News

Edo State Governor, Mr. Godwin Obaseki has shut down state-owned transport outfit, Edo line, indefinitely and directed that its staff be relocated to the Edo State Ministry of Transport.   The governor gave this directive in Benin as he paid an on-the-spot assessment of Edo line to ascertain the state of the transport company, which had allegedly been systematically collapsing for …

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Citing delay in the commencement of work, the Lagos State Government on Monday terminated the N844 billion Fourth Mainland Bridge contract. Commissioner for Waterfront and Infrastructure Development Adebowale Akinsanya, explained that the State Government was considering proposals from foreign investors in the United States of America and Britain to accelerate the commencement of the project. According to Akinsanya, the government has dumped …

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Heritage Bank Plc has entered into strategic partnership with Risk Management Association of Nigeria (RIMAN) to promote global best practices in the implementation of risk management for safer and stronger financial institution. President of RIMAN, Mr Jude Monye, disclosed this at the first Chief Risk Officer’s time-out/dinner organised by RIMAN, yesterday. Whilst speaking with journalists at the event, Monye noted …

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Some financial experts on Monday called for a downward review of the Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) to 12 per cent from 14 per cent, to enhance economic recovery. They told the News Agency of Nigeria (NAN) in separate interviews in Lagos that the Cash Reserve Ratio (CRR) should be reviewed to increase the tempo …

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Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has promised to resign if Nigeria continues to import fuel by 2019. He stated this in an interview on BBC World Service programme, HardTalk, on Monday. He promised to deliver on the refineries and said he was committed to also delivering a future for oil for Nigeria. Responding to the question …

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The Minister of Information and Culture, Alhaji Lai Mohammed, has made a strong pitch for Nigeria to embrace the growing Animation technology in order to benefit from what has become a $300-billion industry and which represents 25% of the global audiovisual market.  Addressing the opening ceremony of the 7th African Digital TV Development Seminar in Beijing, China, on Monday, the Minister said a developed animation industry in Nigeria will be …

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…Ambode Hails Lawmakers As Assembly Holds Session For Lagos@50   Tayo Olanipekun National Leader of the All Progressives Congress (APC) and former Governor of Lagos State, Asiwaju Bola Ahmed Tinubu, on Monday called on the Military to shun any attempt to lure it to stage a coup d’etat against the democratic process, vowing that such attempt would be vehemently resisted. …

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The Lagos State Government is to construct eight new concrete ferry jetties in coastal areas of the state, according to an official. The Commissioner for Waterfront Development, Mr Adebowale Akinsanya, said at a media briefing on Monday at Alausa, Ikeja, that the new jetties would boost water transportation in the state. “This will be the first state-owned ferry concrete jetties …

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From Left; Mr. William Ezeagu; Director Product Development, Nigerian Export Promotion Council (NEPC); Mr. Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Mr Olusegun Awolowo; Executive Director/CEO, NEPC; Mr George Enyienkon, Director Export Development & Incentives, NEPC  and Mr. Haruna Jalo-Waziri, Executive Director, Capital Markets Division, NSE at the Closing Gong Ceremony at the Exchange on Monday to …

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No fewer than fifty members of the Biafra Independent Movement, were on Monday arrested by the Police during the Group’s peaceful rally in Abakaliki, the Ebonyi State capital. It was gathered that Biafra flags flooded the capital city during the rally with a large presence of policemen stationed at strategic locations in the city. The Pro-Biafra agitators were arrested on …

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