archiveFebruary 2017

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...

Amidst the decline in value turnover, the Nigerian Stock Exchange All-Share Index recorded a marginal gain of 0.13  per cent to halt the sentiment trading of the last three trading days, supported largely by improved buying interest in some banking stocks. Consequently, the index strengthened by 32.69 basis points to...

...receives 31-man delegation of Defence Attaches Bayelsa State governor, Henry Seriake Dickson on Thursday received a-31 man delegation of Defence Attaches across the globe and proffered non-violence approach to the security situation in the Niger Delta region and the entire nation as a whole. He received the delegation led by...

The Governor of Abia State, Dr Okezie Ikpeazu has met with management of Total E &P Nigeria Ltd over the lingering issues of none-remittances of revenue to the state by the multinational oil firm, and total neglect of the oil-bearing communities in Ukwa West LGA of the state, where the...

The Judicial Commission of Inquiry on pay roll fraud has presented the volume 1 of its report to the government with a shocking discovery. The Chairperson of the Commission, Hon. Justice Doris Adokeme while presenting the report to Governor Seriake Dickson at the Executive Chamber, Government House, Yenagoa on Wednesday...

The National Union of Electricity Employees (NUEE) on Thursday said the Kaduna Electric, has terminated the appointments of 530 of its members. Kaduna State Chairman of the union, Ephraim James, said in Kaduna that the company issued sack letters to the workers on February 1. “The termination letters are being...

Ghana’s budget deficit could be twice as big as previously forecast, Finance Minister Ken Ofori-Atta said a day after the government revealed a 7 billion-cedi ($1.6 billion) hole in the budget. The disclosure sent bonds tumbling. The shortfall as a percentage of gross domestic product could be close to “double...

  In a bid to promote local foods and strengthen the domestic market, Heritage Bank Plc, has sponsored Season-3 of Bukas & Joints, hosted by Olisa Adibua, a respected media personalities in the African continent. The launching of the screening of the Season-3 television food show in Lagos on Wednesday...