archiveMarch 2019

The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Kuru, on Wednesday, called on the Federal Government to revisit the Failed Bank Act to enable operatives in the banking sector account for their actions. Kuru made the call when officials of Risk Management Association of Nigeria...

The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has provided a breakdown of how the Independent National Electoral Commission (INEC) allegedly reduced his votes in 31 states and the Federal Capital Territory (FCT) in the February 25 presidential election. Atiku made the claim in a petition he...

  Says 30,000 petty traders collected after elections With repayments, some have started collecting 2nd (improved) loans of N15, 000   Contrary to speculations in some quarters, the TraderMoni scheme and other GEEP micro-credit products (MarketMoni and FarmerMoni) – a component of the Buhari administration’s Social Investment Programme, are still...

Telecommunications operators are considering a review of call tariff in selected states in the country, investigations by The Punch have revealed. The new tariff, according to findings, will reflect the cost of doing business in the affected states. It was gathered that this move became necessary in view of the...

 Trainees secure instant job placements In continuation of its mission of up-skilling thousands of youths with employable skills, the Lagos State Employment Trust Fund (LSETF) under its skills acquisition scheme, the Employability Support Project, has presented a batch of 80 trainees with vocational training certifications in building and construction operations,...

  The Nigerian equities market sustained its bearish trend for the third trading session this week as the benchmark index declined by 0.13 per cent, to 31,040.84 points on Wednesday weighed by a NESTLE led selloff. Thus, the Month-to-Date and the Year-to-Date returns decreased to -2.14 per cent and -1.24...

The All Progressives Congress (APC) has reacted to the claim by the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar that he defeated President Muhammadu Buhari by over 1.6 million votes in the nation’s February 23, 2019 presidential election. Mallam Lanre Issa-Onilu, the party’s National Publicity Secretary, in a statement...

Vice-President Yemi Osinbajo has halted his visits to markets nationwide to promote the Trader Moni scheme, The PUNCH has learnt. Osinbajo, it was learnt, has not toured any state to promote Trader Moni in the last one month. However, checks by The PUNCH showed that the programme was still on....

As the world marks the International Day of Happiness, Nigeria is ranked 85 out of 156 countries and second in sub-Saharan Africa. This is according to the annual Global Happiness Policy Report produced by the Global Happiness Council, which was released on Wednesday. Nigeria’s ranking is an improvement from its...

  Okays N3.03bn for Ogoni clean-up, N1.121bn for Enugu water project   The Federal Executive Council (FEC) on Wednesday in Abuja approved N27.5 billion intervention fund for the restoration of farming and other agricultural activities in states where conflicts, flooding and other devastating events had affected economic activities of Nigerians...