archiveMarch 2018

  It whittles down EFCC, police powers The National Assembly yesterday passed into law the bill aimed at establishing the Nigeria Financial Intelligence Unit (NFIU) in line with international best practices. If assented to by President Muhammadu Buhari, the NFIU, which hitherto was under the Economic and Financial Crimes Commission...

The domestic bourse sustained a positive start to the week as the NSE All -Share Index gained 0.2 per cent on Tuesday to settle at 43,609.77 points while YTD return expanded to 14.0 per cent. In turn, investors gained N34.4 billion in value as market capitalization increased to N15.7tn. The...

  The Securities and Exchange Commission (SEC) has notified Nigerians of an impending forensic audit into the affairs of Oando PLC, the nation’s capital market regulator said on Tuesday it was set to commence the exercise. The acting Director General of the Commission, Dr. Abdul Zubair, said the decision to...

*Says Boko Haram war must henceforth be fought on all fronts; from the financial networks that sustain terrorists to the cyberspace that amplifies their noise “But there should be no room for self-pity or frustration on our part. The Dapchi and Rann incidents should, if anything, rekindle our determination, as...

Nigeria’s Fidelity Bank expects loans to grow at a faster pace this year than the 7.5 per cent it forecast for 2017, helping lift profits after treasury yields fell, an executive told Reuters. Nigeria, which emerged from its first recession in 25 years last year, has been working to lower...

  President Muhammadu Buhari has observed that with the right leadership and implementation of public policies, Africa’s drive to eradicate poverty and entrench democracy is now on course. He made this observation on Tuesday in Accra, at Ghana’s 61st Independence anniversary celebration which took place at the Independence Square in...

  Amazon founder and chief executive, Jeff Bezos, has been named by Forbes Magazine in its latest edition as the world’s richest man with $112 billion dollar fortune. He replaces Microsoft co-founder, Bill Gates, who fell back into second place with $90 billion dollars. Forbes calculated that Bezos’s fortune, which...

  The Manufacturer Association of Nigeria (MAN) has appealed to the Lagos State Government to reverse its current increment of land use charges to ensure the survival of the manufacturing sector. MAN President, Dr Frank Jacobs, made the plea on Tuesday in an interview in Lagos. Jacobs said that the...

  As this year Unified Tertiary Matriculation Examination (UTME) begins on Friday, March 9 to March 17, 2018, the Joint Admission Matriculation Board (JAMB) has reiterated its warning to candidates against bringing in 16 prohibited items into the examination halls. JAMB Registrar, Prof. Ishaq Oloyede, said the items were prohibited...

  The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has stated that Nigeria has forever lost the United States as a major market of crude export. Following a surge in the production of shale oil, America’s import of oil from Nigeria dropped to zero in June 2015 from...