News

The Federal Government has concluded plans to release the first tranche of capital release of N350bn to Ministries, Departments and Agencies of government for implementation of the 2017 budget. The Minister of Finance, Mrs Kemi Adeosun gave this disclosure during a public presentation of the 2017 budget on Monday in Abuja. She said the ministry was ready to make the …

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Succor will soon come to users of Apapa Wharf road as Federal government handed over the troubled road to Dangote Industries Limited and Flour Mills of Nigeria (FMN) for immediate reconstruction with concrete overlay. After the nation and port users have lost several billions of Naira on the dilapidated road, then Federal government at the weekend in Lagos signed a …

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Olabode Adaramola A Consultant Gynecologist and  Wife of the Niger state Governor, Dr. Amina Abubakar Bello has said that in the last two years, 63 patients that were  suffering from Vesico Vaginal Fistula (VVF) underwent free surgeries, while 2,174 women got free cancer screening and cancelling in the state  through her Non- Governmental  Organization {NGO} Raise Foundation . The breakdown …

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The Nigerian National Petroleum Corporation (NNPC) says it has successfully reduced the price of Automotive Gas Oil (AGO), also known as Diesel, by 42% nationwide. NNPC made this known in a statement, released on Sunday, and signed by the Group General Manager, Group Public Affairs division of the corporation, Ndu Ughamadu. NNPC said the reduction prices, which is the aftermath …

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Zenith took over the leadership of the Nigerian banking industry by the size of the balance sheet in 2016. It accelerated growth from 6.7% in 2015 to 18.3% in 2016 and closed the year with an asset base of N4.739 trillion. The bank has maintained a faster growth rate than FBN Holdings over the past three years and with a …

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The Central Bank of Nigeria, CBN, has expressed concern over the low level of credit penetration in the country which is estimated at 5.3 per cent of the nation’s adult population. Head, financial inclusion secretariat, CBN, Mrs. Temitope Akinfadeyi, disclosed this in Lagos at a workshop on retail banking organised by the ciuci consulting with the theme ‘catalyzing SME funding and retail lending to …

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The negative growth of the economy and low crude oil output has weakened Nigeria’s international trade with most of its partners, particularly the United Kingdom, IFE OGUNFUWA writes Nigeria has recorded its first trade deficit with the United Kingdom since 2009, with merchandise imports from the former colonial master in 2016 exceeding shipments of Nigerian merchandise to it. An analysis …

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By our reporter with Agency Report Nigerians have expressed concern over yet another attack in London this morning. A BBC report relays an eye witness claim that “A man has died and 10 people have been injured after a man drove a van into worshippers near a north London mosque.” The report stated further that, “The Met Police said eight …

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Devastating conflicts, violence and persecution in places like Syria and South Sudan had left a record 65.6 million people uprooted from their homes by the end of 2016, the UN said Monday. That number marks a jump of just 300,000 from the end of 2015, but is more than six million higher than at the end of 2014, according to …

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Soon, insecticide treated mosquito nets will be a must have for men planning to get married in Sokoto State. The item will be made a compulsory part of bride price for potential husbands before they are allowed to take the bride. A yet-to-be ratified law in Sokoto State is aimed at making the process legal. The law will also mandate …

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