archiveJanuary 2019

The National Insurance Commission (NAICOM) has suspended Guinea Insurance Plc from doing new businesses, it was gathered on Wednesday. Sources within the insurance industry said the suspension took effect from January 29 this year. Going forward and until the suspension is lifted, the firm cannot take new businesses except to...

  A single individual can’t end poverty - Atiku Anti-grazing law may be unconstitutional - Atiku The Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has described himself as ‘the most investigated politician in Nigeria,’ noting that, up until now, no one has convicted him of any crime....

Statement by National Christian Elder Forum (NCEF) CJN Onnoghen: What is Really at Stake and the Way Out The National Christian Elders Forum (NCEF) has noted another brazen attempt of the President Buhari Administration to establish its undemocratic character and sectional purpose in Government. That President Buhari would conduct what...

For the third consecutive session the Nigerian equities market closed in the red  as the market All-Share Index (ASI)  fell by 0.11 per cent to 31,145.34 points, following selloffs across major Consumer Goods counters. Set against the foregoing, the Month-to-Date loss declined to 0.91 per cent. On sectoral performance, the...

Zenith Bank Plc, Nigeria’s second-biggest lender, is increasing its focus on consumer lending as lower oil prices weigh on the economy, hurting its business customers. The Lagos-based bank is expecting to expand retail loans as a percentage of total credit to about 4 per cent this year from less than...

Defends Atiku, says he has learnt his lessons Former President Olusegun Obasanjo launched another verbal attack on President Muhammadu Buhari. The former President, who was the guest speaker at the Island Club Quarterly Business Lecture, on Wednesday, criticised Buhari for his lengthy absences from office and the country on medical...

Indication has emerged that 25 national assets have been lined up for outright sale or privatisation, with the federal  government hoping to raise about N200billion from the transactions to help in funding its 2019 budget, Leadership Newspaper reported on Wednesday. The papers findings revealed that the work plan for the...

Apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, has explained  why it endorsed the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar because Ndigbo were completely down. President General of the organization, John Nnia Nwodo who made the clarification in a Solid FM radio station programme monitored by The Nation’s correspondent, said...

The Presidential Candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar, on Wednesday said he would take practical steps to reposition the economy, if elected. Delivering the 2019 Quarterly Island Club Business Lecture in Lagos, the PDP flag bearer promised to restore investor confidence in the economy. In the...

A truck loaded with 33,000 litres of petroleum product fell on Wednesday morning at Barracks Bus Stop, along the Mile 2/Badagry Expressway, Ojo, Lagos, spilling its content on the ground and triggering wildfire. A yet to be ascertained number of persons, according to unconfirmed reports died in the unfortunate incident...