archiveSeptember 2019

  Funding and disbursement domiciled in Budget & National Planning Ministry Schemes had World Bank, CSOs oversight and praise for its transparency   National Social Investment Office (NSIO) has come out with comprehensive explanation on how funds under National Social Investment Programmes (N-SIPs) were managed Summary The Office of the...

  As two bills pass first reading in Senate The Senate on Tuesday urged the Federal Government to accelerate its policies on the diversification of the economy to improve the country’s foreign exchange earnings. The call was made in resolutions reached by the Senate following consideration of a motion titled...

The Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index (PMI) for September 2019, has shown an expansion in the nation’s economy. According to the PMI report for September released yesterday, the Manufacturing PMI stood at 57.7 points in the month under review, indicating a slower growth rate, compared to the...

The Standards Organisation of Nigeria (SON) has equipped local steel producers for the global market. It said it is spearheading the harmonisation of standards within Africa and the West African sub-region, urging Nigerian steel producers to not only take advantage of the biggest market in Africa, but also the world...

The Managing Director/Chief Executive Officer, FMDQ Securities Exchange Plc, Mr. Bola Onadele.Koko has said that an effective and fully developed securities depository system is essential for maintaining and enhancing market efficiency. This he said is one of the core characteristics of a mature capital market and the depository and attendant...

A former Deputy National Publicity Secretary of the All Progressives Congress (APC), Timi Frank, on Tuesday replied the Federal Inland Revenue Service (FIRS) to preceded on legal action to sue him as he insisted that the service sponsored the APC presidential campaign with N90 billion he alleged was given to...

  A Federal High Court in Abuja Tuesday ordered the immediate release of Omoyele Sowore, the publisher of Sahara Reporters and the presidential candidate of the African Action Congress (AAC). The court, however, asked him to deposit his international passport with it before he is released. The judge, Justice Taiwo...

  The Central Bank of Nigeria (CBN) and the Financial Reporting Council of Nigeria (FRCN) have sanctioned the United Bank for Africa (UBA) and Guarantee Trust Bank (GTBank) for failure to comply with the Know-Your-Customers (KYC) guidelines and the anti-money laundering requirements. The sanctions are contained in their audited financial...

The Peoples Democratic Party, its presidential candidate in the Feb.  23 election, Atiku Abubakar, have formally filed their 66 grounds of appeal against the judgment of the Presidential Election Petition Tribunal at the Supreme Court. Chief Mike Ozekhome, SAN, a senior lawyer in the legal team of Atiku and PDP,...

  The United Nations has appointed Africa’s richest man and President of Dangote Group, Aliko Dangote, and President of the African Development Bank (AfDB), Dr. Akinwunmi Adesina, as part of 27 global leaders to combat malnutrition across the world. The appointment was made by the Secretary-General of the United Nations,...