News

FG is Committed to Infrastructure Financing’—Adeosun The Minister of Finance, Mrs. Kemi Adeosun on Tuesday emphasised the importance critical infrastructure projects, especially in the areas of Rail and Power to the country’s economic development. She spoke during the visit of the Chinese Ambassador to Nigeria, Mr. Zhou Pingjian, to her office in Abuja. Adeosun described the commitment of the current …

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CBN retains monetary policy rate at 14%, amidst deepening recession The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr. Godwin Emefiele, who announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja, explained …

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Fire guts Erisco Foods warehouse, destroys N450m goods Goods worth about N450m were destroyed in a fire that gutted Erisco Foods Ltd warehouse in Lagos, the company’s General Manager, Mr. Tokunbo Agbede, said on Tuesday. According to agency report, Tokunbo made the disclosure at a news conference on in Lagos. Agbede said that the cause of the fire which happened about …

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Gov Rochas To Flag-Off 2016 Pilgrimage In Yola Thursday The Governor of Imo state, Owelle Rochas Okorocha will on Thursday, flag-off the 2016 Christian pilgrimage to the Holy Land at the Yola International Airport, Jimeta, Yola. Governor of Adamawa State, Senator Mohammed Bindow will be the Special Guest of Honour, while the Secretary to the Government of the Federation, Engr. Babachir David Lawal will …

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UBA CFO, Finance Team Shines at CFO Awards Pan-African financial services group, United Bank for Africa Plc repeated the outstanding feat, it recorded last year at the 2nd edition of Nigeria CFO awards, but took it a notch higher when its Group Chief Financial Officer (GCFO) and the Finance Team bagged the treble at the awards night held on November …

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Dayo Emmanuel The last may not have been heard about the corruption charges against former Governor of Oyo State, Senator Rasheed Adewolu Ladoja. The former Governor, who was first indicted and charged for money laundering eight years ago has now been dragged before a Federal High Court in Lagos as the war against corruption continues. Meanwhile, an earlier report published …

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  Nigeria’s Aliu re-elected ICAO council president Nigerian-born Dr Benard Aliu has been re-elected by acclamation for a second three-year term as President of the Council of the International Civil Aviation Organisation (ICAO). Aliu secured the vote at the council’s meeting which took place in Montreal, Canada on Monday night. In his acceptance speech, Aliu said that over the past …

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Gov. Simon Lalong of Plateau on Monday said the absence of Asiwaju Bola Ahmed Tinubu,  the national leader of the All Progressives Congress at the Akure rally on Saturday was because of ill-health. “Tinubu, was not at the rally due to ill-health”, Lalong told reporters in Abuja today. He also said the South West All Progressives Congress governors, Mr Akinwumi …

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FG to Unveil New 4 years Economic Road Map next week  …says 2017 Budget ready, but? FRIDAY EKEOBA Determined to jump start the domestic economy, the Federal Government of Nigeria yesterday disclosed its readiness to unveil a new four years economic road map known as Nigeria’s Economic Recovery and Growth Plan (NERGP), 2017-2020. Minister of Budget and National Planning, Senator …

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