Over 91m Nigerians Now Desperately Poor, Says Report

The number of extremely poor Nigerians has risen to 91.6 million, according to the World Poverty Clock. This implies that virtually half of Nigeria’s population now lives in extreme poverty. The World Poverty Clock had named Nigeria the poverty capital of the world last June when it revealed that Nigeria had 87 million people living […]

Akinnola

Be Professional, Security Conscious While Monitoring Elections – Arogundade Tasks Journalists

Director of the International Press Centre (IPC), Mr. Lanre Arogundade has enjoined journalists to be security conscious and embrace professionalism as they cover the 2019 general elections. Arogundade gave the advice at a media round-table and presentation of report of monitoring of print and online newspapers’ reporting of the 2019 electoral process. “My appeal is […]

NDIC Explains Liquidation Of Fortis Micro-Finance Bank

…Borders On Huge Non-Performing loans, High Cost Of Funds …Exorbitant Administrative And High Emoluments To successive CEOs …Poor Corporate Governance Practices The Nigerian Deposit Insurance Corporation (NDIC), has debunked insinuations that the liquidation exercise carried out on Fortis Micro-Finance Bank Plc was done in bad fate. The NDIC said that the Micro-Finance Bank came specifically […]

NPA Implores Host Community As Ocean & Cargo Takes Over Warri Terminal

The concessionaire of the Warri Port Terminal B, Ocean and Cargo Terminal Services Limited, has taken possession of the terminal after the formal handing over by both the Nigerian Ports Authority (NPA) and Bureau of Public Enterprises (BPE). The handing over was done by the Managing Director, NPA, HajiaHadizaBala Usman, who was represented by the […]

Onnoghen

CCT Orders Police, DSS To Arrest Onnoghen

The Code of Conduct Tribunal has ordered both the Inspector-General of Police and the Director-General of Police to arrest of the suspended Chief Justice of Nigeria, Justice Walter Onnoghen. Delivering a ruling of the three-man tribunal, the Chairman of the CCT, Danladi Umar, ordered the security agencies to produce Onnoghen at the tribunal on Friday. […]

National-Bureau-of-Statistics-NBS

Economy Attracted $16.8bn Investment Inflow In 2018 – NBS

The National Bureau of Statistics on Wednesday released the Capital Importation report for 2018 with the economy attracting a total investment of $16.81bn during the period. The bureau in the report stated that the investment inflow of $16.81bn for 2018 represents an increase of $4.59bn or 37.49 per cent when compared to the $12.22bn attracted […]

Eterna Targets 200 Petrol Stations In Five Years

The Management of Eterna Plc has concluded plans to establish not less than 200 petrol stations in the next five years from the 35 it currently operates. Speaking in Lagos on Tuesday, Managing Director, Mahmud Tukur also declared that market forces should determine the pump price of petrol as subsidy payments currently borne by the […]

Dangote, Imouhkuede Launch Africa Business Coalition For Health… Receives Endorsement From African Heads Of State

An ambitious platform designed to bring together business leaders in Africa to collaborate with heads of government and other stakeholders to tackle basic health challenges in Africa has been launched in Addis Ababa, Ethiopia with assurances from government to collaborate for a healthier Africans. The platform, African Business Coalition for Health (ABC Health) was launched […]