Business

The National Bureau of Statistics on Wednesday released the Consumer Price Index which measures inflation with the index dropping by 0.09 per cent points from 11.23 per cent in June to 11.14 per cent in July. The bureau in the report said this is the eighteenth consecutive disinflation in headline index. The report reads in part, “The consumer price index, …

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Scientists claim the richest among us are most prone to unethical behaviour They are more likely to cheat, deceive and ignore the needs of poorer people This unethical behaviour occurs because wealth and power make people feel above the law, which allows them to ‘treat others like they don’t exist’  The wealthiest among us are also the most likely to …

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Guaranty Trust Bank (GTBank) plans to use some of its cash deposits to help grow its loan book by 10 per cent by the end of the year after credit declined in the first half, the bank said yesterday. The bank expects to boost loans to compensate for a drop in yields from treasury investments. The chief executive, GTBank, Mr. …

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The Tony Elumelu Foundation (TEF) has announced October 25, 2018, as the date for its fourth annual TEF Entrepreneurship forum. The forum would unite over 5,000 entrepreneurs, global investors, leaders from the African public and private sectors and developmental organisations in Lagos. The 2018 cohort from the Tony Elumelu Entrepreneurship Programme, as well as mentors and partners, would be present, …

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The Nigerian Content Development and Monitoring Board (NCDMB) has call for the listing of more companies that add value to the Nigeria’s hydrocarbon resources in-country such as refineries, petrochemical industries, fertiliser firms. The Executive Secretary, NCDMB, Simbi Wabote made the call when he led the management of the board on a visit the Nigerian Stock Exchange (NSE) to perform the …

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By Ariwera Ibibo-Howells, Yenagoa Scores of thousands applicant have begun scrambling for job placements in the Bayelsa State civil service. Our medium gathered that the state governor in his guest to create employment opportunities for the unemployed in the state recently ordered the state civil service commission to begin the process of recruiting one thousand graduate work force into the …

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By Ariwera Ibibo-Howells, Yenagoa Not fewer than two hundred Nigerian yesterday were awarded scholarships to study in Iscom University, Cotonou, Benin Republic by Kez global educational scholarship in Yenaoa, Bayelsa State. Awarding the second beneficiaries of the scholarship scheme, the coordinator Kez educational foundation, Hon. James Jonah advised the awardees to remain focused and resolute in their studies while in …

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The National Bureau of Statistic (NBS) has disclosed that Federation Account Allocation Committee (FAAC) disbursed the sum of N821.86 billion to the three tiers of government in July 2018 from the revenue generated in June 2018. According to bureau report on Tuesday, the amount disbursed consist of N687.35billion from the Statutory Account, N85.34billion from Valued Added Tax (VAT) and N7.32billion …

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With the increasing farming and harvest of Tilapia Fish in the country, Tilapia and Aquaculture Developers Association of Nigeria (TADAN) is canvassing a ban on the importation of the fish specie into the country. The association claimed that the fish specie was introduced into the country few years ago but Nigerians have mastered the production of the feeds to the …

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The Debt Management Office (DMO) says Nigeria’s total debt rose to N22.4 trillion in the first half of the 2018 financial year. This represents a three percent increase from the N21.68 trillion recorded at end of December 2017. Patience Oniha, director general of the DMO, made the revelation while addressing reporters in Abuja on Tuesday. According to her, the rise …

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