News

Barely three days after the naira weakened against the United States dollar, the Central Bank of Nigeria is set to boost the local unit with the injection of more dollars into the foreign exchange market this week. The CBN, it was learnt, was planning to increase dollar supply with a view to ensuring liquidity in the interbank market. This came …

Read More »

Olabode Adaramola The Police in Niger state have said that part of the successes recorded in its special operations on Armed Bandits in parts of the state in the first quarter of the year is the arrest of 306 sundry suspects and the recovery of 11 AK 47 rifles with 982 rounds of live ammunition. It also listed the recovery …

Read More »

The President of International Civil Aviation Organisation (ICAO), Dr. Bernard Olumuyiwa Aliu visited Nigeria and held high level talks with all aviation parastatals chiefs. The meeting was held at the Aviation House,Nigerian Civil Aviation Authority (NCAA) Headquarters on Friday, 31st March,2017. At the meeting,each of the CEOs gave a brief of the various activities in their respective Agencies as regards …

Read More »

Olabode Adaramola Governor Abubakar Sani Bello of Niger state has said that he will only take traditional titles conferment after completion of his service to the people of the state as governor. Bello stated this in New Bussa in Borgu Chiefdom when the Emir of the chiefdom, Alhaji Mohammed Sani Dantoro Kintoro IV announced conferment of traditional title of Majin …

Read More »

Olabode Adaramola The Federal Government is set to introduce 200 Rice Milling Machines to farmers to further boost production of Rice in the Country, the Minister of Agriculture and Rural Development, Audu Ogbe has revealed. Also, the National Coordinator International Fund for Agriculture Development, IFAD, Dr. Ameh Onoja said N6 billion has been earmarked for Rice production. The duo stated …

Read More »

Olabode Adaramola The Senator, representing Niger South Senatorial District, at the national assembly Abuja , Senator  Mustapha Sani Mohammed has given massive empowerment programmes to the people of the senatorial district in an attempt to reduce to the barest minimum the level of unemployment among the people, especially youths and women. He made the disclosure in an interaction with the …

Read More »

The country’s external reserves fell to a two-week low and the naira eased on the black market on Friday after the Central Bank of Nigeria pledged to step up dollar sales. This came just as the CBN said it would announce a new exchange rate for Bureau De Change Operators next week, Reuters reported. The central bank had on Tuesday …

Read More »

By Friday Ekeoba Notwithstanding its seemingly financial statement for the year ending December 31st 2016, Union Bank Plc Cash Adequacy Ratio (CAR) considering its operations has dropped to 13.3 per cent, compared to the regulatory benchmark of 15 percent respectively. Generally, a bank with a high CAR is considered safe and likely to meet its financial obligations. CAR isused by financial regulators …

Read More »

Dayo Emmanuel Nigerian journalists have been urged to consider reportage of development issues in the rural areas as paramount. The call was made by Managing Editor online, The Nation Newspaper, Mr. Lekan Otufodunrin at the public presentation of a publication, ‘Solution –Driven Rural Poverty Reporting Initiative’ in Lagos on Friday. The publication, a report aimed at advancing the development issues …

Read More »

…Post N59.42 bn Revenue The Chairman Transnational Corpoation of Nigeria Plc (Transcorp), Mr. Tony Elumelu has reinterated the commitment of the conglomerate towards significantly increasing power generation in the domestic economy. Elumelu who made this disclosure at the 11th Annual General Meeting of the company in Lagos, also reaffirmed the Board of Director confidence in Transcorp’s growth trajectory and commitment to …

Read More »