archiveAugust 2018

  The Peoples Democratic Party (PDP) says poor understanding of current global economic dynamics and corruption were directly responsible for the accumulated N22 trillion national debt burden. The Party said this in a statement issued by its National Publicity Secretary, Mr Kola Ologbondiyan on Wednesday in Abuja. Ologbondiyan said that...

Socio-Economic Rights and Accountability Project (SERAP) has dragged the National Youth Service Corps (NYSC) before the Federal High Court in Lagos asking the court to compel it to explain if the Minister of Finance, Mrs Kemi Adeosun obtained any Exemption Certificate from the NYSC. The civil society organisation is specifically...

The Consumer Price Index (CPI) which measures inflation declined by 0.09 per cent to 11.14 per cent for the month of July, less than 11.23 per cent recorded in June 2018. This makes it 18th consecutive decline. The National Bureau of Statistics (NBS) on Wednesday said that the urban inflation...

  Executive Chairman, Federal Inland Revenue Services (FIRS), Mr. Babatunde Fowler, has said that taxation is the way to achieving a sustainable economy and a robust funding of government infrastructures and social services. Fowler said this while speaking on the theme: “Tax: An Old Wave on a New Shore” at...

The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments of the market. The CBN Acting Director of Corporate Communications, Mr Isaac Okoroafor in a statement on Tuesday, said that 100 million dollars was offered to...

  Transactions on the Nigerian Stock Exchange (NSE) on Tuesday remained bearish, as the All-Share Index  (ASI) dropped by 0.40 per cent to close at 36,333.80 points, amidst sell pressure in value stocks. Losses in five premium stocks  of UBA, Zenith Bank, Access Bank, Lafarge and Seplat Petroleum and 17...

  Acting President Yemi Osinbajo has appointed Matthew B. Seiyefa, the most senior Director in the Department of State Services (DSS), to act as Director-General of the agency until further notice. The Presidency made the announcement on Tuesday evening, following the sacking of Lawal Daura as DG for breach of...

The National Chairman of African Democratic Congress (ADC), Chief Ralphs Okey Nwosu, will formally present the flag of the party to Alhaji Fatai Akinbade as the party's candidate for the scheduled 22nd September, 2018, Osun State Governorship election. Similarly, Justice Olamide Folahanmi Oloyede (rtd) the deputy governorship candidate of the...

  By Kayode Oladeji The name, *Fatai Akinade Akinbade*,needs little or no introduction, especially in around Osun State. This is because having contributed immensely on all fronts to the development of the state; he has remained permanently on the positive side of history. This cannot be wished away under whatever...

  First Bank of Nigeria said on Tuesday that it had redeemed a $300 million Eurobond before maturity and had paid all bondholders. The seven-year bond was issued in 2013 at 8.25 per cent and had been due to be repaid in 2020. First Bank announced its intention last month...