Business

  Nigeria Finance Minister, Kemi Adeosun opens London & Lagos Capital Markets conference  …Event brings together senior UK and Nigerian government officials, business leaders and global investor …Focus on building London-Lagos dual listing model and developing Nigerian capital markets   Friday Ekeoba Nigeria Finance Minister, Kemi Adeosun on Friday alongside the Minister of State for International Trade, London, Rt Hon. …

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The Senate has announced the engagement of international forensic experts to probe the involvement of Minister of Trade and Investment, Okechukwu Enelamah, Diamond Bank and IBTC Bank, among others in a case of alleged repatriation of $13.9 billion by telecoms giant, MTN. Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, Sen. Rafui Ibrahim (APC, Kwara) disclosed …

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Kwara Gov Demands Urgency in Tackling Recession Kwara State Governor, Mr. Abdulfatah Ahmed has demanded a sense of urgency by all concerned to tackle the current challenges of economic recession facing the country. Ahmed spoke during a panel discussion at the on-going symposium for Northern Nigeria Governors organized by the United States Institute for Peace in Washington DC, according to …

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Ambode drops three commissioners In line with the State objectives to make governance accountable to the people, the Lagos State Governor, Mr Akinwunmi Ambode Wednesday dropped the Commissioners for Tourism- Mr Folorunsho Folarin-Coker; Finance, Dr. Mustapha Akinkunmi and Transportation, Dr. Ekundayo Mobereola. This development comes exactly one year after the Governor constituted his Executive Council, precisely on October 19, 2015. …

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Niger House member berates govt over refusal to approve 7.5percent CPS Olabode Adaramola A member of the Niger State House House of Assembly, Hon. Malik Madaki Bosso , has criticised ed state the governor , Alhajii Abubakar Sani Bello over his inability to assent to the 7.5percent Contributory Pension Scheme law, repealed by the state assembly despite it’s suspension over …

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Recession: Nigerian Mogul, Femi Otedola Loses $1.3bn in Value Latest ranking of the world’s richest people by Forbes has shown that oil tycoon and Nigerian business mogul, Femi Otedola‘s net worth has plunged from $1.8 billion to $550 million as the economic downturn has led to a massive drop in the stock price of Forte Oil, the Nigerian Stock Exchange-listed …

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Dwindling IGR: Gov. Aregbesola introduces development levy Worried by the dwindling fortune of the state in the area of revenue geration,  the Governor of Osun State, Ogbeni Rauf Aregbesola has introduced the Economic Development Levy programme (EDL) to increase the state’s Internal Generated Revenue to meet the demands of the people in the area of infrastructure amongst others. With the …

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Warri refinery still producing 2.5m litres PMS in spite of militancy — MD …Says kerosine plant 2.2m litres per day Despite the challenges of militancy in Niger Delta, the Managing Director, Warri Refinery and Petrochemical Company (WRPC), Solomon Ladenegan, has said that the company is still producing 2.5 million litres of Premium Motor Spirit (PMS) and 2.2m litres of kerosene daily. …

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