archive2018

  Nigeria has the 11th highest rate of newborn deaths in the world, a new report by the United Nations Children’s Fund, UNICEF, has said. The report which was released on Tuesday focused on “Newborn Mortality.” The global average newborn deaths per 1,000 births are 29. But with 37 newborns...

About two in five companies privatised by the Bureau for Public Enterprises (BPE) since inception are not performing, the agency has stated. The agency said it has privatised 142 enterprises since inception in 2004 with 37 per cent of them (52) not performing. The Director General of BPE, Mr. Alex...

Registrar, Joint Admissions and Matriculation Board (JAMB), Prof Ishaq Oloyede, has slammed Nigerians that have been making jokes out of the missing N36 million from the board’s office in Makurdi, Benue State. The JAMB boss was reacting to the recent claim by Philomena Chieshe, a sales clerk in JAMB office,...

The Investments and Securities Tribunal (IST), sitting in Abuja, has awarded general damages of N3million in favour of an investor in the capital market for losses and hardship suffered in the hands of his stockbrokers. This is contained in a statement signed by the Acting Director, Corporate Affairs, IST, Kenneth...

  * FG's collaboration with private sector good for economic progress *LCCI commends Buhari administration on the economy The Buhari administration, in line with its Economic Recovery and Growth Plan, would continue to ensure the implementation of policies to drive socio-economic growth and prosperity, according to Vice President Yemi Osinbajo,...

The Federal government has declared hate speech as an act of terrorism and warned that it will, henceforth, prosecute those who indulge in it. Minister of Information and Culture, Alhaji Lai Mohammed, who revealed this, said henceforth, offenders of dangerous comments would be treated in accordance with the 2011 terrorism...

The Nigerian Natural Resource Charter (NNRC) has disclosed that there are currently no clear policies in the award of oil and gas licenses in the Nigerian petroleum industry, stating that the decisions to award or deny licenses are determined by the prevailing socio-political environment. NNRC, in its 2017 Benchmarking Exercise...

    A former President of the Christian Association of Nigeria, Anthony Cardinal Olubunmi-Okogie, has told the President Muhammadu Buhari-led administration that Nigerians were angry over poverty and insecurity in the country. He gave this verdict in a press statement entitled, “There’s Anger in the Land” and made available to...

Socio-Economic Rights and Accountability Project (SERAP) has challenged President Muhammadu Buhari to direct the Attorney General of the Federation, Mr Abubakar Malami, SAN and Minister of Finance, Kemi Adeosun to publish more details on the alleged fraud and stealing of some of the N1 trillion budgeted for the Social Investments...

Following the recent directive of the Central Bank of Nigeria (CBN) that Deposit Money Banks (DMBs) and discount houses with huge bad loans and low capital base should not pay dividends to shareholders, some of the nation’s DMBS will not pay dividend for the year ended 31st December, 2017. As...