archiveMay 2017

By: Idoko Ainoko Asiwaju Senator Bola Ahmed Tinubu is really the odious, typical Nigerian politician. All is fair, if it is fair with him and his clan of Western sycophants and elsewhere. Everything must be rubbish and messy, anytime he misses his political steps. Nigeria should go into convulsion because...

The Central Bank of Nigeria (CBN) plans to auction an undisclosed amount of dollars through book building to settle a backlog of demand for airlines, fuel and raw material imports, traders said. Traders said the CBN had asked lenders to bid for hard currency for specific sectors in efforts to...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 2.95 per cent, while the year-to-date return stood at 2.50 per cent. The All-Share Index closed at 27,546.68 against the previous close of 26,756.21 while Market Capitalization closed at ₦9.522 trillion against previous close of ₦9.249...

The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has said that oil companies in the country will start refining crude before 2019. He said this while speaking with State House Correspondents shortly after meeting with Acting President Yemi Osinbajo and top management of Agip Oil Company in the...

NEMA says another batch of 250 Nigerians return from Libya Thursday National Emergency Management Agency (NEMA) said on Wednesday that another batch of 250 Nigerians would voluntarily return to the country from Libya on Thursday. The spokesman for South-West Zone of NEMA, Mr. Ibrahim Farinloye, told the News Agency of...

The International Monetary Fund (IMF) has said that Sub-Saharan Africa’s economic growth outlook is “subdued” as the region’s oil producers delay policy adjustments needed to trigger and sustain expansion momentum. the IMF in an emailed copy of its Regional Economic Outlook on Tuesday said that the area’s gross domestic product...

The World Bank has barred six local firms from transacting business with it, including engaging in any form procurement activity. Acccording to a report by The Nation, newspaper, the affected organisations were accused of contradicting the World Bank’s procurement and consultant guidelines during the bank’s procurement for projects and programmes....

There are indications that the negotiations between Etisalat Nigeria, the local mobile unit of UAE telecoms group Emirates Telecommunications Corporation (Etisalat), and its lenders on a deal to restructure a $1.2 billion loan have stalled. Sources with knowledge of the matter told Reuters. Etisalat signed the loan with a consortium...

• Osinbajo says Buhari handed over to him before leaving Nigeria Dr. Olisa Agbakoba, SAN has expressed concern over what he called unnecessary controversy raised over the wordings of letter written to the National Assembly by President Mohhamadu Buhari empowering Vice President Yemi Osinbajo to act on his behave while...

Executive Director Commercial of NASCON Allied Industries Plc, Fatima Aliko Dangote has expressed delight at the expected significant increase in both turnover and profitability of the company, as a result of the proposed new products, to be released to the market before the end of this year. In a chat...