archiveOctober 21, 2019

Some financial experts on Monday attributed the incessant lull on the Nigerian Stock Exchange (NSE) to various economic dislocations in the country. The financial experts, who spoke to the News Agency of Nigeria (NAN) in separate interviews in Lagos, noted that uncertainties in the economy were discouraging investors from investing...

Shareholders of some Insurance companies on Monday urged the National Insurance Commission (NAICOM) to review its recapitalisation directive issued to the insurers, saying that the June 2020 deadline did not seem feasible. They made the submission while speaking with the News Agency of Nigeria (NAN) in Lagos. Mr Shehu Mikail,...

The President of the Senate, Ahmad Lawan said on Monday that it was share misrepresentation of fact to say that journalists were not allowed to cover the budget defence sessions going on at the National Assembly. Lawan was reacting to report published in some dailies last week that the media...

Oyo State Governor, Engineer Seyi Makinde said on Monday that the Oyo State chapter of the All Progressives Congress (APC) can only fool some people all the time but that it cannot fool all the people all the time. The Governor, who was reacting to the management of government projects...

    “…most reliable studies show that overly generous financial safety nets or system have generally tended to increase bank risks and systemic fragility. My respectful view is that there must be some rethinking of the short and long term implications of the use of these tools and their sustainability...

  President of the Senate, Ahmad Lawan on Monday gave an assurance that the National Assembly will accord top priority to the amendment of the Nigeria Deposit Insurance Corporation (NDIC) law. A bill to amend the NDIC Act 2006 was presented for consideration to the eighth National Assembly but it...

The Nigerian Electricity Regulatory Commission (NERC) has directed Distribution Companies (DISCOs) and Meter Assets Providers (MAPs) to intensify effort in supplying meters to electricity consumers within their operational areas. News Agency of Nigeria (NAN) reports that Dr Moses Arigu, the Commissioner, Consumer Affairs, NERC,  made this known at a Discos...

Vice President Yemi Osinbajo has described the Nigeria Deposit Insurance Corporation (NDIC) as a reference point for deposit insurance globally. Osinbajo expressed this view in his address at the 30th Anniversary, Public Lecture and Book Presentation of NDIC on Monday in Abuja. The topic of the NDIC 30th anniversary celebration...

The Minister of State for Petroleum Resources, Timipre Sylva, says there is need to continue to plan for the nation’s economy beyond oil. Sylva made the assertion on Monday at the International Conference on Hydrocarbon Science and Technology held at the Petroleum Training Institute (PTI), Effurun in Delta. The two...

President of the Senate, Ahmad Ibrahim Lawan, has called for the active involvement of citizens in the process of governance. He said doing so would substantially deepen Nigeria’s democracy, as well as ensure transparency and accountability on the part of lawmakers elected to deliver on effective representation to the people....