News

Armed robbers suspected to have robbed Crawford’s University vice chancellor, Professor Rotimi Ajayi in Igbesa Ogun state have been arrested. The V.C. was robbed of his Toyota Highlander Jeep, 5 phones, an IPAD and money along Atan-Igbesa road on January 27, 2017. The incident was immediately reported and FSARS operative began to trail the hoodlums since then. Their effort paid …

Read More »

The Central Bank of Nigeria (CBN) has directed Money Deposit Banks to henceforth process and meet the demand for dollars and other foreign currencies within 48 hours. In a circular made available to journalists, on Sunday in Abuja, the Director, Financial Markets Department, CBN, Dr Alvan Ikoku said the order would further make foreign currencies readily available to end users. …

Read More »

The Federal Government has formally announced the closure of the Nnamdi Azikiwe International Airport, Abuja, beginning from 12 a.m. Wednesday. This was announced by the Minister of Information, Lai Mohammed, at a world press conference Monday in Abuja. The airport will be close for six weeks. Also speaking, the Minister of Transportation, Rotimi Amaechi, said the government has kept its …

Read More »

Healthy financial markets, the world over, form one of the key underlying basis for successful economies. From the developed nations of the United States of America, United Kingdom, to the emerging markets in Turkey, India and the developing countries such as Nigeria, Egypt etc., fully functional and well regulated financial markets have fast tracked and endeared investors into these economies. …

Read More »

The Nigerian Economic Recovery and Growth Plan (ERGP) will be driven by Science, Technology and Innovation, with the youths being targeted to deliver the Plan success, the Minister of Budget and National Planning Minister, Senator Udoma Udo Udoma, has disclosed. Senator Udoma, while receiving the Country Representative of UNICEF, Mr Mohammed Malick Fall, in Abuja at the weekend, said government …

Read More »

The operatives of Rapid Response Squad of the Lagos State Police Command over the weekend arrested three suspected kidnappers fleeing from Ibadan in Lagos after collecting N3 million ransom. The kidnappers, Adekunle Funsho (31), Charles Ezeilo (32) and Obioha Nnaji were apprehended in Abule Egba Lagos after kidnapping a lady and collecting N3 million ransom. The kidnappers had after collecting …

Read More »

The Lagos Chamber of Commerce and Industry (LCCI) on Saturday challenged States Governments in Nigeria to take a cue from the current steps of the Federal Government to improve investment environment. Commending the creation of the Presidential Enabling Business Environment Council (PEBEC), chaired by the Vice President, Professor Yemi Osinbajo, President of LCCI, Dr (Mrs) Nike Akande explained that the …

Read More »

An energy expert, Mr Patrick Okigbo, has said that many Nigerians are not paying for electric power because there is not enough disposable income. Okigbo said on Friday that what the average Nigerian earned was not enough to pay all the bills and would rather give preference to other commodities and services such as food and shelter. He said, “Now …

Read More »

The Debt Management Office (DMO), has concluded plans to issue a new type of bond called the FGN Savings Bond (FGNSB). This will be the Federal Government’s third debt instrument after the FGN Eurobond and FGN Treasury Bills. Unlike the first two debt instruments, the FGNSB is targeted at retail investors and lower income earners to encourage savings and earn more …

Read More »

Activities in the private sector in the domestic economy, expanded for a second straight month in February, driven by a rise in new business despite a fall in export sales, a survey showed on Friday. The Markit Stanbic IBTC Nigeria Purchasing Managers’ Index (PMI) rose to 52.2 last month after rising to 51.9 in January, the strongest reading since December …

Read More »