archiveFebruary 3, 2017

The Task Force on Food Security constituted by the Federal Executive Council on Wednesday, February 1, 2017 had its inaugural meeting on Friday. At the meeting presided over by the Ag. President, the Task Force focused on gaining a full understanding of all factors that contribute to unduly high food...

…Says vehicles procured on hire-purchase/lease basis The Bayelsa State government has described as falsehood reports that it has bought official cars for political appointees saying it was the handiwork of mischief makers. A statement by the Chief Press Secretary to the Governor, Mr. Daniel Iworiso-Markson explained that the purchase of...

By Abdul Olalekan The National Insurance Commission (NAICOM) has intervened in claims dispute between the insured and insurance companies, leading to N5.4 billion paid out as claims by the concerned insurers in 2016. A statement from the commission on Friday said the N5.4 billion claims were paid from 218 complaints...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.52 per cent while the Year-to-Date return stood at -3.99 per cent. The All-Share Index closed at 25,802.54 against the previous close of 25,936.24 while Market Capitalization closed at ₦8.892 trillion against previous close of ₦8.939...

Skye Bank has announced the voluntary resignation of some of its executive directors from the services of the bank on Friday. The directors who resigned are Mr. Idris Yakubu, Mrs. Markie Idowu, Mrs. Abimbola Izu and Mr. Bayo Sanni. The directors had served in executive management capacity for nearly two...

Despite pressure on the Central Bank of Nigeria (CBN) from local and international currency speculators, traders, consultants and politicians to allow the currency to freely float as a way of easing foreign exchange scarcity that has hit the country, the apex bank has recently said it will not allow the...

Nigerian popular hip pop artiste, Innocent Idibia known as Tu Face, has been banned from protesting in Lagos over the alleged inability of the Federal a government to handle the economy. The Lagos State Commissioner of Police (CP), Mr. Fatai Owoseni, who disclosed this, said the command was not ready...

The Federal Government has disclosed that it will look to issue a debut Diaspora bond by March to raise funds from Nigerians abroad, after completing a $1 billion euro-bond sale this month. Nigeria is in its first recession in 25 years and needs to find money to make up for...

The latest financial market report released by a Lagos based investment banking and research firm, Afrinvest West Africa Limited has clearly stated that Nigerian banks’ assets have depreciated in the last two years, with provisions for Non-Performing Loans (NPLs) hitting N856.9 billion. It said provisioning for the NPLs, which rose...

By Abdul Olalekan Senator Aliyu Magatakada Wamako, has proposed a bill seeking the provision of 75 per cent as pension lump sum for retirees. The bill seeks amendment of some sections of the Pension Reform Act (PRA)  to accommodate new provisions that are perceived to provide succour to retirees in...