archiveNovember 2016

A Central Bank of Nigeria (CBN) survey has shown that private sector operators expect the naira to further depreciate and inflation to increase further before the end of the year. According to the survey titled, “Business Expectations Survey, BES, for Fourth Quarter, 2016”, ‘Firms that participated expect the naira to...

By ABDUL OLALEKAN Insurance agents are calling on the insurance operators and stakeholders to include them in the proposed insurance rebranding project, expected to commence next year. The rebranding project has been estimated to be a multi-million Naira project, expected to increase insurance sensitisation and education, in a bid to...

As the Federal Government strengthens its revenue generation in non oil & Gas sector, investigation by Busness247 News Online has revealed that 11 banks have paid N99.27 billion in tax at the end f third quarter of 2016. The considered banks had paid N90.16 billion in prior nine months of...

The Northern States Governors’ Forum and the General Electric ‎International signed a Memorandum of Understanding (MoU) on Monday for the construction of five solar plants targeted at generating 500 megawatts of electricity in some parts of Northern Nigeria. Borno State Governor and Chairman of the forum, Kashim Shettima, signed the...

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...