archive2018

  The African Development Bank (AfDB) says it has approved $15 million for equity investment in Verod Capital Growth Fund III, a private equity fund for investments in high growth small and medium enterprises (SMEs) in Anglophone West African countries. The bank said in a statement on its website that...

  *It’s the APC mischief - Loyalist The ambition of a business mogul, Geoffrey Bawa Shitgurum, to be governor of Plateau State under the platform of the Peoples Democratic Party (PDP) in 2019 may be heading for the rocks following allegations that he had been convicted in the United Kingdom...

  Vice President Yemi Osinbajo, SAN, has commended Nigeria’s youths for their desire to contribute to nation building in their various constituencies through active involvement in politics, while calling on them to make needed sacrifices to ensure the ideals they want to see in the country are realised. Prof. Osinbajo...

The Federal Ministry of Finance on Tuesday provided some clarifications on the Paris Club Refund approved for the 36 States of the Federation. The Ministry said in a press statement signed by Hassan Dodo, Director (Information) that it would be recalled that the issue of Paris Club loan over-deduction had...

MTN has accused the Nigeria’s attorney-general accusing him of exceeding  his powers in demanding $2 billion in taxes and charges from MTN Group, the company said in papers filed with Nigeria’s high court and reviewed by Reuters. The papers, filed on Monday in a move by the Nigerian arm of...

  The Debt Management Office (DMO) has explained Federal Government’s borrowing from China amid various comments in recent times about borrowings by developing countries from the country. A statement by the Director-General of DMO, Patience Oniha, said the comments seemed to have become heightened following the recent summit of the...

Ahead of the Osun State governorship election, the Nigeria Police Force has deployed officers in the state to gather intelligence on the strategies politicians are planning to use to induce voters. The Head, Public Complaint Rapid Response Unit of the Police, Mr Abayomi Shogunle, said this in Osogbo on Tuesday...

The Federal Government is wooing investors into the nation’s telecommunications sector by planning to introduce a 30 per cent cut in company income tax payment payable to the government. Besides, there will be relaxation of monetary and fiscal policies; access to foreign exchange; reduction in waivers and Custom Duties and...

  The Federal Government, Central Bank of Nigeria (CBN) and other financial institutions in the country in Abuja on Tuesday said challenges confronting Micro, Small and Medium Enterprises (MSMEs) would be tackled to improve nation’s economy and reduce growing poverty. The assurance was given at the 11th yearly banking and...

The lawmaker representing Odo-Otin State Constituency in Osun State House of Assembly, Olaoluwa Oyediran, has dumped the All Progressives Congress (APC) for the African Democratic Congress (ADC). The lawmaker defected to ADC with hundreds of his supporters in Okuku, Odo-Otin Local Government area of the state, saying people have suffered...