archiveMay 2017

Nigeria can build on the oil-driven economic recovery anticipated for it in 2017 by strengthening its macroeconomic policy framework and implementing the structural reforms needed to diversify the economy and break out of a boom and bust cycle, according to the World Bank’s newly-released Bi-annual Economic Update. In 2016, Nigeria...

Development Bank of Nigeria (DBN), a new state-backed lender, aims to make up to 20,000 new loans to small firms within its first year of operation as part of efforts to help unlock credit to the recession-hit economy, its chief executive Tony Okpanachi said. Africa's biggest economy is in its...

Niger-Delta needs rapid development, Dickson tells NDDC Bayelsa State Governor, Henry Seriak‎e Dickson, has called on all Niger Delta leaders to close ranks and rededicate themselves to the development of the region. He said the call became necessary in order to change the narrative of underdevelopment plaguing the region. According...

About five Deposit Money Banks (DMBs) have violated Central Bank of Nigeria (CBN)’s five per cent Non-Performing Loans (NPL) ratio threshold. Bad loans in banking system soared to more than double the limit set by the CBN as the industry struggles with an economic downturn. The current macro headwinds has...

Military corruption is weakening Nigeria's efforts to battle the Islamist insurgency of Boko Haram, the watchdog Transparency International said on Thursday. Its report underlines the difficulty of achieving two key promises of President Muhammadu Buhari's 2015 election campaign: tackling endemic corruption and defeating an insurgency that has claimed over 20,000...

…As stakeholders pour encomium Nigeria’s Acting President, Professor Yemi Osinbajo has expressed gratitude to the United Kingdom Government for sustaining its support to the country, even as he lauded the implementation of the Justice For All (J4A) programme, saying that it has shaped the Justice Sector reforms of Nigeria. Osinbajo,...

In exercise of the presidential authorities vested in the Executive arm of government, Acting President Yemi Osinbajo, SAN,on Thursday in Abuja signed three executive orders that will significantly change some of the ways government business and operations are conducted in the country forthwith. Ahead of the signing, the Acting President...

Olam International, the leading agri-business group operating from seed-to-shelf in 70 countries recently launched the best in class and latest micro extrusion technology fish feed, Aqualis in Warri at the Prestigious Hotel Presidential, Port Harcourt. Aqualis, the first offering from the animal feed investment from Olam International, has a high...

Governor Seriake Dickson of Bayelsa State has decried the attitude of some parents in the state towards the education of their children, describing it as a setback for his government's efforts in that sector‎. Dickson who came out with this while declaring open‎ the 76th Bayelsa State Executive Council (SEC)...

Acting President Yemi Osinbajo, SAN, warmly joins all church leaders and Christendom in congratulating former General Overseer of The Foursquare Gospel Church, Dr. Wilson Adebogun Badejo, who turns 70 on May 19, 2017. The Acting President in a press statement felicitates with all members of the church, friends and family...