News

The National Bureau of Statistic (NBS) has said inflation rate dropped to 16.25 per cent in May 2017, 0.99 per cent lower than 17.24 per cent recorded in April. The decline reflects fourth consecutive decline in inflation rate since January 2017 as government continued to pump liquidity into the system. The Bureau explained that headline index increased by 1.88 per …

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The Code of Conduct Tribunal (CCT) sitting in Abuja has discharged and acquitted the Senate President Dr. Bukola Saraki in the 18 count charges of false declaration of assets brought against him by the federal government in September 2015. The tribunal held that the evidence brought against Saraki by the federal government lacked verifiable value and was unreliable to hold …

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SunTrust Bank has debunked the claim that the bank failed to pay some staff of the National Assembly who protested non-payment of their salaries on Tuesday. It would be recalled that the protest by legislative aides was triggered by the death of Hassan Abiodun, an aide to the Deputy Speaker, Yusuf Suleiman as they blamed the death on non-payment of …

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From Left: President, African Renaissance Foundation (AREFO), Mr. Babatunde Masewaku; Senior Special Assistant to the President on Foreign Affairs & Diaspora, Hon. Abike Dabiri-Erewa; Special Adviser to the Lagos State Governor on Overseas Affairs & Investment, Prof. Ademola Abass and Managing Director/CEO, Agile Communications Limited, Mr. Rufai Ladipoduring a press conference on the First Annual Diaspora Festival in Badagry at the Bagauda Kaltho …

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Photo Caption: From Left: Gilles Kolifrath, Partner, Kramer Levin Naftalis & Frankel,  ISDA Member; Irene Robinson-Ayanwale, Head, Legal Department, The Nigerian Stock Exchange (NSE); Marilyn Ramplin, Founder, Novia One Group, incorporating Hedge Fund Academy and Ade Bajomo, Executive Director, Market Operations and Technology, NSE, at the NSE X-Academy Training on “Legal and Risk Aspects of Derivatives & Clearing Central Counter …

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As part of its commitment to reward participants with exciting prizes in its ongoing ‘Family Fortune Promo’, Access Bank Plc has delighted 20 of its customers who were the first set to take part in the Promo. These gifts include rechargeable fans, microwave ovens among others. The surprise gifts to the 20 lucky families precedes the emergence of the first …

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The Imo State Police Command on Tuesday promised prompt payment of the entitlements of the two policemen who lost their lives during the robbery attack on a Zenith Bank branch on Wetheral Road, Owerri, Imo State. The state Commissioner of Police, Chris Ezike, said the police would not abandon the victims’ families. This is just as Zenith Bank said it …

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Global oil output will expand faster than worldwide demand for oil next year, primarily as US producers rack up production, and that could hamper exporters’ efforts to prop up prices, the IEA said Wednesday. A day after OPEC complained that increased output in the US was slowing efforts to rebalance supply and demand in the oil market, the IEA also …

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The Senate on Tuesday stated that business enterprises could not survive under the current interest rates being charged by financial institutions, which range between 25 and 30 per cent. The legislature noted that the economy would not grow despite the current efforts by the Federal Government to revive it if the interest rates remained high. This was made known at …

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Folake Sokoya Fulfilling the promise to fish out the killers of Mr. Awodiran Sunday, a bank agent that was gruesomely murdered in May, the Ogun State Police Command has arrested all persons involved. The 38 years old indigene of Ekiti State was attacked by hoodlums at Lambe junction, Alausa Village in Ifo local government area of Ogun State around 9:45 …

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