archiveAugust 2019

PwC estimated that migrant remittances to Nigeria could grow to $25.5 billion, $29.8 billion and $34.8 billion in 2019, 2021 and 2023 respectively, PwC's latest White Paper Series, Strength from Abroad: The Economic Power of Nigeria's Diaspora, has said Migrant remittances were 77.2 per cent of the Federal Government's budget...

  Lagos State governor Babajide Sanwo-Olu will be swearing-in 35-man cabinet members to serve as commissioners and special advisers. The swearing-in ceremony has commenced at Adeyemi Bero Auditorium inside Lagos State Secretariat, Alausa, Ikeja. Secretary to Lagos State Government Folashade Jaji said the inauguration of cabinet members by Sanwo-Olu was...

The Federal Government has set up inter-security task force to conduct joint border security in four geopolitical zones of the country to tackle insecurity. The Public Relations Officer of Nigeria Customs Service, Mr Joseph Attah, made this known in a statement on Tuesday in Abuja. Attah said that the joint...

    Manchester United are working on identifying individuals who racially abused Paul Pogba online after the midfielder missed a penalty in Monday’s 1-1 draw at Wolverhampton Wanderers, the Premier League club said on Tuesday. Pogba won a late penalty but had his effort from the spot saved by Wolves...

  The three commissioner-nominees, who were not confirmed on Monday by the Lagos State House of Assembly, were victims of high-wire politics, it was learnt. Three nominees are: Prince Olanrewaju Sanusi, Mr. Obafemi George and Ms Adekemi Ajayi-Bembe. A party source told The Nation that the Assembly could not resist...

The Supreme Court on Tuesday struck out an interlocutory appeal filed by the Peoples Democratic Party (PDP) and its candidate Atiku Abubakar in the last presidential election after the appeal was withdrawn by Atiku’s counsel. Justice Musa Muhammad in the lead judgment, held that the case was statute barred and...

The operatives of the Economic and Financial Crimes Commission on Tuesday morning stormed the residence of former Lagos Governor Mr. Akinwunmi Ambode, raiding the building as part of an ongoing corruption investigation. According to the report, the residence of Ambode in his hometown of Epe was being searched as of...

  Cornerstone Insurance PLC on Monday said it recorded Gross Written Premium (GPW) amounting to N11.5 billion in the 2018 financial year. The company made the claim in a statement released in Lagos by its Chairman, Mr Segun Adebanji. According to the statement, which is a prelude to the company’s...

The naira on Monday traded at N358.6 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N445 and N396, respectively. At the Bureau De Change (BDC) segment, the naira was sold at N358.6, while the pound sterling and the euro closed at...

  Zenith Bank Plc has announced its audited results for the half year ended 30 June 2019, recording positive growth across key financial metrics, thus affirming the bank’s position as one of the leading financial institutions in Africa. As a testament to its commitment to its shareholders, the bank also...