News

Nigeria is talking to the World Bank and African Development Bank for $3 billion of loans before the West African nation determines how much it will raise from Eurobonds to help fund this year’s budget. Bottom of Form “From the World Bank, we are hoping to get $2 billion,” Minister of State for Budget and National Planning Zainab Ahmed said …

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SunTrust Bank Nigeria Limited has released its financial performance for the year ended December 31, 2016 and the results have sent a clear message of determination to succeed and deliver value to all stakeholders.   SunTrust Bank began commercial banking activities last with the vision to “offer high quality retail and commercial banking services in a modern and innovative manner.” …

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  By Olufolahan Osunmuyiwa   I have always been proud of my heritage as a Lagosian and my connection with the sea.   My ancestors were fishermen; my great-grandfather was a well-known Olokun priest from Isale-Eko.   Whenever I would visit my grandfather, he would always tell us how the “Okun” took over most of the previous settlement, leading to …

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Lagos state police have arrested a 23 year-old young man from Imo state. He was recently re- arrested for armed robbery just few months after gaining freedom from prison. Chijioke Samson was the only suspect that detectives were able to apprehend after receiving a distress call that a woman was being robbed in her home. The suspect was nabbed a …

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The National Bureau of Statistics on Thursday, said that inflation dropped by 0.52 percent in March, the second decline recorded on the year- on- year basis. The first decline was recorded in February when inflation dropped by 0.94 per cent. In its latest Consumer Price Index for March released in Abuja, the bureau stated that the index, which measured inflation …

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The Federal Government has declared Friday, April 14 and Monday, 17, 2017 as public holidays to mark the Good Friday and Easter celebrations. The Minister of Interior, Lt. Gen. Abdulrahman Dambazau (retd.) made the declaration on Wednesday in Abuja. He enjoined Christians in particular, and Nigerians in general, to extend the spiritual benefits of Easter, which are love, peace, justice, …

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National Agency for Food and Drug Administration and Control on Wednesday said it had destroyed counterfeit drugs worth N29 billion in the last three years. The Director, Special Duties, Dr Abubakar Jimoh, who gave the figure in Abuja, explained that in December 2016 alone, fake drugs worth N9.6bn were destroyed in Port Harcourt, Rivers, in an operation carried out in …

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A 30-year-old man, Abdulrahman Ganiyu, has pleaded with a Karu Grade 1 Area Court, Abuja, to dissolve his five-month-old marriage on grounds that his wife, Nafisat Oseni, is very troublesome. “Before I got married to her, she was not like this; but the moment I married her, she became something else. “It’s like she was just waiting for me to …

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The Association of Indigenous Sea Food Stakeholders says the country loses N9bn revenue annually to illegal fish importation and smuggling. The association’s national chairman, Mr Lamina Rasheed, said in Abuja on Wednesday that the members of the association paid import duty of 14 per cent, which amounted to millions of naira to the Federal Government while the illegal importers paid …

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The Nigeria Railway Corporation says that the construction of the Lagos-Ibadan standard gauge rail would begin on April 14. The Managing Director, NRC, Mr Fidet Okhiria, on Wednesday in Lagos advised those who had encroached on the NRC land to start packing their belongings, to avoid their property being destroyed by bulldozers. “Those that are due for compensation will be …

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