Business

Tayo Olanipekun U.S.Acting Deputy Assistant Secretary for African Affairs,Robert Scot, has said the recent excoriating comments of the U.S.President Donald Trump on the continent notwithstanding, African countries will still partner with the U.S. in addressing the North Korean issue. He said his country has “very strong relationships across the continent” which remain unchanged. Scot spoke yesterday in Washington D.C.at a …

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As part of its developmental role, the Securities and Exchange Commission (SEC) has announced an extension of the period for the FREE e-Dividend registration exercise till February 28, 2018, to encourage more shareholders mandate their Bank Accounts   According to the SEC, in reviewing the progress of the e-Dividend Registration exercise, after the December 31, 2017 deadline, it was noted that there was still a great influx …

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Union Bank of Nigeria Plc has announced its membership of Business Call to Action (BCtA) with a commitment to provide access to financial services to a minimum of 30,000 people from low income communities within 11 states across Northern Nigeria by 2020. Launched at the United Nations in 2008, BCtA aims to accelerate progress towards the Sustainable Development Goals (SDGs) …

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The price rally on the Nigerian Stock Exchange (NSE) continued on Wednesday with the market capitalisation hitting all-time of N16.080 trillion. Nigerian Stock Exchange The market capitalisation, which opened at N15.782 trillion inched N298 billion or 1.89 per cent to close at N16.080 trillion. Also, the All-Share Index rose by 830.52 points or 1.89 per cent to close at 44,885.24 …

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The Ministry of Budget and National Planning says there are no suspicious items in the 2018 Budget as speculated by a few commentators. The commentators have made observations and allegations that tend to suggest that some line items and projects in the budget are suspicious, but the Ministry explained that the items in the budget were well conceived and provided …

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…Not True Service Spokes Man Folake Sokoya    Some officials of the Federal Operation Unit, FOU, of Nigerian Customs Service on Wednesday allegedly shot a man to death in the Oko-Oba area of Lagos State. The officials had reportedly chased a yellow commercial bus, popularly called Danfo, to the spot and opened fire on it. According to eyewitnesses, the yet-to-be-identified victim …

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The Nigeria Customs Service ( NCS ), Port Terminal Multi-service Limited ( PTML ) Command, Apapa, Lagos said it generated N98. 8 billion in 2017. The amount  was 57.4 percent above the N62.8 billion revenue  generated in 2016. Its Area Comptroller, Mrs. Adeyanju Aremu said that the excellent performance was attributed to the  ban on the importation of vehicles through …

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A commercial driver, Laisi Ajibade, on Wednesday asked an Ado-Ekiti Customary Court to dissolve his 22-year-old marriage over threats by his wife, Folake, to cut off his manhood. Ajibade, 48, also accused Folake of dishonesty and desertion. According to him, Folake almost cut off his manhood when they went to bed on Nov. 7, 2017. “She threatens to kill me …

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Two suspected kidnappers and five others alleged of conspiracy and stealing of NITEL cables in Lagos were Tuesday paraded by Commissioner of Police Lagos Command, Edgal Imohimi. The suspected kidnappers, Identified as Igwe Sunday aged 28 years and Chukwu- Emeka Bright Onne 23 years, according to the police commissioner were arrested over alleged kidnapping of one Mildred Mbajiorgu last week. …

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Former deputy governor of the Central Bank (CBN), in charge of Finance System Stability, Professor Kingsley Moghalu, has said contrary to claims by the Federal Government, Nigeria is not out of recession yet. Instead, Moghalu said the country’s economy is going through “economic contraction” which, according to him, will take Nigeria more years to overcome. After Nigeria slid into recession in …

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