archiveNovember 2016

The number of deaths from measles has fallen by 79 percent worldwide since 2000, thanks mainly to mass vaccination campaigns, but nearly 400 children still die from the disease every day, global health experts said on Thursday. In a report on global efforts to "make measles history", the United Nations...

The N146.17 billion 2016 budget of the Federal Inland Revenue Service (FIRS) suffered a setback on Thursday  at the National Assembly as the Senate declined to approve it. The budget was not approved based what the upper house called the poor job carried out by its Finance Committee which scrutinised...

The European Union Foreign Direct Investment (FDI) in the Nigerian economy recorded €30 billion in 2015 despite the exit of foreign investment. Head of EU Delegation in Nigeria, Ambassador Michael Arrion, at the EU-Nigeria Business Forum in Lagos on Thursday, said that the European Union and Nigeria had, over the...

A coalition of vexed, angry and frustrated Nigerians under the aegis of #Occupy Unlimited & Be The Change Organisation# on Thursday demanded the removal of immunity clause from the constitution to pave way for the prosecution of the president and governors whenever they contravene the law and dip their hands...

Some BDCs operators selling Forex above the stipulated limit were arrested by security agencies, in both Lagos and Ikeja on Thursday. While speaking with the security agencies, Business247 News Online learnt that those arrested would be prosecuted in order to discourage others from flouting the FX regulations against the Federal...

Nigerian security agents raided the offices of black market currency dealers on Thursday, detaining some dealers and ordering others to sell dollars at a lower rate in a bid to break the fall of the currency, dealers said, Reuters report on Thursday. The Central Bank of Nigeria (CBN) has been...

By Niyi Olaoye The former Director-General of the Nigerian Stock Exchange (NSE), Professor (Mrs) Ndi Okereke-Onyiuke, has urged the Federal Government to wind down the operations of the Nigeria Deposit Insurance Corporation (NDIC) and merge it with the Assets Management Corporation of Nigeria (AMCON). The advice came on the tail...

The House of Representatives has asked the Economic and Financial Crimes Commission (EFCC) and the Central Bank of Nigeria (CBN) to immediately go after the promoters of the Mavrodi Mondial Moneybox, known as MMM, in Nigeria. The lawmakers who on Wednesday strongly expressed opposed to the investment scheme, which has...

---Reuters Demonstrators marched in cities across the United States on Wednesday to protest against Republican Donald Trump’s surprise U.S. presidential election win, blasting his controversial campaign rhetoric about immigrants, Muslims and other groups. In New York, thousands of protesters filled streets in midtown Manhattan as they made their way to...

Nigeria’s population reached 182 million this year with more than half its people under 30 years of age, putting a severe strain on a nation suffering from a slowing economy and declining revenue to provide enough schools and health facilities. According to the Director General of the National Population Commission...