federal Government has promised to work with the Nigerian Stock Exchange (NSE) to promote the Nigerian stock market given the role of the exchange as an important driver of economic activities and investments. The Vice President, Prof. Yemi Osinbajo, said this during a courtesy visit to the NSE in...

Lagos Ports Complex (LPC), Comptroller Musa Jibrin, has commenced operations at the Lagos Deep Offshore Logistics base (LADOL), saying the indigenous Oil and Gas services’ facility is in tune with global best practices in the specialised energy sector. The commendation was made in Lagos during an official tour of the...

As part of its commitment to building and supporting economic growth and development in the country, Diamond Bank in partnership with Pan-Atlantic University’s Enterprise Development Centre (EDC) has rolled out series of activities to celebrate the immense contributions of entrepreneurs in driving economic growth and development in the country. The...

EDC Fund Management, the Asset Management arm of Ecobank in Nigeria has announced the launch of two mutual funds - The EDC Nigeria Money Market Fund, and the EDC Nigeria Fixed Income Fund. The mutual funds gives customers of the company and other interested Nigerians the opportunity to diversify their...

The newly installed 52nd president of the Institute of Chartered Accountants of Nigeria (ICAN), Deacon Titus Soetan is of the view that Nigerian’s corruption cannot be tackled by accountants alone rather everybody should be involved with entrepreneurship and honesty. He encouraged more chartered accountants as entrepreneurs, running their own businesses...

By Abdul Olalekan The recent circular issued by the National Pension Commission (PenCom) mandating life insurance companies to transfer about N145.05 billion Annuity Fund in their possession to Pension Fund Custodians (PFCs) is generating controversy between insurance and pension sectors, Business 247 News Online, has learnt. Investigation shows that the...