archiveNovember 2016

We lost a rare leader Afenifere mourns the passing away of its oldest surviing member, Sir Olaniwun Ajayi who transited to higher glory in the early hours of Friday at the age of 91. A press statement on Friday, signed by the National Publicity Secretary of Afenifere, Mr. Yinka Odumakin...

The Nigerian Communications Commission on Friday said that the Value Added Service segment of the telecommunications industry would reach $500 million in the next five years. The Executive Vice Chairman of NCC, Prof. Umar Danbatta, made this known in Lagos during the two-day Nigeria Innovation Summit 2016. Danbatta, represented by...

Kaduna State is close to agreeing a $625 million deal with an Indian consortium to build a light railway and also plans two new power plants, its governor said. The State Governor, Mallam Nazir El-Rufai disclosed this in an interview with Reuters. Development in Africa's biggest economy has been held...

The National Pension Commission (PenCom) will soon unveil its Micro Pension project, an initiative that provides pension coverage to self-employed Nigerians. Head, Micro Pensions Department of PenCom, Mr. Polycarp Anyanwu said this at a two-day seminar for journalists in Calabar, Cross River State. According to Anyanwu, the initiative covers three...

As part of efforts to increasing power supply in the country and further tapping into the gas to power value chain, the Federal Government has signed a number of agreements that will add more than 500wm of electric power to the national grid. The agreements were signed by the Federal...

By Niyi Olaoye The recent report by the National Bureau of statistics (NBS) on selected banking sector statistics between first quarter of 2015 to second quarter of 2016 has revealed that the outstanding domestic loans/ leases issued out by the 976 Nigerian Mircorfiance banks stood at N249,930,279,000.00. The report which...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization continued its downward movement on Thursday as they decreased by 0.66 per cent, while the Year-to-Date return stood at -5.58 per cent. The All Share Index closed at 27,044.36 against the previous close of 27,223.08 while Market...

As Bayelsa State marks its 5th Annual Thanksgiving Day celebration, Governor Seriake Dickson has called on the people of the state to jettison all divisive tendencies and join forces with his administration to build the state. Speaking at the well-attended event on Wednesday, at the State Ecumenical Centre at Igbogene,...

  As Adeosun restates FG’s commitment to PPP model Vice-President Yemi Osinbajo, on Thursday, explained that the current administration decided to invest heavily in infrastructure because it is convinced the effort would translate into economic growth for the country. Speaking at the African Development Bank Knowledge Sharing Forum in Abuja,...

  By Niyi Jacobs The Minister of State, Ministry of Budget & National Planning, Mrs. Zainab Ahmed, has said that the 2017-2019 Medium Term Expenditure Framework (MTEF) has been prepared and approved by the Federal Executive Council (FEC) and is currently before the National Assembly for consideration . The minister...